U.S. Bank Launches the U.S. Bank Visa Signature® Company Credit Card
Medium to large businesses will benefit from more flexibility and control
MINNEAPOLIS -- October 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, Limited Liability
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:
*Credit line ranging from $25,000 to $250,000;
*Central billing and dedicated business account representatives for account
maintenance, issues and questions;
*EMV (“chip-card”) technology for better international acceptance;
*Complimentary Concierge Service;
*Visa Signature Luxury Hotel Collection and
*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
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
Teri Charest, U.S. Bank Public Relations
(612) 303-0732, firstname.lastname@example.org
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