U.S. Bank Cash+ Visa Signature Card Review: A No-Annual-Fee Card That’s Got Earning Power [2020]

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 Sep 13, 2020 | By Sarah Li Cain

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There are 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 no 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

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


Who should get this 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 $200 cash back after spending $500 in the first 90 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 good-to-excellent credit, 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
Card Issuer U.S. Bank
Annual Fee $0
Intro Bonus $200 cash back after spending $500 in the first 90 days
Recommended Credit Score Excellent, Good
Intro APR 0% for 12 billing cycles on balances transferred in the first 60 days
Foreign Transaction Fee 2% to 3%

Top card benefits

  • Generous welcome offer: You can earn $200 cash back after spending $500 in the first 90 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 balance transfer APR: The U.S. Bank Cash+ Visa Signature Card offers an APR of 0% for the first 12 billing cycles on balances transferred in the first 60 days.
  • 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.

Earning & redeeming

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 or savings account. Remember to redeem your rewards in a timely manner, as they’ll expire within 36 months.

Common questions

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, and streaming services; the 2% cash back categories include gas stations, grocery stores, and restaurants.

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 come 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 good-to-excellent credit, it may be safe to assume that there’s a fairly high limit since you’ll be seen as more creditworthy.

Other cards to consider

There are a few similarities between the Chase Freedom and the U.S. Bank Cash+ Visa Signature Card. With the Chase Freedom, you can get 5% cash back in rotating bonus categories (up to $1,500 in combined purchases per quarter) and 1% cash back on all other purchases. Plus, you can cash in on the sign-up offer: Earn a $200 cash back bonus after spending $500 in the first 3 months.

Though you can only earn 5% back on up to $1,500 in purchases with the Chase Freedom each quarter, you have more flexibility when it comes to redeeming your rewards. You can redeem rewards for 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.

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

$200 cash back after spending $500 in the first 90 days

See how these cards compare:

Chase Freedom Card
Chase Freedom Card
  • $200 sign-up bonus
  • No annual fee
  • 0% intro APR on purchases
  • 5% cash back in rotating bonus categories
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