US Bank Business Edge Select Approved

[trumpet-205]

So some of you may remembered couple weeks ago I made a thread saying that 2014 is my year and that I won't be looking for new TL for the rest of 2014. Well I ended up applying another CC, US Bank Business Edge Select. I did it because Chase decided to take its sweet time to ship my Ink Visa replacement card (MC converted to Visa), leaving me with no active business CC on hand for close to 3 weeks. Had I not call Chase and tell them to rush the card, they were planning to ship it sometime before June.

Card in question: https://www.usbank.com/small-business/credit-cards/business-edge-select-rewards.html

Long story short, instantly approved for $12K. This is shocking because:

---> Highest CL I have to date, my second highest is Freedom at $7.9K

---> Instantly approved, no wait message or the need to recon.

---> My Chase Ink required me to recon twice, for a CL of $3K

This makes me wonder if US Bank is a competent competitor against AMEX and Chase for Business CC.

[myjourney]

Congrats on the new card 

Wow 3 weeks for a replacement card is unreal 

[trumpet-205]

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@myjourney wrote:

Congrats on the new card 

Wow 3 weeks for a replacement card is unreal 

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Tell me about it. I'm still waiting on them to ship my debit card replacement.

[CreditUnionFan]

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@trumpet-205 wrote:

Card in question: https://www.usbank.com/small-business/credit-cards/business-edge-select-rewards.html

Long story short, instantly approved for $12K. This is shocking because:

---> Highest CL I have to date, my second highest is Freedom at $7.9K

---> Instantly approved, no wait message or the need to recon.

---> My Chase Ink required me to recon twice, for a CL of $3K

This makes me wonder if US Bank is a competent competitor against AMEX and Chase for Business CC.

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This makes me wonder if I should try to apply for their business card, since I have AmEx and Chase Biz cards for my sole-proprietor business, but had to form a second LLC business, so really should start building the LLC's credit rating.

[trumpet-205]

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@CreditUnionFan wrote:

This makes me wonder if I should try to apply for their business card, since I have AmEx and Chase Biz cards for my sole-proprietor business, but had to form a second LLC business, so really should start building the LLC's credit rating.

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They have wide range of business CCs. I picked Select because it has a sign up bonus and covers more categories for bonus rewards. I applied as sole proprietor so I can't tell if the same approval experiences applies to LLC.

They even have a charge card for small business. Very subpar reward, but no AF: https://www.usbank.com/small-business/charge-cards/business-edge-charge-card.html

[gdale6]

Grats on your US Bank BES card

Ridiculous that Chase did that, pretty poor showing.

[Anonymous]

Congrats! Thanks for the info. Did not know they had this card.

[CreditUnionFan]

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@trumpet-205 wrote:

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@CreditUnionFan wrote:

This makes me wonder if I should try to apply for their business card, since I have AmEx and Chase Biz cards for my sole-proprietor business, but had to form a second LLC business, so really should start building the LLC's credit rating.

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They have wide range of business CCs. I picked Select because it has a sign up bonus and covers more categories for bonus rewards. I applied as sole proprietor so I can't tell if the same approval experiences applies to LLC.

They even have a charge card for small business. Very subpar reward, but no AF: https://www.usbank.com/small-business/charge-cards/business-edge-charge-card.html

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I looked at that charge card - very subpar rewards. I've seen a few CU Business cards, but the rewards never looked great.

The BES looks like a great card; Congrats!

[trumpet-205]

UPDATE

Haven't got the card yet, but it already showed up under my online account. Kudos to US Bank for adding it in automatically.

Now here comes the bad news, after looking into reward center each point is worth less than 1 cent.

* It takes 12,500 points to redeem a $100 store/VISA gift card

* It takes 14,926 points to redeem a $100 statement credit.

So each point values from 0.67 cent to 0.8 cent. Couple that with 3X bonus points on selected categories, you are looking at 2.01% to 2.4% return.