Medium to large businesses will benefit from
more flexibility and control
MINNEAPOLIS--(BUSINESS WIRE)--Oct. 28, 2013--
U.S. Bank has introduced the U.S. Bank Visa Signature® Company Credit
Card designed for companies with $1 million to $10 million in annual
revenues. Unlike other business cards, no personal guarantor is required
since the company is solely liable for all purchases.
“We are excited to offer this to our established small business
clients,” said Cathi Stanton, senior vice president for U.S. Bank Retail
Payment Solutions. “We conducted a pilot earlier this year and received
positive feedback from businesses. This card is a great addition to our
suite of small business products. The Company Card is unique in that the
card is underwritten on the company’s credit history and financial
strength, rather than the authorized officer’s personal credit.”
The Company Card requires that the company be a Corporation, LimitedLiability Corporation or Limited Liability Partnership and net income of
the company must be $350,000 for two consecutive years.
Benefits of the Company Card include:
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Credit line ranging from $25,000 to $250,000;
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Central billing and dedicated business account representatives for
account maintenance, issues and questions;
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EMV (“chip-card”) technology for better international acceptance;
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Complimentary Concierge Service;
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Visa Signature Luxury Hotel Collection and
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The ability to earn 1% cash rewards on all net purchases.
The U.S. Bank Visa Signature Company Card is now available in U.S. Bank
branches.
About U.S. Bank
U.S. Bancorp (NYSE:USB), with $361 billion
in assets as of September 30, 2013, is the parent company of U.S. Bank,
the fifth-largest commercial bank in the United States. The company
operates 3,088 banking offices in 25 states and 4,937 ATMs. The bank
provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
Source: U.S. Bancorp
Teri Charest, U.S. Bank Public Relations
(612) 303-0732, teri.charest@usbank.com