U.S. Bank Cash+™ Visa Signature® Card: Freedom and Flexibility - NerdWallet
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U.S. Bank Cash+™ Visa Signature® Card: Freedom and Flexibility

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U.S. Bank Cash+™ Visa Signature® Card : Freedom and Flexibility

U.S. Bank Cash+™ Visa Signature® Card Editor's Rating: 4.6 / 5

If you love living life on your own terms, the U.S. Bank Cash+™ Visa Signature® Card may be the card for you. Instead of choosing bonus categories for you, this card lets you pick your own. To boot, it offers a high ongoing rewards rate and considerable long-term value.

U.S. Bank Cash+™ Visa Signature® Card

Apply Now on US Bank's secure website

Pros

  • Bonus cash back categories
  • No annual fee
  • 0% for 9 mos on transfers

Cons

  • Needs excellent credit

Bonus Offer

N/A

Annual Fee

$0

Intro APR Promotions

Purchase: None

Transfer: 0% for 9 mos

APR

  • Min APR: 13.24%, Variable
  • Max APR: 24.24%, Variable

Card Details

  • 5% cash back on your first $2,000 in combined net purchases² each quarter on two categories you choose*.
  • 2% cash back on your choice of one everyday category (like gas or groceries)*.
  • 1% cash back on everything else*.
  • No limit on total cash back.
  • Subject to credit approval.

5% as a starting point

The U.S. Bank Cash+™ Visa Signature® Card offers 5% cash back on bonus categories that change every quarter up to $2,000 in net purchases spent per quarter, or $8,000 a year. You can choose two 5% categories from a list that may include gym costs, cell phone bills, movie theaters, fast food and car rentals. On top of that, you’ll also get an unlimited 2% rewards on one everyday purchase category, where you may be able to choose from categories such as gas, groceries or restaurants.

Best of all, the rewards are unlimited, and the annual fee is $0, which gives this card an even better long-term value.

U.S. Bank Cash+™ Visa Signature® Card vs. Chase Freedom®: 5 on 5

If you’re thinking about getting the U.S. Bank Cash+™ Visa Signature® Card, you’ve probably also considered another reigning 5% champion, the Chase Freedom®. The Chase Freedom® gives 5% back on bonus categories, but those categories are preset by Chase, and capped at $1,500 in purchases a quarter, or $6,000 a year.

The U.S. Bank Cash+™ Visa Signature® Card has higher ongoing rewards than the  Chase Freedom®, but lacks the head start of a bonus. The  Chase Freedom®, meanwhile, comes with an easy-to-get offer: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.

Moral of the story? Get the U.S. Bank Cash+™ Visa Signature® Card if:

  • You want to choose your own rewards categories
  • You plan to hold the card for more than 2 years

Get the Chase Freedom® if:

  • The bonus categories dovetail with your spending
  • You plan to hold the card for 2 years or fewer

It comes down to sign-up bonus versus ongoing rewards, here’s something to keep in mind: The Chase Freedom® delivers a lot of value quickly, while the U.S. Bank Cash+™ Visa Signature® Card has less short-term value but more staying power.

Chase Freedom® U.S. Bank Cash+™ Visa Signature® Card
Chase Freedom Credit Card
Apply Now

on Chase's
secure website

US Bank Cash+(TM) Visa Signature(R) Card Credit Card
Apply Now

on US Bank's
secure website

Bonus Offer
Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening N/A
APR
0% for 15 Months on purchases and 0% Intro APR for 15 months on balance transfers, and then the ongoing APR of 14.24-23.24% Variable 0% for 9 months on balance transfers, and then the ongoing APR of 13.24% - 24.24% Variable
Annual fee
$0 $0
Details
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 14.24-23.24%
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories every 3 months like gas stations, restaurants, and select grocery stores
  • Unlimited 1% cash back on all other purchases - it's automatic
  • Cash Back rewards never expire as long as your account is open
  • No annual fee
  • 5% cash back on your first $2,000 in combined net purchases² each quarter on two categories you choose*.
  • 2% cash back on your choice of one everyday category (like gas or groceries)*.
  • 1% cash back on everything else*.
  • No limit on total cash back.
  • Subject to credit approval.

Image via iStock.

  • disqus_DsgjD5eIlg

    Great article, I wanted to make note that if you have a US Bank gold checking then you get an extra .25% back on all cash rewards programs. That beats out Chase’s .1% + .10$ in my opinion. I just got the Cash + and am very satisfied with it.

  • Guest

    Great article, I wanted to make note that if you have a US Bank gold checking then you get an extra .25% back on all cash rewards programs. That beats out Chase’s .1% + .10$ in my opinion. I just got the Cash + and am very satisfied with it.

  • http://profiles.google.com/thomas.nichols89 Thomas Nichols

    Get Both! Then you have many 5% categories! I use the Chase card for everyday smal purchases, and get that extra $0.10 on every purchase, so every day coffies, lunch, and so on. Then get use 5% on the chase categories, and on the Cash+ categories. So the Cash+ becomes your “bigger purchase” card, and the Chase Freedom the “Every Day Card”

  • http://profiles.google.com/thomas.nichols89 Thomas Nichols

    Get Both! Then you have many 5% categories! I use the Chase card for everyday smal purchases, and get that extra $0.10 on every purchase, so every day coffies, lunch, and so on. Then get use 5% on the chase categories, and on the Cash+ categories. So the Cash+ becomes your “bigger purchase” card, and the Chase Freedom the “Every Day Card”

  • Thomas Nichols

    Get Both! Then you have many 5% categories! I use the Chase card for everyday smal purchases, and get that extra $0.10 on every purchase, so every day coffies, lunch, and so on. Then get use 5% on the chase categories, and on the Cash+ categories. So the Cash+ becomes your “bigger purchase” card, and the Chase Freedom the “Every Day Card”

  • http://profiles.google.com/thomas.nichols89 Thomas Nichols

    And regarding Chase’s .1% and $.10, I regularly buy an $0.80 Burger from arctic circle, and I get 1.1% back, and $0.10 Back. Thats $0.11 Back on an $0.80 Purchase (Rounded up.) That’s 12.5% cash back. On small everyday purchase, that $0.10 really does make a difference.

    • Guest

      You mean $0.011

  • http://profiles.google.com/thomas.nichols89 Thomas Nichols

    And regarding Chase’s .1% and $.10, I regularly buy an $0.80 Burger from arctic circle, and I get 1.1% back, and $0.10 Back. Thats $0.11 Back on an $0.80 Purchase (Rounded up.) That’s 12.5% cash back. On small everyday purchase, that $0.10 really does make a difference.

  • http://twitter.com/pfdeals pfdeals

    I like Cash+, partly because I already have a USBank checking account, but both are great cards and much better than Amex’s membership rewards programs.

  • http://twitter.com/pfdeals pfdeals

    I like Cash+, partly because I already have a USBank checking account, but both are great cards and much better than Amex’s membership rewards programs.

  • http://www.facebook.com/jonathanb Jonathan L. Bowen

    I honestly don’t see the comparison here for people like me who don’t care about carrying a balance or any of that nonsense. The US Bank Cash+ card is FAR superior. When we were given Bill Pay as an option (that has since been removed for next quarter), it wasn’t even close. I was getting 5% back on a huge chunk of my credit card bill. But even without that, I’d rather have two 5% categories I can choose that are relevant to my life than something as stupid as “gas, drugstores, and Starbucks.” I don’t go to Starbucks and I don’t spend enough on gas to care about their 5%, because I already have a Bank of a American card giving me a permanent 3% on gas (up to $1,500 spending limit per Q). I’d rather get my 2% groceries always, then have my two 5% categories, and then on top of that get $25 just for redeeming $100, which is nothing. I reach that easily every other month just with normal spending.

  • Bob Doe

    Cash+ also gives a 25% bonus on every purchase if you have U.S. Bank a gold checking package and a 50% bonus if u have the platinum checking package! So if you have gold your getting 6.25% cash back or platinum 7.5% back with the 5% categories plus the bonus.

  • Meng Li

    Why my Chase freedom card doesn’t give a 0.1% +$0.10 back on every purchase? Instead, I get a 10% bonus based on obtained points if I have a checking account with Chase.

  • Joshua Havelka

    Chase got rid of the $.10 per purchase. That was one of the best things about the card. I loved making small purchase to rack up the $.10. There was even a time when I put $10 into my diablo account, and did 10 $1 transactions. I guess it was people like me who ruined it.

  • Scott S

    They are demoting restaurants from a 5% category to a 2% category (removing drug stores at 2%, adding “Clothing Stores” at 5%). Last year they removed Hotels from 5%.

    This is getting quite frustrating, and I’m not recommending this card anymore. It’s about time that US Bank make a change to the program that is not the removal of the obviously most lucrative category. Maybe put the higher-spending categories like Hotels and Restaurants as Pick-2 categories but at 3% instead of 5%?

  • Scott S

    They are demoting restaurants from a 5% category to a 2% category (removing drug stores at 2%, adding “Clothing Stores” at 5%). Last year they removed Hotels from 5%.

    This is getting quite frustrating, and I’m not recommending this card anymore. It’s about time that US Bank make a change to the program that is not the removal of the obviously most lucrative category. Maybe put the higher-spending categories like Hotels and Restaurants as Pick-2 categories but at 3% instead of 5%?

  • Ben

    The 5% category of Restaurants (the most useful category as no other cards offer this much for Restaurants) is no longer being offered in Jan-Mar. This is truly unfortunate as it was the only reason I got this card and why I use it so much.

    It will be a 2% category Jan-Mar. I can only hope it comes back to 5% at some point.

  • Ben

    The 5% category of Restaurants (the most useful category as no other cards offer this much for Restaurants) is no longer being offered in Jan-Mar. This is truly unfortunate as it was the only reason I got this card and why I use it so much.

    It will be a 2% category Jan-Mar. I can only hope it comes back to 5% at some point.

  • teperilloux

    They just replaced 2% drugstore with restaurant purchases. I primarily used this card for 5% cashback for restaurants, now that’s gone down by 60%. Was once a great card, now it’s at best average.

  • teperilloux

    They just replaced 2% drugstore with restaurant purchases. I primarily used this card for 5% cashback for restaurants, now that’s gone down by 60%. Was once a great card, now it’s at best average.

  • Adseka

    This card just got moved to the back of my wallet. It was a great cash back card until they moved restaurants to the 2% category. I, too, will hang on to it in the hopes they bring restaurants back, but I definitely won’t use it as much.

  • Adseka

    This card just got moved to the back of my wallet. It was a great cash back card until they moved restaurants to the 2% category. I, too, will hang on to it in the hopes they bring restaurants back, but I definitely won’t use it as much.

  • Scott S

    Learned of YET ANOTHER DOWNGRADE for this card. On 12/26, the CS rep told me that, starting April 1 2015, customers will be limited to 1 $25 prepaid debit card bonus (for redeeming $100 in rewards in a single transaction) for the remaining LIFETIME of the account. Right now, it’s limited to 1 per year; before that, it was unlimited.

    After learning this, I applied for the Chase AARP card, which gives 3% for restaurants and fast food with no limits (as well as 3% at gas stations), and a $100 sign-up bonus. No AARP membership is required, apparently.

    For the Cash+, I’ll be perpetually selecting Electronics Stores and Furniture Stores to earn 5% on these infrequent but sometimes large purchases, and stop carrying it in my wallet.

  • Scott S

    Learned of YET ANOTHER DOWNGRADE for this card. On 12/26, the CS rep told me that, starting April 1 2015, customers will be limited to 1 $25 prepaid debit card bonus (for redeeming $100 in rewards in a single transaction) for the remaining LIFETIME of the account. Right now, it’s limited to 1 per year; before that, it was unlimited.

    After learning this, I applied for the Chase AARP card, which gives 3% for restaurants and fast food with no limits (as well as 3% at gas stations), and a $100 sign-up bonus. No AARP membership is required, apparently.

    For the Cash+, I’ll be perpetually selecting Electronics Stores and Furniture Stores to earn 5% on these infrequent but sometimes large purchases, and stop carrying it in my wallet.

  • Jared Thompson

    Yargh, I don’t even know why I bother getting new cards anymore. Anytime I try and chase rewards, they change the rules within a year and screw me. I got this card exclusively for the 5% Restaurant bonus. Needless to say, I’ll be closing the account soon.

    • Curt

      Don’t just threaten to quit. Go ahead and do it!

  • Jared Thompson

    Yargh, I don’t even know why I bother getting new cards anymore. Anytime I try and chase rewards, they change the rules within a year and screw me. I got this card exclusively for the 5% Restaurant bonus. Needless to say, I’ll be closing the account soon.

  • Brian S

    US Bank Cash plus is offering 5% cash back from purchases
    from “electronic stores” and state: “Make even smarter buys when you earn cash
    back on the latest tech products, including televisions, computers and phones.” They also state in the fine print “Purchases
    which fall into the eligible Purchase Category will receive the stated Rebate.
    U.S. Bank makes every effort to include all relevant merchant category codes in
    its listed Purchase Categories.”
    However, this last statement is false.
    The only merchant code that qualifies 5732 for “electronic sales/repair”. This is a very narrow definition and does not
    meet their claim that they “make every effort to include all relevant merchant
    category codes”. For example, they do
    not include 5045 for “computer stores/services” when clearly they lead
    customers to believe that computers should qualify as electronics. Stay away from this credit card. The categories are narrowly defined and not
    user friendly.

  • Brian S

    US Bank Cash plus is offering 5% cash back from purchases
    from “electronic stores” and state: “Make even smarter buys when you earn cash
    back on the latest tech products, including televisions, computers and phones.” They also state in the fine print “Purchases
    which fall into the eligible Purchase Category will receive the stated Rebate.
    U.S. Bank makes every effort to include all relevant merchant category codes in
    its listed Purchase Categories.”
    However, this last statement is false.
    The only merchant code that qualifies 5732 for “electronic sales/repair”. This is a very narrow definition and does not
    meet their claim that they “make every effort to include all relevant merchant
    category codes”. For example, they do
    not include 5045 for “computer stores/services” when clearly they lead
    customers to believe that computers should qualify as electronics. Stay away from this credit card. The categories are narrowly defined and not
    user friendly.