Rewards Plan
Sign up Bonus
Our Rating
0% Intro
Annual Fee
APR
- Choose Bonus Categories
- No Annual Fee
- Spending Cap
- Opt in Every Quarter
Rewards Plan
Sign up Bonus
Our Rating
PROS
- Choose Bonus Categories
- No Annual Fee
CONS
- Spending Cap
- Opt in Every Quarter
APR
19.49% - 29.74% (Variable)
Annual Fee
$0
0% Intro
$5 or 3%, the greater
Credit Requirements
Good – Excellent
U.S. Bank Cash+® Visa Signature® Card is a Visa credit card issued through one of the largest US lending institutions, U.S. Bank. It's recommended for those who want a hands-on approach to earning and managing rewards, especially if their spending patterns vary throughout the year.
Cardholders earn 5% cash back on purchases in two categories of your choice (up to $2,000 in combined purchases per quarter, then 1 percent). 5% back on prepaid air, hotel, and car reservations through the Rewards Center. 2% cash back on one choice everyday category. 1% back on all other purchases.
The Cash+ Visa Signature card also comes with a generous sign-up bonus: Earn a $200 bonus after spending $1,000 within the first 90 days of account opening. Plus, it offers 0% intro APR on 15 billing cycles on purchases and balance transfers. Best of all, there’s no annual fee, which sets it apart from many other rewards cards.
On the other hand, the card has limitations, including a $2,000 quarterly spending cap on the 5% cash back categories, potentially restricting rewards for big spenders. The card lacks the option to transfer rewards to other programs for increased value. Additionally, it imposes fees for late payments, returned payments, balance transfers, and foreign transactions.
Is the U.S. Bank Cash+ Visa Signature Card hard to get?
The card generally requires good credit for approval, making it potentially challenging for those with fair or poor credit.
Is there a limit on the 5% cash back rewards?
Yes, there is a $2,000 quarterly limit on combined purchases in the chosen 5% cash back categories.
Can I redeem cash back for statement credits?
Yes, cash back can be redeemed as a statement credit, direct deposit, or through the U.S. Bank Rewards Card.
How long do I have to redeem my cash back rewards?
Cash back rewards expire 36 calendar months after they are earned.
Can I change my 5% cash back categories each quarter?
Yes, cardholders can choose different categories each quarter based on their spending preferences.
Does the card offer any additional benefits?
Yes, the card comes with perks like zero fraud liability, prepaid travel rewards, and shopping deals through the Rewards Center.
Pros & Cons
Let’s take a look at the benefits and drawbacks of the U.S. Bank Cash+ Visa Signature card and see if it’s the right one for your wallet or not.
Pros | Cons |
|---|---|
Sign-Up Bonus
| Spending Cap |
0% APR Intro | Foreign Transaction Fee |
Choose Spending Categories | Balance Transfer Fee |
No Annual Fee | Opt in Every Quarter |
Redemption Options | |
Visa Signature Card |
- Sign-Up Bonus
U.S. Bank Cash+ Visa Signature new cardholders can earn Earn a $200 bonus after spending $1,000 within the first 90 days of account opening.
- 0% APR Intro
If you are looking to save money on interest, the U.S. Bank Cash+ Visa Signature card offers a 0% introductory rate for 15 billing cycles on purchases and balance transfers.
- Choose Spending Categories
U.S. Bank Cash+ Visa Signature card allows cardholders to pick their spending categories, adds a layer of flexibility.
Many rotating bonus category cards in the market do not allow customers to choose their categories but let the cardholder know what the category is every quarter.
- No Annual Fee
With no annual fee, the U.S. Bank Cash+ Visa Signature Card offers the flexibility to earn rewards without incurring additional costs.
- Redemption Options
Points can be redeemed as a statement credit, direct deposit to a U.S. Bank account, or as a U.S. Bank Rewards Card, providing users with multiple options to utilize their cash back.
- Visa Signature Card
Visa Signature card benefits include concierge services, travel and shopping protections, exclusive access to events, hotel perks, and extended warranties.
- Spending Cap
The card imposes a $2,000 quarterly spending cap on the 5% cash back categories, which may limit potential rewards for those with higher spending habits.
- Foreign Transaction Fee
The U.S. Bank Cash+ Visa Signature card has a foreign transaction fee of 3%. If traveling, leave this card at a home for one that does not have the fee.
- Balance Transfer Fee
There is a balance transfer fee of $5 or 3%, the greater.
- Opt in Every Quarter
Cardholders of the U.S. Bank Cash+ Visa Signature Card need to opt in or choose their purchase categories every quarter. This requires cardholders to keep track of when they need to choose their spending categories.
This can be a pain for some customers to keep track of. If you do not opt in, your spending will default to the cash back on all spending.
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