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The U.S. Bank Cash+ Visa Signature Card has an offer for $200 bonus cash when you spend $500 within the first 90 days. This is a good bonus value for a card with no annual fee.
Earn rewards on your own terms with the Cash+ card. Instead of set bonus categories, you get to pick the ones that suit your spending every quarter. Choose wisely, and you’ll get high earning potential with excellent long-term value.
You choose 2 categories each quarter where you’ll earn 5% cash back on up to $2,000 in combined purchases. For unlimited 2% cash back, you’ll choose one everyday spending category. All other purchases will earn 1% cash back.
There are a lot of choices in 5% categories to choose from each quarter. Examples have included cell phone providers, department stores, ground transportation, home utilities, fast food, movie theaters, etc. The 2% everyday categories include things like gas stations, grocery stores and restaurants.
This customization of rewards is great, but you have to remember to choose and activate your categories each quarter. If that’s too much work for you, consider a flat-rate rewards card instead.
*U.S. Bank also offers great sign-up bonuses for its Checking/Savings accounts.
CHASE FREEDOM FLEX℠
The Chase Freedom Flex℠ credit card is going to earn you a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. The welcome bonus comes in the form of 20,000 Ultimate Rewards points. This card has no annual fee.
This card earns 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate (new categories each quarter). Travel purchased through Chase also earns 5%.
This card earns Ultimate Rewards (UR) points and is a popular option for a multi Chase card strategy. You can pool points together with consumer cards like the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®. Or, with a business card like the Ink Business Preferred® Credit Card. The 20,000 UR points could be worth around $400 with this strategy, rather than the standard $200. Read more on this here.
Cash+ Card $200 Bonus Cash Offer
Take advantage of the Cash+ card’s introductory offer: $200 bonus cash. To qualify, charge at least $500 to your card within the first 90 days of opening your account. Compare to other card bonuses here.
Here are some ideas on meeting the spending requirement.
Earning Your Cash+ Rewards
You’ll earn 5% cash back on your first $2,000 each quarter on the combined two categories of your choosing. If you hit the spending cap every 3 months, that means $100 in bonus rewards each year.
Pick one everyday spending category every quarter and earn unlimited 2% cash back on those purchases. All other eligible spending earns unlimited 1% cash back.
The Cash+ card’s 5% categories change quarterly. Examples in the past include:
- Gym memberships
- Cell phone bills
- Home utilities
- Ground transportation
- Movie tickets
- Fast food
- Car rentals
- Sporting goods
- Bookstore
- Electronics
- Department store purchases
- Charitable donations
Everyday spending category choices that earn unlimited 2% cash back can also change. Typical examples have been:
- Gas stations
- Grocery stores
- Restaurants
To activate bonus categories, log into your account and identify which ones you want to register. You can pick the same categories every quarter, but they won’t automatically carry over. If you forget to identify your bonus categories, you’ll only earn 1% cash back on all your purchases.
Redeeming Your Cash+ Rewards
You can redeem your cash back as:
- Statement credits to your Cash+ account
- Direct deposits to a U.S. Bank account
- Rewards cards ($20 minimum in $5 increments)
Bottom Line
The U.S. Bank Cash+ Visa Signature Card can be very rewarding if you pick your bonus categories right. But, keep in mind, your 5% rewards are capped at $2,000 every quarter. If you’re a big spender, you can find better value with other credit cards.
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Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.