U.S. Bank Cash+® Visa Signature® Card Review [2023]: 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 Feb. 7, 2023 | 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!

Current Offer

Earn a $200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening

Annual Fee

$0

Rewards Rate

5% cash back on two categories you choose (up to $2,000 in combined eligible purchases each quarter) and on prepaid air, hotel and car reservations booked directly in the Rewards Center; 2% cash back on one everyday category, like gas stations/EV charging stations, grocery stores, or restaurants; and 1% cash back on all other eligible purchases

Benefits and Drawbacks

Benefits

  • Earn a $200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening
  • No annual fee
  • Intro APR on purchases and balance transfers
  • Up to 5% cash back on eligible purchases

Drawbacks

  • Has foreign transaction fee
Card Details
  • $200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening.
  • 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose
  • 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards 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 balance transfers for the first 15 billing cycles. After that, a variable APR currently 18.99 - 28.99%
  • No Annual Fee
  • Terms and conditions apply.

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. You can earn 5% cash back on two categories you choose (up to $2,000 in combined eligible purchases each quarter) and on prepaid air, hotel and car reservations booked directly in the Rewards Center; 2% cash back on one everyday category, like gas stations/EV charging stations, grocery stores, or restaurants; 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. With the welcome bonus, you can also earn a $200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening.

However, this card does require a good-to-excellent credit score, so if yours is less than stellar, you might want to consider other credit cards. 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 a $200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening of account opening
Rewards rate 5% cash back on two categories you choose (up to $2,000 in combined eligible purchases each quarter) and on prepaid air, hotel and car reservations booked directly in the Rewards Center; 2% cash back on one everyday category, like gas stations/EV charging stations, grocery stores, or restaurants; and 1% cash back on all other eligible purchases
Recommended credit score Excellent, Good
Intro APR 0% for 15 billing cycles on purchases, then 18.99% - 28.99% (Variable)

0% for 15 billing cycles on balance transfers, then 18.99% - 28.99% (Variable)
Foreign transaction fee 2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars; 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency

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

  • Generous welcome offer: New cardholders can earn a $200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening.
  • 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 categories you choose (up to $2,000 in combined eligible purchases each quarter) and on prepaid air, hotel and car reservations booked directly in the Rewards Center; 2% cash back on one everyday category, like gas stations/EV charging stations, grocery stores, or restaurants; 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 intro APR of 0% on purchases for the first 15 billing cycles, then 18.99% - 28.99% (Variable) APR. You can also take advantage of a 0% intro APR on balance transfers for 15 billing cycles, then 18.99% - 28.99% (Variable). Balance transfer fees are 3% of the amount of each transfer or $5 minimum, whichever is greater.
  • Pay-over-time option: With the U.S. Bank ExtendPay Plan, you can split eligible purchases of $100 or more into equal monthly payments.
  • No limit on certain rewards rates: Aside from the 5% bonus categories, there are no caps on earnings with the other rewards rates, 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% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars; 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency. 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 5% on prepaid air, hotel, and car reservations booked directly in the Rewards Center and 1% cash back on all other eligible 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; 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.

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 18.49% - 28.49% (variable).

Cash Back in Categories You Choose!

Why We Like It

Earn a $200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening

See rates and fees

See how these cards compare:

Chase Freedom Flex℠
Chase Freedom Flex℠
  • Earn $200 cash back after spending $500 on purchases in the first 3 months
  • Up to 5% cash back on spending
  • Perks from Lyft, HelloFresh, and more
Citi® Double Cash Card
Citi® Double Cash Card
  • Earn up to 2% cash back on all purchases: 1% when you buy and 1% as you pay for those purchases
  • 0% intro APR on balance transfers for 18 months, then 18.49% - 28.49% (variable) APR
  • 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.