IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the United States fight the funding of terrorism and money laundering activities, U.S. law requires U.S. Bancorp, like other financial institutions, to obtain, verify, and record information that identifies each customer that opens an account.
What this means for you: When you open an account with us, we will ask for your and/or your business's legal name, address, date of birth, tax identification number, and other identifying information that will assist us with identifying you and/or your business. We may also ask to see your photo identification (driver's license) or other identifying documents. For businesses, we may ask for copies of certified articles of incorporation, an unexpired government-issued business license, a partnership agreement, or other documents that indicate the existence and standing of the entity.
We may change APRs, fees, and other Account terms in the future based on your experience with U.S. Bank National Association and its affiliates as provided under the Cardmember Agreement and applicable law.
How We Apply Your Payments: When you make a payment, the amount up to your Minimum Payment is applied first to the monthly payment obligation for U.S. Bank ExtendPay® Plans and U.S. Bank ExtendPay® Loans if any, and then to non-Fixed Payment Program balances in the order of the lowest to highest APR. Any amount over your Minimum Payment is applied to non-Fixed Payment Program balances in the order of lowest to highest APR before applying to Fixed Payment Program balances.
| Interest Rates and Interest Charges | Prime Business World Elite Mastercard® and Amazon Business World Elite Mastercard® |
| Annual Percentage Rate (APR) for Purchases | 17.74% to 29.74% based on your creditworthiness when you open your account. This APR will vary with the market and is based on the Prime Rate. |
| APR for Balance Transfers | 17.74% to 29.74% based on your creditworthiness when you open your account. This APR will vary with the market and is based on the Prime Rate. |
| APR for Cash Advances | 29.99% |
| Penalty APR and When it Applies | 29.99% The Penalty APR may be applied to your Account if you:
How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, the Penalty APR will apply until you make 12 consecutive minimum payments when due. |
| Paying Interest | Your due date is 24 - 30 days after the close of each billing cycle. We will not charge you interest on new Purchases if you pay your entire balance, or Plan Adjusted Balance if you have any Fixed Payment Program balance(s), in full by the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date. |
| Minimum Interest Charge | If you are charged interest, the charge will be no less than $1. |
| Fees | Prime Business World Elite Mastercard® and Amazon Business World Elite Mastercard® |
| Annual Fee | |
|
Annual Membership Fee
|
None |
| Transaction Fees | |
|
Balance Transfer
|
Either 4% of the amount of each transfer or $5 minimum, whichever is greater. |
|
Convenience Check Cash Advance1
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Either 4% of the amount of each advance or $5 minimum, whichever is greater. |
|
Cash Advance ATM
|
Either 4% of the amount of each advance or $5 minimum, whichever is greater. |
|
Cash Advance
|
Either 4% of the amount of each advance or $5 minimum, whichever is greater. |
|
Cash Equivalent Advance
|
Either 4% of the amount of each advance or $5 minimum, whichever is greater. |
|
Overdraft Protection
|
None |
|
Foreign Transaction
|
None |
|
U.S. Bank ExtendPay® Fees
|
A monthly fee not to exceed 1.6% of the original principal amount in a U.S. Bank ExtendPay® Plan or U.S. Bank ExtendPay® Loan.2 This fixed fee is disclosed upon enrollment and charged each month that you owe the applicable ExtendPay balance. |
| Penalty Fees | |
|
Late Payment
|
$40 |
|
Returned Payment
|
$40 |
|
Overlimit
|
None |
How We Will Calculate Your Balance: We use a method called 'average daily balance (including new purchases)'. See your Cardmember Agreement for more details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Cardmember Agreement.
Loss of Introductory APR: The rate will end early and increase to the APR for purchases and Balance Transfers or to a Penalty Rate APR if you make a late payment or make a payment that is returned.
The information about the costs of the card described in this application is accurate as of 05/2026. This information may have changed after this date. To find out what may have changed, call us at 1-833-426-4690 (we accept relay calls) or write to us at P.O. Box 6319, Fargo, ND 58125-6319.
How Variable Interest Rates Are Determined: After the introductory period, your interest rate is a variable rate and is determined by a combination of the Prime Rate (which may vary) added to a margin (which does not change). Because the Prime Rate may vary, your variable interest rate will go up or down if the Prime Rate changes. If you are granted an Account, the following rates on the Account are variable: Non-Introductory Purchase Rate; Non-Introductory Balance Transfer Rate; Cash Advance Rate. More information is available in the Cardmember Agreement.
Fixed Payment Programs: From time to time we may offer to you the benefit of our Fixed Payment Programs, including ExtendPay® Plans and ExtendPay® Loans, which allow you to pay off balances in fixed monthly payments over time. See your Cardmember Agreement for more information.
Notice to Ohio Residents: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
Applicant Statement
Business Owner authorizes U.S. Bank National Association ("we", "us", or "our") to obtain a consumer credit report and a business credit report for use in assessing his/her personal creditworthiness in connection with an application by Company, of which Business Owner is an employee, principal, owner, partner, officer, or guarantor, for Prime Business World Elite Mastercard® or Amazon Business World Elite Mastercard®. We need such consumer reports because Business Owner may have direct, contingent, present, or future liability to us for the Company's obligation in connection with the Account. All applicants agree that, as long as the Account is open, we may obtain credit reports about the applicants from time to time. We reserve the right to consider the applicant for a lower line of credit if one was requested. This application must be signed by a Business Owner with authority to bind the Business to the terms of this Application Agreement. The Business Owner certifies that the execution, delivery and performance of this Application has been authorized by all necessary corporate action by the Business, and will provide evidence of such action upon request. If the Business is approved for the U.S. Bank Prime Business World Elite Mastercard® or Amazon Business World Elite Mastercard®, the Business Owner requests and directs us to open a Prime Business World Elite Mastercard® or Amazon Business World Elite Mastercard® ("Account") and to issue Prime Business World Elite Mastercard® ("Cards") to any individual Employees of the Business, including the Business Owner, designated by the Business Owner on this Application or its addendum, or by any process agreed to by us and the Business. The Business Owner and the Business shall be jointly and severally liable for all charges on the Account. Each applicant understands and agrees that we may increase or decrease the APR or credit limit assigned to the Account and/or to the Cards within the Account or close the Account at any time based on our credit guidelines, credit report information, Account history, or the financial circumstances of the Cardmember. At the time the Account is opened, individual Employees, including the Business Owner, will be issued Cards and a Prime Business World Elite Mastercard® or Amazon Business World Elite Mastercard® Cardmember Agreement governing individual use of the Account and individual Employee liability for charges to the Account. By providing us with a telephone number for a cellular phone or other wireless device, including a number that you later convert to a cellular number, you are expressly consenting to receiving communications—including but not limited to prerecorded or artificial voice message calls, text messages, and calls made by an automatic telephone dialing system—from us and our affiliates and agents at that number. This express consent applies to each such telephone number that you provide to us now or in the future and permits such calls for non-marketing purposes. Calls and messages may incur access fees from your cellular provider. Use of the Card or the Account will signify acceptance of the terms of the Cardmember Agreement, which may be amended from time to time. All applicants must be at least 18 years old and agree that Accounts will be used primarily for business purposes, and not personal, family, or household purposes. Information from this Application may be shared with our affiliates. Cash access is subject to credit approval. You certify that to the best of your knowledge, the information provided about yourself, the name and address provided for the legal entity customer, and the information provided about the beneficial owner(s) and/or the individual with control over the legal entity customer is complete and correct.
Authorization for the Social Security Administration to Disclose Your Social Security Number Verification: You authorize the Social Security Administration (SSA) to verify and disclose to U.S. Bank National Association through Early Warning Services, LLC or Socure Inc., their service provider for the purpose of this Application, whether the name, Social Security Number (SSN) and date of birth you have submitted matches information in SSA records, including the basis for a no-match response. Your consent is for a one-time validation within the next 90 days.
By selecting the Confirm & submit button, you are signing the consent for SSA to disclose your SSN Verification to U.S. Bank National Association and Early Warning Services, LLC or Socure Inc. You agree that your electronic signature has the same legal meaning, validity, and effect as your handwritten signature.
Balance Transfer Information: Balance transfer transactions from other U.S. Bank National Association accounts are not permitted. Balance transfers submitted at time of application will be held for 10 days before processing.
The amount of Rewards that will be awarded will vary depending upon whether the Business Owner has an Amazon Prime membership, as described below.
If the Business Owner has an Amazon Prime membership and has the Prime Business Card, you will earn the following "Rewards":
If the Business Owner does not have an Amazon Prime membership and has the Amazon Business Card, you will earn the following "Rewards":
"Amazon-covered Sites" means Amazon.com, Amazon Business, Whole Foods Market and Amazon Web Services. Purchases made at Amazon sites that operate outside of the United States are not covered sites and therefore not eligible for accelerated Rewards.
Rewards are earned on eligible Net Purchases. Net Purchases are Purchases minus credits and returns. Not all transactions are considered to be Purchases and eligible to earn Rewards, such as transactions posting as Convenience Checks; Balance Transfers; Advances (including ATM withdrawals, wire transfers, traveler's checks, money orders, foreign cash transactions, betting transactions, and lottery tickets); interest charges and fees; credit insurance premiums; and transactions to (i) fund certain prepaid card products, (ii) buy currency from the U.S. Mint, or (iii) buy cash convertible items. Please refer to your Cardmember Agreement for additional information. Account must be open and in good standing (not past due or overlimit) on the closing date of the billing cycle to earn and redeem rewards and benefits. Each merchant’s business is identified by a category code. A Purchase will not earn additional Rewards if the category code applied to a merchant is in a category that is not eligible for additional Rewards earning. We do not determine the category codes applied to merchants’ businesses and reserve the right to determine which Purchases qualify for additional Rewards. Rewards for prepaid travel are deposited into the reward account after the Purchase has been processed for the prepaid travel reservation. Please allow 1-2 statement billing cycles for your earned Rewards to appear on your credit card billing statement.
When you use your Prime Business World Elite Mastercard® card or Amazon Business World Elite Mastercard® card for Net Purchases at certain eligible Amazon properties, you may have the option at the time of checkout to either (1) earn Rewards on your Purchase, or (2) create a U.S. Bank ExtendPay® plan for your Purchase. ExtendPay plans allow you to pay for the designated Purchase interest-free over a period of time as part of your monthly payment due on your credit card.
If you choose to create an ExtendPay plan at the checkout, you will not earn Rewards for that Purchase. The options for the length of your ExtendPay plan and applicable monthly payment amount are made available at checkout. ExtendPay plans at the checkout may not be available for Purchases from Whole Foods Market and Amazon-branded physical store locations. When an ExtendPay Plan is not offered, you will earn Rewards for the Purchase.
If you create an ExtendPay plan at the checkout, you will not pay ExtendPay Fees. If you chose not to create an ExtendPay plan at the checkout, you may create an ExtendPay plan at a later date, as allowed by U.S. Bank, and ExtendPay Fees will apply. U.S. Bank is responsible for the creation of and administration of ExtendPay plans.
In addition to this Agreement, there is also relevant Account disclosures on your Card Carrier. If you sign up for or cancel your Amazon Prime membership after this Account was opened, the terms of this Cardmember Agreement will continue to apply to your Account, however, the Card reward program will change, as described in the Program Rules. You may contact us at any time to obtain an updated Cardmember Agreement. Amazon, Amazon.com and all related logos are trademarks of Amazon.com, Inc. or its affiliates.
Amazon Day Delivery: This is a shipping offer related to your Prime membership; it is not a discount on items purchased. Offer is available only to Amazon.com customers with an eligible Prime membership and the Prime Business World Elite Mastercard® in the United States. Offer is inclusive of the standard % back offered on Amazon.com purchases with an eligible Prime membership. e.g., Prime Business World Elite Mastercard® cardholders with an eligible Prime membership earn 5% back at Amazon.com, plus an additional 1% back or more when they select Amazon Day Delivery at checkout, bringing the total rewards on such purchases to 6% back or more. Offer only applies to products shipped by Amazon. Offer is not eligible for the purchase of software subscriptions, gift cards, digital video games or memberships. If you cancel your Amazon Day Delivery order or change the shipping speed, the offer will not apply to your purchase. Offer is nontransferable, not redeemable for cash, and may not be resold. Offer may not be combined with other offers. Amazon may cancel or modify this offer at any time in its sole discretion.
The creditor and issuer of this credit card is U.S. Bank National Association, pursuant to a license from Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is trademark of Mastercard International Incorporated.