If you’re looking for a flexible and rewarding cashback credit card, the US Bank Cash+ Card is a top choice. This card stands out with its customizable rewards program and no annual fee, making it a favorite among cashback enthusiasts.
With the US Bank Cash+ Card, you pick your own 5% cashback categories every quarter, so you can earn more where you spend the most. There’s also a 2% cashback option for everyday purchases like groceries or gas, while all other purchases earn 1% cashback automatically.
Moreover, new cardholders can earn a $200 bonus after meeting the initial spending requirement, which is a neat perk. Plus, enjoy a 0% introductory APR for the first 15 billing cycles, making it easier to manage your balance or pay off larger purchases.
Additionally, redeeming your rewards is simple and flexible—you can choose a statement credit or direct deposit!
Designed for people with good to excellent credit, the US Bank Cash+ Card puts you in charge of your rewards. If you want to maximize your cashback and enjoy flexible redemption options, this card is definitely worth considering.
How does the US Bank Cash+ Visa Signature Card work?
The US Bank Cash+ Card takes a unique approach to earning cash back, giving you more control over your rewards. Each quarter, you simply activate your chosen bonus categories—either through the website or through the mobile app. If you don’t select your categories, you’ll still earn 1% cash back on all purchases by default.
One of the card’s standout features is the Rewards Center, where you can earn even more cash back. By shopping with over 1,100 online merchants through the Shopping Deals portal or browser extension, you can earn up to 5% total cash back. It’s an easy way to boost your rewards on everyday online purchases.
Redeeming your cash back is just as flexible. You can choose to receive your rewards as a statement credit, a rewards card, or a direct deposit—whichever works best for you. Plus, there’s no minimum redemption amount for most options, so you can access your cash back whenever you want.
The US Bank Cash+ Card also features Real-Time Rewards, allowing you to instantly redeem cash back for recent purchases right from your mobile device. This makes it easy to use your rewards on the go.
Designed for people with good to excellent credit, the US Bank Cash+ Card is perfect for anyone who wants to take charge of their rewards. With special perks for travel and online shopping, this card is a great choice for maximizing your cashback.
What are the main advantages of the US Bank Cash+ Visa Signature Card?
- Customizable 5% Cash Back Categories: Choose two categories each quarter to earn 5% cash back, allowing you to tailor your rewards to your spending habits—options include fast food, home utilities, streaming services, and more.
- 2% Cash Back on Everyday Purchases: Select one everyday category (such as grocery stores, gas stations, or restaurants) to earn 2% cash back, helping you maximize rewards on your most frequent purchases.
- Generous Welcome Bonus: Earn a $200 rewards bonus after spending $1,000 in the first 90 days, giving you a valuable head start on your cash back earnings.
- No Annual Fee: Enjoy all the card’s benefits and rewards without paying an annual fee, making it a cost-effective choice for many users.
- 0% Introductory APR: Take advantage of a 0% intro APR on purchases and balance transfers for the first 15 billing cycles, making it easier to manage large expenses or pay down existing debt interest-free.
These features make the US Bank Cash+ Card an excellent option for anyone looking for flexible and cost-effective cash back.
Disadvantages
While the US Bank Cash+ Visa Signature Card has plenty of perks, there are a few drawbacks to keep in mind. One downside is that you have to activate your bonus categories every quarter. Otherwise, you’ll only earn 1% cash back on all your purchases.
There’s also a cap on how much you can earn at the 5% rate. You’ll get 5% cash back on the first $2,000 in combined purchases each quarter in your chosen categories, but anything you spend beyond that only earns 1%. This limit might be a drawback for big spenders or families with high expenses in those bonus areas.
Another thing to consider is that this card charges up to 3% foreign transaction fee. If you travel internationally or make purchases outside the U.S., this card isn’t the best fit, since those fees can add up quickly. Frequent travelers might want to look for a card with no foreign transaction fees instead.
The rewards program itself can also feel a bit complicated. You need to plan ahead and pick your categories each quarter to really maximize your cash back. If you prefer a simple, flat-rate cashback card, this extra step might not be appealing.
Lastly, be aware that late or returned payments can result in fees, which can add up if you’re not careful. Overall, while the US Bank Cash+ Card offers great rewards, it does require a bit of attention and planning to get the most out of it.
Fees and commissions of the US Bank Cash+ Visa Signature Card
The US Bank Cash+ Visa Signature Card has no annual fee, making it accessible for many users. However, there are other fees and commissions to consider. The card charges up to 3% foreign transaction fee on purchases made outside the United States. This fee can add up if you travel internationally or shop from foreign merchants.
For balance transfers, there is a fee of either 3% of the amount transferred or a $5 minimum, whichever is greater. This fee applies to each balance transfer you make. If you make a late payment or a payment is returned, you may be charged a fee of up to $41. These fees can impact your overall savings if you are not careful with your payments.
The card also offers a 0% introductory APR on purchases and balance transfers for the first 15 billing cycles. After the intro period, a variable APR applies based on your creditworthiness. It is important to review the current APR rates before applying, as they can change over time.
There are no fees for redeeming your cashback rewards, and you can choose from several flexible redemption options. Overall, the US Bank Cash+ Visa Signature Card keeps costs low for most users, but it is important to be aware of these potential fees and commissions.
Requirements and eligibility criteria
To qualify for the US Bank Cash+ Visa Signature Card, there are a few key requirements you’ll need to meet. First, you must be at least 18 years old and a legal resident of the United States with a valid Social Security number. You’ll also need to provide a physical U.S. address—US Bank doesn’t accept P.O. boxes.
A good to excellent credit score is important for approval. Most people who get approved have a credit score of 670 or higher, along with a solid credit history that shows responsible use, on-time payments, and low credit card balances. US Bank will also look at your income to make sure you can handle a new credit line, so be ready to provide accurate employment and income details on your application.
It’s best if you don’t have any recent bankruptcies or major negative marks on your credit report. While having an existing relationship with US Bank can help, it’s not required to apply. You also can’t already have this card or have received its welcome bonus before.
Meeting these requirements will boost your chances of approval for the US Bank Cash+ Card. Before you apply, it’s a good idea to check your credit report and make sure your finances are in good shape.
How to get a US Bank Cash+ Visa Signature Card?
- Gather your personal information: You will need your Social Security number, address, income details, and employment information for the application.
- Visit the official US Bank website: Go to the US Bank page to start your application.
- Click “Apply now.”: Find and select the “Apply now” button on the card’s page to begin the online application process.
- Complete the application form: Fill in all required fields with accurate personal and financial information. Double-check your details before submitting.
- Review terms and conditions: Read the card’s terms, including rates, fees, and rewards program rules. Make sure you understand all the details.
- Submit your application: After reviewing your information, submit the application online. You may receive a decision in as little as 60 seconds.
- Wait for approval: If approved, you will receive your card in the mail within a few business days. If US Bank requires additional information, they may contact you.
- Activate your card: Once your card arrives, follow the instructions to activate it. You can do this online or by phone.
Conclusion
In summary, the US Bank Cash+ Visa Signature Card is tailored for those who appreciate having choices and want to make the most of their spending. While it requires a bit of planning to unlock its full potential, the card’s flexible rewards structure and lack of an annual fee make it a strong contender in the cashback category.
If you’re ready to take a more active role in earning rewards and want a card that adapts to your needs, the Cash+ Card could be a smart addition to your wallet.
Frequently Asked Questions (FAQ)
- Can I change my 5% and 2% cashback categories after I’ve selected them for the quarter?
No, once you’ve chosen your 5% and 2% cashback categories for a quarter, those selections are locked in until the next quarter. You’ll be able to update your choices again when the new quarter begins. - Is there a limit to how many times I can redeem my cashback rewards?
No, there’s no limit to the number of times you can redeem your cashback. You can redeem as often as you like, provided you have a cashback balance available. - How quickly are cashback rewards credited to my account?
Cashback rewards are typically credited to your account at the end of each billing cycle. Redemption processing times may vary depending on the method you choose (statement credit, direct deposit, or rewards card). - Can authorized users also earn cashback on their purchases?
Yes, purchases made by authorized users on your account will earn cashback rewards. All rewards are pooled into the primary cardholder’s account. - Are there any restrictions on which purchases qualify for cashback?
Certain transactions, such as cash advances, balance transfers, and fees, do not qualify for cashback rewards. Additionally, some merchant categories may not be eligible for bonus rewards, so it’s important to review the full list of eligible categories each quarter. - Can I use my cashback rewards to pay my minimum payment due?
No, cashback rewards cannot be directly applied to your minimum payment. However, if you redeem your rewards as a statement credit, it will reduce your overall balance, which can help lower your next payment due.
If you want further information on the US Bank Cash+ Card or simply wish to start your application, visit the official US Bank website now!
