U.S. Bank Cash+®: Cash Back Flexibility Without Fees
Want cash back without the annual fee? The U.S. Bank Cash+® Visa Signature® Card may be your ticket. But watch out for its APR.
The Quick Version
The U.S. Bank Cash+® Visa Signature® Card is a strong contender if you want customizable cash back without paying an annual fee. You can earn 5% cash back on two categories you choose each quarter, plus a $200 sign-up bonus after spending $1,000 in the first 120 days. The catch? The APR ranges from 19.49% to 29.49%, so carrying a balance could get expensive.
Comes with customizable cash back options
U.S. Bank Cash+® Visa Signature® Card
What's Inside
This card offers no annual fee and lets you earn 5% cash back on two categories of your choice, 2% cash back on one everyday category, and 1% cash back on everything else. You also get a $200 sign-up bonus after spending $1,000 within 120 days. It's a Visa, so acceptance isn't an issue, but you'll need a credit score of at least 670 to qualify.
What's Actually Good
The standout feature is the ability to choose your 5% cash back categories each quarter. This flexibility means you can tailor rewards to fit your changing spending habits. The $200 sign-up bonus is also a nice perk, especially with a modest spending requirement. Plus, no annual fee means you’re not paying just to keep it in your wallet.
The Catch
Here's the dealbreaker: the APR is high, ranging from 19.49% to 29.49%. If you're not paying off your balance in full every month, this card could cost you. Also, the cash back categories might not always align with your spending, and there's a limit on how much you can earn in each category per quarter.
Who It's For
This card is ideal for savvy spenders who can manage and maximize rotating categories. If you’re disciplined about paying your balance in full and enjoy tweaking rewards to match your lifestyle, this card could be a great fit. However, if you tend to carry a balance, the high APR might outweigh those perks.
The Bottom Line
If you can handle the category juggling and pay off your balance monthly, the U.S. Bank Cash+® Visa Signature® Card offers solid rewards without an annual fee. But if you're prone to carrying a balance, look elsewhere. Speaking of alternatives, consider checking out Barclaycard Platinum: 21 Months of Bliss or a Trap? for a different take on avoiding interest.
