U.S. Bank Cash+ Visa Signature Credit Card Review – Forbes Advisor

Earning Rewards

The U.S. Bank Cash+ Visa Signature Card Earn 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose (1% thereafter); Earn 2% cash back on one everyday category, like gas stations, grocery stores or restaurants; Earn 1% cash back on all other eligible purchases.

The Up to 5X Reward Rate options include:

  • TV, internet and streaming services
  • Fast food
  • Cell phone providers
  • Department stores
  • Home utilities
  • Select clothing stores
  • Electronics stores
  • Sporting goods stores
  • Movie theaters
  • Gyms/fitness centers
  • Furniture stores
  • Ground transportation

This card does offer a welcome bonus: Earn a $150 bonus after you apply online and spend $500 in eligible net purchases within the first 90 days of account opening.

Redeeming Rewards

U.S. Bank Cash+ cash back can be redeemed for a statement credit, a rewards card or directly into a U.S. Bank checking or savings account with a minimum redemption of $25. Cash rewards expire at the end of the calendar month, 36 months after the billing cycle in which they were earned.

Rewards Potential

To determine the rewards potential of the U.S. Bank Cash+ Visa Signature Card we have to consider what an American household might spend on a credit card each year. Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. The 70th percentile of wage-earning households bring in $100,172 annually and we base spending on that number.

Forbes Advisor estimates that the household has $26,410 in expenses that can be reasonably charged to a credit card. Assuming that $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 at grocery stores and earns 2% cash back, $113.74 more cash back will be earned. If remaining credit card expenses of $12,723 are charged, $127.23 of cash back will be earned, resulting in a total of $455.17 in annual cash back.

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