Maximize Your Savings with the U.S. Bank Cash+® Visa Signature® Card: Earn 5% Cash Back on Qualifying Purchases

Following the trend of other cards, the U.S. Bank Cash+® Visa Signature® Card offers an innovative cashback offer: You can accumulate up to 5% on qualified purchases.

Every quarter, the card chooses some categories so that you can select two of them to enjoy the best offers during a specific period. In these two categories you chose, all purchases made up to US$2,000 will generate 5% cashback.

In other words, you will receive at least US$100 in cashback every quarter when you complete the category's spending limit.

But the proposal does not end there. Your purchases made in categories other than those chosen for the quarter will still generate credits in the form of cashback, 2% in a continuous category, and 1% for any other eligible payment.

This proposal from the U.S. Bank Cash+® Visa Signature® Card places the card among prominent names in the credit market with rotating and fixed cashback, such as Discover it® Cash Back and Wells Fargo Active Cash®.

Keep reading to learn more about this great product that is available on the market today.  

Unlock the Benefits Inside Your U.S. Bank Cash+® Visa Signature® Card

The U.S. Bank Cash+® Visa Signature® Card is a card that brings more than cashback as benefits to its subscribers.

Like other popular offers on the market, when starting your relationship with the bank, you must achieve a goal: collect US$1,000 in qualifying purchases over 120 days to earn a welcome bonus of US$200. This bonus can be used to pay off part of your monthly statement and to purchase an item through stores associated with the card.

Additionally, there is also the introductory 0% APR offer. In practice, the 0% APR is exciting for those with debt with other cards but who want to replace the interest rate with a more competitive one. The U.S. Bank Cash+® Visa Signature® Card has 15 billing cycles with a 0% APR rate to achieve this.

Shortly after the end of the 15-month cycle, there will be a variable APR charge, which ranges from 19.49 to 29.74%.

However, it should always be noted that the bank may charge a balance transfer fee, which, in the case of the U.S. Bank Cash+® Visa Signature® Card, will vary depending on your credit reputation in the market – your FICO score.

Another advantage of your card is that it does not have an annual fee. In other words, you can access all the card's benefits without paying an annual fee.

Refund Categories: Understanding Them and Making the Right Choices

The U.S. Bank Cash+® Visa Signature® Card has an exciting reimbursement 

system and is ideal for those who know their spending patterns.

Today, the card has 12 categories and allows you, among them, to choose which two categories your spending – limited to US$2,000 per quarter – will generate the highest reimbursement percentage, which, today, is 5%.

In addition to this choice, the customer still has to make another: from a list of three categories, they must choose which one will receive the 2% refund, but this time, for unlimited spending.

When compared to other credit cards that have in their scope the payment of rewards in the form of cashback, this is certainly far from being the simplest structure on the market.

However, this can be a fascinating structure for those who know their spending pattern and profile, mainly so that larger purchases can be programmed each quarter.

Currently, the categories that the card lists and includes so that three can be chosen from among them are:

• Fast food; 
• Internet, TV, and online entertainment services;
• Telephone expenses;
• Housewares;
• Department store;
• Retail trade of electronics;
• Stores specializing in sporting goods;
• Movie theaters;
• Gyms and fitness centers;
• Store specializing in furniture items;
• Land transport;
• Clothes store.

While the categories that have cashback limitations of 2% include:

• Restaurants;
• Grocery stores and food delivery;
• Gas stations and electric vehicle charging centers.

Exploring the Drawbacks of the U.S. Bank Cash+® Visa Signature® Card

When it comes to disadvantages — which will exist in any type of credit card, no matter how good its offer may be — the U.S. Bank Cash+® Visa Signature® Card certainly comes out on top compared to many other good opportunities in the financial market.

Today, its foreign transaction fee makes it a poor travel partner. The card currently charges a 3% fee for transactions made outside the USA. Furthermore, you will also pay the same fee when you withdraw your money from ATMs outside the country.

In other words, when planning your trip, the U.S. Bank Cash+® Visa Signature® Card is a terrible choice, and other options on the market, such as the Citi Premier® Card, for an annual fee of US$95, are a good choice. It's much more accurate.

Another disadvantage is that if your financial planning does not include options with greater cashback, using the card may not be the most advantageous option, as it would offer a meager rate of return — just 1%.

Assessing the Value of the U.S. Bank Cash+® Visa Signature® Card: Is It Worth It?

The U.S. Bank Cash+® Visa Signature® Card is a card that is only worth it for those who have impeccable financial planning and always know how and what their expenses will be.

For those who are, for example, building their house, it can be a great advantage to have the card for populating the home with furniture. Cardboard is an excellent choice for those who know that the time has come to renew their wardrobe.

However, it is always worth understanding whether your consumption pattern will be effectively flexible to meet the card's demands. If so, go ahead and use the world of cashback to your advantage!