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US Bank Cash+ Visa Signature Card: 5% Cash Back in Categories You Choose

Wednesday, June 6th, 2012

US Bank Cash Plus Credit CardUS Bank has introduced a cash back credit card with rotating quarterly bonus categories, but added a twist. The new US Bank Cash+ Visa Signature Card allows you to choose two categories from a list each quarter where your spending will earn 5% cash back. You’ll also be able to choose either gas, groceries or drug store spending to earn 2% cash back. Your 5% and 2% choices can be changed each quarter, while all other purchases will earn 1% cash back.

In addition, you’ll earn a $25 bonus (in the form of a US Bank Rewards Card) whenever you redeem $100 or more in a single redemption, meaning your 5% bonus categories can effectively earn 6.25%. There are no limits to how much cash back you can earn and there is no annual fee. You can select to have your cash back redeemed either as a deposit into your U.S. Bank deposit account, a U.S. Bank Rewards card or a statement credit.

Ultimately, however, the value of this card in relation to other cash back cards with rotating bonus categories will be dependent upon the list of available 5% categories. US Bank has provided a demo, which shows how you can select your 2% and 5% cash back categories. The demo shows 5% categories as including:

  • Department stores
  • Restaurants
  • Home improvement stores
  • Electronics stores
  • Airlines
  • Hotels
  • Bill payment (when you set up automatic bill payments for phone, internet, cable/satllite TV, utilities and insurance)
  • Fast food
  • Furniture stores
  • Car rental
  • Charity (such as American Red Cross, United Way, Samaritan’s Purse International Relief and Mercy Chefs)
  • Movie theaters

If US Bank keeps certain categories such as restaurants, home improvement stores, department stores and electronics stores available to choose from every quarter, then this card could be a huge winner. If it changes the available categories, which it has said it reserves the right to do each quarter, then the card could quickly become just another run-of-the-mill cash back card. We’ll have to see how this works in practice.

For more info on the card or to apply, see the following link:

US Bank Cash+ Application

Note: There have been reports of people getting their applications rejected because they live in a state where US Bank does not have a branch. The card is supposed to be available in all 50 states, so if this happens to you, you can call 800-947-1444 and request that the underwriting department manually review your application.

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7 Responses to “US Bank Cash+ Visa Signature Card: 5% Cash Back in Categories You Choose”

  1. rose lipovsky Says:
  2. ccwatcher Says:

    Hi Rose,

    If you call US Bank customer service and provide them with the store name and address + zip code, they should be able to tell you how a store is categorized. Different locations of Walmarts can be categorized differently.

  3. John F. Says:
  4. R Byron Bird Says:
  5. marian navarrette Says:
  6. william su Says:
  7. Bankite Says:

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