U.S. Bank Cash+® Visa Signature® Card

In-Depth Review: U.S. Bank Cash+® Visa Signature® Credit Card

The U.S. Bank Cash+ Visa Signature Card is a cash back credit card designed to give you the power over how you earn your rewards. The card offers an impressive 5% cash back on select categories, 2% back on a select “everyday” category, and 1% back on every other purchase made with the card, plus 0% intro APR, for no annual fee.

Who Can Benefit from the US Bank Cash+® Visa Signature® Card

The U.S. Bank Cash+® Visa Signature® Card is an excellent choice for individuals who want to earn cash back on their everyday purchases without an annual fee. This card is particularly advantageous for those who frequently spend on groceries, gas, or dining out. By selecting these categories for the 5% cash back rewards, you can maximize your earnings and get more value from your spending.

Moreover, the U.S. Bank Cash+® Visa Signature® Card is a suitable option for individuals seeking flexibility in their rewards. With the ability to customize your own categories, you can tailor the rewards to align with your lifestyle and spending habits. Whether you prefer to earn cash back on travel, entertainment, or home improvement, this card has you covered

How to Get the Card

No Pre-Qualify Before Applying

US Bank does not provide potential applicants with a pre-qualification portal prior to applying. Instead, the bank sends preapproval offers by mail. These offers will contain specific details and an offer code that you can use to apply. This may be disappointing for those without a pre-existing banking relationship with US Bank.

Credit Needed

You’ll need good or excellent credit to apply for the U.S. Bank Cash+® Visa Signature® Card. To be eligible for most US Bank credit cards, a minimum credit score of 700 is required.

Introductory APR Benefits

The U.S. Bank Cash + Visa Signature Card comes with two lengthy promotion interest periods:

0% APR for 15 Months On Purchases

First, new accounts enjoy 0% introductory APR for 15 months on purchases, followed by a competitive rate after that. Fifteen months interest free on purchases is great, especially when you consider how broad the card’s reward categories are. This makes the Cash+ a great option for financing a significant purchase.

0% APR for 15 Months On Balance Transfers

Additionally, new accounts enjoy 0% intro APR for 15 months on balance transfers. You must transfer your existing balance within the first 60 days of opening an account to qualify for this financing bonus. US Bank charges a balance transfer fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater.

How to Earn Rewards

Welcome Offer

The Cash+® Visa Signature® Card offers a simple and achievable welcome offer. New accounts can earn a $200 rewards bonus by spending $1,000 on eligible purchases within the first 120 days of opening the account. This welcome offer only requires approximately $333 per month in spending, making it a highly attainable sign-up bonus.

Earn Up to 5% Cash Back

The Cash+ Visa Signature offers a unique selling point – the ability to choose your categories and maximize your cash back earnings. Cardholders can earn 5% back on the first $2,000 in combined eligible purchases in the following categories:

• TV, internet, and streaming services
• Cell phone providers
• Electronics stores
• Fast food
• Home utilities
• Furniture stores
• Department stores
• Clothing stores
• Movie theaters
• Ground transportation
• Fitness centers
• Sporting goods stores

In addition, the Cash+ card also earns 5% back on travel purchases, specifically prepaid air, hotel, and car reservations booked directly in the U.S. Bank Rewards Travel Center.

Earn 2% Back On Gas, Groceries, and Dining

Cardholders have the flexibility to select the two categories they spend the most in and can change their selections each quarter. They also have the same option with their 2% “everyday” category, choosing one of the three categories each quarter in which to earn 2% cash back: grocery stores, gas stations (including EV charging stations), and restaurants. Cardholders also earn 1% cash back on all other eligible purchases.

The ability to customize your cash back options – and change them each quarter – is an excellent feature that helps maximize the cash back potential of this card. This option allows you to plan your major purchases accordingly to increase the amount you earn back, while still selecting an everyday category, such as gas or groceries, so you don’t sacrifice solid cash back rewards in exchange for increased returns on big-ticket purchases.

How to Redeem Rewards

Cash back redemption options with the U.S. Bank Cash Plus Card are straightforward, with three redemption options from which to choose. Cardholders can receive their cash back as a statement credit, a prepaid card, merchant gift cards, or directly deposited into their US Bank checking or savings account. Claiming rewards as a US Bank Rewards Card requires at least $25 in cash back rewards.

Rewards never expire as long as the account is open and active.

US Bank Benefits

Like other offers from the bank, the U.S. Bank Cash+® Visa Signature® Card also comes with a selection of benefits courtesy of US Bank. These include:

• Shipt: Cardholders enjoy three months of free Shipt membership, then nine months of membership at 50% off, with free delivery on orders $35+. Shipt delivers from a range of local stores, including Target, CVS, and Walgreens, with more added frequently. This perk requires a separate enrollment.
• NortonLifeLock: ID Navigator Powered by NortonLifeLock provides cardholders with access to multiple tools to help keep them safe. These features include Dark Web monitoring, stolen wallet assistance, data breach notifications, and more. To confirm eligibility for this service, visit www.cardbenefitidprotect.com. 
• Online and Mobile Access: Manage your card when you want on your own terms. This service provides cardholders with access to a variety of card and account management tools, including:
  • Contactless payments with EMV contactless chip technology
  • Add authorized users to your account
  • Financial education tools at your fingertips.
  • Link your card to PayPal or other mobile wallets
  • Complimentary access to your FICO Score, upon free enrollment

Finally, cardholders also have access to promotional financing via U.S. Bank ExtendPay® Plan. New accounts pay no fees on ExtendPay Plans opened in the first 60 days after account opening. This feature is essentially a Buy Now, Pay Later service, similar to Plan It from American Express.

Comparison

What We Like About the Cash+ Card

Customization of Rewards

One of the best features of this card is the ability to earn up to 5% cash back on categories of your choice. This gives you the flexibility to earn rewards on the things you buy the most, and the rewards can really add up over time.

Lengthy 0% APR Periods

Another great perk of the card are the two interest free periods on transfers and purchases. Those interest free periods are on par with Discover’s credit cards, making the Cash+ Visa a very competitive offer in a very crowded marketplace.

No Annual Fee

Finally, the card features no annual fee. That might not seem like a big deal, but it provides exceptional value. Take the US Bank Shopper Rewards Card, for example. That card earns similar rewards to the Cash+ but carries a $95 annual fee.

Things to Consider

Foreign Transaction Fee

One major drawback of the Cash+ Visa Signature Card is its foreign transaction fee. If you often travel abroad or make purchases in foreign currencies, this fee can accumulate rapidly and reduce the value of your rewards. Therefore, it is crucial to carefully consider the benefits and potential costs before determining if this card is suitable for you.

US Bank Ratings

How does US Bank rate as a credit card issuer? Here is a selection of ratings for US Bank, from consumers and financial experts:

Should You Apply for the U.S. Bank Cash Plus Visa Signature Card?

The U.S. Bank Cash+ Visa Signature Card is an excellent cash back credit card for those who want the power to decide where they earn their rewards. Cardholders have the option to select two categories in which they earn 5% cash back for every purchase, an everyday category in which they earn 2% back, and earn a flat-rate 1% back on every other purchase. The ability to change categories each quarter is a very nice feature, and one that allows cardholders to maximize their earning through careful planning.

The introductory offer of a $200 bonus after making just $1,000 in purchases within the first 90 days isn’t head-turning, but it is an easily achievable goal that provides real value for money. The addition of no annual fee, plus Visa Signature benefits, makes this a very valuable card that more than holds its own against other popular cash back cards, including the Chase Freedom Flex, Freedom Unlimited or Discover It Cash Back..