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U.S. Bank Cash+ Review: 5% Back in Bonus Categories of Your Choice

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The U.S. Bank Cash+® Visa Signature® Card puts you in control of your rewards. Every quarter, you can pick and activate two categories where your card will earn 5% back on up to $2,000 in combined purchases. Is that offer as great as it sounds? Find out in this U.S. Bank Cash+® Visa Signature® Card review.

  • The high cash back rate, big sign-up bonus, and flexibility to choose what purchases earn bonus cash back make this a compelling offer. All the better that there's no annual fee.

    • Sign-up bonus
    • Bonus categories of your choosing
    • No annual fee
    • 0% intro APR offer
    • No 0% intro APR on purchases
    • New! $200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening.
    • 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose
    • 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Travel Center
    • 2% cash back on one everyday category, like Gas Stations/EV Charging Stations, Grocery Stores or Restaurants
    • 1% cash back on all other eligible purchases
    • 0% Intro APR on purchases and balance transfers for the first 15 billing cycles. After that, a variable APR currently 16.74% - 26.74%
    • No Annual Fee
    • Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
    • Terms and conditions apply.

Full U.S. Bank Cash+ review

This credit card is a good fit for: Cardholders interested in picking where they'll earn bonus cash back every quarter.

Top perks

The U.S. Bank Cash+® Visa Signature® Card has several valuable features.

Sign-up bonus

As a new cardholder, you can earn $200 in bonus rewards after you spend $1,000 on eligible purchases within 120 days of opening this credit card. While there are other cash back cards with higher sign-up bonuses, those typically come with an annual fee. This sign-up bonus amount is among the leaders for a no annual fee card. Plus, most consumers can meet the $1,000 spending requirement with their regular spending. This makes it less likely you'll be tempted to take on unnecessary debt just to earn a sign-up bonus.

Flexible rewards program

The U.S. Bank Cash+® Visa Signature® Card lets you choose the spending categories where you earn bonus cash back. Here's how much you can earn:

  • 5% back on the first $2,000 in combined purchases each quarter across two categories of your choice, such as home utilities, department stores, and ground transportation
  • 2% back on your spending in one "everyday" category of your choice, such as gas stations, grocery stores, or restaurants
  • 1% back on other spending

You must activate your bonus categories each quarter to earn the higher cash back rates. Categories can change from quarter to quarter, although many remain the same.

Being able to pick your bonus categories is a big plus with this card. The spending cap in its 5%-back categories is also higher than other cards with rotating rewards. Most of them cap bonus cash back at $1,500 in bonus category spending per quarter.

Read more: Best Gas and Groceries Credit Cards

No annual fee

Like many of the best cash back credit cards, the U.S. Bank Cash+® Visa Signature® Card doesn't have an annual fee. This means you won't need to pay an annual maintenance fee just to keep your account open. So, even though you may not max out your bonus cash back categories every quarter, you don't need to worry about earning enough cash back to make up for the cost of a pricey annual fee.

See more: Best No Annual Fee Credit Cards

0% intro APR offer

This card offers a 0% intro APR on balance transfers and purchases for the first 15 billing cycles. There is a balance transfer fee of 3% of the amount transferred with a $5 minimum, which is a common fee, and transfers must be made within 60 days of account opening.

If you're paying off credit card debt, this card can help you pay less interest in the process. Note that there are balance transfer credit cards with a longer 0% intro period, and those are worth considering if your primary card need is to pay off debt.

Travel and consumer protections

Thanks to its Visa Signature status, the U.S. Bank Cash+® Visa Signature® Card includes the following coverages on eligible purchases:

  • Auto rental damage collision waiver
  • Extended warranty coverage of up to one additional year on warranties of three years or less
  • Purchase protection against damage or theft within 90 days of the purchase date

Because these benefits are offered by Visa, rather than U.S. Bank, you may need to go through Visa to file a claim. Check your cardholder agreement for details on your specific benefits.

Alternatives to consider

If you want a higher base cash-back rate: The Wells Fargo Active Cash® Card offers unlimited 2% cash rewards on purchases. You'll earn a competitive rate on all your eligible spending, and you won't need to activate bonus categories.

If you want cash back and a longer 0% Intro APR for balance transfers: The Citi® Double Cash Card – 18 month BT offer could be a good pick. It offers up to 2% cash back - 1% when you buy, 1% when you pay -- and packs in a long 0% Intro APR for balance transfers for 18 months.

Read more: Best 0% Intro APR Credit Cards

As of Aug. 11, 2022
Image for
Image for
Wells Fargo Active Cash® Card Citi® Double Cash Card – 18 month BT offer
Apply Now for Wells Fargo Active Cash® Card

On Wells Fargo's Secure Website.

Rates & Fees

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Welcome Offer: Info Icon Circle with letter I in it.

$200 cash rewards offer

Welcome Offer: Info Icon Circle with letter I in it.

$200 cash back

Rewards Program:

2% cash rewards

Rewards Program: Info Icon Circle with letter I in it.

Up to 2% cash back

Intro APR: Info Icon Circle with letter I in it.

Purchases: 0% intro APR, 15 months from account opening

Balance Transfers: 0% intro APR, 15 months from account opening on qualifying balance transfers

Intro APR: Info Icon Circle with letter I in it.

Purchases: N/A

Balance Transfers: 0%, 18 months

Regular APR:

17.24%, 22.24%, or 27.24% (variable)

Regular APR:

16.24% - 26.24% (Variable)

Annual Fee:

$0

Annual Fee:

$0

Highlights:

  • Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
  • Earn unlimited 2% cash rewards on purchases
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 17.24%, 22.24%, or 27.24% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
  • $0 annual fee
  • No categories to track or remember and cash rewards don't expire as long as your account remains open
  • Enjoy a premium collection of benefits at a selection of the world's most intriguing and prestigious hotel properties with Visa Signature Concierge
  • Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card. (subject to a $25 deductible).
  • Select “Apply Now” to learn more about the product features, terms and conditions

Highlights:

  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Apply Now for Wells Fargo Active Cash® Card

On Wells Fargo's Secure Website.

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What could be improved

There are a few areas where this cash back card could be better.

Bonus category options

The bonus categories on the U.S. Bank Cash+® Visa Signature® Card -- specifically the 5%-back categories -- may not be the best for everyone. Here are some examples of 5%-back categories U.S. Bank has offered:

  • Fast food
  • Movie theaters
  • Gyms and fitness centers
  • Furniture stores
  • TV, internet, and streaming services
  • Home utilities

With the possible exception of home utilities, these aren't areas where the typical consumer likely spends a lot of money. That makes it hard to max out your cash back each quarter. So, while choosing your bonus categories is a nice perk, it loses its appeal if you don't spend much in any of the available categories.

And though the 2%-back categories offer broader options, such as groceries, gas stations, and restaurants, you only get to pick one. Additionally, a number of rewards credit cards offer much better rates in the same categories. Make sure to compare credit cards to see which cards will help you maximize your rewards.

Cash back redemption minimum

Although you can potentially earn lots of rewards by maxing out your 5% categories each quarter, you won't necessarily be able to redeem that cash back right away. That's because the U.S. Bank Cash+® Visa Signature® Card has a $25 minimum threshold for cash back redemption.

But don't wait too long to redeem that cash back once you hit the minimum threshold. Your cash back rewards will expire 36 months after the billing cycle in which they're earned.

See more options: Best U.S. Bank Credit Cards

Find the best credit card for your needs

Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.

Suggested credit score

The U.S. Bank Cash+® Visa Signature® Card is aimed at consumers who have good-to-excellent credit scores, which means a FICO® Score of at least 670 is recommended. Your credit score isn't the only factor that decides whether you get the card or not, but a higher score does give you a better chance of an approval.

The U.S. Bank Cash+ is right for you if:

If your biggest expenses are in popular categories, such as groceries or dining, other cards can earn you more back. But the U.S. Bank Cash+® Visa Signature® Card shines when you can take advantage of its unique 5%-back categories, it's sign-up bonus, or the 0% Intro APR. For example, if you spend quite a bit on TV and streaming services or on home utilities, then this cash back card could be a winner.

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