The US Bank Cash + Visa Signature Card Earn 5% cash back on your first $ 2,000 of combined qualifying purchases each quarter in the two categories you choose (1% thereafter); Earn 2% cash back on an everyday category, like gas stations, grocery stores or restaurants; Get 1% cash back on all other qualifying purchases.
Up to 5X reward rate options include:
- TV, Internet and streaming services
- fast food
- Mobile phone providers
- Department stores
- Domestic utilities
- Select clothing stores
- Electronics stores
- Sporting Goods Stores
- Movie theater
- Gyms / fitness centers
- Furniture stores
- Land transportation
This card offers a welcome bonus: earn a bonus of $ 150 after applying online and spend $ 500 on qualifying net purchases within the first 90 days of opening the account.
US Bank Cash + can be redeemed for credit on a statement, rewards card, or directly to a US Bank checking or savings account with a minimum refund of $ 25. Cash rewards expire at the end of the calendar month, 36 months after the billing cycle in which they were earned.
To determine the rewards potential of the US Bank Cash + Visa Signature Card, we need to consider what an American household might spend each year on a credit card. Forbes Advisor uses data from various government agencies to determine both basic income and average expenses in various categories. The 70th percentile of salaried households earns $ 100,172 per year and we base our spending on that number.
Forbes Advisor estimates that the household has an expense of $ 26,410 that can reasonably be charged to a credit card. Assuming $ 4,284 is spent in 5% cash back categories each year, a cardholder would earn $ 214.20 in cash back each year. Assuming an additional $ 5,687 is spent in grocery stores and generates 2% cash back, an additional $ 113.74 will be earned. If a remaining credit card fee of $ 12,723 is charged, cash back of $ 127.23 will be earned, for a total of $ 455.17 in annual cash back.