US Bank recently released a new business credit card called the US Bank Business Leverage Visa Signature. The card features 48 potential bonus categories of which card holders will earn 2x on two categories out of the 48. The card also features 1 extra point per dollar spent, up to 100,000 points in the first year, instead of a sign up bonus, so that is 3x on the bonus categories in the first year. The card charges an annual fee of $95, waived for the first year.
The way the bonus categories work on this card is that when card holders spend with the card, US Bank will automatically works out your two categories, out of the 48, with the highest spending and award you 2x points per dollar for that spend (3x per dollar in the first year). If you change your spending habits the next month, US Bank will automatically switch the bonus categories to whatever two categories from the 48 that you spent the most in.
In addition to earning bonus points in these 48 categories, US Bank Business Leverage card holders have the opportunity to earn up to 240,000 points or $2,880 in cash back per year for processing payments. Employee cards are free and there is no limit on how many you can apply for, each one also earns 1 extra point per dollar in the first year and has its own cap of 100,000 points in addition to the 100,000 point allowance on the main card. So you could for example potentially earn 3.3 million points for $1.1 million dollars worth of spending in the bonus categories across 10 employee cards and the main card. Points from the card can be redeemed for cash back or travel, gift cards, or merchandise. There are no transfer partners and the points are worth 1c a piece. Applications for the card are now live on US Bank's website.