U.S. Bank Cash+ Visa Signature Card Review – Is It For You?

U.S. Bank Cash+ Visa Signature Card is a Visa credit card issued through one of the largest US lending institutions, U.S. Bank. U.S. Bank is over 50 years old with a long history of providing financial products, including credit cards. U.S. Bank Cash+ Visa Signature Card is a cashback card that allows cardholders to choose their spending categories each quarter in which they can earn the highest cash back. This card also has a generous sign-up bonus and an introductory 0% rate on balance transfers. This card is a Visa card and is widely accepted. It is also a signature branded card meaning there are additional protections and benefits offered through Visa.

U.S. Bank Cash+ Visa Card

4.3/5

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On US Bank Secure Website

Our Bottom Line

Maximize Casj Back on Everyday Purchases

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Credit Rating Requirements

Good – Excellent Credit

Pros

• Cashback Sign-Up Bonus

• 0% APR Introductory Rate on Balance Transfers

Cons

• Restriction on Cash Bonuses

• Balance Transfer Fee

Highlights

• get 5% back on category purchases (picked by cardholder)
• 2% cash back on everyday purchase categories
• 1% cash back on all other spending

 
Here’s a summary of the main pros & cons (click to see explanation or scroll down):

Benefits

Let’s take a look at the benefits of the U.S. Bank Cash+ Visa Signature card and see if it’s the right one for your wallet or not.

Cashback Sign-Up Bonus

U.S. Bank Cash+ Visa Signature card offers a $150 cashback bonus after you spend $500 on your new card within the first 90 days on eligible purchases

5%,%2, %1 Cash Back

U.S. Bank Cash+ Visa Signature card earns 5% back on purchases that the cardholder chooses. This 5% applies up to $2,000 in spending each quarter. You can also earns 2% cash back on everyday purchase categories such as gas or groceries and 1% cash back on all other spending.

0% APR Introductory Rate on Balance Transfers in the First 12 Months

If you are looking to save money on interest, the U.S. Bank Cash+ Visa Signature card offers a 0% introductory rate for 12 months on balance transfers. If you have a credit card that you are trying to pay down, you can transfer the account and pay no interest on the transfer for 12 months.

No Minimums for Redemption

The U.S. Bank Cash+ Visa Signature card does not have a minimum for the redemption of rewards.

Choose Spending Categories

U.S. Bank Cash+ Visa Signature card allows cardholders to pick their spending categories. Many other cards in the market do not allow their customers to choose their categories, but do let the cardholder know what the category is every quarter.

Visa Signature Card

This card is a Visa Signature card and as such it offers many perks and protections though VIsa. These include:

• Purchase Security
• Auto Rental Collision Damage Waiver
• Lost Luggage Reimbursement
• Travel and Emergency Assistance
• Extended Warranty
• Roadside Assistance
• 24/7 Concierge Service

Drawbacks

Here are the most important cons you should consider before apply to the U.S. Bank Cash+ Visa Signature card:

Restriction on Cash Bonuses

U.S. Bank Cash+ Visa Signature card will issue rewards in cash to customers of U.S. Bank. If you are not a U.S. bank customer, you cannot receive your reward in cash. U.S. Bank customers can have their cash rewards deposited directly into their bank account.

2%-3% Foreign Transaction Fee

The U.S. Bank Cash+ Visa Signature card has a foreign transaction fee of 2-3%. If traveling, leave this card at a home for one that does not have the fee.

Balance Transfer Fee

There is a balance transfer fee required if you want to take advantage of the introductory 0% APR rate. The fee is incurred when you transfer debts from one or more credit cards to your U.S. Bank Cash+ Visa Signature card. This fee is $5 or 3% of the transfer, whichever is bigger. This fee is upfront and will be added to your debt load when transferred.

Opt in Every Quarter

Cardholders of the U.S. Bank Cash+ Visa Signature Card need to opt in or choose their purchase categories every quarter. This requires cardholders to keep track of when they need to choose their spending categories. This can be a pain for some customers to keep track of. If you do not opt in, your spending will default to the 1% cash back on all spending.

0% Introductory Rate Applies Only to Balance Transfers

U.S. Bank Cash+ Visa Signature card introductory rate only applies to balance transfers and not purchases. If you are looking for a long introductory rate for a major purchase, this may not be the card for you.