To help the United States fight the funding of terrorism and money laundering activities, U.S. law requires U.S. Bancorp, like other financial institutions, to obtain, verify, and record information that identifies each customer that opens an account.
What this means for you: When you open an account with us, we will ask for your and/or your business's legal name, address, date of birth, tax identification number, and other identifying information that will assist us with identifying you and/or your business. We may also ask to see your photo identification (driver's license) or other identifying documents. For businesses, we may ask for copies of certified articles of incorporation, an unexpired government-issued business license, a partnership agreement, or other documents that indicate the existence and standing of the entity.
We may change APRs, fees, and other Account terms in the future based on your experience with U.S. Bank National Association and its affiliates as provided under the Cardmember Agreement and applicable law.
| Interest Rates and Interest Charges | U.S. Bank Business Triple Cash Rewards Card |
| Annual Percentage Rate (APR) for Purchases | Business Cash Rewards Card: 0% introductory APR for the first 12 billing cycles. After that,19.24% to 28.24% based on your creditworthiness when you open your account. This APR will vary with the market and is based on the Prime Rate. |
| APR for Balance Transfers | Business Cash Rewards Card: 0% introductory APR for the first 12 billing cycles for balances transferred within 30 days from account opening. After that,19.24% to 28.24% based on your creditworthiness when you open your account. This APR will vary with the market and is based on the Prime Rate. |
| APR for Cash Advances | Business Cash Rewards Card: 29.99% This APR will vary with the market and is based on the Prime Rate. |
| Penalty APR and When it Applies |
29.99% This APR may be applied to your account if you: 1) Make payments 5 calendar days late twice or 30 calendar days late once; or 2) Make a payment that is returned; or 3) If you exceed your Credit Limit 2 times in 12 consecutive months. How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, the Penalty APR will apply until you make 6 consecutive minimum payments when due and do not exceed your Credit Limit during that time period.
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| How to Avoid Paying Interest on Purchases | Your due date is 24 – 30 days after the close of each billing cycle. We will not charge you interest on new Purchases if you pay your entire balance, or Plan Adjusted Balance if you have any Fixed Payment Program balance(s), in full by the due date each month. |
| Minimum Interest Charge | If you are charged interest, the charge will be no less than $1. |
| Fees | U.S. Bank Business Triple Cash Rewards Card |
| Annual Fee | |
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• Annual Membership Fee
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None |
| Transaction Fees | |
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Balance Transfer
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Either 3% of the amount of each transfer or $5 minimum, whichever is greater. |
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Convenience Check Cash Advance1
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Either 3% of the amount of each advance or $5 minimum, whichever is greater. |
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Cash Advance ATM
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Either 5% of the amount of each advance or $10 minimum, whichever is greater. |
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Cash Advance
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Either 5% of the amount of each advance or $10 minimum, whichever is greater. |
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Cash Equivalent Advance
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Either 5% of the amount of each advance or $10 minimum, whichever is greater. |
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Overdraft Protection
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None |
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Foreign Transaction
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3% of each foreign transaction |
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•
U.S. Bank ExtendPay® Fees
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A monthly fee not to exceed 1.6% of the original principal amount in a U.S. Bank ExtendPay® Plan or U.S. Bank ExtendPay® Loan.2 This fixed fee is disclosed upon enrollment and charged each month that you owe the applicable ExtendPay balance. |
| Penalty Fees | |
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Late Payment
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$40 |
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Returned Payment
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$40 |
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Overlimit
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$40 |
Fixed Payment Programs: From time to time we may offer to you the benefit of our Fixed Payment Programs, including ExtendPay® Plans and ExtendPay® Loans, which allow you to pay off balances in fixed monthly payments over time. See your Cardmember Agreement for more information.
Business Owner authorizes U.S. Bank National Association ("we", "us", or "our") to obtain a consumer credit report and a business credit report for use in assessing his/her personal creditworthiness in connection with an application by Company, of which Business Owner is an employee, principal, owner, partner, officer, or guarantor, for a U.S. Bank Business Cash Rewards Card. We need such consumer reports because Business Owner may have direct, contingent, present, or future liability to us for the Company's obligation in connection with the Account. All applicants agree that, as long as the Account is open, we may obtain credit reports about the applicants from time to time. We reserve the right to consider the applicant for a lower line of credit if one was requested. This application must be signed by a Business Owner with authority to bind the Business to the terms of this Application Agreement. The Business Owner certifies that the execution, delivery and performance of this Application has been authorized by all necessary corporate action by the Business, and will provide evidence of such action upon request. If the Business is approved for the U.S. Bank Business Cash Rewards Card, the Business Owner requests and directs us to open a U.S. Bank Business Cash Rewards Card ("Account") and to issue U.S. Bank Business Cash Rewards Card ("Cards") to any individual Employees of the Business, including the Business Owner, designated by the Business Owner on this Application or its addendum, or by any process agreed to by us and the Business. The Business Owner and the Business shall be jointly and severally liable for all charges on the Account. Each applicant understands and agrees that we may increase or decrease the APR or credit limit assigned to the Account and/or to the Cards within the Account or close the Account at any time based on our credit guidelines, credit report information, Account history, or the financial circumstances of the Cardmember. At the time the Account is opened, individual Employees, including the Business Owner, will be issued Cards and a U.S. Bank Business Cash Rewards Card Cardmember Agreement governing individual use of the Account and individual Employee liability for charges to the Account. By providing us with a telephone number for a cellular phone or other wireless device, including a number that you later convert to a cellular number, you are expressly consenting to receiving communications—including but not limited to prerecorded or artificial voice message calls, text messages, and calls made by an automatic telephone dialing system—from us and our affiliates and agents at that number. This express consent applies to each such telephone number that you provide to us now or in the future and permits such calls for non-marketing purposes. Calls and messages may incur access fees from your cellular provider. Use of the Card or the Account will signify acceptance of the terms of the Cardmember Agreement, which may be amended from time to time. All applicants must be at least 18 years old and agree that Accounts will be used primarily for business purposes, and not personal, family, or household purposes. Information from this Application may be shared with our affiliates. Cash access is subject to credit approval. You certify that to the best of your knowledge, the information provided about yourself, the name and address provided for the legal entity customer, and the information provided about the beneficial owner(s) and/or the individual with control over the legal entity customer is complete and correct.
Balance Transfer Information: Balance transfer transactions from other U.S. Bank National Association accounts are not permitted. You may cancel a balance transfer request within 10 days of account opening by calling 800-285-8585. After 10 days from account opening, requests to stop payment on Balance Transfer Check(s) issued by U.S. Bank shall not be honored unless the check(s) has been stolen, lost or destroyed.
Program Participation
To participate in the Program, your Account must be open and in good standing under the terms of your Cardmember Agreement. We may alter, change, or terminate the Program at any time without advance notice. We may also disqualify Cardmembers who have violated any of these terms and conditions or the terms of their Cardmember Agreement with us. Determination and payment of tax liability is the sole responsibility of the Cardmember. The Program is void where prohibited by federal, state, or local law.
(a) Earning Cash Back Rewards
You will earn cash back rewards ("Cash Back Rewards" or "Rewards") at a Standard rate of 1% per dollar of the "net purchases" made with your Account, after we have deducted amounts credited to your Account for returns, refunds or other reasons. Cash Back Rewards credited for "Net Purchases" made through your Account will be shown through online account service.
You will also earn Cash Back Rewards in the categories as described below:
Merchants identify their businesses by a Merchant Category Code ("MCC") established by Visa and Mastercard. We do not determine the MCC that merchants use and reserve the right to determine which Purchases qualify for Cash Back Rewards. A Purchase will not earn Cash Back Rewards if the merchant's code is in a category that is not eligible to earn Cash Back Rewards.
Cash Back Rewards are NOT earned for Advances (including wire transfers, travelers checks, money orders, foreign cash transactions, betting transactions, lottery tickets and ATM disbursements), Convenience Checks, Balance Transfers, and Fees, credit insurance charges, transactions to fund certain prepaid card products, U.S. Mint purchases, or transactions to purchase cash convertible items.
You may not redeem Cash Back Rewards, and you will immediately lose all of your earned Cash Back Rewards, if your Account is closed to future transactions (including, but not limited to, due to Program misuse, fraudulent activities, failure to pay, bankruptcy, or death).
Cash Back Rewards cannot be used as payment for obligations owed to U.S. Bank or its affiliates. Exception: Cardmembers can choose to redeem their earned Cash Back Rewards for statement credit to be applied to their Account by accessing the Rewards Center. The statement credit will reduce the Account balance, but does not count as a payment and thus does not reduce the minimum payment due. There are no refunds, exchanges, replacements or conversions for currency, credit, other cash back, except as otherwise noted. Determination and payment of tax liability is the sole responsibility of the Cardmember.
(b) Cash Back Rewards Expiration
The amount of Rewards that may accumulate for your Account is unlimited. Rewards accumulated do not expire, subject to certain conditions set forth herein.
(c) Program Rules
Complete terms and conditions for this rewards program, including rules regarding the redemption, expiration, loss or cancellation of Cash Back Rewards, award thresholds, eligibility, participation, and our right to amend or terminate this rewards program, are set forth in the Rewards Program Rules (the "Program Rules"), found within the online Rewards Center. The Program Rules will exclusively govern the rewards terms of this rewards program and, to the extent the Program Rules conflict with this Cardmember Agreement or any other materials, the Program Rules will control.
(d) Contact Us
You may generally redeem Cash Back Rewards as described in the Program Rules by visiting us online through the Rewards Center at usbank.com.