Finance4U

U.S. Bank Business Altitude™ Power World Elite Mastercard Review for 2024


Published February 21, 2024

Published Feb 21, 2024

U.S. Bank Business Altitude™ Power World Elite Mastercard® is U.S. Bank’s newest business credit card that offers up to 6x points after meeting spending conditions. It does not charge any foreign transaction fees, and there is no cap on the amount of points rewards you can earn. However, it does not offer a 0% introductory period on purchases and balance transfers and charges an annual fee of $195.

If you wish to compare one credit card over another, select a maximum of three cards on this page and click Add to Compare to view the details in a side-by-side comparison.

U.S. Bank Business Altitude™ Power World Elite Mastercard®



Apply Now

on U.S. Bank Business Altitude™ Power World Elite Mastercard®’s secure website.

Regular APR

20.24%-28.24% (Variable)

Credit Needed

Excellent/Good Credit

  • Introducing the U.S. Bank Business Altitude™ Power World Elite Mastercard®, the business credit card that earns you 2X limitless points on purchases that power your business.
  • Limited Time Offer: Earn 75,000 bonus points, worth $750, if you spend $10,000 on the Account Owner’s card in the first 120 days from account opening.
  • Earn 6X points on prepaid hotels and car rentals booked directly in the Rewards Center.
  • Earn 2X points on all purchases.
  • Earn 2.5X points on up to $5,000 in mobile wallet purchases each quarter.
  • No caps or expiration on total rewards earned.
  • No foreign transaction fees when making purchases outside of the United States.
  • $195 annual fee.
  • Points transfer between business and consumer U.S. Bank Altitude products (excluding Reserve).
  • Divide large purchases into fixed monthly payments with U.S. Bank ExtendPay® Plan.
  • Great Offer from U.S. Bank, a 2023 World’s Most Ethical Company® – Ethisphere Institute, March 2023.
  • Terms and conditions apply.
Pros
  • No foreign transaction fee
  • Pay over time through ExtendPay® Plan
  • High welcome bonus
Cons
  • No 0% APR option
  • No $0 annual fee period
  • Free employee cards
  • Consolidated statements and detailed spending analysis
  • Transfer points between personal and business U.S. Bank Altitude cards
Regular APR

20.24%-28.24% (Variable)

Credit Needed

Excellent/Good Credit

  • Introducing the U.S. Bank Business Altitude™ Power World Elite Mastercard®, the business credit card that earns you 2X limitless points on purchases that power your business.
  • Limited Time Offer: Earn 75,000 bonus points, worth $750, if you spend $10,000 on the Account Owner’s card in the first 120 days from account opening.
  • Earn 6X points on prepaid hotels and car rentals booked directly in the Rewards Center.
  • Earn 2X points on all purchases.
  • Earn 2.5X points on up to $5,000 in mobile wallet purchases each quarter.
  • No caps or expiration on total rewards earned.
  • No foreign transaction fees when making purchases outside of the United States.
  • $195 annual fee.
  • Points transfer between business and consumer U.S. Bank Altitude products (excluding Reserve).
  • Divide large purchases into fixed monthly payments with U.S. Bank ExtendPay® Plan.
  • Great Offer from U.S. Bank, a 2023 World’s Most Ethical Company® – Ethisphere Institute, March 2023.
  • Terms and conditions apply.
Pros
  • No foreign transaction fee
  • Pay over time through ExtendPay® Plan
  • High welcome bonus
Cons
  • No 0% APR option
  • No $0 annual fee period
  • Free employee cards
  • Consolidated statements and detailed spending analysis
  • Transfer points between personal and business U.S. Bank Altitude cards


When evaluating points rewards business credit cards like the U.S. Bank Business Altitude™ Power World Elite Mastercard®, we first weigh the ongoing and introductory rewards. We also take the following into account: annual fee, introductory and ongoing annual percentage rates (APRs), and additional card features.


Who the U.S. Bank Business Altitude™ Power World Elite Mastercard® Is Best For

  • Those who make online purchases frequently: It offers 2.5x points for the first $5,000 in mobile wallet purchases each quarter.
  • Those with existing Altitude credit cards: It lets you transfer points between your business and personal Altitude credit cards, making it easier to manage earned rewards.

See our recommended alternatives if the card doesn’t fit your business needs.

U.S. Bank Business Altitude™ Power World Elite Mastercard® Rewards

  • 75,000 bonus points after spending $10,000 within the first 120 days from the date of account opening
  • 6x points on hotels and rental cars booked through the Rewards Center
  • 2.5x points on up to $5,000 in mobile wallet





    Mobile wallet is defined as the method of paying for a transaction via a mobile device (in-store, in-app, or online). This includes Apple Pay, Samsung Pay, and Google Pay.
    purchases each quarter
  • 2x points on all purchases

U.S. Bank Business Altitude™ Power World Elite Mastercard® Calculator

Find out how much you can earn from the U.S. Bank Business Altitude™ Power World Elite Mastercard® based on your estimated monthly expenses. Our rewards calculator computes your potential rewards, so enter your expected monthly spending, and our calculator will do the rest.

Note that each point is valued at 1 cent when redeeming in the Rewards Center.

How To Redeem U.S. Bank Business Altitude™ Power World Elite Mastercard® Rewards

Earned points can be redeemed toward merchandise, gift cards, cash back, travel, and more. If you choose cash back, this can be in the form of either a statement credit or a deposit to a U.S. Bank checking or savings account.

There is no cap on the number of points you can earn. Also, earned points will never expire.

U.S. Bank Business Altitude™ Power World Elite Mastercard® Features

  • Pay over time: Divide eligible purchases into manageable monthly payments through U.S. Bank’s ExtendPay® plan
  • Transfer points to any Altitude card: Transfer your earned points to either the Business Altitude™ Connect Card, the Altitude® Go Card, or the Altitude® Connect Card. Note that certain conditions and restrictions may apply.

U.S. Bank Business Altitude™ Power World Elite Mastercard® Fees

APRs

  • Introductory: None
  • Ongoing and balance transfers: 20.24% to 28.24% variable, which adjusts with the prime rate
  • Cash advance: 29.99% variable, which adjusts with the prime rate
  • Penalty: 32.49% variable, which adjusts with the prime rate. Note that this will be applied if you:
    • Made payments five calendar days late twice or 30 calendar days late once;
    • Made a returned payment, or;
    • Exceeded your credit limit twice in 12 consecutive months

Fees

  • Annual: $195
  • Balance transfer and convenience check cash advance: Either 3% of the amount of each transfer/advance or $5 minimum, whichever is greater
  • Cash advance ATM, cash advance, and cash equivalent advance: Either 5% of the amount of each advance or $10 minimum, whichever is greater
  • Overdraft protection and foreign transaction: None
  • U.S. Bank ExtendPay®: A monthly fee not exceeding 1.6% of the original principal amount in a U.S. Bank ExtendPay® Plan or U.S. Bank ExtendPay® Loan.
  • Late, returned, and overlimit: $40

Your due date is 24–30 days after the close of each billing cycle.


  • In-person: To find a U.S. Bank ATM or branch location near you, visit usbank.com.
  • Online: Make payments electronically via autopay or a one-time payment through the U.S. Bank website.
  • Mobile app: Pay your credit card bills through the U.S. Bank Mobile App.
  • Phone: Call the number found on the back of your card or call (866) 485-4545.
  • Mail: Send your check or money order through regular mail or overnight delivery:

Regular mail:
Cardmember Service
PO Box 790408
St. Louis, MO 63179-0408

Overnight delivery:
Cardmember Service ATTN: 790408
3180 Rider Trail S.
Earth City, MO 63045-1518


U.S. Bank Business Altitude™ Power World Elite Mastercard® Alternatives

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®






Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.

0% APR for 15 billing cycles



Apply Now

On US Bank’s Secure Website

Regular APR

19.24% – 28.24% (Variable)

Credit Needed

Excellent/Good

  • Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
  • Earn $500 in cash back. Just spend $4500 on the Account Owner’s card in the first 150 days of opening your account.
  • Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
  • 1% cash back on all other eligible net purchases.
  • Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
  • No limit on total cash back earned.
  • Rewards never expire.
  • Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
  • 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% – 28.24%.
  • No annual fee.
  • Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022
  • Terms and conditions apply
  • Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
  • 0% APR applies to both purchases and balance transfers
  • Unlimited cash back rewards
  • No annual fee
Cons
  • Balance transfer fee is charged even during the introductory period
  • Intro APR doesn’t apply to cash advances
  • MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
  • Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
  • Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Regular APR

19.24% – 28.24% (Variable)

Credit Needed

Excellent/Good

  • Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
  • Earn $500 in cash back. Just spend $4500 on the Account Owner’s card in the first 150 days of opening your account.
  • Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
  • 1% cash back on all other eligible net purchases.
  • Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
  • No limit on total cash back earned.
  • Rewards never expire.
  • Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
  • 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% – 28.24%.
  • No annual fee.
  • Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022
  • Terms and conditions apply
  • Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
  • 0% APR applies to both purchases and balance transfers
  • Unlimited cash back rewards
  • No annual fee
Cons
  • Balance transfer fee is charged even during the introductory period
  • Intro APR doesn’t apply to cash advances
  • MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
  • Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
  • Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.

Who Should Consider the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

  • You need an alternative U.S. Bank business credit card: This card offers a 0% introductory period on both purchases and balance transfers for the first 15 billing cycles.

Other Benefits

  • Secure $500 in cash back after spending $4,500 in eligible net purchases within the first 150 days from the date of account opening
  • Earn up to 5% cash back on selected spending categories
  • Receive a $100 statement credit for any recurring software subscription expense, such as FreshBooks or QuickBooks

American Express Blue Business® Plus

The Blue Business® Plus Credit Card from American Express






Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.

Pocketing 2x points per $1 and 0% introductory APR for 12 months



Apply Now

on The Blue Business® Plus Credit Card from American Express’s secure website.

Intro APR

0% on purchases

Regular APR

18.49% – 26.49% Variable

Credit Needed

Good, Excellent

  • Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% – 26.49%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
  • Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
  • You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors.
  • No Annual Fee
  • Terms Apply
Pros
  • $0 annual fee
  • 0% APR for 12 months on purchases and balance transfer
  • Welcome offer bonus points
  • Expanded buying power
  • Fixed-rate rewards
Cons
  • Cash advances aren’t allowed
  • Charges foreign transaction fees
  • 2x points rewards are capped at $50,000 in spending
  • Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
  • Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
  • Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.
Intro APR

0% on purchases

Regular APR

18.49% – 26.49% Variable

Credit Needed

Good, Excellent

  • Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% – 26.49%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
  • Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
  • You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors.
  • No Annual Fee
  • Terms Apply
Pros
  • $0 annual fee
  • 0% APR for 12 months on purchases and balance transfer
  • Welcome offer bonus points
  • Expanded buying power
  • Fixed-rate rewards
Cons
  • Cash advances aren’t allowed
  • Charges foreign transaction fees
  • 2x points rewards are capped at $50,000 in spending
  • Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
  • Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
  • Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.

Who Should Consider the American Express Blue Business® Plus

  • You wish to spend beyond your credit limit: It offers expanded buying power, which allows you to spend beyond your credit limit after meeting certain criteria.
  • You want an alternative points rewards business credit card: It lets you earn 2x points on the first $50,000 purchases, then 1x points after the cap is met.

Other Benefits

  • Receive 15,000 Membership Rewards® points after spending $3,000 in purchases within the first 3 months from the date of account opening
  • Take advantage of its 0% introductory period on purchases for the first 12 billing cycles
  • Issue employee cards at no additional cost

Bank of America® Business Advantage Customized Cash Rewards

Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card






Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.

Those who want to earn 3% cash back in a spending category of their choice



Apply Now

on Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card’s secure website.

Intro APR

0%
9 billing cycles

Regular APR

18.49% – 28.49% Variable APR on purchases

  • Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
  • Earn 3% cash back in the category of your choice: gas stations & EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
  • You’ll earn 3% cash back on purchases in the category of your choice and 2% cash back on dining purchases on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
  • You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for Preferred Rewards for Business Platinum Honors tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
  • No annual fee.
  • Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire as long as your account remains open.
  • To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
  • 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that’s currently 18.49% to 28.49% will apply.
  • Contactless Cards – The security of a chip card, with the convenience of a tap.
  • This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
  • Offers flexible redemption options
  • Doesn’t charge annual fees
  • With sign-up bonus
Cons
  • Premium cash back rewards are capped on a selected spending category
  • Charges foreign transaction fees
  • Short introductory APR period
  • Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
  • Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
  • Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
Intro APR

0%
9 billing cycles

Regular APR

18.49% – 28.49% Variable APR on purchases

  • Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
  • Earn 3% cash back in the category of your choice: gas stations & EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
  • You’ll earn 3% cash back on purchases in the category of your choice and 2% cash back on dining purchases on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
  • You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for Preferred Rewards for Business Platinum Honors tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
  • No annual fee.
  • Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire as long as your account remains open.
  • To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
  • 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that’s currently 18.49% to 28.49% will apply.
  • Contactless Cards – The security of a chip card, with the convenience of a tap.
  • This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
  • Offers flexible redemption options
  • Doesn’t charge annual fees
  • With sign-up bonus
Cons
  • Premium cash back rewards are capped on a selected spending category
  • Charges foreign transaction fees
  • Short introductory APR period
  • Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
  • Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
  • Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.

Who Should Consider the Bank of America® Business Advantage Customized Cash Rewards

  • You prefer earning rewards on your chosen spending category: Aside from the 2% cash back on dining purchases, you can earn 3% cash back on the category of your choice for the first $50,000 in combined choice category/dining purchases per calendar year, then 1% cash back after the cap is met.

Other Benefits

  • Get a $300 online statement credit after spending at least $3,000 in purchases within the first 90 days from the date of account opening
  • Benefit from the 0% introductory offer on purchases for the first nine billing cycles
  • Earn up to 75% more cash back on every purchase through the Bank of America’s Preferred Rewards for Business
  • Enjoy $0 annual fees

Frequently Asked Questions (FAQs)


You will know you are eligible for an ExtendPay® Plan if you:

  1. Received a notification via email.
  2. Saw the ExtendPay Plan options online when viewing your card account.

Note that the purchases eligible for an ExtendPay Plan are purchases that are made within 60 days before signing up for ExtendPay, over $100, and less than the purchase balance when signing up for ExtendPay.



Apart from personal information—such as your name, address, date of birth, Social Security number/tax identification number (TIN), and personal income—you will need to provide the following information:

  • Business structure
  • Legal business name
  • Employer identification number (EIN) for corporations, partnerships, and LLCs; Social Security number for sole proprietors
  • Year business started
  • Business physical mailing address
  • Business gross annual revenue
  • Industry type


Yes, your U.S. Bank Business Altitude™ Power World Elite Mastercard® is eligible to use at U.S. Bank’s Rewards Center Shopping Deals, which is the easiest way to earn additional points when you shop online at more than 1,100 stores.

To use the Shopping Deals for your U.S. Bank Business Altitude™ Power World Elite Mastercard®, simply log in at usbank.com and click on Shopping Deals in the Rewards Center.


Bottom Line

U.S. Bank Business Altitude™ Power World Elite Mastercard® is an excellent business credit card for those who shop online frequently and have active Altitude business and personal credit cards. It lets you earn up to 6x points on selected spending categories and divide eligible purchases into manageable monthly payments through its ExtendPay Plan. Note that other business credit cards offer a 0% introductory period on purchases and balance transfers and will charge $0 annual fees.

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