US Bank Cash+ Visa Signature Card review July 2018 | finder.com

U.S. Bank Cash+ ™ Visa Signature® Card review – July 2018

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It’s a solid card with no annual fee and 0% intro APR, but its 5% cash back categories may feel restrictive.

Product NameU.S. Bank Cash+ ™ Visa Signature® Card
Card TypeVisa
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

The U.S. Bank Cash+ ™ Visa Signature® Card offers solid perks: $0 annual fee, 0% APR for 12 billing cycles on balance transfers, a signup bonus and cash back.

Before signing up, take a close look at its rewards. 5% cash back sounds great, but it’s available only in niche categories, like select clothing stores, cell phones and fast food.

Depending on your spending mix, other cards may offer better cash back. Check out products like the Bank of America® Cash Rewards credit card, TRIO® Credit Card and Discover it® Cash Back, all offering 0% APR and rewards.

Should you get the US Bank Cash+ Visa Signature Card?

  • The card offers solid benefits along with $0 annual fee, so it’s hard to go wrong.
  • However, there are other cards that offer similar benefits. The difference may come down to the cash back you’ll get.

The perks

  • ANNUAL FEE: A $0 annual fee makes it easy to keep the U.S. Bank Cash+ ™ Visa Signature® Card long term.
  • REWARDS: Up to 5% cash back.Here’s the cash back you’ll earn from the U.S. Bank Cash+ ™ Visa Signature® Card:
  • 5% in two categories of your choice, on up to $2,000 in combined purchases each quarter.
  • 2% in one everyday category, such as gas or groceries.
  • 1% on all other purchases.
U.S. Bank Cash+ ™ Visa Signature® Card CATEGORIES

Cash back at 5% is a great haul, and $2,000 is a relatively high quarterly cap. However, the cash back categories are fairly niche. Consider whether you’d spend enough to get enough value from your 5% categories.

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

You’ll also like …

  • Visa Signature benefits. Visa Signature cards come with perks not offered by most Visa Traditional cards. These include:
  • Travel and emergency assistance services.
  • Visa Concierge that helps you with travel plans, dining reservations and special-event bookings.
  • Access to the Visa Signature Luxury Hotel Collection.
  • Extended warranties.
  • Exclusive experiences through Visa Signature Fine Wine and Food, Visa Signature Sports and more.

The ins and outs of Visa Signature benefits

Other benefits

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

Compare cash back credit cards

Name Product APR for Purchases (Purchase Rate) Intro APR for Balance Transfer Annual Fee
14.74%, 18.74% or 24.74% variable
0% for the first 15 months (then 14.74%, 18.74% or 24.74% variable)
$0
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees
17.49% to 25.49% variable
Up to $75 annual fee for the first year (up to $99 thereafter)
Get 1% cash back rewards on eligible purchase, terms apply.
14.74% to 24.74% variable
0% for the first 12 statement closing dates (then 14.74% to 24.74% variable)
$0
1% cash back on every purchase, 2% at grocery stores and now at wholesale clubs and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter
12.90% to 22.90% variable
0% for the first 6 months (then 12.9% to 22.9% variable)
$0
3% cash rewards on gas, grocery, drugstore for first 6 months, 1% cash rewards on virtually all other net purchases.
14.74% to 24.74% variable
0% for the first 12 statement closing dates (then 14.74% to 24.74% variable)
$0
Online $150 cash rewards bonus after making at least $500 in purchases in the first 90 days of your account opening.
14.74% to 25.74% variable
0% for the first 15 months (then 14.74% to 25.74% variable)
$0
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.
14.74% to 25.74% variable
0% for the first 12 months (then 14.74% to 25.74% variable)
$95
Earn $250 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $250 back in the form of a statement credit.
14.99% to 24.99% variable
0% for the first 12 statement closing dates (then 14.99% to 24.99% variable)
$0
Earn more cash back for the things you buy most.
15.24% to 25.24% variable
0% for the first 18 months (then 15.24% to 25.24% variable)
$0
Earn 1% cash back for payments on purchases, on top of the 1% cash back on purchases. No annual fee.
13.65% to 27.65% variable
$0
Earn 1.5% cash back on every purchase with no limits or category restrictions. Pay no annual fee, no penalty APR and no foreign transaction fees.
16.74%, 22.49% or 25.49% variable
$0
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.
13.65% to 27.65% variable
$0
Earn $150 bonus after you make $500 in purchases within the first 90 days of opening your account.

Compare up to 4 providers

How does a balance transfer work with this card?

What to watch out for

  • You must keep enrolling in cash back categories.
    Each quarter, you must specify which categories you want to earn 5% and 2% cash back for. Otherwise, all of your purchases will earn only 1% cash back.
  • 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 a higher interest rate.With APRs averaging around 16%, 24.74% variable is considered high.

How does credit card interest work?

What to know before you apply

To apply for the U.S. Bank Cash+ ™ Visa Signature® Card, you must be at least 18 years old and a US citizen.

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+ ™ Visa Signature® Card

1. Go to the US Bank website and click Apply Now.
US Bank 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 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 Step 4a

US Bank Cash+ step 4

How long will it take to be approved?

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

I got the card. Now what?

  • Make timely payments. Pay your 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 days 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.
  • Customer service. If you have questions, contact US Bank at 800-872-2657.

Bottom line

5% cash back is enticing. But before signing up for the U.S. Bank Cash+ ™ Visa Signature® Card, consider whether you’ll earn meaningful cash back in the categories offering the 5% deal. If you won’t, consider another 0% APR card that also offers rewards.

Frequently asked questions

Images: USBank.com

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