U.S. Bank Cash Plus Visa Signature Card Review-2021

By | September 14, 2021

The U.S. Bank Cash Plus Visa Signature Card is one of the most exciting and complicated cards. It has a unique cashback reward earning setup that allows the cardholders to choose two spending categories each quarter to make a cashback reward of 5%. The five percent cashback reward has a quarterly spending cap of $2,000. After that, an unlimited cashback of one percent is applicable.

Similarly, it also offers you a 2 percent cashback reward on the spending category of your choice.

For purchases made by you in any other spending category, you earn a cashback reward of 1 percent.

U.S. Bank Cash Plus Visa Signature Card offers you an introductory APR of 0% on balance transfers, valid for 18 months. However, it does not provide you with an introductory APR of 0% on purchases, which implies the regular APR of 13.99%-23.99% is applicable.

Moreover, it is a no Annual Fee card that does not charge you any penny for an annual fee. However, this card charges you a Foreign Transaction Fee of 2% (in case you make a purchase using U.S. Dollar), or you may be charged a Foreign Transaction Fee of 3% (in case you make a purchase using Foreign Currency).


What’s Ahead

  1. Key Highlights
  2. Pros-&-Cons
  3. Rates & Fees
  4. Why might you want to go for this card?
  5. Why might you want to go for a-different card
  6. What are the better alternatives to U.S. Bank Cash Plus Visa Signature Card?
  7. U.S.-Bank Cash Plus Visa Signature Card Vs. Discover it Cash back Credit Card
  8. U.S. Bank Cash Plus Visa Signature Card vs. Chase-Freedom Flex Card
  9. Bottom-Line: Is this the right card for you?
  10. Frequently Asked Questions

U.S. Bank Cash Visa Signature Card
U.S. Bank Cash Visa Signature Card

Key Highlights

  • Sign-up bonus of $200 on expenses made up to $1,000 in the first four months (120 days) of account opening.
  • You can earn a cashback of 5% on two categories of your choice. (These include Fast Food Dine-out, Electronics, Fitness Centers, Cinemas, etc.
  • 5% cashback reward offer enables you to earn a cashback reward of $400 on annual spending of $8,000 (since 5% cashback reward is capped at the quarterly expenditure of $2,000, beyond that, you earn a cashback reward of 1% on all your purchases.
  • You can earn a cashback reward of 2% on one of your everyday purchases since it allows you to choose your 2% cashback spending category (which includes Gas, Grocery, Restaurants).
  • In your first year, you can earn a cashback of up to $600
  • On making purchases in other categories, you earn an unlimited cashback reward of 1%.
  • No Annual Fee is charged.
  • Foreign Transaction Fee of 2%-3% is chargeable. (2% is charged if payment is made in U.S. Dollars, 3% is charged if payment is made in foreign currency.
  • Balance Transfer Fee of 3% or $5, whichever is higher, is applicable.
  • Introductory APR of 0% is applicable for new cardholders for 18 Months from the date of Account Opening.
  • The regular APR of 13.99%-23.99% is applicable. No 0% introductory APR of 0% is applicable on purchases.
  • 0% introductory APR is applicable on balance transfer for 18 months.

Pros & Cons of U.S. Bank Cash Plus Visa Signature Card

Pros

  • High rate of cashback rewards
  • You can choose bonus Cashback Categories.
  • Introductory APR is applicable on Balance Transfers.

Cons

  • 5% cashback reward rate has a quarterly cap of $2,000.
  • 5% cash back categories do not include significant everyday spending like Grocery, Gasoline.
  • No 0% introductory APR is applicable on purchases made by you.

Full Review

Here are the full review of U.S. Bank Cash+™ Visa Signature® Card credit

Rates & Fees

.

TYPESRATES ($)
Joining FeesNone
Annual FeesNone
Balance Transfer Fees$5 or 3% of the balance transfer
Foreign Transaction Fees2-3% (2% if the purchase is made in U.S. Dollar, 3% if the purchase is made in foreign currency).
Introductory APR0% introductory APR for 18 Months
Regular APR13.99-23.99%
Charge Table

Why might you want to go for this card?

(1). Sign up Bonus of $200

As a new cardholder, you can earn a one-time welcome bonus of $200 on making purchases worth $1,000 in eligible net purchases within the first 120 days (four months) of account opening. Pre-existing customers can not access this Bonus. This welcome Bonus is reasonable enough since the customers can quickly meet the minimum spending threshold of $1,000 within the given four months.

(2). Cashback Rewards Rate and Freedom of Category Selection

The U.S. Bank Cash Plus offers you a lucrative range of Cashback Reward offers. Moreover, it also gives you the leverage of choosing your cashback bonus categories for various reward rates.

5% cash back categories include various types, including Restaurants, Fitness Centers, Electronics Stores, etc. Out of these multiple categories, you can choose any two categories of your choice. However, you should also note that the 5% Cashback Reward Category comes with a quarterly spending cap of $2,000.

You are required to opt for bonus categories quarterly to earn the higher cashback rewards, or lest you will earn 1% cashback on all purchases.

2% Cash Back Categories include everyday categories like Grocery, Gas, and Restaurants. You can choose any one of these categories.

1% Cashback Categories include all other purchases made.

5% Cashback Categories (You can choose any two categories)

  • Mobile Sellers
  • Departmental Stores
  • Electronics Shops & Stores
  • Fast Food
  • Furniture Stores
  • Ground Transportation
  • Gyms and Fitness Centers
  • Home Utilities
  • Select Fashion Apparel Stores
  • T.V., internet, and streaming services

2% Cash Back Categories (You can choose any one category)

  • Gas Station
  • Grocery Stores
  • Restaurants

(3). 0% introductory APR for balance transfer

U.S. Bank Cash Plus offers you a 0% introductory APR balance transfer for 18 months. After that, a balance transfer fee of $5 or 3% of the transfer amount is applicable.

(4). Consumer Protection

U.S. Bank Cash Plus is a Visa Signature Card that offers you Consumer Protection. It provides you with a Warranty Extension of up to one additional year if US-based manufacturers offer you a warranty of fewer than two years or so.

It also offers you Purchase Protection against damage or theft within three months of the purchase date.

Moreover, it also offers you Zero Fraud Liability, which means you won’t be held responsible for unauthorized transactions.

Since Visa offers these perks, you may need to go through Visa to file a claim instead of U.S. Bank.

Additional Perks

(5). Flexible Reward Redemption

You can redeem your cash back rewards either in the form of statement credits, which is a reward card, or you can directly deposit the cashback rewards into your U.S. Bank Account (it can be your Check Account or Savings Account).

(6). Digital Wallet

U.S. Bank offers you a Digital Wallet that helps you earn your cashback conveniently as well as securely. All you need to do is to add Cash+ to your mobile wallet.

(7). Contact-Less Payment

As a cardholder of a U.S. Bank Cash Plus Card, you can pay with a tap. You can use this card for contactless payments wherever you see the Contactless Symbol.

Why might you want to go for a different card

(1). 5% Cashback Category does not cover your major everyday expenses

The 5% cashback category might not be the best for everyone since it includes your major everyday expenses. It consists of a variety of expenses categories that are not the typical consumer items. Except for Home Utilities and internet & streaming services, other spending categories covered in the 5% bonus category are not a part of the everyday purchases for a considerable chunk of the population.

The 5% Cashback Category covers a variety of spending categories that include the following:

  • Fast Food
  • Movie Theatres and Cinemas
  • Fitness Centers
  • Furniture Stores
  • Cable and streaming services.
  • Home Utilities
  • Mobile phones
  • Departmental Stores
  • Electronic Stores
  • Ground Transportation
  • Selected Fashion Apparels

On the contrary, the everyday expenses of Grocery, Gasoline, and Restaurants offer you a cashback reward of 2%.

(2). 5% Cashback Reward Rate has a low cap

The 5% Cashback Reward Category has a limited quarterly cap of $2,000, which can be reached easily by spending in these categories. After that, an unlimited cashback of 1% is applicable.

(3). No 0% introductory APR on purchases

This card offers you an introductory APR of 0% on balance transfers. It does not provide you with the 0% introductory APR on purchases, which implies, if you plan to put a big purchase using this card and pay it off over a long time, then you should go for some other card that offers you an introductory APR for at least 1 Year.

What are the better alternatives to U.S. Bank Cash Plus Visa Signature Card?

  1. Discover It Cashback Card
  2. Chase Freedom Flex Card

Quick Comparison

# U.S. Bank Cash Plus Visa Signature Card Vs. Discover it Cash back Credit Card

(1). Cashback Reward Rate

U.S. Bank Cash Plus offers you a cashback reward of 5% on any two spending categories selected by you among the ten categories, including Cable & Internet, Fitness Centers, Fashion Apparel Stores, etc. This cashback reward rate has a spending cap of $2,000.

It also offers you a 2% cashback on one of three everyday expenses (including Gas, Grocery, and Restaurants). On all other purchases, it provides you with an unlimited cashback of 1%.

On the other hand, Discover It offers you a simplistic cashback reward combination of 5% on all purchases made by you (with a quarter cap of $1,500). After that, the unlimited cashback of 1% is applicable.

(2). Sign up Bonus

U.S. Bank Cash Plus offers you a Welcome Bonus of $200 on purchases made worth $1,000 within the first four months. On the other hand, Discover It does not provide you with any Welcome Bonus.

(3). Foreign Transaction Fee

U.S. Bank Cash Plus charges you a Foreign Transaction Fee of 2%-3% (2% on purchases made in U.S. Dollars, 3% on purchases made in Foreign Currency).

Discover It cash back Card on the other hand, does not charge you any Foreign Transaction Fee.

(4). Annual Fee

Both US Bank Cash Plus and Discover It do not charge you an Annual Fee.

(5). Balance Transfer Fee

U.S. Bank Cash Plus charges you a Balance Transfer Fee of $5 or 3% of the Balance Transfer Fee (whichever is higher is applicable). On the other hand, Discover It charges you a 5% amount of each balance transfer fee.

(6). Introductory APR

U.S. Bank Cash Plus does not offer you an introductory APR on purchases made by you. On the other hand, Discover It offers you an introductory APR of 0% for 14 Months.

(7). Regular APR

U.S. Bank Cash Plus charges you the Regular APR of 13.99%-23.99% (depending upon your creditworthiness). On the other hand, Discover It charges you the Regular APR of 11.99%-22.99% (depending upon your creditworthiness).

Here are quick comparison of this credit card.

FEES & RATES U.S. Bank Cash Plus Visa Signature Discover it Cash back Credit Card
Welcome Bonus/Sign-up Bonus$200 on spending $1,000 within the first 4 months of account opening.None
Cashback Rewards(A). 5% Cashback on 2 Spending Categories selected by you (including Electronic Stores, Departmental Stores, etc.).

(B). 2% Cashback on anyone spending category chosen by you (including Grocery, Gas Stations).

(C). 1% Cashback on all other purchases.
(A). 5% Cashback on purchases up to $1,500 made within the first three months of Account Opening, then

(B). 1% unlimited Cashback is Applicable.
Intro APRNone0% APR for 14 Months
Regular APRVariable (13.99-23.99%)Variable (11.99%-22.99%)
Annual Fee0%0%
Foreign Transaction Fees2% on purchases made using U.S. Dollar, 3% on purchases made using foreign currency.0%
Balance Transfer Fee$5 or 3%, whichever is higher, is applicable.5% of the total amount.

# U.S. Bank Cash Plus Visa Signature Card vs. Chase Freedom Flex Card

(1). Cashback Reward Rate

U.S. Bank Cash Plus offers you a cashback reward of 5% on two spending categories selected by you (with a quarterly spending cap of $2,000) and 2% cashback on one of your everyday expenses (including Gas, groceries). On all other purchases, and an unlimited cashback of 1% is applicable.

On the other hand, Chase Freedom Flex offers you a cashback reward of 5% on Travel, 3% on Restaurants and Drugstores, 1.5% on all other purchases.

(2). Sign up Bonus

U.S. Bank Cash Plus offers you a welcome bonus of $200 on purchases made up to $1,000 within the first four months of Account Opening. On the other hand, Chase Freedom Flex does not offer you any Welcome Bonus.

(3). Foreign Transaction Fee

U.S. Bank Cash Plus charges you a Foreign Transaction Fee of 2%-3% ( 2% on purchases made using U.S. Dollars,3% on purchases made using Foreign Currency). On the other hand, Chase Freedom Flex charges you a 3% Foreign Transaction Fee.

(4). Annual Fee

Both US Bank Cash Plus and Chase Freedom Flex do not charge you any Annual Fee.

(5). Balance Transfer Fee

U.S. Bank Cash Plus charges you a Balance Fee of $5 or 3% amount of Balance Transfer, whichever is higher is applicable. On the other hand, Chase Freedom Flex charges you a $5 or 5% balance transfer.

(6). Introductory APR

U.S. Bank Cash Plus does not offer you an introductory APR for purchases made by you. On the other hand, Chase Freedom Flex offers you an introductory APR of 0% for 15 Months.

(7). Regular APR

U.S. Bank Cash Plus charges you the Regular APR of 13.99%-23.99% (based on your creditworthiness). On the other hand, Chase Freedom Flex charges you the Regular APR of 14.99%-23.74% (based on your creditworthiness).

Here are quick comparison of this credit card.

FEES & RATES U.S. Bank Cash Plus Visa Signature Chase Freedom Flex Card
Welcome Bonus/Sign-up Bonus$200 on spending $1,000 within the first 4 months of account opening.$200 Cash Rewards Bonus on purchases worth $500 made within first three months of Account Opening
Cashback Rewards(A). 5% Cashback on 2 Spending Categories selected by you (including Electronic Stores, Departmental Stores, etc.).

(B). 2% Cashback on anyone spending category chosen by you (including Grocery, Gas Stations).

(C). 1% Cashback on all other purchases.
Variable cashback of 5% for Travel, 3% for Dine-in, Drugstores, 1.5% on other purchases.
Intro APRNone0% APR for 15 Months
Regular APRVariable (13.99-23.99%)Variable
14.99 -23.74%
Annual Fee0%0%
Foreign Transaction Fees2% on purchases made using U.S. Dollar, 3% on purchases made using foreign currency.3%
Balance Transfer Fee$5 or 3%, whichever is higher, is applicable.$5 or 5%, whichever is higher, is charged.

Bottom-Line: Is this the right card for you?

U.S. Bank Cash Plus Credit Card

U.S. Bank Cash Plus is a sound card for you if you prefer a 5% cash back card that offers you the flexibility to choose your bonus category, along with 2% cashback on some of your everyday purchases.

Editor's Rating:
4.6

U.S. Bank Cash Plus is a sound card for you if you prefer a 5% cash back card that offers you the flexibility to choose your bonus category, along with 2% cashback on some of your everyday purchases.

But if you happen to be a travel bug or frequently shop grocery, you might be better off with Discover It or Chase Freedom Flex, depending upon your preference.
If you prefer a low maintenance cost card with the highest possible cashback reward, Discover It may be the best card for you since it offers you a 5% cashback on all your purchases with a quarterly cap of $1,500.


On the other hand, if you prefer a card that is not low maintenance and wants to maximize the utility of money spent by you, then Chase Freedom Flex is the better-suited card for you.

Frequently Asked Questions

  1. What Credit Score Do I need to qualify for U.S. Bank Cash Plus Visa Signature Card?

    A good to excellent Credit Score of 670 or above is good enough for you to qualify for U.S. Bank Cash Plus Visa Signature Card.

    However, you should note that credit score is one of the main components taken into consideration. There are other components too that are taken into consideration. These include Income Level, Debt History.

  2. How to redeem Cash Rewards using U.S. Bank Cash Plus?

    One can redeem cash rewards either in statements credits and direct deposits into their U.S. Bank Account.

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Author: Dhiraj Jha

I love to acquire, review, and earn reward points/cashback from Credit Cards for free traveling and enjoying luxury hotels. Helping people about the benefits and optimal utilization of credit cards.

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