The U.S. Bank Cash+™ Visa Signature® Card offers cardholders the ability to select two 5% cash back categories and a $25 bonus each time you redeem $100 rewards in a single transaction. This is one of the most innovative ways to earn spending category bonuses with a no annual fee credit card. The 5% cash back on Bill Payments alone is enough to sign up the U.S. Bank Cash+ card for anyone looking to maximize their cash back spending.
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5% cash back in any 2 of the following each quarter:
- Department Stores, Restaurants, Home Improvement, Electronics Stores, Airlines, Hotels, Bill payments, Fast Food, Furniture Stores, Car Rentals, Charity, Movie Theaters.
2% cash back in any ONE of the following each quarter:
- Gas, Groceries, or Drug Store
U.S. Bank Cash+™ Visa Signature® Card Features:
- Earn 5% cash back on two categories that you choose, like department stores, restaurants…plus many more
- Earn 2% cash back on gas, groceries or drug stores – choose one
- Earn 1% cash back on everything else
- Get a $25 Cash+ Bonus each time you redeem $100 or more cash back in a single redemption
- No Annual Fee
How to Earn 5% Cash Back With US Bank’s Cash Plus Visa
This is how it goes. As a new cardholder for each quarter, you select (1) 2% cash back category and (2) 5% cash back categories. For everything else, you earns 1% cash back. ALL of the 5% cash back categories are available for the choosing every quarter with no forced rotation like with the Chase Freedom® card. Personally, I would pick the Bill Payments and Home Improvement Stores as my 5% cash back categories. You could typically buy gift cards at Home Depot to get 5% cash back to shop at other stores.
For the 2% category selection, you get to choose one from 3 major categories (gas, supermarkets, drug stores). However, there are many cards out there with 5% cash back on those 3 major categories. It’s very important that you choose the two 5% categories each quarter for it to take effect. Either you need to contact US Bank by phone or through your online account to select your two 5% categories and your single 2% category. Failure to do so would resulted in earning 1% across the board for all purchases. However, they let you set up text and email alerts for quarterly reminder.
How to Redeem Rewards With US Bank Cash Plus Visa
Unlike the Chase Freedom(cap of $1,500 in 5% spending), there is NO LIMIT to the amount of cash back you can earn with the bonus categories. You could also earn a $25 Cash+ bonus if you redeem $100 or more cash back in a single redemption. This makes your 5% categories the equivalent of earning 6.25% cash back. Within your online account, you can redeem your rewards as a deposit into your U.S. Bank account, a U.S. Bank Rewards Card, or a statement credit.
I personally have the U.S. Bank Cash+™ Visa Signature® Card and have it set up for all of my Autopay bills. I recommend to keep several 5% cash back cards in your wallet as long as they do not have an annual fee. Sign up today to receive 5% cash back from a plethora of categories and earn up to 6.25% cash back with their $25 bonus redemption. If you application is rejected, you can call 800-947-1444 and request that the underwriting department manually review your application to get your card approved.