The Bottom Line: If you want solid rewards with very few frills, it's a good pick. But you can find cards that offer higher rates and make for better travel companions.
Quick FactsView rates and fees
- New Cardmember bonus: $150 after you spend $500 in eligible net purchases in the first 90 days of account opening.
- Unlimited 1.5% cash back on all eligible net purchases.
- No categories. Just use your card and earn unlimited cash back.
Pros & Cons
High rewards rate
No annual fee
Intro APR period on Balance Transfers
Needs excellent credit
Alternate Pick: Richer rewards in specific categories
Blue Cash Everyday® Card from American Express
Ideal for gas, groceries and more
The Blue Cash Everyday® Card from American Express earns 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%); 2% cash back at U.S. gas stations and at select U.S. department stores; and 1% back on other purchases. Terms apply. The annual fee is $0.Read our review
The U.S. Bank Cash 365™ American Express® Card is a solid cash-back rewards card that can get the job done, although it lacks some of the sizzle you might find with other rewards cards.
Earning a 1.5% flat rate back on all spending has become the industry gold standard, and it makes this kind of card ideal for those who aren't interested in tracking rotating bonus categories or juggling multiple cards for different spending areas. The card can also make a lot of sense for someone who's already a U.S. Bank customer, since having an account there makes redemption easier and more flexible.
But if you're willing to put in some extra work, you can snag better rewards rates elsewhere.
U.S. Bank Cash 365™ American Express® Card: Basics and benefits
Card type: Cash back.
Annual fee: $0.
Sign-up bonus: New Cardmember bonus: $150 after you spend $500 in eligible net purchases in the first 90 days of account opening.
Earn an unlimited 1.5% cash back on all eligible spending.
Earnings can be redeemed in the form of a statement credit, a direct deposit into your U.S. Bank checking or savings account, or as a rewards card.
APR: 0% on Balance Transfers for 12 billing cycles, and then the ongoing APR of 16.24% - 25.74% Variable APR.
Balance transfer fee: Either 3% of the amount of each transfer or $5, whichever is greater.
Foreign transaction fee:
2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. dollars.
3% of each foreign purchase transaction or foreign ATM advance transaction in a foreign currency.
Why you might want the U.S. Bank Cash 365™ American Express® Card
Simple, straightforward rewards: If you're looking for a credit card with a simple and easy-to-understand rewards structure, the U.S. Bank Cash 365™ American Express® Card delivers. Just use it and earn the same rewards rate of 1.5% on all eligible purchases, every time.
Fuss-free redemption: If you're already using U.S. Bank for a deposit account, you can take your earnings from the card directly into your U.S. Bank checking, savings or money market account in any amount at any time. Or you can apply those earnings as a statement credit to your U.S. Bank Cash 365™ American Express® Card account. The one exception is if you want to take your earnings as a U.S. Bank Visa Rewards card. In that case, earnings have to be taken in multiples of $5, starting at a minimum of $20.
Decent sign-up bonus, balance transfer offer: The card offers a relatively easy-to-attain sign-up bonus, phrased this way: New Cardmember bonus: $150 after you spend $500 in eligible net purchases in the first 90 days of account opening. And if you're looking for a break from paying interest charges on another credit card, the card offers an intro 0% on Balance Transfers for 12 billing cycles, and then the ongoing APR of 16.24% - 25.74% Variable APR.
Why you might want a different card
You want a higher flat rewards rate: Earning 1.5% cash back on everything is nice, but higher flat rates are possible. The Citi® Double Cash Card – 18 month BT offer earns a total of 2% cash back on every purchase: 1% when you buy, plus 1% when you pay the bill. The annual fee is $0. Or consider the Alliant Cashback Visa® Signature Credit Card, which earns 3% cash back on all purchases in the first year and 2.5% on everything after that. It does, however, have an annual fee of $0 the first year, then $99.
You want higher rates in specific spending categories: Maybe you're up for the challenge of tracking your rewards, or you know that most of your credit card spending is concentrated in a few areas like groceries or gas. A better choice for maximizing your rewards might be a card like the Blue Cash Everyday® Card from American Express, which earns 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%); 2% cash back at U.S. gas stations and at select U.S. department stores; and 1% back on other purchases. Terms apply.
You want to use your card for spending abroad: A taste of another culture can benefit you in many ways. But using the U.S. Bank Cash 365™ American Express® Card internationally will hurt your wallet, as the card has a foreign transaction fee. By contrast, the Capital One® Quicksilver® Cash Rewards Credit Card earns the same 1.5% cash-back rate on all purchases, but charges no foreign transaction fee.
You're seeking a longer intro APR period: If you think you'll need a much longer intro APR period for a balance transfer, the U.S. Bank Visa® Platinum Card has you covered, and it also offers the same lengthy intro APR window on purchases. You get an intro 0% on Purchases and Balance Transfers for 20 billing cycles, and then the ongoing APR of 14.74% - 25.74% Variable APR.
If you're interesting in learning more about these cards and others, see NerdWallet's best credit cards roundup.
Should you get the U.S. Bank Cash 365™ American Express® Card?
If you're already doing some banking with U.S. Bank and you find it easiest to earn rewards on a card that lets you deposit those earnings right into your bank account, the U.S. Bank Cash 365™ American Express® Card can get the job done.
But other cash-back cards offer higher rewards and better perks, including no foreign transaction fees and longer intro APR offers that include purchases, too.
To view rates and fees of the Blue Cash Everyday® Card from American Express, please visit this page.
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