Regular readers of the Dough Roller know that I love cash back credit cards. I carry and use cash back cards regularly and have earned thousands of dollars in free money over the years. So it’s rare that I come across a new card that has a unique offer worth sharing. But that’s exactly what we’ve got today with the U.S. Bank Cash+™ Visa Signature® Card.
There are three things that set the U.S. Bank Cash+™ Visa Signature® Card apart from other cards:
- The amount of the cash back rewards
- The flexibility U.S. Bank gives cardholders to select their cash back categories
- The amount of cash back bonus
Let’s look at each of these benefits.
Cash Back Rewards
You’ve no doubt heard about cards that offer 5% cash back on categories that rotate every quarter. The [showoff template=card_name offer=ncs22184474], Chase Freedom - $200 Bonus Cash Back, and Citi® Dividend Platinum Select® Visa® Card are three examples of 5% cash back cards.
But what sets the U.S. Bank Cash+™ Visa Signature® Card apart is that it also offers categories that pay 2% cash back. It’s the only card I’m aware of that offers both 5% and 2% categories.
Flexibility to Choose Cash Back Categories
On top of the rich rewards, you can actually choose which categories your 5% and 2% cash back rewards apply. With the 5% rewards, you can choose two categories from a list that includes things like department stores and restaurants. With the 2% category, you can choose one category from gas, groceries or drug stores.
Cash Back Bonuses
The final distinguishing feature I’ll review is the cash back bonus. Basically, you get an extra 25% cash back when you redeem $100 or more at one time. From the U.S. Bank website: “$25 Cash+ Bonus each time you redeem $100 or more cash back in a single redemption.”
Yes, there are two drawbacks that may or may not be important to you. First, the 0% introductory rate on balance transfers lasts for just 6 billing cycles. That’s much shorter than the best balance transfer offers today (which last for 18 months). Of course, cash back cards are not your best bet if you are looking for a 0% offer. You’re much better checking out cards specifically designed with no interest offers.
Second, depending on your credit worthiness, the regular APR can be on the high side (currently 13.99%-23.99% (Variable)). Again, your best bet is to pay off the card in full each month, in which case the interest rate won’t matter.
On the plus side, the U.S. Bank Cash+™ Visa Signature® Card does not charge an annual fee.
Long story short, this is a very good cash back card. Here’s a summary of what it offers:
- Earn 5% cash back on two categories that you choose, like department stores, restaurants...plus many more
- Earn 2% cash back on gas, groceries or drug stores - choose one
- Earn 1% cash back on everything else
- Get a $25 Cash+ Bonus each time you redeem $100 or more cash back in a single redemption
- No Annual Fee
If you’d like to check out more options, you can visit our list of the best cash back credit cards available today.