U.S. Bank Cash+ Visa Signature Card Review: Choose Your Bonus

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The U.S. Bank Cash+ Visa Signature Card pays bonus rewards on purchase categories you choose each quarter—2% on everyday purchases such as gas or restaurants and 5% on less frequent ones like sporting goods. With no annual fee, an easy-to-earn sign-up bonus, and a high rewards potential, this card can deliver decent cash back if you’re smart about your category choices.

U.S. Bank Cash+™ Visa Signature® Card

overall rating
4
U.S. Bank Cash+™ Visa Signature® Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.49% - 25.49% variable
Annual Fee $0
Rewards Earning Rate 5% cash back on $2,000 in combined eligible net purchases each quarter on two eligible categories you choose. 2% cash back on one eligible everyday category. 1% cash back on all other eligible net purchases.
Foreign transaction fee (%) 3%
Ratings Breakdown
for Interest
2.2
for Fees
1.9
for Rewards
4.8
for Credit
2.2

Current Offer:

Earn a $150 bonus after you apply online and spend $500 in eligible net purchases within the first 90 days of account opening.

Who Is This Credit Card Best For?

  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain See more cards
    Deal Seeker
  • Avatar for Savvy Saver Persona
    Prioritizes sticking to their budget while buying what they want and need See more cards
    Savvy Saver

People with good to excellent credit looking for a no-annual fee cash rewards credit card can wring some value out of the U.S. Bank Cash+ Visa Card—as long as you don’t mind a little ongoing card maintenance. The card gives more control over how you earn rewards by letting you choose your own bonus categories. While there’s a limit to the rewards you can earn in the highest-earning tier, your other cash rewards are unlimited.

Pros
  • Easy to earn sign-up bonus

  • Choice of bonus rewards categories

Cons
  • Cap on highest earning rewards category

  • Foreign transaction fee

  • Quarterly registration required to earn the most rewards

Pros Explained

  • Easy to earn sign-up bonus: With a minimum spend of just $500, most cardholders will find the sign-up bonus a breeze to earn.
  • Choice of bonus rewards categories: While other credit cards with a quarterly cash back bonus have fixed categories chosen by the bank, the Cash+ card gives cardholders a choice of bonus rewards categories to choose from each quarter.

Cons Explained

  • Cap on highest earning rewards category: 5% cash back rewards is a great rate, but you can only earn only earn up to $100 cash back each quarter on purchases in bonus categories.
  • Foreign transaction fee: This isn't the best card to use for international purchases. With its foreign transaction fee you'll pay up to 3% on purchases made in a currency other than U.S. dollars.
  • Quarterly registration required to earn bonus rewards: While you do get the flexibility to choose your cash back categories, you have to sign up by the deadline to earn bonus rewards. Otherwise, purchases in bonus categories will only earn 1% back instead of 2% or 5%.

U.S. Bank Cash+ Visa Signature Card Sign-Up Bonus 

Earn a $150 sign-up bonus when you spend just $500 in the first 90 days of opening your account. The low minimum spend requirement will allow most people to earn the sign-up bonus within the first few weeks of opening the account.

It can take six to eight weeks for the sign-up bonus to post to your account.

Earning Rewards

The U.S. Bank Cash+ Visa Signature Card lets you earn 5% cash back rewards on your first $2,000 in combined purchases each quarter on two categories you choose. Other credit cards with a 5% quarterly rotating rewards are dictated by the card issuer.

On top of the 5% rewards, you can earn 2% back on purchases at one of gas stations, grocery stores, or restaurants. You choose which. Finally, earn 1% back on all your other purchases.

To give you an idea of the choices that might be available, here are the 5% Cash+ categories for January through March 2020: TV, internet, streaming services, home utilities, ground transportation, select clothing stores, cellphone providers, electronics stores, gyms/fitness centers, fast food, sporting goods stores, department stores, furniture stores, and movie theaters. Bonus categories have remained largely the same for the past few quarters, but the bank could change them at any time.

Based on the available 5% cash back categories, and the two category limit, reaching the $2,000 spending cap each quarter may be a challenge for many cardholders. Don’t be tempted to overspend in order to earn the maximum cash back.

U.S. Bank Cash+ Visa Signature Card Redeeming Rewards

The card comes with a few choices for redeeming your rewards. Options include a statement credit; direct deposit into your U.S. checking, savings, or money market account; or a rewards card.

There’s no minimum redemption requirement for a statement credit or direct deposit. However, if you opt to redeem your cash back as a U.S. Bank Rewards Visa debit card, there’s a $20 minimum redemption requirement and you must redeem rewards in $5 increments.

How to Get the Most Out of This Card

You can earn at least $550 in cash rewards in the first year if you earn the sign-up bonus and max out spending in the 5% categories. You’ll need to spend $2,000 in the two categories each quarter, which breaks down to $666.67 in monthly spending.

Consider your upcoming spending when you’re selecting your 5% bonus categories. For example, you may choose electronics stores and department stores if you’re doing a lot of holiday shopping in the fourth quarter.

Choose your bonus rewards categories by visiting your account online or by calling customer service before each quarter starts so you have the full quarter to max out your spending. You can choose your rewards up to 45 days before the quarter starts and you have up to five days before the beginning of the quarter to make changes to your selection. Register early: U.S. Bank advises that it can take up to three business days for registration to take effect.

You can still select bonus categories after the quarter has started, but you won’t earn higher rewards until the selection becomes effective. Spending will only earn cash back rewards at the 1% rate if you don’t register.

Don’t hold on to your rewards for too long—rewards expire after 36 months.

U.S. Bank Cash+ Visa Signature Card ’s Other Features 

  • Rental car collision insurance (secondary to your own policy)
  • Insurance for stolen or damaged purchases
  • Extended warranties
  • Travel and emergency hotline
  • Roadside assistance hotline
  • Concierge for booking event tickets, travel, and other services
  • Sports, music, and event ticket presales and discounts, plus VIP access at some events

Customer Experience

U.S. Bank ranks eighth (out of 11 big banks) in J.D. Power’s 2019 Credit Card Satisfaction Study, scoring 785 out of a possible 1,000. The credit card issuer received its worst ratings in the areas of interaction and communication.

The card comes with a few noteworthy customer experience benefits including: 24/7 U.S. based customer service, free TransUnion FICO score, budgeting tools, cardmember agreement guide, credit wellness center, and spend analysis online reporting. And to better keep up with rewards enrollment timing, you can sign up to get text reminders to select your bonus rewards categories.

Security Features 

The U.S. Bank Cash+ Visa Signature Card comes with standard security features including zero fraud liability, security alerts, and  EMV chip technology.

U.S. Bank Cash+ Visa Signature Card ’s Fees

The U.S. Bank Cash+ Visa Signature Card doesn’t come with a lot of fees—and none of them are out of line with industry standards.

For U.S. Bank Cash+™ Visa Signature® Card
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CURRENT CARD
U.S. Bank Cash+™ Visa Signature® Card
overall rating
4
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.49% - 25.49% variable
Annual Fee $0
Rewards Earning Rate 5% cash back on $2,000 in combined eligible net purchases each quarter on two eligible categories you choose. 2% cash back on one eligible everyday category. 1% cash back on all other eligible net purchases.
Our Methodology
  • At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. J.D Power. "2019 Credit Card Satisfaction Study." Accessed Jan. 13, 2020.