The US Bank Cash+ boasts an impressive 5% cash back on your buys, along with a unique $200 bonus for newcomers.
It’s apparent you cherish the thrill of earning cash back, and you’ve likely been scouting for that ultimate rewards card. Many cards come with their share of advantages and drawbacks. However, the predetermined spending categories often perturb users. If, for instance, you’re not a frequent traveler, then a card heavily skewed towards travel might not yield the best returns for you.
With the US Bank Cash+, you aren’t boxed into static categories. If groceries dominate your credit card usage, you can make that your primary category. The same flexibility applies to any other category you prioritize.
Apart from the bespoke cash back categories, you’ll also enjoy some rewards on travel and a bonus category that comes with no caps. Intrigued? Dive in to get acquainted with the US Bank Cash+, which promises to reward you for your expenditures.
Delve deeper to understand its facets, including the nitty-gritty of its cash back program. Plus, we’ll elucidate its additional pros, potential cons, and provide insights on its rates and charges.
How does the US Bank Cash+ function?
The moniker says it all: it’s designed to offer maximal cash back. Unlike many of its counterparts that box you into rigid categories, with this card, you dictate your top rewards spheres. For starters, know that you can rake in up to 5% cash back, surpassing the typical 2% benchmark found with most cards. However, there’s a bit of intricacy involved.
You might not brand the US Bank Cash+ as your go-to card, but it can be that secret sauce in your financial toolkit for those cherry-picked purchases. For enthusiasts and aficionados of the credit card realm, this card is akin to a cherry on top. Every quarter, remember to earmark your preferred categories. And there’s more in store as you’ll soon discover.
Benefits of the US Bank Cash+
At its core, the massive cash back is an undeniable draw. But delving deeper reveals a plethora of other merits:
• Stellar cash back rates in chosen categories;
• Zero annual charges;
• High overall rewards rate;
• A lucrative $200 sign-up incentive;
• A generous spending ceiling for elite reward brackets.
Evidently, this card isn’t burdensome on the wallet. If you’re on the prowl for a card that unlocks every avenue of cash back, your search might end here.
Target Audience
The 5% reward tier, albeit appealing, isn’t novice-friendly. Given its intricate nature, novices might find it challenging. If you’re just dipping your toes into the world of credit card rewards, perhaps starting with a more straightforward card is prudent.
Demystifying the Rewards Scheme of US Bank Cash+
Time for the meaty part: rewards! The US Bank Cash+ has a robust cash back blueprint. Unlike most cards, here, you, the user, earmark your high-earning categories quarterly. You’ll relish 5% cash back on your top two categories, capped at $2,000 every quarter. You also have the autonomy to opt for a third category, raking in 2% cash back sans limits. Though the 5% category orbits around niche domains, there’s a flat 1% cash back on all eligible buys.
Redemption Simplified
Redeeming is a cinch if you own a US Bank savings/checking account, with a minimum of $25. Without these, a statement credit is your way to go. Ensure timely redemptions as rewards lapse post 36 months.
Drawbacks of the US Bank Cash+
Every rose has its thorn. The primary hiccup is its complexity. Users have expressed concerns about the niche nature of the 5% category. For the average Joe seeking a daily-use card, this might not be the best fit.
Interest and Charges Snapshot
With no annual fee and intriguing introductory offers, the card comes with:
• 0% intro APR on balance transfers for 15 billing cycles;
• 0% intro APR on purchases for 15 billing cycles;
• A variable APR ranging from 15.99% to 25.99% post-promo;
• And a few other fees;
To dive into this cash back adventure, head to the official US Bank website and commence your application.
On credit card page