Us Bank Cash+tm Visa Signatureã‚â® Card Review

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The U.Southward. Bank Cash+™ Visa Signature® Card puts you in control of your rewards. Every quarter, y'all can choice and activate two categories where your bill of fare will earn 5% back on up to $2,000 in combined purchases. Is that offer every bit not bad as it sounds? Find out in this U.S. Bank Greenbacks+™ Visa Signature® Card review.

Intro APR

Purchases: 0% Intro on purchases, 15 billing cycles

Balance Transfers: 0% Intro on residual transfers, 15 billing cycles

Regular April

fourteen.24% - 24.24% (Variable)

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

• • Sign-upwardly bonus
  • Bonus categories of your choosing
  • No annual fee
  • 0% intro APR offer

  • No 0% intro APR on purchases
• • New! $200 bonus afterwards spending $ane,000 in eligible purchases within the first 120 days of account opening.
  • v% cash back on your first $2,000 in combined eligible purchases each quarter on two categories y'all cull.
  • 5% cash dorsum on prepaid air, hotel and car reservations booked straight 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 rest transfers for the first fifteen billing cycles. Afterwards that, a variable April currently 14.24% - 24.24%.
  • No Annual Fee.
  • Terms and weather condition apply.

Full U.S. Bank Cash+ review

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

Top perks

The U.S. Bank Greenbacks+™ Visa Signature® Carte du jour has several valuable features.

Sign-upwards bonus

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

Flexible rewards plan

The U.S. Bank Greenbacks+™ Visa Signature® Menu lets you choose the spending categories where you earn bonus cash dorsum. Here's how much y'all can earn:

• 5% back on the beginning $2,000 in combined purchases each quarter across ii categories of your option, such as home utilities, section 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 college cash back rates. Categories can change from quarter to quarter, although many remain the same.

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

No annual fee

Like many of the best cash dorsum credit cards, the U.South. Banking company Cash+™ Visa Signature® Carte du jour doesn't have an annual fee. This means you won't need to pay an annual maintenance fee just to keep your account open. Then, even though you may not max out your bonus cash back categories every quarter, yous don't demand to worry most earning enough cash back to brand up for the cost of a pricey annual fee.

0% intro Apr offering

This menu offers a 0% intro APR on balance transfers and purchases for the first xv billing cycles. At that place is a balance transfer fee of 3% of the amount transferred with a $v 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 tin can assistance 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 main menu 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:

• Car rental harm collision waiver
• Extended warranty coverage of up to one additional year on warranties of three years or less
• Purchase protection confronting damage or theft inside xc days of the buy appointment

Because these benefits are offered by Visa, rather than U.Due south. Depository financial institution, you may demand 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 y'all won't need to activate bonus categories.

If you want greenbacks back and a longer 0% Intro April for rest transfers: The Citi® Double Cash Card – 18 calendar month BT offer could be a skilful pick. Information technology offers upwards to 2% greenbacks back - one% when y'all buy, 1% when you pay -- and packs in a long 0% Intro Apr for residue transfers for eighteen months.

As of Apr. 01, 2022

Wells Fargo Agile Greenbacks℠ Card	Citi® Double Cash Card – 18 month BT offer
Rating image, 5.00 out of 5 stars. v.00 stars We want your money to piece of work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. Our ratings are based on a 5 star scale. v stars equals All-time. 4 stars equals Excellent. 3 stars equals Proficient. 2 stars equals Fair. 1 star equals Poor.	Rating image, five.00 out of five stars. 5.00 stars Nosotros desire your coin to work harder for y'all. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. Our ratings are based on a 5 star calibration. 5 stars equals Best. iv stars equals Fantabulous. iii stars equals Good. 2 stars equals Off-white. one star equals Poor.
Utilize At present for Wells Fargo Active Cash℠ Card On Wells Fargo's Secure Website.	Apply Now for Citi® Double Cash Menu – 18 month BT offering On Citi'southward Secure Website.
Read Total Review	Read Full Review
Rates & Fees
Credit Rating Requirement: Good/Splendid (670-850)	Credit Rating Requirement: Skillful/Excellent (670-850)
Welcome Offer: $200 greenbacks rewards offer	Welcome Offering: N/A
Rewards Program: ii% cash rewards	Rewards Program: Up to two% cash back
Intro APR: Purchases: 0% intro Apr, 15 months from account opening Balance Transfers: 0% intro APR, 15 months from account opening on qualifying remainder transfers	Intro APR: Purchases: N/A Residue Transfers: 0%, 18 months
Regular Apr: 15.24%-25.24% Variable APR	Regular Apr: 14.24% – 24.24%, variable
Almanac Fee: $0	Annual Fee: $0
Highlights: Earn a $200 cash rewards bonus later spending $1,000 in purchases in the first 3 months Earn unlimited 2% greenbacks rewards on purchases 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, and so a fifteen.24% to 25.24% variable Apr; rest transfers fabricated within 120 days qualify for the intro charge per unit and fee of three% and then a BT fee of up to 5%, min: $v $0 annual fee No categories to track or remember and greenbacks 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 protection on your jail cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Agile Cash℠ Card Select "Use Now" to acquire more than nearly the product features, terms and conditions	Highlights: Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an boosted 1% equally you pay for those purchases. To earn cash back, pay at to the lowest degree the minimum due on time. Residue Transfer Merely Offering: 0% intro APR on Balance Transfers for xviii months. Afterward that, the variable Apr will be 14.24% - 24.24%, based on your creditworthiness. Balance Transfers do non earn cash back. Intro APR does not apply to purchases. If you transfer a residual, involvement volition be charged on your purchases unless you pay your entire residual (including rest transfers) by the due date each month. There is an intro residuum transfer fee of 3% of each transfer (minimum $5) completed within the outset iv months of account opening. After that, your fee volition be 5% of each transfer (minimum $5). The standard variable April for Citi Flex Plan is 14.24% - 24.24%, based on your creditworthiness. Citi Flex Programme offers are fabricated available at Citi's discretion.
Utilize At present for Wells Fargo Active Greenbacks℠ Card On Wells Fargo's Secure Website.	Employ Now for Citi® Double Greenbacks Card – xviii month BT offer On Citi'southward 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.Due south. Bank Cash+™ Visa Signature® Card -- specifically the five%-back categories -- may non be the all-time for everyone. Here are some examples of 5%-back categories U.S. Bank has offered:

• Fast food
• Movie theaters
• Gyms and fettle centers
• Furniture stores
• Goggle box, net, and streaming services
• Dwelling utilities

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

And though the ii%-back categories offer broader options, such as groceries, gas stations, and restaurants, you only get to selection ane. Additionally, a number of rewards credit cards offer much better rates in the aforementioned categories. Make certain to compare credit cards to see which cards volition help y'all maximize your rewards.

Cash dorsum redemption minimum

Although you tin potentially earn lots of rewards past maxing out your 5% categories each quarter, you won't necessarily be able to redeem that cash back right away. That's considering the U.Southward. Bank Greenbacks+™ Visa Signature® Carte has a $25 minimum threshold for cash dorsum redemption.

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

Find the best credit bill of fare for your needs

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

Suggested credit score

The U.S. Bank Greenbacks+™ Visa Signature® Card is aimed at consumers who accept good-to-splendid credit scores, which ways a FICO® Score of at to the lowest degree 670 is recommended. Your credit score isn't the only gene that decides whether you get the bill of fare or not, but a college score does requite you a better take chances of an approval.

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

If your biggest expenses are in pop categories, such as groceries or dining, other cards can earn you more back. But the U.S. Banking concern Cash+™ Visa Signature® Carte du jour shines when yous can take advantage of its unique 5%-back categories, it's sign-upwards bonus, or the 0% Intro APR. For example, if you spend quite a bit on Television receiver and streaming services or on domicile utilities, then this cash back card could be a winner.

FAQs

• The credit limit for the U.S. Depository financial institution Cash+™ Visa Signature® Card varies from $300 to $twenty,000 or more. U.Due south. Bank has non published the credit limits for this bill of fare, so all values are cocky-reported by cardholders.

• Yes, this card has strange transaction fees. The fee varies based on the nature of the purchase:

  • 2% of each foreign transaction in U.S. dollars
  • 3% of each strange transaction in a strange currency

• This card can be somewhat hard to get, according to reports from applicants.

  Cardholders need good to splendid credit. A credit score of 670 or higher is typically considered to be good credit, but many reports suggest a score of 700 or more is needed for this bill of fare.

  Some reports also signal that U.Southward. Banking company prefers applicants who have not opened any other recent credit accounts inside the concluding vi months.

The Motley Fool owns shares of and recommends Visa.

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Source: https://www.fool.com/the-ascent/credit-cards/us-bank-cash-visa-signature-card-review/