U.S. Bank Cash+™ Visa Signature® Card

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U.S. Bank Cash+™ Visa Signature® Card snapshot

Plenty of contenders vie to be ranked among the best rewards credit cards, and the U.S. Bank Cash+™ Visa Signature® Card comes on strong with a rewards program that’s both generous and flexible. This card offers cash back in the spending categories that you choose from a variety of options that U.S. Bank Cash+™ Visa Signature® Card offers.  There is no annual fee. If you love getting the most cash back possible on every day purchases, keep reading to learn more about this card’s features and benefits.

U.S. Bank Cash+™ Visa Signature® Card highlights

Annual fee:None
Foreign transaction fee:2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars;

3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency
Rewards program:Earn 5% cash back on your first $2,000 in combined eligible net purchases each quarter on two categories you choose from select U.S. Bank qualifying merchants

Earn 2% cash back on eligible net purchases on your choice of one everyday category from select U.S. Bank qualifying merchants

Earn 1% cash back on all your other eligible net purchases

Note: Enroll each quarter into the categories of your choice, otherwise all your net purchases will earn no more than 1% cash back
We think it's great for:People who are comfortable with a tiered rewards structure
We think these folks should do more research:People who prefer to keep their rewards structure simple

Additional Information:Terms and Conditions apply

Our Verdict: Best for heavy spenders who want more control over where they earn rewards

U.S. Bank Cash+™ Visa Signature® Card basics

The U.S. Bank Cash+™ Visa Signature® Card is a cash back rewards card with a unique twist. You get to choose which purchases give you the biggest bonus. You earn at least 1% cash back on your other eligible net everyday purchases, with an opportunity to increase the cash back to 5% which applies to the first $2,000 in combined net purchases each quarter on two categories you choose from categories that U.S. Bank offers. You earn 2% cash back on one everyday category, based on the category you choose from categories that U.S. Bank offers. You must enroll each quarter into the categories of your choice, otherwise all your net purchases will earn no more than 1% cash back.

This card has no annual fee to nibble away at your rewards and it offers a 0% introductory Annual Percentage Rate (APR) for the first 12 billing cycles on any balances transferred within 60 days from account opening. There is a balance transfer fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater. After the introductory period ends there is a variable Annual Percentage Rate (APR) currently 16.24% to 25.74% based on your creditworthiness. Purchases, however, are subject to the regular variable APR, which currently ranges from 16.24% to 25.74%, based on your creditworthiness. You may want to keep that rate in mind if you’re the type of spender who doesn’t always pay off what you charge in full on your purchases.

U.S. Bank Cash+™ Visa Signature® Card Comparison

Chase Freedom®

Card highlights we want to mention:

  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter. Unlimited 1% cash back on all other purchases.
  • No annual fee

Chase Freedom® is a cash back rewards card for individuals looking for a credit card with an opportunity for higher rewards rate. This card offers 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate, which equals $300 in cash back for the year if you hit the spending limit. That’s less than the $400 you would potentially earn in 5% rewards with the U.S. Bank Cash+™ Visa Signature® card.

With Chase Freedom® qualifying new Cardmembers earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening.

There’s no annual fee.

Terms and Conditions apply.

Capital One® Venture® Rewards Credit Card

Card highlights we want to mention:

  • You earn 2X miles per dollar on every purchase
  • Plus earn 10X miles on thousands of hotels, through January 2020; if you want to learn more go to hotels.com/venture
  • Qualifying new Cardmembers can enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • There are no foreign transaction fees

If you’d rather earn miles than cash back, the Capital One® Venture® Rewards Credit Card may be worth a closer look from you. With this card, you earn 2X miles on every purchase. Qualifying new Cardmembers who spend $3,000 on purchases within 3 months from account opening earn a one-time bonus of 50,000-miles, which is equal to $500 in travel. Your miles won’t expire for the life of the account and there’s no limit to how many you can earn.

This card has no foreign transaction fees, which is good if you regularly travel outside the U.S.

There is a $0 introductory annual fee for the first year; after that, the annual fee is $95.

Terms and Conditions apply.

Chase Freedom Unlimited®

Card highlights we want to mention:

  • Qualifying new Cardmembers earn Double Cash Back: earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
  • There’s no annual fee

Chase Freedom Unlimited® offers qualifying new Cardmembers Double Cash Back: earn 3% cash back on all purchases made on your new Chase Freedom Unlimited® card in your first year up to $20,000 spent, after that earn unlimited 1.5% cash back on all purchases made on this Card.

If the U.S. Bank Cash+™ Visa Signature® card’s rewards program is too complicated for you, the Chase Freedom Unlimited® card definitely allows you to keep it simple.

There’s no annual fee.

Terms and Conditions apply.

[Also Read: 5 Best Chase Bank Credit Cards]

 

Capital One® Quicksilver® Cash Rewards Credit Card

Card highlights we want to mention:

  • Earn unlimited 1.5% cash back on every purchase
  • Qualifying new Cardmembers earn a one-time $150 cash bonus after spending $500 on purchases within 3 months from account opening
  • There’s no annual fee

The Capital One® Quicksilver® Cash Rewards Credit Card offers unlimited 1.5% cash back on every purchase and redeeming cash back rewards is easy. Cash back rewards won’t expire for the life of the account, there’s no limit to how much you can earn and there are no rotating categories or sign-ups needed to earn cash rewards. You can apply your cash back as a statement credit, get a check or redeem them for gift cards. Qualified new Cardmembers earn a one-time $150 cash bonus after spending $500 on purchases within 3 months from account opening.

There’s no annual fee.

Terms and Conditions apply.

U.S. Bank Cash+™ Visa Signature® Card rewards

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The U.S. Bank Cash+™ Visa Signature® Card’s rewards program may look a little tricky at first but it’s actually pretty easy to understand. You earn cash back rewards at three different levels: 1%, 2% and 5%.

The 5% cash back bonus applies to the first $2,000 in combined net purchases each quarter made in two spending categories of your choice from the selection provided by U.S. Bank.

If you max out 5% cash back bonus each quarter for the first year of account opening, you can earn $400 in cash back just for those purchases at the end of 4 quarters in the first year. Once you hit the $2,000 spending limit, you can still get 1% cash back in the categories you’ve chosen until the new quarter begins. You have the option of sticking with the same categories or switching them out each quarter.

You also get 2% cash back on one spending category of your choice from the selection provided by U.S. Bank in the everyday category. Again, you can change your selection each quarter if you like. There’s no cap on how much cash back you can earn at the 2% level. You can get 1% cash back on your other eligible net everyday purchases.

Enroll each quarter into the categories of your choice, otherwise all your net purchases will earn no more than 1% cash back.

How can I redeem cash back rewards?

U.S. Bank offers three options for you to redeem your cash rewards. First, you can redeem them for cash by direct deposit into your U.S. Bank checking, savings account or money market account. If you don’t have an account with U.S. Bank, you can redeem your rewards as a statement credit. A third option is redeeming them for a U.S. Bank Rewards Card. If you go that route, you may need at least $20 in rewards to redeem and there may be fees that apply to the Rewards Card.

U.S. Bank Cash+™ Visa Signature® Card pros

thumbsupOn the pro side, the best feature of the U.S. Bank Cash+™ Visa Signature® Card is its cash rewards program. While there are other cards that feature a tiered rewards structure with bonus categories that change quarterly, they don’t put you in the driver’s seat when it comes to choosing what those categories are.

If a quarterly bonus category is one you’ll never use, its real value is zero. With this card, you can tailor your rewards to how you spend which is invaluable if you’re focused on earning the most cash back possible.

Besides the rewards program, the 0% introductory APR on balance transfers is also pretty sweet, as is the absence of an annual fee. Although it’s not a travel rewards card, there are some travel benefits included in the Visa Signature package (exclusions and limitations apply).

Plus, earn a $150 cash back bonus after you apply online and after making $500 in eligible net purchases within the first 90 days of account opening.

U.S. Bank Cash+™ Visa Signature® Card cons

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The drawback is the regular variable APR on purchases. If you aren’t paying this card off every month, the interest charges could be expensive if you’re at the higher end of the APR range. You might be earning a ton of cash back with the card but if you’re paying a significant amount in interest, interest charges will cancel those rewards out. Also cash rewards expire 36 months after the billing cycle in which they were earned.

Should you get the U.S. Bank Cash+™ Visa Signature® Card?

We think the U.S. Bank Cash+™ Visa Signature® Card is worth a look for anyone who wants a little more flexibility in their rewards and is okay with remembering to activate their bonus categories each quarter. If you’re using this card for the bulk of your spending, the long-term rewards can add up.

Looking at other cash back options can point you towards the card that’s going to be the best fit for your spending style.

Terms and Conditions apply.


Independent Review Disclosure: All the information about the U.S. Bank Cash+™ Visa Signature® Card has been collected independently by CreditSesame.com and has not been reviewed or provided by the issuer of this card. The U.S. Bank Cash+™ Visa Signature® Card is not available through CreditSesame.com.

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Published July 12, 2016
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