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Editor's note:
This card is no longer offered. Instead, check out the U.S. Bank Cash+® Visa Signature® Card.In the credit card world, there are banks that offer well-known credit cards like Chase and Capital One®. While these banks are top of mind for many credit card users, other banks sometimes get overlooked. It would be a large miss if you were to overlook U.S. Bank credit card offers. For someone wanting simple and effective cashback, the U.S. Bank Cash 365 American Express Card should be in high consideration for a spot in their wallet.
In this article, you will learn all about the U.S. Bank Cash 365 American Express Card and why it should not be overlooked — including this card’s surprising benefits, perks, and rewards-earning potential.
Easy Category-Free Cash Back
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U.S. Bank Cash 365 American Express Card
Current Offer
$150 welcome bonus after spending $500 on purchases in the first 3 months
Annual Fee
$0
Rewards Rate
unlimited 1.5% cash back on every purchase
Who should get this card?
The U.S. Bank Cash 365 American Express Card is a very flexible card that nearly anyone can get value from. With unlimited cash back on all purchases, great travel and purchase coverages, and easily redeemable cash rewards, this card can be a great choice for many consumers.
Also, if you are looking to establish a “relationship” with U.S. Bank to qualify for premium credit cards, this card would be a great start. For example, the U.S. Bank Altitude Reserve Visa Infinite Card requires you must already have a prior established relationship with U.S. Bank before you can qualify to be a cardholder. And premium cards like the U.S. Bank Altitude Reserve can earn you valuable points for travel costs such as airfare and hotels, so they’re definitely worth aspiring to have.
If you are still pondering the cash back versus miles rewards debate, you can have the best of both worlds if you open a American Express U.S. Bank Cash 365 card first, and then qualify for the U.S. Bank Altitude Reserve. If you value both cashback earnings and credit card perks equally, the U.S. Bank Cash 365 American Express Card alone could be a great fit for your cashback earning strategy.
Card basics
| Card Issuer | American Express |
| Annual Fee | $0 |
| Welcome Bonus | $150 welcome bonus after spending $500 on purchases in the first 3 months |
| Recommended Credit Score | Excellent |
| Intro APR | 0% for 12 months for balances transferred within 60 days from account opening, then 15.74% to 25.24% (variable) |
| Foreign Transaction Fee | 2% of each transaction after conversion to US dollars |
Top card benefits
- Easy welcome offer: You can earn a $150 welcome bonus after spending $500 on purchases in the first 3 months. This bonus will be applied to your rewards balance 6-8 weeks after you complete the spending requirement.
- Unlimited cash back: There is no limit to the cash back you can earn with the U.S. Bank Cash 365 American Express Card. Because of this, you could consider this a great card for your everyday purchases.
- Travel protections: Travel is great — until things go wrong and all your plans unravel. With the U.S. Bank Cash 365 American Express Card, you will have access to emergency assistance as well as car rental loss and damage insurance.
- Purchase protections: We have all been in the situation where a purchase doesn’t go as well as planned. When you use your U.S. Bank Cash 365 American Express Card, your purchase will be eligible for an extended warranty, return protection, and retail protection.
- Further points earnings in the future: Just having the U.S. Bank Cash 365 American Express Card qualifies as establishing a “relationship” with U.S. Bank. Once you have done that, you will be eligible for premium credit cards such as the U.S. Bank Altitude Reserve, which require you to have a prior relationship with U.S. Bank.
- Intro balance transfer APR: You will enjoy an introductory 0% APR for the first 12 months for balances transferred within 60 days from account opening (then 15.74% to 25.24% (variable)).
Earning & redeeming
Best ways to earn
With the U.S. Bank Cash 365 American Express Card, you will be earning unlimited 1.5% cash back on every purchase. Since this card does not have any specific spending categories (i.e. supermarkets, gas, etc.), you can rest assured all your purchases will be earning the highest rate possible.
While this card may not have the highest cashback rate out there, you may actually be fine with that. For many of us, it can become tedious to have cards with multiple spending categories and have to track each one to get the most out of it. With this U.S. Bank card, all your purchases will be earning you cash back all the time.
Therefore, the best way to earn cash back with the U.S. Bank Cash 365 American Express Card is to use the card for as many expenses as possible. The more you spend on the card, the more cash back you will earn. However, it is never recommended to spend beyond your means simply to earn cash back. Don’t think of the reward as an incentive to spend, but rather a way to maximize the savings on purchases you would make anyway.
Maximizing your redemptions
The cash back you earn with the U.S. Bank Cash 365 American Express Card can be redeemed in three different ways:
- Statement credit: You can have your cash back will go straight toward your monthly statement amount.
- Direct deposit: If you also bank with U.S. Bank, you can move your rewards directly into your checking or savings account. This can be done in any amount.
- Rewards card: This is a debit card issued to you by U.S. Bank that will be loaded with your cashback rewards. There is a minimum redemption amount of $20 to initiate having a debit card sent to you. The card can then be reloaded in $5 increments.
Of these three options, the most practical is the statement credit as there is no minimum amount needed for this redemption method and its applied directly to your spending.
Common questions
What is the credit limit for the U.S. Bank Cash 365 American Express Card?
There is no published credit limit on the U.S. Bank Cash 365 American Express Card. Your credit limit will be determined based on your credit reports and how U.S. Bank evaluates them.
Does the U.S. Bank Cash 365 American Express Card have price protection?
Yes, it does. It is called “retail protection” on their website, but the U.S. Bank Cash 365 American Express Card does offer price protection. With price protection, you can receive a reimbursement if you find the same item for a lower price within 30 days of your purchase. To make a retail protection claim, simply find a print ad for the same product and give U.S. Bank a call at (855) 327-1424.
Do U.S. Bank cash rewards expire?
No, the cash rewards you earn with the U.S. Bank Cash 365 American Express Card never expire.
Does the U.S. Bank Cash 365 American Express Card have a foreign transaction fee?
Yes, it does. The foreign transaction fee is 2% of each transaction after conversion to US dollars.
What credit score is required to open a U.S. Bank Cash 365 American Express card?
You will need an excellent credit score in order to qualify for the U.S. Bank Cash 365 American Express Card.
Other cards to consider
If the U.S. Bank Cash 365 American Express Card isn’t exactly what you need, there are plenty of other cashback credit cards to earn rewards with. Here are two options to consider.
The Capital One Quicksilver Cash Rewards Credit Card is a similar card to the U.S. Bank Cash 365 American Express Card. You will earn 1.5% cash back on every purchase, every day; and 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply). This card also has a great welcome offer where you can earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. However, the cards are different in some of their ancillary features. With the Capital One Quicksilver Cash Rewards card, you will have complimentary concierge service, a 0% intro APR for 15 months on purchases (then 19.49% - 29.49% (Variable)), and no foreign transaction fee.
The Chase Freedom Unlimited® is an outstanding card for valuable cashback rewards. With the Chase Freedom Unlimited, you will earn 6.5% cash back on travel purchased through Chase Travel℠, 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service and 3% cash back on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, earn 5% cash back on travel purchased through Chase Travel℠, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service and unlimited 1.5% cash back on all other purchases. You can earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year). You will also have a 0% intro APR for 15 months on purchases (then 19.74% - 28.49% Variable).
Check out our list for even more of the best cashback credit cards.
Easy Category-Free Cash Back
U.S. Bank Cash 365 American Express Card
Why We Like It
$150 welcome bonus after spending $500 on purchases in the first 3 months
See how these cards compare:
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Capital One Quicksilver Cash Rewards Credit Card
- Has a $0 annual fee
- Has an easy-to-earn welcome offer
- Offers a simple rewards program and flexible redemption methods
- Comes with intro APR offers on purchases and balance transfers
- Doesn’t charge foreign transaction fees
- Rates and fees
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Chase Freedom Unlimited®
- High base rewards rate of 1.5%
- $0 annual fee
- Valuable welcome bonus for new cardholders
- Intro APR offers for purchases and balance transfers