U.S. Bank Cash+TM Visa Signature(R) Card – Credit Sesame
EDITOR’S NOTE: The Chase Freedom(R), and the U.S. Bank Cash+TM Visa Signature(R) Card offers mentioned in this article are expired and are not available through our site
U.S. Bank Cash+TM Visa Signature(R) Card snapshot
Plenty of contenders vie to become ranked one of the better rewards credit cards, and also the U.S. Bank Cash+TM Visa Signature(R) Card comes on strong having a rewards program that's both generous and flexible. This card offers cash back within the spending categories that you select from a variety of options that U.S. Bank Cash+TM Visa Signature(R) Card offers. There isn't any annual fee. If you love getting the most cash back possible on every day purchases, continue reading to learn more about this card's benefits and features.
U.S. Bank Cash+TM Visa Signature(R) Card highlights
|Foreign transaction fee:||2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars;
3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency
|Rewards program:||Earn 5% cash return on your first $2,000 in combined eligible purchases each quarter on two categories you choose from select U.S. Bank eligible merchants
Earn 2% cash return on eligible purchases in your choice of one everyday category from select U.S. Bank eligible merchants
Earn 1% cash return on all your other eligible purchases
Note: Enroll each quarter into the categories of your choice, otherwise all of your eligible purchases will earn no more than 1% cash back
|We think it's great for:||People who are confident with a tiered rewards structure|
|We think these individuals must do more research:||People who prefer to have their rewards structure simple|
|Additional Information:||Terms and types of conditions apply|
Our Verdict: Perfect for heavy spenders who would like additional control over where they earn rewards
U.S. Bank Cash+TM Visa Signature(R) Card basics
The U.S. Bank Cash+TM Visa Signature(R) Card is a cash return rewards card with a unique twist. You choose which purchases provide you with the biggest bonus. You get at least 1% cash return on your other eligible everyday purchases, by having an chance to boost the cash back to 5% which applies to the first $2,000 in combined purchases each quarter on two categories you choose from categories that U.S. Bank offers. You earn 2% cash back on a single everyday category, in line with the category you select from categories that U.S. Bank offers. You have to enroll each quarter into the types of your choice, otherwise all of your eligible purchases will earn no more than 1% cash back.
This card doesn't have annual fee to nibble away at the rewards and it provides a 0% introductory Annual Percentage Rate (APR) for that first 12 billing cycles on any balances transferred within 60 days from account opening. There's a balance transfer fee of either 3% from the quantity of each transfer or $5 minimum, whichever is greater. Following the promotional period ends there is a variable Apr (APR) currently 13.99% to 23.99% according to your creditworthiness. Purchases, however, are subject to the standard variable APR, which currently ranges from 13.99% to 23.99%, according to your creditworthiness. You might want to keep that rate in your mind if you are the kind of spender who doesn't always pay off that which you charge entirely on your purchases.
U.S. Bank Cash+TM Visa Signature(R) Card Comparison
Chase Freedom(R) credit card
EDITOR’S NOTE: The Chase Freedom(R) charge card offer mentioned in this article is expired and is not available through our site
Card highlights we want to mention:
- Earn 5% cash return on as much as $1,500 in combined purchases in bonus categories each quarter that you activate. Earn 1% cash return on other purchases.
- There is no annual fee
The Chase Freedom(R) charge card is a cash back rewards card for individuals looking for a credit card with an chance of higher rewards rate. This card offers 5% cash return on up to $1,500 in combined purchases in bonus categories each quarter you activate, which equals $300 in cash return for the year should you hit the spending limit. That's under the $400 you'd potentially earn in 5% rewards with the U.S. Bank Cash+TM Visa Signature(R) card.
However, a brand new offer for Chase Freedom(R) – eligible new cardmembers who qualify earn a $200 bonus after spending $500 on purchases in the first 3 months from account opening. And produce 5% cash return on grocery store purchases (not including Target(R) or Walmart(R) purchases) on as much as $12,000 put in the very first year.
There’s no annual fee.
Terms and Conditions apply.
U.S. Bank Cash+TM Visa Signature(R) Card rewards
The U.S. Bank Cash+TM Visa Signature(R) Card's rewards program may look a little tricky at first but it's actually pretty easy to understand. You earn cash back rewards at three different levels: 1%, 2% and 5%.
The 5% cash back applies to the first $2,000 in combined eligible purchases each quarter made in two spending categories of your choice from the selection supplied by U.S. Bank.
If you maximize 5% cash return each quarter for that newbie of account opening, you earn $400 in cash back only for those purchases after 4 quarters in the newbie. When you hit the $2,000 spending limit, you still get 1% cash back in the categories you've selected until the new quarter begins. You will find the choice of sticking with the same categories or switching them out each quarter.
You will also get 2% cash back on a single spending group of your choice in the selection provided by U.S. Bank in the everyday category. Again, you can change your selection each quarter if you like. There's no cap how much cash return you can earn in the 2% level. You will get 1% cash back in your other eligible purchases.
Enroll each quarter in to the categories of your decision, otherwise all of your net purchases will earn a maximum of 1% cash return.
How can one redeem cash return rewards?
U.S. Bank offers three options for you to redeem your money rewards. First, you can redeem them for money by direct deposit to your U.S. Bank checking, savings account or money market account. Without having an account with U.S. Bank, you can redeem your rewards as a statement credit. Another choice is redeeming them for a U.S. Bank Rewards Card. If you go down that path, you might need a minimum of $20 in rewards to redeem there may be fees that affect the Rewards Card.
U.S. Bank Cash+TM Visa Signature(R) Card pros
On the pro side, the very best feature of the U.S. Bank Cash+TM Visa Signature(R) Card is its cash rewards program. While there are other cards which include a tiered rewards structure with bonus categories that change quarterly, they do not put you in the driver's seat with regards to choosing what those categories are.
If a quarterly bonus category is a you may never use, its real value is zero. With this card, you can tailor your rewards to the way you spend that is invaluable if you're focused on earning the most cash back possible.
Besides the rewards program, the 0% introductory APR on balance transfer promotions is also pretty sweet, as is the absence of a yearly fee. Although it's not a travel rewards card, there are several travel benefits included in the Visa Signature package (exclusions and limitations apply).
Plus, earn a $200 rewards bonus after you apply online and after spending $500 in eligible purchases within the first 90 days of account opening.
U.S. Bank Cash+TM Visa Signature(R) Card cons
The drawback may be the regular variable APR on purchases. Discover paying this card off every month, the interest charges could be expensive if you are at the higher end from the APR range. You might be earning a ton of cash back with the card but if you're paying a significant amount in interest, interest charges will cancel those rewards out. Also cash rewards expire Three years after the billing cycle in which they were earned.
Should you receive the U.S. Bank Cash+TM Visa Signature(R) Card?
We think the U.S. Bank Cash+TM Visa Signature(R) Card is worth a look for anybody who wants a a bit more flexibility in their rewards and it is okay with remembering to activate their bonus categories each quarter. If you are using this card for that majority of your spending, the long-term rewards can add up.
Looking at other cash return options can point you for the card that's going to be the greatest fit for your spending style. To create a more informed choice you'll find more information concerning the cards profiled in this article by going to each of the creditors websites.
Terms and types of conditions apply.