Business Essentials Plus
US Bank$295 a yearVisa SignatureNo foreign transaction feeIssuer's page
A fair time to apply if the card fits how you spend.
Already have it? Keep it if what you use each year covers the fee.
Welcome bonus
$1,000
after $15,000 in purchases in the first 5 months
Open Card Requirement, 5/12 Rule. Am I eligible?
A typical spender, at Miles' point values.
| First-year value | Amount |
|---|---|
| Welcome bonus$1,000 cash | $1,000 |
| Rewards above a 2% no-fee cardvs Double Cash, on $32,500 typical spend | +$108 |
| Annual fee | −$295 |
| Meeting the $15,000 minimumearns 2% here, the same as Double Cash | $0 |
| First year | $813 |
| Each year after | −$187 |
Earning
| Rate | Category | Return |
|---|---|---|
| 5% | Top eligible spending category each monthup to $200,000 a year, then 2% | 5% |
| 10% | Prepaid hotels and car rentals booked through the US Bank Travel Center | 10% |
| 2.5% | All purchases with $15,000-$74,999 in qualifying balances in a qualified business checking account | 2.5% |
| 3% | All purchases with $75,000-$149,999 in qualifying balances in a qualified business checking account | 3% |
| 2% | Everything else | 2% |
+ 1 more rate
| Rate | Category | Return |
|---|---|---|
| 3.5% | All purchases with $150,000 or more in qualifying balances in a qualified business checking account | 3.5% |
Business card · Earns Cash Back
Sources and methodology
First-year value is Miles' estimate for a typical spender: the welcome bonus at Miles' point values, plus the rewards this card earns above the best no-annual-fee card's everyday rate on a typical year of spending, plus credits at the share a typical holder uses rather than their face value, plus any certificate or free night earned in that year, minus the first-year fee and the cost of putting the minimum spend on this card instead of that one.
Lounge access, elite status, other benefits, purchase and travel protections, and a certificate or free night that arrives on the card's anniversary are listed beside the first-year figure, not in it. Each year after counts them, with the rewards and credits, less the annual fee. A credit or benefit that needs a spend or a stay counts only where its condition is printed beside it, and credits gated on spend most people never reach are left out.
The fee, offer, earning rates, credits and protections come from the card's record in the Miles dataset, kept against the issuer's own terms. The verdict line is chosen from a fixed set of sentences by Miles' analysis of the offer and the card; nothing on this page is written by hand for one card.
Recent changes
- changed from null to credit_lineOct 11, 2026
- changed from null to US Bank Business EssentialsOct 8, 2026
- addedSep 30, 2026