US Bank Retail Payment Solutions chief marketing officer Cliff Cook said the new US Bank Business Visa Charge Card is a great addition to the company’s suite of small business products.
"We developed a payment solution that offers many of the benefits of both debit and credit – all in one card, while also rewarding owners for their purchases," Cook added.
The latest Visa Charge Card offers several benefits, which include no interest charges or revolving balances as customers pay in full every month, ability to build a business credit profile, and minimum 25-day monthly grace period for owners to pay their bill.
The US Bank Business Visa Charge Card is now available at all US Bank branches and online at usbank.com/charge card.
Anticipating huge opportunity with small businesses, US bank has increased its lending to small businesses and launched a website for small business owners dubbed as "Connect" with tools and insights for small business owners who are at any stage of the business life cycle, from start up to retirement.
US Bancorp, with $353bn in assets as of 30 June 2012, is the parent company of US Bank National Association, which manages 3,080 banking offices in 25 states and 5,085 ATMs.
It offers banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.
