U.S. Bank Cash+ Visa Signature Card Review [2021]: A No-Annual-Fee Card That’s Got Earning Power

The U.S. Bank Cash+ Visa Signature Card is great if you’re looking to maximize your cashback earnings and keep fees to a minimum.
Last updated Nov 11, 2021 | By Sarah Li Cain

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There is no shortage of credit cards that offer enticing rewards. But many come at a price — an annual fee.

But if you want to maximize and customize your rewards without that expense, the U.S. Bank Cash+ Visa Signature Card could be the one for you. Cardholders can choose their bonus categories to earn up to 5% cash back with a $0 annual fee.

Read on to find out more about the card, including its top benefits, who it’s best suited for, and the best ways to maximize your earnings and redemptions.

Cash Back in Categories You Choose!

U.S. Bank Cash+ Visa Signature Card

U.S. Bank Cash+ Visa Signature Card

U.S. Bank Cash+ Visa Signature Card

Intro Offer

$200 cash back

Annual Fee

$0

Rewards Rate

up to 5% cash back

Benefits and Drawbacks

Benefits

  • $200 sign-up bonus
  • No annual fee
  • 0% intro APR on balance transfers
  • Up to 5% cash back on eligible purchases

Drawbacks

  • Has foreign transaction fee
Card Details
  • Earn $200 cash back after spending $1,000 in the first 120 days
  • 5% cash back on two chosen categories (up to $2,000 quarterly), 2% cash back on one chosen everyday category, and 1% cash back on all other eligible purchases
  • Intro balance transfer 0% offer: 0% for 18 billing cycles on balances transferred in the first 60 days then 13.99% to 23.99% (variable)

In this U.S. Bank Cash+ Visa Signature Card review:

Who should get the U.S. Bank Cash+ Visa Signature Card?

The U.S. Bank Cash+ Visa Signature Card is best for those who want to earn cashback rewards without having to pay an annual fee. Aside from the sign-up bonus — which offers Earn $200 cash back after spending $1,000 in the first 120 days — you can earn 5% cash back on two chosen categories (up to $2,000 quarterly), 2% cash back on one chosen everyday category, and 1% cash back on all other eligible purchases.

This is great for those who want to be more hands-on with their earnings approach and can take advantage of the bonus categories.

However, this card does require a good-to-excellent credit score, so if yours is less than stellar, you might want to consider another card. In addition, this card isn’t ideal for those who prefer a more hands-off approach to earning rewards, as you’ll need to register your bonus categories each quarter and ensure you make eligible purchases within a specified time frame to qualify. 

Card basics

Card type Cash Back
Credit card issuer U.S. Bank
Annual fee $0
Intro bonus Earn $200 cash back after spending $1,000 in the first 120 days of account opening
Rewards rate 5% cash back on two chosen categories (up to $2,000 quarterly), 2% cash back on one chosen everyday category, and 1% cash back on all other eligible purchases
Recommended credit score Excellent, Good
Intro APR 0% for 18 billing cycles on balances transferred in the first 60 days, then 13.99% to 23.99% (variable)
Foreign transaction fee 2% or 3%

U.S. Bank Cash+ Visa Signature Card benefits and perks

  • Generous welcome offer: New cardholders can earn Earn $200 cash back after spending $1,000 in the first 120 days.
  • No annual fee: You don’t need to pay an annual fee, which can save you some money considering many other rewards credit cards charge one.
  • High cashback rewards: Cardholders get 5% cash back on two chosen categories (up to $2,000 quarterly), 2% cash back on one chosen everyday category, and 1% cash back on all other eligible purchases. You must enroll in your chosen bonus categories every quarter.
  • Introductory APR: The U.S. Bank Cash+ Visa Signature Card offers an APR of 0% on balance transfers for the first 18 billing cycles on balances transferred in the first 60 days, then 13.99% to 23.99% (variable). Balance transfer fees are $5 or 3%, whichever is greater.
  • No limit on earnings: Aside from the bonus categories, there are no caps on earnings, and you can redeem your rewards anytime by logging into your account online.

Drawbacks to the U.S. Bank Cash+ Visa Signature Card

  • Has foreign transaction fee: This card has a foreign transaction fee of 2% or 3%. If you are planning an international trip, you may want to bring another card along instead. 
  • Complex rewards program: While this card offers generous cash back, it requires that you choose and activate spending categories each quarter to earn bonus cash. If you want simple, flat-rate cash back, this may not be the best card for you.

Earning & redeeming cash back with the U.S. Bank Cash+ Visa Signature Card

Best ways to earn

The best way to maximize your earnings is to take advantage of the bonus categories. Each quarter, enroll in the bonus categories of your choosing to earn either 5% or 2% cash back. During that quarter, use the U.S. Bank Cash+ Visa Signature Card whenever making purchases that are in those categories.

When choosing your categories, think about where you spend the most money. For example, if one of the bonus categories is gas stations and you have a long commute to work, you can choose that and use the card to fill up your tank during that quarter.

Maximizing your redemptions

Redeeming rewards is easy, as you can do so anytime online — choose between a statement credit, rewards card, or deposit in your U.S. Bank checking, savings, or money market account. Remember to redeem your rewards in a timely manner, as they’ll expire within 36 months. There are no minimum redemptions, with the exception of the U.S. Bank rewards card which requires a $20 minimum and must be redeemed in $5 increments.

U.S. Bank Cash+ Visa Signature Card FAQs

What kind of quarterly bonus categories does the U.S. Bank Cash+ Visa Signature Card offer, and how do I enroll in them?

The U.S. Bank Cash+ Visa Signature Card offers rotating categories for the 5% and 2% cashback offers. Examples of quarterly categories for 5% cash back include utilities, department stores, cell phone providers, fast food, fitness centers, and streaming services; the 2% cash back categories include gas stations, grocery stores, and restaurants. Note that Walmart and Target are not included in the department store category.

To choose your quarterly categories, you’ll need to log into your account to select them by the specified date each quarter. Otherwise, you’ll earn 1% cash back on your purchases.

What Visa Signature benefits come with the U.S. Bank Cash+ Visa Signature Card?

Here are some of the Visa Signature benefits that cardmembers get with the U.S. Bank Cash+ Visa Signature Card:

  • Auto rental collision damage waiver (secondary coverage)
  • Extended warranty protection for eligible purchases
  • 24/7 entertainment and travel concierge
  • Roadside dispatch services
  • Travel and emergency assistance services

What credit limits are available for the U.S. Bank Cash+ Visa Signature Card?

U.S. Bank doesn’t specify credit limits on their website. However, since this card requires a good-to-excellent FICO score, it may be safe to assume that there’s a fairly high limit since you may be seen as more creditworthy.


Other cards to consider

There are a few similarities between the Chase Freedom Flex and the U.S. Bank Cash+ Visa Signature Card. With the Chase Freedom, you can get 5% on Lyft rides (through March, 2022); 5% on rotating quarterly categories (on up to $1,500 spent) and travel purchased through the Chase Ultimate Rewards portal; 3% at restaurants (including takeout and delivery) and drugstores; and 1% on all other purchases. Plus, you can cash in on the sign-up offer: Earn $200 cash back after spending $500 on purchases in the first 3 months, plus earn 5% cash back on grocery store purchases (not including Target or Walmart; up to $12,000 in the first year).

With the Chase Freedom Flex, you have more flexibility when it comes to redeeming your rewards. You can redeem rewards for a statement credit, cash back, Amazon.com purchases, or travel through the Chase Ultimate Rewards portal.

If you're after simpler cash back, then the Citi Double Cash Card might be for you. The Citi Double Cash gives you up to 2% cash back on every purchase. Along with this, you’ll enjoy a 0% intro APR on balance transfers for 18 months, then 13.99% to 23.99% (variable).

Cash Back in Categories You Choose!

U.S. Bank Cash+ Visa Signature Card

U.S. Bank Cash+ Visa Signature Card

U.S. Bank Cash+ Visa Signature Card

Special Offer

Earn $200 cash back after spending $1,000 in the first 120 days

See how these cards compare:

Chase Freedom Flex
Chase Freedom Flex
  • $200 sign-up bonus
  • Up to 5% cash back on spending
  • 5% cash back on grocery store purchases (up to $12k your first year)
  • Lyft and DoorDash perks
Citi Double Cash Card
Citi Double Cash Card
  • 0% intro APR on balance transfers for 18 months
  • 2% cash back on all purchases - 1% when you buy and 1% when you pay
  • No annual fee

Author Details

Sarah Li Cain Sarah Li Cain is an experienced content marketing writer specializing in FinTech, credit, loans, personal finance, alternative investments, real estate, banking, international business and travel. Her work has appeared in Fortune 500 companies, publications and startups such as Transferwise, Wordpress, Pearson Teachability and KeyBank.