Credit Cards » Credit Card Reviews » U.S. Bank Cash+® Visa Signature® Card: 2022 Review
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U.S. Bank Cash+® Visa Signature® Card: 2022 Review

U.S. Bank Cash+® Visa Signature® card Is best for consumers who are looking to maximize their cash back and do not mind keeping track of the opt-in spending categories.
Author: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

Review & Fact Check: Baruch Mann (Silvermann)

Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.
Author: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.

You can trust the integrity of our unbiased, independent editorial staff. We may, however, receive compensation from the issuers of some products mentioned in this article. See how we make money.

In This Review..

U.S. Bank Cash+® Visa Signature® Card is a Visa credit card issued through one of the largest US lending institutions, U.S. Bank.

With the U.S. Bank Cash+ Visa Signature Card you can earn 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose, 2% cash back on one everyday category, like gas stations, grocery stores or restaurants, 1% cash back on all other eligible purchases. 

 You can also enjoy a generous sign-up bonus of $200 rewards bonus after you apply online and spend $500 in eligible purchases within the first 90 days of account opening. The Cash+ Visa Signature offers 0% intro APR for 15 billing cycles on balance transfers. Lastly, the the card has no annual fee, which is uncommon compared to other rewards cards. 

On the other hand, the card charges a balance transfer fee as well as foreign transaction fee, so if you're traveling a lot – it may not be the best card for your needs.

U.S. Bank Cash+® Visa Signature® Card

On US Bank Secure Website

Rewards Plan

1-5% cash Back 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose, 2% cash back on one everyday category, like gas stations, grocery stores or restaurants, 1% cash back on all other eligible purchases

Sign up Bonus

$200 rewards bonus $200 rewards bonus after you apply online and spend $500 in eligible purchases within the first 90 days of account opening

0% Intro

15 billing cycles on balance transfers

PROS

CONS

APR

13.99% - 23.99% variable

Annual Fee

$0

Balance Transfer Fee

$5 or 3%

Credit Requirements

Good - Excellent

Card & Issuer Reputation

  • 3.5/5  on WalletHub customer reviews (+200 reviews): WalletHub customer reviews allow customers to post positive, negative or neutral reviews about marketplace experiences.
  • 4.4/5 on Official Card Website customers reviews ( +5600 reviews): Customers can express their opinion on the official card website. It reflects the overall measurement of reviewer satisfaction, represented numerically from 1 to 5.
  • 786/1000 on J.D Power: US Bank got 786 out of 1000 available points on J.D. Power credit card satisfaction survey, lower than industry average. J.D Power offers the most comprehensive and independent study of customer satisfaction of card issuers . The study aims to help consumers and issuers to understand user opinions and ratings of the largest bands. It covers terms, benefits, services, communication, rewards and more.

J.D. Power U.S. Credit Card Satisfaction Study 2020

In order to avoid bias based on a small number of reviews, we present only ratings with at least 200 reviews.

Benefits

Let’s take a look at the benefits of the U.S. Bank Cash+ Visa Signature card and see if it’s the right one for your wallet or not.

U.S. Bank Cash+ Visa Signature new cardholders can earn $200 rewards bonus after you apply online and spend $500 in eligible purchases within the first 90 days of account opening.

The U.S. Bank Cash+ Visa Signature card does not have a minimum for the redemption of rewards.

This card is a Visa Signature card and as such it offers many perks and protections though VIsa. These include:

  • Purchase Security
  • Auto Rental Collision Damage Waiver
  • Lost Luggage Reimbursement
  • Travel and Emergency Assistance
  • Extended Warranty
  • Roadside Assistance
  • 24/7 Concierge Service

U.S. Bank Cash+ Visa Signature card earns 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose, 2% cash back on one everyday category, like gas stations, grocery stores or restaurants, 1% cash back on all other eligible purchases

If you are looking to save money on interest, the U.S. Bank Cash+ Visa Signature card offers a 0% introductory rate for 15 billing cycles on balance transfers.

If you have a credit card that you are trying to pay down, you can transfer the account and pay no interest on the transfer during this period.

U.S. Bank Cash+ Visa Signature card allows cardholders to pick their spending categories. Many other cards in the market do not allow their customers to choose their categories, but do let the cardholder know what the category is every quarter.

Top Offers From Our Partners

U.S. Bank Altitude® Go Visa Signature® Card

Rewards Plan:
Up to 4X points 4x points at restaurants, take-outs & deliveries, 2x points at supermarkets, gas stations & streaming servicesm and 1 point for 1 dollar on all other purchases
Welcome Bonus: 20,000 points 20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening
citi double cash
Rewards Plan:
2% cashback 2% cash back rewards rate – 1% every time you swipe and another 1% upon payment.
0% Intro: 18 months on balance transfers
chase freedom unlimited card
Rewards Plan:
1.5% – 5% 5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% cash back on all purchases
Welcome Bonus: Up to $300 additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year)- worth up to $300 cash back

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

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Drawbacks

Here are the most important cons you should consider before apply:

U.S. Bank Cash+ Visa Signature card will issue rewards in cash to customers of U.S. Bank. If you are not a U.S. bank customer, you cannot receive your reward in cash. U.S. Bank customers can have their cash rewards deposited directly into their bank account.

The U.S. Bank Cash+ Visa Signature card has a foreign transaction fee of 2%. If traveling, leave this card at a home for one that does not have the fee. 

There is a balance transfer fee required if you want to take advantage of the introductory 0% APR rate. The fee is incurred when you transfer debts from one or more credit cards to your U.S. Bank Cash+ Visa Signature card.

This fee is $5 or 3% of the transfer, whichever is greater. This fee is upfront and will be added to your debt load when transferred. 

Cardholders of the U.S. Bank Cash+ Visa Signature Card need to opt in or choose their purchase categories every quarter. This requires cardholders to keep track of when they need to choose their spending categories.

This can be a pain for some customers to keep track of. If you do not opt in, your spending will default to the cash back on all spending. 

Rewards Simulation: How Much You Can Earn?

The best way to see if the US Bank Cash+ card is the right choice for your needs, is to calculate the amount of rewards and benefits you suppose to earn. 

Keep in mind that this is a general breakdown of expenses, so make sure to adjust it to your own consumer preferences and spending habits.

U.S. Bank Cash+™ Visa Signature

Spend Per Category
US Bank Cash+ Visa Signature
$15,000 – U.S Supermarkets
$300
$3,000 – Restaurants
$60
$6,000 – Rotating Categories
$300
$3,000 – Hotels
$30
$4,000 – Gas
$80
Total Points
/
Estimated Annual Value
$770

Where to Redeem Your Rewards?

The flexibility of the US Bank Cash+ allows you to select the categories where you'd like to earn a higher rate of cash back. You can earn points in two different categories – 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose, 2% cash back on one everyday category, like gas stations, grocery stores or restaurants, 1% cash back on all other eligible purchases.

You can save your cashback and receive it as a statement credit, rewards card, or direct deposit into your U.S. Bank savings or checking account.

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AMERICAN EXPRESS gold card

Rewards Plan:
1x – 4x Points 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus: 60,000 points 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership
Upgrade Visa® Card with Cash Rewards
Rewards Plan:
1.5% cash back 1.5% cash back on payments
Welcome Bonus: $200
chase_sapphire_preffered
Rewards Plan:
2x-5x points 5x total points on travel purchased through Chase Ultimate Rewards, 3x points on dining and 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases
Welcome Bonus: 60,000 points 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

Leverage Your Card Smartly

To make the most of this card, you must think strategically.

You can designate categories each quarter, so consider where you will spend the most money in the next three months. If you're planning a large electronics purchase, make sure this is one of your 5% categories.

Furthermore, because utilities can be one of the 5% categories, it may be worthwhile to keep this turned on during the summer and winter, when heating and cooling costs are at their highest.

How To Apply For U.S. Bank Cash+ Visa Signature Card?

Visit the U.S Bank Cash+ Visa Signature Card homepage and click “Apply Now.” Fill in your personal details on the next page and click “Next.”

Now, fill in your street address, city, zip code, and click “Next.”

After, choose your birth date, SSN, etc. Indicate your employment status and annual income.

Next, read through the Terms and conditions and click “Submit”.

Is the U.S. Bank Cash+ Card Right for You?

U.S. Bank Cash+ Visa Signature card Is best for consumers who are looking to maximize their cash back and do not mind keeping track of the opt-in spending categories. 

If you are looking to charge up the card or make a large purchase and pay over time, you may want to look at another card. The high cash back on certain purchase categories may catch many consumers eyes, but if you do not spend large amounts in those categories the U.S. Bank Cash+ Visa Signature card may not be the best option for you.

Compare The Alternatives

There are other credit cards that do offer comparable cash back rewards – we’ve summarized the most popular cards which can use as an alternative to the Altitude Go card:

Capital-One-Savor-One

chase freedom unlimited card
citi simplicity
Capital One Savor card
Chase Freedom Unlimited® card
Citi Simplicity® Card
Annual Fee
$0
$0
$0
Rewards
Unlimited 1-3% earn unlimited 3% cash back on dining, entertainment, popular streaming services and grocery store purchases (excluding superstores like Walmart® and Target®), 1 percent on all other purchases.
1.5% – 5% 5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% cash back on all purchases
None None
Welcome bonus
$200 $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening
Up to $300 additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year)- worth up to $300 cash back
None None
Foreign Transaction Fee
None
3%
3%
Purchase APR
15.24% – 25.24% variable
15.74% – 24.49% variable
16.24% – 26.24% variable

FAQ

You can only earn 5% on $2,000 of combined purchases across the two categories each quarter. After this, the cash back rate will drop to the base 1%. However, there is no cap on the 2% category.

Pre-approval is available at for the US Bank Cash+ card, but only for offers received via email or mail.

Furthermore, if you are an existing customer, you may receive a pre-approved offer via your online account. There is no online tool for interested potential customers to use to check the status of their pre-approval.

When you complete the online application form, you are submitting a complete application, which will include a hard credit pull.

The initial credit limit for the Cash+ Visa card can be as low as $1,000, but it is usually between $1,000 and $1,500, depending on a variety of factors such as your credit history, income, and existing debt.

If you enjoy traveling, you may be disappointed by the lack of travel rewards and redemption options. There are far better options for a travel card, especially if you have good to excellent credit.

Given that it has no annual fee, the Cash+ card provides some decent rewards. It worth serious consideration if you are looking for an everyday card without having to worry about hefty annual fees.

Review Rewards Credit Cards

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AMERICAN EXPRESS gold card

Rewards Plan:
1x – 4x Points 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus: 60,000 points 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership

citi_premier_card

Rewards Plan:
Up to 3X points 3X points per dollar on restaurant, supermarket, gas station, hotel and air travel purchases, and 1X points per dollar on all other purchases
Welcome Bonus: 80,000 points 80,000 points after you spend $4,000 in the first 3 months of account opening
Rewards Plan:
Unlimited 1-4% unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
Welcome Bonus: $300 $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

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Top Cards Per Category
Top Cards For
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AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus: $350 $350 back in the form of a statement credit after you spend $3,000 in purchases on your new card in your first 6 months of Card Membership
citi-custom-cash_
Rewards Plan:
Up to 5% cash back 5% cash back on your highest eligible spend category each billing cycle up to the first $500 spent and 1% cash back thereafter
Welcome Bonus: $200 $200 cash back after you spend $750 on purchases in the first 3 months of account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.