U.S. Bank Cash+ Visa Signature Card Review: Customizable Rewards and Great Intro Offer

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U.S. Bank Cash+™ Visa Signature® Card U.S. Bank Cash+™ Visa Signature® Card
Editor’s Score: (N/A)
Learn more externa link icon At our partner’s secure site
U.S. Bank Cash+™ Visa Signature® Card
Editor’s Score: (N/A)
  • Intro bonus:
    $200
  • Annual fee:
    $0*
  • Regular APR:
    13.99% – 23.99%* (Variable)
  • Recommended credit score:
    670-850 (Good to Excellent)
Rewards rate:

5% cash back on your first $2,000 in eligible net purchases each quarter on the combined two categories you choose. 2% cash back on your choice on one everyday category, like Gas Stations, Grocery Stores or Restaurants. 1% cash back on all other eligible net purchases.

NextAdvisor’s Take

Pros
  • Pick your bonus rewards categories
  • 0% intro APR offer for balance transfers
  • No annual fee
  • Cash welcome bonus offer
Cons
  • Quarterly caps limit 5% cash back
  • Introductory APR offer does not apply to purchases
  • Limited rewards redemption options
  • Must reactivate categories each quarter
The Bottom Line
The U.S. Bank Cash+ Visa Signature takes some thought to maximize, but can offer great savings. You’ll earn 5% back in two categories you choose each quarter, as well as 2% back in one of three everyday spending categories. There’s no annual fee, and an introductory offer for balance transfers can help you save by consolidating debt.

Additional Card Details

  • 0% APR on balance transfers for 18 billing cycles, followed by a variable APR of 13.99% to 23.99%
  • Zero fraud liability
  • Contactless payment options
  • Travel and purchase protections through Visa Signature program

U.S. Bank Cash+ Visa Signature Card Full Review

Card Type

The U.S. Bank Cash+ Visa Signature Card is a cash back credit card geared to individuals who use a credit card for everyday spending and bills. It’s similar to tiered bonus category cash back cards, but with added flexibility. You get to customize your rewards to your spending every quarter by changing your 5% and 2% cash back bonus categories every three months if you want.

Annual Fee

You won’t pay any annual fee for the U.S. Bank Cash+ Visa Signature Card.

Welcome Offer

You can earn $200 in bonus cash when you spend $1,000 on purchases within 120 days of account opening. 

Introductory Offer

The U.S. Bank Cash+ Visa Signature Card offers an introductory 0% APR on balance transfers for 18 billing cycles, followed by a variable APR of 13.99% to 23.99%. A 3% balance transfer fee (or $5, whichever is greater) applies, which is pretty standard among balance transfer offers.

Rewards

The U.S. Bank Cash+ Visa Signature Card offers 5% back on up to $2,000 in combined quarterly spending in two categories of your choice, then 1% back. Options for this card’s 5% back bonus categories include:

  • Fast food
  • TV, internet, and streaming services
  • Cell phone providers
  • Home utilities
  • Department stores
  • Electronics stores
  • Sporting goods stores
  • Movie theatres
  • Gyms/fitness centers
  • Furniture stores
  • Ground transportation

You’ll also earn unlimited 2% back in one everyday category which you also choose quarterly, among:

  • Grocery stores
  • Gas stations
  • Restaurants

You can find more information about which specific merchants are included in these categories from U.S. Bank. All other spending earns 1% cash back, and if you don’t activate choice categories each quarter, all your purchases earn 1% cash back.

Fees

The U.S. Bank Cash+ Visa Signature Card doesn’t charge an annual fee, but there are other fees to be aware of.

There’s a 2% to 3% foreign transaction fee depending on the currency foreign transactions are billed in. If you decide to transfer high interest debts to this card to take advantage of the 0% intro APR, you’ll pay a 3% (minimum $5) balance transfer fee. You may also incur a late fee or returned payment fee if you don’t pay your balance on time, both of which can cost up to $40.

Other Benefits

This card doesn’t offer many added benefits from U.S. Bank beyond its cash rewards. You’ll get standard zero fraud liability protection, contactless payment, and the ability to add your card to a mobile wallet.

However, there are a few added perks you’ll get from Visa as a Visa Signature cardholder. You can find the full list of eligible benefits on your card’s specific card agreement, but these include roadside dispatch, travel and emergency assistance services, emergency card replacement and cash disbursement, extended warranties, and more.

Benefits of U.S. Bank Cash+ Visa Signature Card

If you’re looking for a card that lets you customize your rewards, look no further than the U.S. Bank Cash+ Visa Signature Card. Since you get to pick your 5% back and 2% back categories among several options — many of which aren’t typically found on cash back cards — you can easily tailor your rewards program to the areas you spend the most every quarter.

The U.S. Bank Cash+ Visa Signature Card also comes with a balance transfer offer that’s on par with the Citi Double Cash Card and other top balance transfer credit cards. If you’re hoping to consolidate debt without interest for a limited time and with no annual fee, the U.S. Bank Cash+ Visa Signature is worth considering.

Drawbacks of U.S. Bank Cash+ Visa Signature Card

The U.S. Bank Cash+ Visa Signature Card has a limited rewards program, which might be a drawback for some users. You can only redeem cash back for a statement credit, a U.S. Bank prepaid debit card, or deposit to U.S. Bank savings, checking, or money market account. And you need to have a minimum reward balance of $25 before you can redeem. By contrast, many other cash back credit cards give cardholders the option to redeem points for statement credits, gift cards, merchandise, travel and more. 

This card may also require more strategizing than you’re looking for in a cash back card. You’ll need to activate your 5% and 2% choice categories each quarter, or you’ll forgo the bonus rewards and earn just 1% on all spending.

Also keep in mind that the 0% APR offer on the U.S. Bank Cash+ Visa Signature only applies to balance transfers. Many other cash back credit cards offer generous rewards as well as 0% APR on balance transfers and purchases for a limited time. For example, the rotating cash back Chase Freedom Flex card offers 0% APR on purchases and balance transfers for 15 months, followed by a variable APR of 14.99% to 23.74%. 

How to Use U.S. Bank Cash+ Visa Signature

As long as the spending is within your budget, start maximizing your U.S. Bank Cash+ card by making at least $1,000 in purchases within the first 120 days, so you can score the card’s $200 welcome bonus. That’s equal to about $250 per month. 

To make the most of the U.S. Bank Cash+ Visa Signature Card each quarter, you’ll want to look carefully over the available 5% and 2% bonus categories before you decide. Also remember that you must activate your card’s bonus categories each quarter to start earning the higher rate — even if you want to keep your categories the same. You can activate your bonus rewards by signing into your account on this page.

Once your rewards are activated, make sure you use your card to maximize rewards in the two 5% back categories you choose, at least for up to $2,000 in spending per quarter. You can earn up to $100 per quarter in these categories alone. And in the meantime, use your card as much as you can in the 2% back category of your choosing to earn unlimited cash back.

U.S. Bank Cash+ Visa Signature Card Compared to Other Cards

  • Intro bonus:
    $200
  • Annual fee:
    $0*
  • Regular APR:
    13.99% – 23.99%* (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site.
  • Intro bonus:
    N/A
  • Annual fee:
    $0
  • Regular APR:
    13.99% – 23.99% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site.
  • Intro bonus:
    $200
  • Annual fee:
    $0
  • Regular APR:
    14.99% – 23.74% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site.

Is the U.S. Bank Cash+ Visa Signature Card Right for You?

If you want the chance to tailor your rewards to your spending style, the U.S. Bank Cash+ Visa Signature Card can make a great addition to your wallet. Just keep in mind the quarterly spending cap on the 5% category rewards, and the requirement that you activate new categories each quarter. 

Since the U.S. Bank Cash+ Visa Signature Card only gives you 1% back after that, and on all other purchases that don’t qualify for your choice 2% category, combining it with another cash back card could help you gain even more value from your spending. For instance, you could pair it with a card like the Wells Fargo Active Cash℠ Card to earn 2% on all your spending that doesn’t fall into bonus categories. By pairing cash back cards with different rewards structures, you can maximize rewards on everything you buy and access more cardholder perks along the way.

Frequently Asked Questions

What is the credit limit on the U.S. Bank Cash+ Visa Signature Card?

Your credit limit will vary based on your creditworthiness, income and other factors.

Does the U.S. Bank Cash+ Visa Signature Card have foreign transaction fees?

The U.S. Bank Cash+ Visa Signature Card charges a 2% to 3% foreign transaction fee when you make purchases abroad. The percentage of this fee depends on whether your charge is made in a local currency or U.S. dollars.

What credit score do you need for the U.S. Bank Cash+ Visa Signature Card?

Like most rewards credit cards, the U.S. Bank Cash+ Visa Signature Card is geared to individuals with good or excellent credit. This means you’ll have the best chances of qualifying if your credit score is 670 or higher.

Do I have to choose the bonus categories for the U.S. Bank Cash+ Visa Signature Card every quarter?

Yes, you must activate your U.S. Bank Cash+ Visa Signature Card bonus categories every quarter to earn the higher rewards rate — even if you want to keep the previous quarter’s categories.