Editorial Disclosure: The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.

“The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.”

U.S. Bank Cash+ Card Quick Facts

  • $150 sign-up bonus after spending $500 on purchases in 3 months
  • 5% cash back on two categories you choose, capped at $2,000 in purchases
  • 2% cash back on an additional category of your choosing
  • 1% cash back on all other purchases
  • No limits on cash back
  • No annual fee
  • Variable APR from 16.24% – 25.24% based on creditworthiness.
  • 0% Intro APR on balance transfers for 12 billing cycles

Pros & Cons

Pros:

  • High cashback rate
  • Bonus cash back categories
  • No annual fee
  • Choose your own reward categories

Cons:

  • Need excellent credit for approval
  • No introductory APR rate on purchases
  • Rewards more high maintenance than other cards
  • Foreign transaction fees

Full Review 

The U.S. Bank Cash+ Visa Signature Card is a great option for cash back rewards and blows several competitors out of the water. With this card, you can earn 5% cash back on two categories of your choosing. Yes, you heard that right. You can pick the categories for the highest cash back rate. 

Typically when credit cards offer 5% cash back, they choose the category. To make matters worse, the category often rotates every three months. This can be a tedious process for someone who’s looking to earn cash back without thinking too hard. The U.S. Bank Cash+ Visa Signature Card also has rotating categories, but at least you can choose which ones you want instead of the credit issuer choosing for you.

To top it off, the U.S. Bank Cash+ Visa Signature Card also offers 2% cash back on an additional category of your choosing each quarter and 1% cash back on all other purchases. The card has no annual fee, which is impressive given the high cash back rate offered. 

While earning cash back may sound a bit confusing, the U.S. Bank Cash+ Visa Signature Card can turn over some hefty rewards for the right credit cardholder. 

U.S. Bank Cash+: Basics and benefits

All right, let’s go a little deeper with these rewards. For the hefty 5% cash back rate, cardholders can choose two categories out of a list of 12. You’ll receive the 5% cash back on the first $2,000 in purchases each quarter. This is great, considering most cards cap rewards like these at $1,500 in purchases.

Next, the U.S. Bank Cash+ Visa Signature Card offers 2% cash back on an additional “everyday” category of your choosing each quarter. “Everyday” categories may include gas stations, restaurants, and groceries stores, for a few examples. Other than chosen categories, cardholders will earn an extra 1% cash back on all other purchases.

Cash back can be redeemed for statement credit, added to a U.S. Bank Rewards gift card, or deposited into an eligible U.S. Bank account. Rewards can be redeemed for any amount at any time, though there are exceptions for gift cards. Visa gift cards require $20 minimum and must be redeemed in $5 increments.

Now that you’re more familiar with rewards, here’s what you can expect after getting approved for the U.S. Bank Cash+ Visa Signature Card. There’s no annual fee for the card. The new cardmember bonus offer is $150 after you spend $500 on eligible purchases within the first three months of the account opening. 

The U.S. Bank Cash+ Visa Signature Card also allows 0% on Balance Transfers for the first 12 billing cycles, and an ongoing APR of 16.24% – 25.24% Variable APR. The balance transfer fee and foreign transaction fee are both 3%. The U.S. Bank Cash+ Visa Signature Card comes with additional benefits such as auto rental collision damage waiver, extended warranty protection, lost luggage reimbursement, and more. 

If the information above has sparked your interest, here’s why you may want to apply for the U.S. Bank Cash+ Visa Signature Card. 

The main benefit of this card is the ability to choose your reward categories. Other cards offer 5% cash back, but not on categories you can choose yourself. The U.S. Bank Cash+ Visa Signature Card makes the deal even sweeter by allowing cash back on the first $2,000 in purchases each quarter, which is an extra $500 more than other competitors. This could add up to $100 more cash back rewards annually if you hit the $2,000 cap. What’s more, the U.S. Bank Cash+ Visa Signature card offers an additional category of your choosing for 2% cash back, which is practically unheard of. To top it off, the no annual fee makes this card even more valuable. Typically, cards with high cash back rewards charge an annual fee of $69 or higher. 

If you’re a strategic spender when it comes to credit cards and cash back rewards, the U.S. Bank Cash+ Visa Signature Card may be just what you’re looking for. 

U.S. Bank Cash+: Pitfalls and other possibilities 

The U.S. Bank Cash+ Visa Signature Card isn’t for everyone. Here are a few reasons why you may want to seek a different type of credit card. 

One downfall of this card is you have to routinely activate rewards categories to take advantage of them. Cardholders may activate bonus categories 45 days before the next quarter starts, but you won’t earn any rewards until three business days after you activate. This isn’t the most advantageous activation schedule for people who are forgetful. The window for activation closes on the fifth last day of the quarter.

Unlike many other cards, the U.S. Bank Cash+ Visa Signature Card does not offer an introductory 0% APR on purchases. Many other cards will give you more than a year with 0% APR, while this card only allows 0% APR on balance transfers for 12 billing cycles.

Another major downfall of the U.S. Bank Cash+ Visa Signature Card is rewards can only be redeemed for cash if you already have a checking or savings account with U.S. Bank. So, if you don’t already have an account with U.S. bank, the high cash back rate may not be so rewarding after all. Other credit cards such as Chase Freedom and Discover it Cash Back allow cardholders to deposit cash back into accounts with other banks. 

Finally, although the cash back rewards are tempting with the U.S. Bank Cash+ Visa Signature Card, they take a lot of work. If you aren’t used to checking in with your credit card account each quarter, you may lose out on the 5% and 2% back categories. This means you may only be reaping 1% cash back on purchases when you very well could earn a flat rate of 1.5% or 2% on all purchases with other cards.

Depending on the person, the 3% foreign transaction fee may get a little pricey, too. If you’re an avid global traveler, it’d be best to find another card with no transaction fees. For example, the Capital One Quicksilver Cash Rewards Credit Card has no foreign transaction fee, no annual fee, and a flat 1.5% cash back rate. 

Is the U.S. Bank Cash+ card right for you? 

If you already have an account with U.S. Bank, applying for the U.S. Bank Cash+ Visa Signature Card may be a no-brainer. This is one of the only cards that offers such high cashback rate in the categories of your choosing. However, cardholders must be disciplined and organized if they want to reap the 5% and 2% cash back rewards. If you’re looking for easy-to-earn cash back rewards, keep searching for a simpler card that’s right for you.

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Many of the listings that appear on this website are from companies which we receive compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The site does not review or include all companies or all available products.

Advertiser Disclosure: Many of the listings that appear on this website are from companies which we receive compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The site does not review or include all companies or all available products.

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