U.S. Bank Cash+™ Visa Signature® Card:Is It One Of The Best?

U.S. Bank Cash+™ Visa Signature® Card:Is It One Of The Best?

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Citi is an advertising partner.

The U.S. Bank Cash+™ Visa Signature® Card has a combination of great flexibility and high rewards. Cardmembers get to earn 5% cash back on your first $2,000 in combined eligible net purchases ($100 per quarter) on two categories you choose. That adds up to $400 cash back! The cap limits this card’s utility to just low and mid spenders. Generally speaking, if you regularly spend more than $8,000 every three months, we calculate that you'll benefit more from a fixed-rate 2% credit card.

Example of average consumer expenditure

The above graph is based on average consumer expenditure data by the Bureau of Labor Statistics, and a sample user who selected "Grocery Stores" as a 2% cash back category, and nothing else.

Review: Our Thoughts On The U.S. Bank Cash+™ Visa Signature® Card

For some consumers, the U.S. Bank Cash+™ Visa Signature® Card can easily be one of the best cash back cards to get: Earn 5% cash back on your first $2,000 in combined eligible net purchases ($100 per quarter) on two categories you choose. That adds up to $400 cash back! If you spend heavily in two of the 5% cash back categories, and one of the three 2% cash back categories, this card can be highly rewarding. The U.S. Bank Cash+™ Visa Signature® Card is one of the only personal credit cards to allow users to pick the merchants in which they can earn a 5% rewards rate. However, because those categories come with a $2,000 spending cap, we estimate that most people who spend more than $8,000 every three months would be better off with a card like the Citi® Double Cash Card – 18 month BT offer that offers 1% back on purchases and 1% back when you pay for those purchases. Ultimately, it comes down to how much you optimize your spending in each of those categories, and how much you spend overall that falls outside of the bonus categories.

2% Categories (You Pick One)
5% Categories (You Pick Two)
Gas StationsSelect Clothing StoresFurniture Stores
RestaurantsGyms/Fitness CentersCar Rentals
Grocery StoresSporting Goods StoresCharity
Cell PhonesMovie Theaters
BookstoresFast Food
Electronics Stores
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The U.S. Bank Cash+™ Visa Signature® Card currently has a signup bonus of $150 after you spend $500 in eligible net purchases in the first 90 days of account opening

Bottom Line: In the long-term, the U.S. Bank Cash+™ Visa Signature® Card can produce significant savings for consumers, as long as they already spend money on the 5% and 2% cash back categories offered by this card. The high rewards rate coupled with the added flexibility of being able to choose your own rewards categories, makes this a great card. High spenders, however, should invest some time into considering other options.

The U.S. Bank Cash+™ Visa Signature® Card Benefits & Features

With the U.S. Bank Cash+™ Visa Signature® Card, people have the option to choose two categories each quarter in which they can earn 5% cash back on the first $2,000 in combined purchases. In addition to this, one everyday category can be selected in which the cardholder earns 2% back, with no limits. All other purchases charged to the card will earn 1% cash back.

You'll have to log into your account every quarter to identify the bonus categories. You can keep selecting the same category each quarter; they're just not going to carry over. If you forget to pick your bonus categories, the card will award you just 1% back on everything.

There is no minimum redemption requirement for the rewards you earn through this card. That means you can access and withdraw all the cashback you accumulate. Most credit cards will not allow consumers to do this until they have at least $25 in rewards accumulated, which can often lock people out of their rewards for periods of time.

How Does The U.S. Bank Cash+™ Visa Signature® Card Compare To other Credit Cards?

In order to get a sense of any card’s value, it’s crucial to compare it to other available options. We took a look at other leading competitors to the U.S. Bank Cash Plus credit card to see how it performs.

U.S. Bank Cash+™ Visa Signature® Card vs Chase Freedom Flex℠

  • On Chase's Secure Website

The Chase Freedom Flex℠ lets you Earn 5% cash back on eligible purchases in rotating categories, 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases. Generally, most of the card’s bonus categories do not line up with those on the U.S. Bank Cash+™ Visa Signature® Card. In choosing between the two cards, you should take the time to evaluate the those merchants with which you can earn the 5% reward on each card. If you only want to apply for one card, pick the one whose categories line-up best with where you shop. With the Chase Freedom Flex℠ you should also take into consideration the fact that you don’t get to pick the categories, so timing is important. Look at when during the year each 5% category is offered, and see if it will align with your type of spending in that quarter.

January - March
April - June
July - September
October - December
Wholesale clubs, internet, cable and phone servicesGas stations and home improvement storesTBDTBD
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The U.S. Bank Cash+™ Visa Signature® Card vs U.S. Bank Perks+ Visa Signature® Card

If you spend a significant amount of money on gas and grocery purchases, the U.S. Bank Perks+ Visa Signature® Card may be a better option for you, if you meet the right criteria. Firstly, even if just 25% of your total purchases fall into categories where you earn 5% cash back, go with the U.S. Bank Cash+™ Visa Signature® Card. On average, it will then in the very least give you as good of a return as the Perks+ credit card’s best possible rewards rate. If we’re just comparing the card’s based on gas and grocery purchases, the edge has to go to the Perks+ credit card. With the U.S. Bank Cash+™ Visa Signature® Card, you can only get a 2% rewards rate in one of those categories, while the U.S. Bank Cash+™ Visa Signature® Card delivers that for both. In the end, choosing between these two cards has to come down to how your spending breaks down.

The U.S. Bank Cash+™ Visa Signature® Card vs Citi® Double Cash Card – 18 month BT offer

  • On Citibank's Secure Website

If you’re in the market for a cash back credit card, the Citi® Double Cash Card – 18 month BT offer is worth considering. While you can’t optimize it to provide you returns as high as those on the US Bank Cash Plus credit card, it does provide users with a well rounded rewards program. The card lets you Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. This can produce better rewards for consumers in two ways. First, if your spending is extremely varied –- that is less than 25% of your purchases fall into categories where you can earn 5% -- you should prefer the Citi® Double Cash Card – 18 month BT offer. You will also benefit more from the Citi card if you if you are a high spender. Keep in mind the U.S. Bank Cash+™ Visa Signature® Card caps the 5% categories at $2,000 in purchases each quarter. Therefore, if you spend more than $8,000 each quarter, you’ll be better with the Citi® Double Cash Card – 18 month BT offer.

The information related to the Chase Freedom® has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

Joe Resendiz

Joe Resendiz is a former investment banking analyst for Goldman Sachs, where he covered public sector and infrastructure financing. During his time on Wall Street, Joe worked closely with the debt capital markets team, which allowed him to gain unique insights into the credit market. Joe is currently a research analyst who covers credit cards and the payments industry. He earned a bachelor’s degree from the University of Texas at Austin, where he majored in finance.

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.

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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.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).