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.
\nWhat 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.
\nWe 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 Shield Card |
| Annual Percentage Rate (APR) for Purchases | 0% introductory APR for the first 12 billing cycles. After that,16.24% to 25.24% based on your creditworthiness when you open your account.\n\nThis APR will vary with the market and is based on the Prime Rate. |
| APR for Balance Transfers | 0% introductory APR for the first 12 billing cycles for balances transferred within 30 days from account opening. After that,16.24% to 25.24% based on your creditworthiness when you open your account.\n\nThis APR will vary with the market and is based on the Prime Rate. |
| APR for Cash Advances | 30.49%\n\nThis 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. |
| 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 Shield Card |
| Annual Fee | |
| None |
| Transaction Fees | |
| Either 5% of the amount of each transfer or $5 minimum, whichever is greater. |
| Either 5% of the amount of each advance or $5 minimum, whichever is greater. |
| Either 5% of the amount of each advance or $10 minimum, whichever is greater. |
| Either 5% of the amount of each advance or $10 minimum, whichever is greater. |
| Either 5% of the amount of each advance or $10 minimum, whichever is greater. |
| None |
| 3% of each foreign transaction |
| 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 | |
| $41 |
| $40 |
| $39 |
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 Shield™ Visa® 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 Shield™ Visa® Card, the Business Owner requests and directs us to open a U.S. Bank Business Shield™ Visa® Card (\"Account\") and to issue U.S. Bank Business Shield™ Visa® 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 Shield™ Visa® 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.
By selecting the Confirm & submit button, you are signing the consent for SSA to disclose your SSN Verification to U.S. Bank National Association and Early Warning Services, LLC or Socure Inc. You agree that your electronic signature has the same legal meaning, validity, and effect as your handwritten signature.
\nBalance Transfer Information: Balance transfer transactions from other U.S. Bank National Association accounts are not permitted. Balance transfers submitted at time of application will be held for 10 days before processing.
Rewards are earned on eligible Net Purchases. Net Purchases are purchases minus credits and returns. Not all transactions are considered to be Purchases and eligible to earn rewards, such as transactions posting as Convenience Checks; Balance Transfers; Advances (including ATM withdrawals, wire transfers, traveler's checks, money orders, foreign cash transactions, betting transactions, and lottery tickets); interest charges and fees; credit insurance premiums; and transactions to (i) fund certain prepaid card products, (ii) buy currency from the U.S. Mint, or (iii) buy cash convertible items. Each merchant’s business is identified by a category code established by Visa. A Purchase will not earn additional rewards if the category code applied to a merchant is in a category that is not eligible for additional rewards earning. We do not determine the category codes applied to merchants’ businesses and reserve the right to determine which Purchases qualify for additional rewards. Please refer to your Cardmember Agreement for additional information. Account must be open and in good standing (not past due or overlimit) to earn and redeem rewards and benefits. Subject to applicable law, you may not redeem rewards, and you will immediately lose all of your rewards if your Account is closed to future transactions (including, but not limited to, Program misuse, failure to pay, bankruptcy, or death).
\nYou will earn 5% Cash Rewards for every $1 spent in eligible Net Purchases on prepaid airfare, car rentals, attractions, and hotel reservations made via the Purchase Travel Link in the Rewards Center when using your U.S. Bank Business Shield™ Visa® Card. Please allow 1-2 statement billing cycles for Cash Rewards to appear on your credit card statement.
\nIn order to be eligible to receive an annual $50 statement credit, you must use your U.S. Bank Business Shield™ Visa® Card to make at least $5,000 in total qualified Purchased Travel that is posted to your Account within each 12-month period using the Purchase Travel Link in the Rewards Center. The annual period starts on the date the Account is opened and starts over on the anniversary of your Account opening date. The date that a transaction is made may not be the same date that a transaction posts to your Account, and we cannot control when a merchant submits a transaction to be posted to your Account. Please allow 1-2 statement billing cycles for your $50 statement credit to appear on your credit card statement. The Account must be open in order to receive the credit. We reserve the right to adjust or reverse any portion or all of any travel statement credit for unauthorized purchases or transaction credits.
\nCash Rewards will expire if there is no reward, purchase, or balance activity on your account for 12 consecutive statement cycles.
\nMaximum Cash Rewards value applies to Cash Rewards redeemed as a deposit into an eligible U.S. Bank Account. The redemption value may be different if you choose to redeem your Cash Rewards for other rewards. Other restrictions apply. Establishment or ownership of a U.S. Bank Account or other relationship with U.S. Bank is not required to obtain a card or to be eligible to use Cash Rewards to obtain any rewards offered under the program. Minimum redemption amounts may vary and are subject to change without notice.