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U.S. Bank Cash+™ Visa Signature Card review

Published: September 27, 2018

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Published: September 27, 2018

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Ratings Policy
Balance Transfer Rating:
2.3 rating
2.3 rating
2.3 / 5
Introductory Offer: 2.0
Net Value: 3.2
Features: 3.0

In a Nutshell:

This flexible cash back card gives cardholders more options than most rewards credit cards; however, it charges a relatively high APR for carrying a balance and only gives cardholders 12 billing cycles to pay off a transferred balance.

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0% Introductory Period
12 billing cycles

Transfer Fee
$5 or 3% (whichever is higher)

Introductory Purchase APR
None

Regular APR
15.99-24.99% (variable)

Annual Fee
$0

Other Notable Features: Purchase security, extended warranty, car rental insurance, baggage insurance, roadside assistance, travel discounts, concierge services, complimentary room upgrades

Cash Back Rating:
2 rating
2 rating
2 / 5
Rewards Value: 1.2
Annual Percentage Rate: 1.2
Rewards Flexibility: 2.8
Features: 3.0

In a Nutshell:

The U.S. Bank Cash+ Visa Signature card’s customizable cash back program makes it a good choice for cardholders who want more flexibility with rewards purchases, but it’s higher maintenance than most.

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Rewards Rate

  • 5% cash back on 2 categories of your choice ($2,000 purchase limit per quarter)
  • 2% cash back on your choice of one everyday category, such as gas stations or grocery stores
  • 1% cash back on other purchases

Sign-up Bonus
$150 if you spend $500 in first 90 days

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$264

APR
15.99-24.99% (variable)

Rewards Redemption
Pros

  • No limit on total amount of cash back
  • Redeem for statement credit, direct deposit or gift card
  • No minimum redemption amount

Cons

  • $2,000 limit each quarter on 5% cash back categories
  • Cash expires after 36 months
  • Can’t redeem cash through paper checks
  • Can’t transfer cash to other rewards programs

Other Notable Features: Purchase security, extended warranty, car rental insurance, baggage insurance, roadside assistance, travel discounts, concierge services, complimentary room upgrades

No Annual Fee Rating:
2.5 rating
2.5 rating
2.5 / 5
Rewards Value: 1.6
Annual Percentage Rate: 1.5
Rewards Flexibility: 3.4
Features: 3.0

In a Nutshell:

With 5 percent back on rotating bonus categories, the U.S. Bank Cash+ Visa Signature card offers a decent value for no annual fee, but card owners will have to do a lot of maintenance to get the most out of their rewards.

Learn more about this card

Rewards Rate

  • 5% cash back on 2 categories of your choice ($2,000 purchase limit per quarter)
  • 2% cash back on your choice of one everyday category, such as gas stations or grocery stores
  • 1% cash back on other purchases

Sign-up Bonus
$150 if you spend $500 in first 90 days

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$264

APR
15.99-24.99% (variable)

Rewards Redemption
Pros

  • No limit on total amount of cash back
  • Redeem for statement credit, direct deposit or gift card
  • No minimum redemption amount

Cons

  • $2,000 limit each quarter on 5% cash back categories
  • Cash expires after 36 months
  • Can’t redeem cash through paper checks
  • Can’t transfer cash to other rewards programs

Other Notable Features: Purchase security, extended warranty, car rental insurance, baggage insurance, roadside assistance, travel discounts, concierge services, complimentary room upgrades

Rewards Rating:
3 rating
3 rating
3 / 5
Rewards Value: 1.6
Annual Percentage Rate: 1.8
Rewards Flexibility: 4.7
Features: 3.0

In a Nutshell:

For cardholders who don’t mind a hands-on approach to earning card rewards, the U.S. Bank Cash+ offers more choice and flexibility than most of its competitors as well as a decent amount of cash back on everyday purchases.

Learn more about this card

Rewards Rate

  • 5% cash back on 2 categories of your choice ($2,000 purchase limit per quarter)
  • 2% cash back on your choice of one everyday category, such as gas stations or grocery stores
  • 1% cash back on other purchases

Sign-up Bonus
$150 if you spend $500 in first 90 days

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$264

APR
15.99-24.99% (variable)

Rewards Redemption
Pros

  • No limit on total amount of cash back
  • Redeem for statement credit, direct deposit or gift card
  • No minimum redemption amount

Cons

  • $2,000 limit each quarter on 5% cash back categories
  • Cash expires after 36 months
  • Can’t redeem cash through paper checks
  • Can’t transfer cash to other rewards programs

Other Notable Features: Purchase security, extended warranty, car rental insurance, baggage insurance, roadside assistance, travel discounts, concierge services, complimentary room upgrades

You’ll never miss a cash back bonus again with this customizable rewards card. Instead of setting rotating bonus categories for you as some cash back credit cards do, the U.S. Bank Cash+ Visa Signature card lets you pick bonus categories. You can earn a significant amount of cash back in the long run if you choose bonus categories wisely.

Customizable cash back

The Cash+ Visa Signature card’s flexible rewards program allows you to rack up a significant amount of cash if you spend a lot in the available categories. Cardholders get 5 percent cash back on up to $2,000 in spending on two categories of their choice, including sporting goods, bookstore and department store purchases. Cardholders can also earn unlimited 2 percent cash back on one everyday bonus category, such as gas, groceries or restaurant purchases. Category options rotate every quarter and may include gym memberships, cellphone plans, movie tickets, car rentals, fast food, charity, electronics and more.

Good promotion

The Cash+ Visa Signature card offers a $150 sign-up bonus to cardholders who manage to spend $500 in the first 90 days of card ownership. That’s higher-than-average for a cash back card, and should give new cardholders a nice influx of cash.

Some limits on redemption

The Cash+ Visa Signature card requires you to log in and pick bonus categories every quarter. So if you’re looking for a low-maintenance rewards card, you’re better off looking elsewhere. If you don’t choose new bonus categories every quarter, you’ll only receive 1 percent cash back. Cash rewards also expire after only three years. In addition, U.S. Bank limits how much you can earn by capping 5 percent bonus spending at $2,000 per quarter. There aren’t any restrictions on the total amount of cash you can earn, though, so if you spend a lot on gas or groceries, you can still earn a significant amount.

So-so APR

The card also ranks low on our list of cash back cards because it carries a relatively high APR for cardholders with less-than-perfect credit. Cardholders with the best credit scores are only charged 15.99 percent, which is lower than average for a cash back card. The average APR for cash back cards is currently 16.99 percent, according to our rate report. But the card’s maximum APR of 24.99 percent is on the high side for a cash back card, making it a riskier choice for cardholders who plan to carry a balance.

Why get the U.S. Bank Cash+ Visa Signature card?

  • You want to be able to choose bonus categories rather than have them chosen for you.
  • You spend a lot on gas station or grocery store purchases.
  • You want a long-term card you’ll use for all or most of your everyday purchases.
  • You prefer cash back instead of points.

How to use the U.S. Bank Cash+ Visa Signature card:

  • Think carefully before you choose quarterly bonus categories. Consider where you do your heaviest spending and choose accordingly so you can earn the maximum amount of cash back.
  • Don’t use the card’s rotating bonus categories as an excuse to load up on purchases you don’t need.
  • Book domestic travel with the U.S. Bank Cash+ Visa Signature card in order to take advantage of the card’s travel perks.

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All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

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