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Opinions, analyses, reviews, or recommendations expressed here are the author’s alone, and have not been reviewed or endorsed by the issuer. We may be compensated through the issuer’s Affiliate Program. For a full list of our advertisers, including American Express, see our disclosure page.

Advertiser Disclosure
Advertiser Disclosure

Advertiser Disclosure: Some of the card offers that appear on this website are from companies which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The site does not review or include all companies or all available products.

Disclaimer: The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone. For a full list of our advertisers, see our disclosure page.

Opinions, analyses, reviews, or recommendations expressed here are the author’s alone, and have not been reviewed or endorsed by the issuer. We may be compensated through the issuer’s Affiliate Program. For a full list of our advertisers, including American Express, see our disclosure page.

Cash 365™ American Express® Card: Can It Compete With Other 1.5% Offers?

Image of U.S. Bank Cash 365™ American Express® Card
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"Good rewards across all categories. The U.S. Bank Cash 365™ American Express® Card doesn’t stand out from other 1.5% cash back credit cards."

Contents

Released in June 2016, the U.S. Bank Cash 365™ American Express® Card gives users 1.5% cash back on all purchases. While the U.S. Bank Cash 365™ American Express® Card isn't as special today as it might have been a year ago, it’s still a very solid offer. If you have no loyalty to U.S. Bank, we recommend you explore other options. There are a number of cards with similar benefits and better welcome bonuses.

Good For…Bad For…
  • Individuals who want a solid cash back credit card from U.S. Bank
  • Optimizers looking to get the highest possible rewards
  • Big spenders and those who shop with a variety of merchants
  • Use abroad

Review: Should You Apply For The U.S. Bank Cash 365™ American Express® Card

The U.S. Bank Cash 365™ American Express® Card is a good credit card option for current U.S. Bank customers. If you’re looking for the best offers currently available, there are several better fixed-1.5% credit cards currently on the market. For example, the Chase Freedom Unlimited® offers the same rewards rate on all purchases, with a better sign-up bonus. For U.S. Bank, however, the U.S. Bank Cash 365™ American Express® Card is easily one of the best cash back credit cards in its portfolio.

A graph comparing the total estimated rewards earned through 1.5% cash back credit cards based on average consumer expenditure data from the BLS.

The graph above is based on average consumer expenditure data by the Bureau of Labor Statistics.

This is one of the few 1.5% cash back credit cards on the American Express network. Generally, American Express is well-regarded for high customer service. This can come in handy if you ever choose to take advantage of one of the Amex-specific perks, such as roadside assistance or purchase protection. The downside is the fact that American Express isn’t as widely accepted as VISA or Mastercard. You are unlikely to see the effects of this if you only use the card within the United States. If you travel to other countries, however, this may become an issue.

Bottom Line: The U.S. Bank Cash 365™ American Express® Card is an excellent choice if you’re looking for a cash back credit card specifically from U.S. Bank. The fixed 1.5% rewards rate is great for individuals with varied spending who want a simple rewards credit card. If you don’t mind doing business with other banks, however, you can find better bonuses and returns.

Cash 365™ American Express® Card Benefits & Features

The U.S. Bank Cash 365™ American Express® Card awards cardholders 1.5% cash back on everyday net purchases. The rewards can take one of three forms. They can be credited to your statement, or deposited into a U.S. Bank Savings, Checking, or Money Market account. Additionally, you can have the cash loaded onto a U.S. Bank Rewards Card. However, note that once the rewards are loaded onto the Rewards Card, they cannot be withdrawn.

Image of U.S. Bank Cash 365™ American Express® Card
Annual Fee No Annual Fee
Purchase APR 14.74% - 23.74% Variable
Card Details
  • Earn unlimited 1.5% cash back on eligible net purchases
  • New cardmember bonus: $100 after you spend $500 in eligible net purchases in the first 90 days you have the card
  • 0% Intro APR on balance transfers for 12 billing cycles. After that, a variable APR currently 14.74% - 23.74%
  • Unlimited cash back
  • Cash back never expires
  • No annual fee
  • Great Offer for Customers of U.S. Bank, a 2017 World's Most Ethical Company® - Ethisphere Institute, March 2017

New cardholders have the chance to earn a $100 welcome bonus if they meet two requirements. First, you need to have a qualifying U.S. Bank product and be in good standing at the time of application. Qualifying products include: any U.S. Bank-issued Credit Card, U.S. Bank Checking or Savings Account, U.S. Bank Mortgage, U.S. Bank Home Equity Line of Credit, U.S. Bank Student Loan, or a U.S. Bank Retirement Account. Secondly, you must spend at least $500 in net purchases within 90 days of account open date. Cash advances, balance transfers, and fees do not count towards the $500 minimum.

How Does The U.S. Bank Cash 365™ American Express® Card Compare To Other Credit Cards?

As we noted in the beginning of this review, 1.5% cash back credit cards are not new. In fact, several have appeared in the past year alone. The table below summarizes some of these new products, and allows you to quickly compare between them.

  U.S. Bank Cash 365™ American Express® Card Barclaycard CashForward™ World Mastercard® Chase Freedom Unlimited® Wells Fargo Cash Wise Visa® Card
 
Signup Bonus $100 after spending $500 within first 3 months $200 cash rewards bonus after you spend $1,000 in purchases in the first 90 days after account opening $150 Bonus after you spend $500 on purchases in your first 3 months from account opening $200 cash rewards bonus after spending $1,000 in net purchases in the first 3 months
APR 14.74% to 23.74% Variable 15.99%, 20.99% or 25.99%* Variable 15.99%-24.74% (Variable) 13.99%-25.99% (Variable)
Promo APR 0% introductory APR for the first 12 billing cycles for balances transferred within 30 days from account opening 0% introductory APR for 15 months on Balance Transfers made within 45 days of account opening 0% Intro APR for 15 months on purchases and balance transfers 0% introductory APR for 12 months on balance transfers and purchases
Foreign Trans Fee 3% 3% 3% 3%
Credit Needed Excellent Excellent Excellent Excellent
Network American Express Mastercard VISA VISA
Full Review Full Review Full Review

In-Depth Comparisons

To get a better measure of the U.S. Bank Cash 365™ American Express® Card’s worth, we compared it against some other leading cash back credit card options.

U.S. Bank Cash 365™ American Express® Card vs Chase Freedom Unlimited®

The Chase Freedom Unlimited® is another card that offers consumers a 1.5% cash back rate on all purchases. What separates it from the U.S. Bank Cash 365™ American Express® Card is its Ultimate Rewards points, which can be very valuable points with a bit of work. If you ever decide to apply for either the Chase Sapphire Preferred® Card or the Ink Plus® Business Credit Card, all the Ultimate Reward points you accumulated can become transferrable to participating programs. These include airlines such as Southwest and hotels like Marriott. Transferability boosts the value of Ultimate Reward points, and in turn raises the rewards rate on the Chase Freedom Unlimited®. Therefore, you can earn much more than 1.5%, as long as you combine it with one of the aforementioned cards.

Another advantage the Chase Freedom Unlimited® has over the U.S. Bank Cash 365™ American Express® Card is when it comes to the sign-up bonus. If you spend $500 within the first 3 months of your account opening, the Chase Freedom Unlimited® gives you $150. That’s $50 more than the current welcome offer on the U.S. Bank Cash 365™ American Express® Card.

U.S. Bank Cash 365™ American Express® Card vs Chase Freedom®

The Chase Freedom® is one of our most recommended top cash back credit cards. Instead of offering a fixed rate on all purchases, the Chase Freedom® card gives 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter. The bonus categories rotate throughout the year, and include things such as gas stations, restaurants, select grocery stores, and wholesale clubs. You can see the 2016 calendar below.

Qtr. 1Qtr. 2Qtr. 3Qtr. 4
Gas Stations, Local Commuter Transportation Grocery Stores and Wholesale Clubs Restaurants Holiday Shopping

As long as 12.5% of your total purchases fall into the 5% bonus categories, the Chase Freedom® will outperform the U.S. Bank Cash 365™ American Express® Card. This is assuming you don’t hit the $1,500 quarterly limit. If you are a big spender, the math gets trickier. If you max out the 5% categories, and spend over $4,000 per month, we recommend going with a fixed 1.5% cash back card, like the U.S. Bank Cash 365™ American Express® Card.

Compare the U.S. Bank Cash 365™ American Express® Card Based on Your Spending

We built a tool that allows cardholders to estimate the rewards they can get out of each card, based on their individual spending profile. Input your approximate monthly budget below, and our calculator will show you how the U.S. Bank Cash 365™ American Express® Card and its competitors stack up.

Edit Monthly Spend: $1,430
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Computing:
Card Annual Fee 2-yr Net Rewards Rate

The Net Rewards Rate is equal to the Rewards Value over two years divided by the total spending. The total spending is equal to the values entered into the tool and multiplied by 24 months. See the Rewards Value note to see details on how it is calculated.

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Bonus Value

The bonus field shows our estimate for the value of the card’s sign-up bonus. If the bonus is point or mile based, we multiply the total bonus points/miles by our estimate for their value to arrive at a dollar equivalent. We display $0 if there is no bonus or if the user doesn’t qualify for the bonus based on the current spending entered into the tool.

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

2-yr Rewards Value

The Rewards Value is calculated by adding together the rewards earned from charging purchases to the card over two years and any sign-up bonuses (if applicable). They are then multiplied by our estimated point/mile value, with any annual fees (if applicable) subtracted. All values are based on our own estimates for the dollar value of any points, miles or bonuses earned using a card.

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Barclaycard CashForward™ World Mastercard®
$0 1.99%
$200
Get a $200 cash rewards bonus after you spend $1,000 in purchases in the first 90 days after account opening
$715
Graph Card Read Review More Details
Annual Fee $0
APR 15.99%, 20.99% or 23.99% Variable

Card Details

  • Get a $200 cash rewards bonus after you spend $1,000 in purchases in the first 90 days after account opening
  • Earn unlimited 1.5% cash rewards on every purchase. Every time you redeem, get a 5% cash rewards redemption bonus to use toward your next redemption
  • Redeem your cash rewards for a deposit into a U.S. checking or savings account, a statement credit or gift cards. Redemptions start at $50
  • Cash rewards do not expire as long as your account is open, active and in good standing
  • Enjoy a 0% introductory APR for the first 15 months on purchases.
  • Plus, you'll get a 0% introductory APR for 15 months on each balance transfer made within 45 days of account opening. After that a variable APR will apply, 15.99%, 20.99% or 23.99%, based on your creditworthiness.
  • Please note, there is a fee for balance transfers
  • No annual fee

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 51,480 x $0.01 = $515
Bonuses
0 x $0.01 = $200
Total Net Estimated Rewards Through 24 Months 715
Capital One® Quicksilver® Cash Rewards Credit Card
$0 1.85%
$150
Get $150 bonus after spending $500 within the first 3 months
$665
Graph Card Read Review More Details
Annual Fee $0
APR 13.99% - 23.99% (Variable)

Card Details

  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Use your Quicksilver card and get 50% back as a statement credit on your monthly Spotify Premium subscription, now through April 2018
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 9 months; 13.99%-23.99% variable APR after that
  • Balance transfers also have a 0% intro APR for 9 months; 13.99%-23.99% variable APR after that; a 3% fee applies to each balance transferred
  • Pay no annual fee or foreign transaction fees

Note: The information in this box was provided by Capital One® and is not part of our independent analysis.

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 515 x $1 = $515
Bonuses
0 x $1 = $150
Total Net Estimated Rewards Through 24 Months 665
Chase Freedom Unlimited®
$0 1.85%
$150
Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening;Earn a $25 Bonus when you add your first authorized user and make a purchase within this same 3-month period
$665
Graph Card Read Review More Details
Annual Fee $0
APR 15.99% - 24.74% Variable

Card Details

  • Unlimited 1.5% cash back on every purchase — it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 51,480 x $0.01 = $515
Bonuses
0 x $0.01 = $150
Total Net Estimated Rewards Through 24 Months 665
U.S. Bank Cash 365™ American Express® Card
No Annual Fee 1.71%
$100
Cardholders who have a qualifying U.S. Bank product and spend $500 within the first 3 months of account opening receive $100
$615
Graph Card Read Review More Details
Annual Fee No Annual Fee
APR 14.74% - 23.74% Variable

Card Details

  • Earn unlimited 1.5% cash back on eligible net purchases
  • New cardmember bonus: $100 after you spend $500 in eligible net purchases in the first 90 days you have the card
  • 0% Intro APR on balance transfers for 12 billing cycles. After that, a variable APR currently 14.74% - 23.74%
  • Unlimited cash back
  • Cash back never expires
  • No annual fee
  • Great Offer for Customers of U.S. Bank, a 2017 World's Most Ethical Company® - Ethisphere Institute, March 2017

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 515 x $1 = $515
Bonuses
0 x $1 = $100
Total Net Estimated Rewards Through 24 Months 615
Chase Freedom®
$0 1.37%
$150
Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
$493
Graph Card Read Review More Details
Annual Fee $0
APR 15.99% - 24.74% Variable

Card Details

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter like gas stations, restaurants and drugstores
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 343 x $1 = $343
Bonuses
0 x $1 = $150
Total Net Estimated Rewards Through 24 Months 493
Capital One® QuicksilverOne® Credit Card
$39 1.21%
$0
$437
Graph Card Read Review More Details
Annual Fee $39
APR 24.99% (Variable)

Card Details

  • Earn unlimited 1.5% cash back on every purchase, every day
  • Use your QuicksilverOne card and get 50% back as a statement credit on your monthly Spotify Premium subscription, now through April 2018
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Fraud coverage if your card is ever lost or stolen
  • Use online banking to access your account, even from your smartphone, with our mobile app
  • Help strengthen your credit for the future with responsible card use

Note: The information in this box was provided by Capital One® and is not part of our independent analysis.

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 515 x $1 = $515
Less Annual Fees -$78
Total Net Estimated Rewards Through 24 Months 437

Comments and Questions

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the issuer's website.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program. 

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). The site does not review or include all companies or all available products. For more information please see our Advertiser Disclosure.