Editorial Review

U.S. Bank Cash 365 AmEx Card: 1.5% Cash Back, Hold the Extras

It earns a decent flat rate on everything and is ideal for those seeking simplicity. U.S. Bank account holders in particular will enjoy flexible, seamless redemption.

Robin Saks FrankelApril 8, 2019

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Our Take

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.

US Bank Cash 365™ American Express® Card Credit Card

on US Bank's website

Rates & Fees

on US Bank's website

Rates & Fees
Annual Fee

$0

Regular APR

16.24% - 25.74% Variable APR

Intro APR

0% Intro APR* on balance transfers for 12 billing cycles

recommended credit score

Pros & Cons

Pros
  • High rewards rate

  • No annual fee

  • Intro APR period on Balance Transfers

Cons
  • 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

Compare to Other Cards

Annual Fee

$0

Annual Fee

$0

Annual Fee

$0

Regular APR

16.24% - 25.74% Variable APR

Rates & Fees

Regular APR

15.74% - 25.74% Variable APR

Regular APR

16.24% - 26.24% Variable APR

Intro APR

0% Intro APR* on balance transfers for 12 billing cycles

Intro APR

0% on Balance Transfers for 18 months

Intro APR

0% on Purchases and Balance Transfers for 15 months

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

Full 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.

Rewards: 

  • 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.

  • Terms apply.

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 12.24% - 20.24% 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.