U.S. Bank Cash+™ Visa Signature® Card review
Why you can trust Bankrate
At Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to:
- Meet you wherever you are in your credit card journey to guide your information search and help you understand your options.
- Consistently provide up-to-date, reliable market information so you\'re well-equipped to make confident decisions.
- Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you.
At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
How We Make Money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
This content is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate.com. HomeInsurance.com LLC services are only available in states were it is licensed and insurance coverage through HomeInsurance.com may not be available in all states. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
U.S. Bank Cash+™ Visa Signature® Card Overview
Looking to generate plenty of cash back with your next credit card? The U.S. Bank Cash+™ Visa Signature® Card could be the right choice.
This card offers a generous rewards structure of 5 percent cash back on purchases you make in two spending categories of your choice (up to $2,000 in combined purchases per quarter, then 1 percent), meaning you can tailor your cash back bonuses to your spending habits. If you’re always looking for the latest electronic gadgets, you can select cash back for purchases made at electronics stores, for example. Ready to furnish your apartment or home? You can instead select furniture stores to earn heightened cash back rewards.
If you use this cash back credit card wisely, you could generate plenty of cash on the purchases you’re most likely to make.
What are the advantages and disadvantages?
- Spending limits: The chance of earning 5 percent cash back on some purchases is nice, but you’re limited to just $2,000 worth of combined purchases in these categories each quarter. If you’re a frequent shopper, it could be easy to hit that limit each quarter.
- Not many perks: The Cash+ Visa Signature doesn’t come with many additional perks. The benefits pretty much end with the welcome bonus.
A deeper look into the current card offer
- Rewards rate: 5 percent cash back on purchases in two categories of your choice (up to $2,000 in combined purchases per quarter, then 1 percent): 2 percent cash back on one everyday category; 1 percent back on all other purchases
- Welcome offer: $200 bonus when you make $1,000 in eligible net purchases in the first 120 days of account opening
- Annual fee: No annual fee
- Purchase Intro APR: None
- Balance transfer intro APR: 0 percent intro APR offer for 18 billing cycles if you transfer a balance in the first 60 days of opening your account
- Regular APR: 13.99 percent to 23.99 percent variable
Current welcome offer
If you spend $1,000 in eligible purchases with your U.S. Bank Cash+ Visa Signature in the first 120 days of opening your account, you’ll earn a $200 rewards bonus. This might not be the most generous welcome reward, but it is an easy one to attain; spending $1,000 in three months is not a particularly challenging hurdle.
One of the selling points of the U.S. Bank Cash+ Visa Signature is its flexible cash back rewards program. Depending on your purchases, you can earn cash back at one of three levels.
Earning cash back
Each quarter, you have the option of choosing two spending categories that will earn you 5 percent cash back. Just be aware: you’ll only earn that 5 percent cash back on up to $2,000 worth of combined purchases each quarter in your two categories. If you spend too much, then, you can easily max out the 5 percent cash back bonus before the quarter ends, then earning 1 percent back on each purchase.
For the fourth quarter of 2020, the 5 percent cash back categories are:
- TV, Internet and streaming services
- Home utilities
- Ground transportation
- Select clothing stores
- Cellphone providers
- Electronics stores
- Gyms and fitness centers
- Fast food outlets
- Sporting goods stores
- Department stores
- Furniture stores
- Movie theaters
You can also earn 2 percent cash back on all purchases you make in one everyday category. For the fourth quarter of 2020, those categories are:
- Gas stations
- Grocery stores
You’ll earn 1 percent cash back with all other purchases you make with your card. Be sure to select your categories each quarter, because if you don’t, all purchases will earn just 1 percent cash back.
Redeeming cash back
You have options when it comes to redeeming your cash back rewards. You can choose to receive your cash back as a statement credit, something that will lower your credit card bill, or you can have your cash back deposited to a U.S. Bank savings, checking or money market account or receive it as a U.S. Bank Rewards Card. For this last option, you’ll need at least $20 in cash back.
How much are the rewards worth?
How much you receive in cash back depends on how much you spend each year. But if you spend $2,000 a quarter in the 5 percent category, $1,000 per year in a 2 percent category and $500 per month in the 1 percent category, you’ll have earned about $480 worth of cash back at the end of your first year with the U.S. Bank Cash+ Visa Signature.
If you also qualify for the $200 bonus—which you’ll get by charging $1,000 in eligible purchases within the first 120 days of opening your account—you’ll have about $680 in cash back rewards by the end of your first year.
The U.S. Bank Cash+ Visa Signature is ideal for people who like plenty of flexibility with their rewards programs, as well as consumers who spend a lot of money on certain items. For example, if you’re constantly charging quick-service lunches to your card during the week, you can select “fast food purchases” as your quarterly bonus category. If you have a favorite apparel store, on the other hand, you can choose the clothing store category for heightened cash back rewards.
Another perk? You can also choose two other categories for 2 percent cash back. These categories include gas stations, restaurants and grocery stores—retailers that most cardholders will charge plenty of purchases at throughout a year.
Flexible cash back redemption
You can receive your cash back as a statement credit, rewards card or a deposit to a U.S. Bank checking or savings account.
Zero fraud liability
This perk protects you in case someone uses your card to make fraudulent purchases in your name.
Rates and Fees
- APR: 13.99 percent to 23.99 percent variable, based on your creditworthiness
- APR for balance transfers: 0 percent introductory APR for the first 18 billing cycles on balances transferred within 60 days after opening your account. After that, the APR for balance transfers is 13.99 percent to 23.99 percent variable
- Annual fee: $0
- Balance transfer fee: 3 percent of the amount of each transfer or $5, whichever is greater
- Foreign transaction fee: 2 percent of each foreign transaction in U.S. dollars and 3 percent of each foreign transaction in a foreign currency
- Late payment fee: Up to $40
- Returned payment fee: Up to $40
- Overlimit fee: $0
How the U.S. Bank Cash+ Visa Signature compares to other cash back cards
There are plenty of other credit cards that you can choose as a supplement to the U.S. Bank Cash+ Visa Signature. You might, for instance, choose a credit card that provides greater cash back rewards when you dine at restaurants, such as the Capital One SavorOne Cash Rewards Credit Card. Or, maybe you’ll supplement the card with one that provides more rewards when you shop online.
Best cards to pair with the U.S. Bank Cash+ Visa Signature
The U.S. Bank Cash+ Visa Signature provides plenty of flexibility for consumers hoping to earn cash back for their purchases each month. But that doesn’t mean you can’t find other credit cards that can provide an even bigger boost to your cash back savings when you pair them with the Cash+ Visa Signature.
The Capital One SavorOne Cash Rewards Credit Card is a good choice if you plan on spending plenty of money at restaurants and on entertainment in the future. The card provides unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases.
When you pair this with the Cash+ Visa Signature, you could earn 3 percent cash back at your favorite restaurants while also earning 5 percent cash back at furniture stores, sporting goods stores, gyms and department stores (on up to $2,000 in combined purchases each quarter). It can add up to a significant amount of cash back each month.
The Bank of America® Customized Cash Rewards credit card is a solid addition to your wallet when it comes to online shopping. This card provides 3 percent cash back in the category of your choice, with one of those categories being online shopping (up to $2,500 in combined purchases each quarter). The card also offers 2 percent cash back at grocery stores and wholesale clubs and 1 percent back on all other purchases.
By combining this with your Cash+ Visa Signature, you’ll get a good amount of cash back whether you’re shopping online or at brick-and-mortar locations.
Bankrate’s Take—Is the U.S. Bank Cash+ Visa Signature worth it?
The Cash+ Visa Signature is a nice choice if you spend a lot each month on the card’s set of spending categories. But if you spend too much in those 5 percent categories (over $2,000 every three months), you might blow past the spending limit each quarter. If you’re worried about spending too much, it might make more sense to choose a credit card that comes with flat-rate cash back on all purchases.
The information about U.S. Bank Cash+™ Visa Signature® Card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.