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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.

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. You’ll earn 1% on all other eligible purchases.

In September 2017, U.S. Bank added a limited-time offer for new cardholders: In the first year you have the card, the 5%, 2% and 1% rewards rates are increased to 5.5%, 2.5% and 1.5%. After the first year, the rates drop back to 5%, 2% and 1%.

Best of all, 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.

Seeking more cash-back credit card possibilities? Check out NerdWallet’s list of the best credit card offers right now.

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