US Bank Cash Plus Review
The U.S. Bank Cash+ Visa Signature Card is designed for individuals seeking customizable cashback rewards. This review delves into the card's cashback options, annual fees, and how it can help you tailor your rewards to your spending habits.
The U.S. Bank Cash+ Visa Signature Card is a unique cashback rewards credit card that allows cardholders to customize their cashback categories each quarter. Here's a review of the U.S. Bank Cash+ card, highlighting its key features, benefits, and drawbacks:
Key Features:
Customizable Cash Back Categories: One of the standout features of the U.S. Bank Cash+ card is the ability to choose your cashback categories each quarter. Cardholders can select two categories from a list that includes options like restaurants, grocery stores, gas stations, and more. This flexibility allows you to tailor your rewards to your spending habits.
High Cash Back Rates: The card offers generous cashback rates in the categories you choose. You can earn up to 5% cash back on your selected categories, with a maximum of $2,000 in combined spending per quarter. Additionally, there are other fixed cashback categories, such as 2% on grocery stores and 1% on all other purchases.
Introductory Bonus: The U.S. Bank Cash+ card often comes with an introductory bonus for new cardholders who meet certain spending requirements within the first few months of card ownership.
No Annual Fee: This card does not charge an annual fee, making it an attractive option for those who want to earn rewards without paying for the privilege.
Redemption Flexibility: You can redeem your cashback rewards as a statement credit, a direct deposit into a U.S. Bank savings or checking account, or as a rewards card. This flexibility gives you several options for using your earned cash back.
Benefits:
Customization: The ability to choose your cashback categories allows you to maximize your rewards in areas that matter most to you, making this card particularly appealing if your spending patterns vary.
No Annual Fee: The absence of an annual fee means you can enjoy cashback rewards without worrying about covering an extra cost.
Generous Cashback Rates: The 5% cashback rate on chosen categories is competitive and can help you earn substantial rewards, especially when combined with the other fixed-rate categories.
Introductory Bonus: The introductory bonus can provide a nice boost to your rewards when you meet the specified spending requirements.
Drawbacks:
Quarterly Category Selection: While the ability to customize your categories is a significant advantage, it can also be a drawback for those who prefer a more set-it-and-forget-it approach to rewards. You need to actively select your categories each quarter.
Spending Limits: The 5% cashback categories are subject to a spending cap of $2,000 per quarter, which means you'll earn 1% cash back once you exceed this limit.
Credit Approval: As with any credit card, approval is based on your creditworthiness, and not all applicants may qualify for this card.
In summary, the U.S. Bank Cash+ Visa Signature Card is a strong choice for individuals who want the flexibility to customize their cashback rewards based on their spending habits. The ability to earn up to 5% cash back in chosen categories, combined with no annual fee and a potential introductory bonus, makes it an appealing option for those looking to maximize their cashback earnings. However, it does require active management of your cashback categories each quarter, and there are spending limits to consider. Be sure to assess how well the card aligns with your spending patterns and preferences before applying.
Assessing the features and benefits of the U.S. Bank Cash+ Visa Signature Card..
The U.S. Bank Cash+ Visa Signature Card is a rewards credit card that offers a variety of features and benefits, including:
- 5% cash back on purchases in two categories of your choice (up to $2,000 in combined purchases per quarter, then 1%). This is a generous bonus rewards rate, especially when compared to other cashback credit cards on the market.
- 5% back on prepaid air, hotel, and car reservations through the Rewards Center. This is a unique benefit that can help you save money on travel expenses.
- 2% cash back on one choice everyday category. This gives you the flexibility to earn bonus rewards on the categories that matter most to you, such as groceries, gas, or dining.
- No annual fee. This is another great feature, as it means that you can keep all of the rewards that you earn.
- Visa Signature benefits. These benefits include purchase protection, extended warranty protection, travel accident insurance, auto rental collision damage waiver, cell phone protection, and trip cancellation/interruption insurance.
Overall, the U.S. Bank Cash+ Visa Signature Card is a great option for consumers who are looking for a rewards credit card with no annual fee and generous bonus rewards rates. The card is also a good choice for consumers who travel frequently, as it offers 5% back on prepaid air, hotel, and car reservations.
Here is a more detailed assessment of the card's features and benefits:
5% cash back on purchases in two categories of your choice
This is a great feature, as it gives you the flexibility to earn bonus rewards on the categories that matter most to you. For example, if you spend a lot of money on groceries and gas, you could choose to earn 5% cash back on those categories. And, if your spending habits change over time, you can easily switch your bonus rewards categories to match your new spending patterns.
5% back on prepaid air, hotel, and car reservations through the Rewards Center
This is a unique benefit that can help you save money on travel expenses. Simply book your travel through the U.S. Bank Rewards Center and you'll earn 5% cash back on your purchase. This can be a great way to save money on your next vacation or business trip.
2% cash back on one choice everyday category
This is another great feature, as it gives you the flexibility to earn bonus rewards on the categories that matter most to you. For example, if you spend a lot of money on dining, you could choose to earn 2% cash back on that category.
No annual fee
This is a great feature, as it means that you can keep all of the rewards that you earn. Many other rewards credit cards have annual fees, which can eat into your rewards earnings.
Visa Signature benefits
Visa Signature benefits are a valuable perk of the U.S. Bank Cash+ Visa Signature Card. These benefits include purchase protection, extended warranty protection, travel accident insurance, auto rental collision damage waiver, cell phone protection, and trip cancellation/interruption insurance. These benefits can provide you with peace of mind when you're traveling or making purchases with your credit card.
Overall
The U.S. Bank Cash+ Visa Signature Card is a great option for consumers who are looking for a rewards credit card with no annual fee and generous bonus rewards rates. The card is also a good choice for consumers who travel frequently, as it offers 5% back on prepaid air, hotel, and car reservations.