The U.S. Bank Cash+® Visa Signature® Card offers a great opportunity for those seeking to maximize everyday savings through flexible cash back rewards. With this card, you can earn up to 5% cash back on two categories of your choice each quarter, on your first $2,000 combined eligible purchases. Additionally, you earn 2% cash back on one everyday category of your choosing and 1% cash back on all other eligible purchases. The card features no annual fee and a competitive introductory APR offer: 0% intro APR on purchases and balance transfers for the first 15 billing cycles, followed by a variable APR currently ranging from 18.24% to 28.49% depending on your creditworthiness.

The terms and conditions are transparent, ensuring cardholders understand the earning structure. Cardmembers must enroll each quarter into their cash back categories; otherwise, all net purchases will earn just 1% cash back. Cash rewards can be redeemed as a statement credit, direct deposit, or for other rewards options. Importantly, the bonus for new applicants has recently increased from $150 to $200 after making $1,000 in eligible purchases within 90 days of account opening.

How to Apply: Step-by-Step

• Evaluate your eligibility, aiming for a good to excellent credit score.
• Gather required personal and financial information.
• Submit your application via the issuer’s website or designated channels.
• Wait for approval notification and review the cardholder agreement thoroughly once received.
• Once approved, activate your new card and enroll in your reward categories each quarter.

Pros of the U.S. Bank Cash+® Card

The card’s outstanding feature is its flexibility, allowing users to select two 5% categories per quarter from a diverse list that often includes recurring bills, cell phone providers, streaming services, or restaurants. This adaptability ensures the card matches your changing spending habits throughout the year.

Another advantage is the lack of an annual fee, making the rewards structure accessible to more users and enabling you to keep more of your earnings. The $200 sign-up bonus is competitive for a no-annual-fee card, providing a valuable upfront incentive.

Cons of the U.S. Bank Cash+® Card

A potential drawback is the need to actively select your 5% and 2% categories each quarter. If you forget, you’ll default to earning only 1% cash back on all purchases, which can reduce your rewards significantly.

Another limitation is the $2,000 combined quarterly cap across chosen 5% categories. While substantial, high spenders may find this ceiling restrictive for maximizing returns on larger purchases.

Verdict: Is the U.S. Bank Cash+® Right for You?

The U.S. Bank Cash+® Card excels for users who value flexibility and are diligent about managing their quarterly reward selections. The attractive sign-up bonus, 5% cash back in customizable categories, and no annual fee make it a leading contender for cash back rewards. If you can keep up with category enrollment each quarter, this card offers elevated earning potential without extra costs, making it a smart choice for savvy consumers looking to maximize cash back.