U.S. Bank Cash 365 American Express Card review July 2018 | finder.com

Review: U.S. Bank Cash 365™ American Express® Card – July 2018

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A card that offers no annual fee, an attractive signup bonus and 0% intro APR on balance transfers.

Product NameU.S. Bank Cash 365™ American Express® Card
Card TypeAmerican Express
Annual Fee$0
APR (Annual Percentage Rate) for Purchases15.74% to 24.74% variable
Introductory Balance Transfer APR 0% for the first 12 billing cycles (then 15.74% to 24.74% variable)
Balance Transfer Fee3% or $5 (whichever is greater)
Cash Advance Rate25.74% variable
Cash Advance Fee$4 or 4% of the cash advance amount, whichever is greater
Foreign Transaction Fee3% of the transaction amount
Interest Free PeriodUp to 24 days
Minimum Interest$2
Late Payment Fee$38
Returned Payment Fee$35
Additional Cardholder Fee$0
Minimum Age18 years of age

Our review

When thinking about the U.S. Bank Cash 365™ American Express® Card, the word that comes to mind is “simple.”

There’s $0 annual fee. The $150 signup bonus is easy to obtain. And you’ll receive a breezy 1.5% cash back on everything you buy. You’ll wish the card offered 0% intro APR on purchases, but you’ll like getting 0% APR for 12 billing cycles on balance transfers.

The result of these benefits is a strong card that rewards you like clockwork.

Should you get the US Bank Cash 365 American Express Card?

  • If you want the longest 0% APR for balance transfers, choose another card, such as the Citi Simplicity.
  • If you want to maximize your rewards, you might earn more with another card. Consider products like the Discover it® Cash Back that offers 5% and U.S. Pride® BankAmericard Cash Rewards™ Visa® Card offering 3%.
  • If you want a card that offers simple rewards, $0 annual fee, a signup bonus and 0% intro APR on balance transfers, the U.S. Bank Cash 365™ American Express® Card is a great pick.

The perks

  • ANNUAL FEE: $0A $0 annual fee makes it easy to keep the U.S. Bank Cash 365™ American Express® Card long-term.
  • REWARDS: Up to 1.5% cash back.You’ll earn an unlimited 1.5% cash back on all purchases. It’s not the most cash back you’ll earn anywhere, but it’s a simple rewards scheme. That may be a breath of fresh air in a sea of cards offering different rewards for different categories.

    For even more rewards, consider the Citi® Double Cash Card and Fidelity Rewards Visa Signature. Both cards offer 2% cash back.

  • SIGNUP BONUS: $150 cash back.When you spend $500 on your card within the first 90 Days, you’ll receive a $150 cashback bonus.

You’ll also like …

The U.S. Bank Cash 365™ American Express® Card is an American Express card, meaning it comes with perks like:

  • Emergency assistance. Offers medical, legal and financial help while you’re on vacation.
  • Exclusive presales. Secure your tickets for entertainment events.
  • Price protection. American Express will partially reimburse you if you find a better price on an item after you’ve purchased it with your U.S. Bank Cash 365™ American Express® Card.
  • Extended warranties. American Express offers warranties to protect your electronics, appliances and more.
  • Return protection. Get reimbursed for an item you’ve purchased if a merchant won’t accept it as a return.
  • Car rental coverage. Get extra insurance coverage when you rent a car with your American Express.

Compare other American Express cards

Other benefits

  • No penalty APR.
  • $0 over-the-credit-limit fee.

No annual fee credit card deals

Name Product Annual Fee APR (Annual Percentage Rate) for Purchases
$0
14.74%, 18.74% or 24.74% variable
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees
$0
14.74% to 25.74% variable
Earn 25,000 Membership Rewards® Points after you use your new Card to make $1,000 in purchases in your first 3 months.
$0
14.74% to 25.74% variable
Earn $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $150 back in the form of a statement credit.
$0
16.74% to 25.49% variable
Earn 5 cash back on up to $500 in combined purchases in bonus categories each quarter you activate and unlimited 1 cash back on all other purchases.
$0
16.74% to 25.49% variable
Earn unlimited 1.5% cash back on every purchase - it's automatic. No minimum to redeem for cash back.
$0
14.99% to 24.99% variable
Earn more cash back for the things you buy most.
$0
16.74% to 24.74% variable
20,000 online bonus points offer. Ditch the restrictions of typical airline rewards cards. Any airline, any hotel, anytime. No blackout dates.
$0
16.74% to 25.49% variable
Jumpstart your financial fitness! 60 day introductory balance transfer offer, save on interest, and get your free monthly credit score.
$0
14.74%, 20.74% or 24.74% variable
Earn unlimited 1.5% cash back on every purchase, every day
$0
16.74%, 22.49% or 25.49% variable
Get 4% points back on dining, 3% on travel, 2% on Uber rides and online shopping and 1% on other purchases, and redeem points for Uber credits, gift cards or cash back.
$0
13.74% to 24.74% variable
Earn 5% Cash Back in rotating categories each quarter like gas stations, restaurants, Amazon.com, wholesale clubs and more, up to the quarterly maximum each time you activate. Plus unlimited 1% cash back on all other purchases.
$0
13.74% to 24.74% variable
Earn unlimited 1.5x Miles for every dollar spent on all purchases - from airfare and hotels to groceries and online shopping.
$0
15.24% to 25.24% variable
Earn 1% cash back for payments on purchases, on top of the 1% cash back on purchases. No annual fee.

Compare up to 4 providers

How does a balance transfer work with this card?

What to watch out for

  • Other cards may offer better cash back
    Depending on your spending, 1.5% cash back can be a great rewards rate. For example, you may spend in many categories, at which point flat cash back may be ideal.To squeeze out another 0.5% cash back, try the Citi® Double Cash Card or Fidelity Rewards Visa signature. Both cards offer 2% cash back on all purchases.

    If you’re OK with different cash back rates for different categories, you may receive more rewards with other cards. For example, if you eat out and travel often, you might like the Uber Visa Card. It offers 4% cash back on dining and 3% on travel.

  • Potentially high APR.
    The card’s APR spans from 15.74% to 24.74% variable . If you have a weaker credit history, you may be given an interest rate toward the higher end of that range.With APRs averaging around 16%, 24.74% is high.

How does credit card interest work?

What to know before you apply

To apply for the U.S. Bank Cash 365™ American Express® Card, you must be a US resident. You also must be at least 18 years old.

Information you’ll need

  • Your full name and contact information.
  • Your residential status.
  • Your annual income, source of income and employment information.
  • Your Social Security number.

What credit score do I need?

You’ll have a better chance of being approved for this card if you apply with a good to excellent credit score of 680 to 850.
What’s a good credit score?

How to apply for the U.S. Bank Cash 365™ American Express® Card

1. Go to the US Bank website and click Apply Now.
US Bank Cash 365 American Express Card Step 1
2. If you’re a current US Bank customer, enter your Personal ID and proceed to the application. If you’re a new customer, click New to US Bank? Apply Here.
US Bank Cash 365 American Express Card Step 2
3. Complete the application with details like your name, address, annual income and Social Security number.
4. Review and submit your application.
US Bank Cash 365 American Express Card Step 4
US Bank Cash 365 American Express Card Step 4a

How long will it take to be approved?

U.S. Bank will likely send you a decision within 10 days. If there are issues with your application, however, you may wait up to a few weeks to hear back.

I got the card. Now what?

  • Make timely payments. Pay your card bill online at the US Bank website, where you can enroll in autopay.
  • Avoid interest. After the close of each billing cycle, you have a grace period between 24 to pay your balance. If you do, you won’t pay interest on your purchases.
  • Avoid fees. Late payments come with fees of up to $38, and returned payments cost up to $35. Balance transfers and cash advances also come with fees.
  • Contact customer service. If you have questions, contact US Bank at 800-872-2657.

Bottom line

You may earn more rewards with another card. But if you want simple cash back, the U.S. Bank Cash 365™ American Express® Card Card can be a refreshing option — especially as it offers $0 annual fee, a signup bonus and 0% intro APR on balance transfers.

As always, compare your options before deciding on a particular card with our comprehensive guide to credit cards.

Frequently asked questions

Images: USBank.com

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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