U.S. Bank has launched a new business credit card called ‘U.S. Bank Business Altitude™ Power World Elite Mastercard’. The card is only available for sign up in branch currently, but there is an overview online found here. Details of the card are as follows:
- $195 annual fee
- Sign up bonus of 75,000 points after $10,000 in spend within the first 90 days
- Card earns at the following rates:
- 2.5x points on all mobile wallet purchases (limited to first $5,000 each quarter)
- 2x points on all other purchases
Apparently the card was created due to the Union Bank acquisition in order to product change those cardholders over. Overall the card doesn’t seem interesting or useful apart from the sign up bonus.