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Being able to earn up to 5% back on two purchase categories of choice is a compelling reason to get the U.S. Bank Cash+® Visa Signature® Card. This card offers competitive cash back rewards on many categories that can be easy to maximize on a daily or consistent basis. Our review helps you decide if this card is a good fit for your spending or if you should consider other travel or cash back credit cards.
The information for the U.S. Bank Cash+® Visa Signature® Card has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
U.S. Bank Cash Visa Signature Card Review
The U.S. Bank Cash+® Visa Signature® Card is a tiered rewards cash back credit card without an annual fee (see rates & fees). Select bonus categories earn up to 5% back and 2% back along with 1% back for non-bonus purchases.
You can redeem your purchase rewards as a credit card statement credit or by depositing into qualifying U.S. Bank checking, savings, more money market accounts. Unfortunately, a $25 minimum balance is required to cash out which is relatively high as many cash back credit cards have no redemption minimum in most cases.
Credit Score Needed
U.S. Bank doesn’t disclose the minimum credit score necessary for the Cash Plus Visa Card or other U.S. Bank credit cards, but suggests that most products require good or excellent credit.
So, you should consider applying with a score between 670 and 850. Typically, waiting to have a score above 700 places you firmly in the good credit score range and can lighten the non-credit application factors such as your income and current monthly expenses.
Related: Credit Score Needed For The Best Travel Rewards Credit Cards
U.S. Bank Cash Visa Signature Card Categories
This rewards U.S. Bank Cash Visa Signature Card earns up to 5% back on select purchases:
- 5% back on prepaid air, hotel, and car reservations booked directly in the Rewards Travel Center
- 5% back on the first $2,000 in combined quarterly spending on two categories of choice
- 2% back on one everyday category
- 1% back on all non-bonus purchases
5% Bank Categories
For many, the best reason to consider the U.S. Bank Cash Visa Signature Card is for the opportunity to earn 5% back on the first $2,000 in combined eligible purchases each quarter (then 1% back).
The 5% back category options include:
- Cell phone
- Department stores
- Electronic stores
- Fast food
- Furniture Stores
- Ground Transportation
- Gyms and fitness centers
- Home utilities
- Movie theaters
- Select clothing stores
- Sporting goods stores
- TV, internet, and streaming services
You can choose two categories each quarter and must enroll to receive bonus cash back. While having to activate your 5% bonus categories each month is a minor hassle, this flexibility makes it easier to maximize your spending if your spending habits change seasonally.
The wide variety of rewards categories helps make the U.S. Bank Cash Plus one of the best credit cards for everyday spending.
2% Back Categories
You are able to choose from one of three everyday categories to earn unlimited 2% back:
- Gas and EV charging stations
- Grocery stores
- Restaurants
This can be a competitive cash back rate as you have the peace of mind of not encountering a quarterly or monthly spending cap like some competing products practice that can result in your excess spending only receiving the base rate.
All remaining purchases outside of the 5% and 2% back receive 1% back.
Related: The Best Credit Card Reviews (Cash Back, Travel, and More)
Redeeming Rewards
There are three different redemption options once your rewards balance reaches $25:
- Statement credit
- Deposit into a U.S. Bank savings, checking, or money market account
- U.S. Bank Rewards Card
For instance, you may deposit your rewards into a U.S. Bank Smartly Checking Account if you prefer spending your cash back on other purchases instead of reducing your card balance to offset recent spending.
U.S. Bank Cash Visa Signature Card Signup Bonus
New U.S. Bank Cash+® Visa Signature® Card cardmembers can earn a $200 rewards bonus after spending $1,000 on eligible purchases during the first 120 days.
The signup bonus is competitive with similar cash back credit cards and travel credit cards without an annual fee.
Related: The Best Limited-Time Credit Card Offers
Additional Benefits
Like most no-annual-fee cash back credit cards, the additional benefits are minimal. One perk of note is the ability to earn bonus cash back with the Rewards Center Shopping Deals program.
Many rewards credit cards have similar shopping portals to get extra points or cash back at participating online merchants. Simply visit the credit card portal, activate a shopping session, and pay with your Cash+ Visa to earn more rewards on the net purchase amount (excluding taxes and shipping).
This card is a Visa Signature product and can enjoy Visa-issued benefits such as trip protection and secondary rental car coverage. The precise benefits differ by product and card issuer and are listed in the card benefits guide.
Card Fees
There is no annual fee but a 3% foreign transaction fee applies.
You may also encounter a fee of up to $41 for late payments or returned payments.
Related: What Credit Cards Have No Foreign Transaction Fees?
U.S. Bank Cash Visa Signature Card Pros and Cons
Here are the strengths and weaknesses of this cash rewards card.
Pros
- Customizable bonus categories
- No annual fee
- Cash back redemptions
Cons
- $25 minimum redemption
- 5% bonus categories have a quarterly earnings cap
- 3% foreign transaction fee
Is the U.S. Bank Visa Cash Visa Signature Card Worth It?
Consider applying for the U.S. Bank Cash+® Visa Signature® Card if you can regularly use the 5% and 2% bonus categories. Further, you must be comfortable with the $25 redemption minimum which is easy to achieve if you spend a few thousand each month but can take a long time if this is a secondary card and you have too many credit cards.
Other cash back cards can have more practical bonus categories. You may also consider a flat-rate card that earns 1.5% back or 2% back on all purchases when simplicity is the better option.
Summary
With the U.S. Bank Cash Visa Signature Card, being able to choose your 5% bonus categories is a unique trait, especially as one of your options can be home utility bills. There is also a wide variety of store types where large purchases are likely. Finally, you won’t pay an annual fee, making this card an excellent long-term option for building credit for free.
