Posted by William Charles on June 20, 2016
Credit Card Offers

Published on June 20th, 2016 | by William Charles

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U.S. Bank Cash 365 American Express Card Review – $100 Sign Up Bonus + 1.5% Cash Back On All Purchases

Today U.S. bank launched the U.S. Bank Cash 365 American Express card (alongside the U.S. Bank FlexPerks Gold American Express Card that we’ve already reviewed). It seems that 1.5% cash back cards with a $100 sign up bonus are the flavor of the month with Wells Fargo offering their Cash Wise card and Barclaycard also recently launching the Cash Forward card). Let’s take a look at U.S. Bank’s attempted with the Cash 365 card.

  • $0 annual fee
  • Card earns 1.5% cash back on all purchases
  • Rewards never expire ($20 minimum redemption)
  • $100 sign up bonus when you spend $500 within 90 days of account open date. You also must have a qualifying U.S. bank product:
    • Any U.S. Bank-issued Credit Card
    • U.S. Bank Checking or Savings Account
    • U.S. Bank Mortgage
    • U.S. Bank Home Equity Line of Credit
    • U.S. Bank Student Loan
    • U.S. Bank Retirement Accounts

u.s bank cash 365 american express card review

Our Verdict

There are cards that offer 2% cash back or more on all purchases and plenty of cards with a sign up bonus of more than $100. In fact at the moment the Fidelity Visa from Elan (subsidary of U.S. bank) offers 2% cash back on all purchases and a $100 sign up bonus, so I don’t see why anybody would sign up for this new card (even the Wells Fargo card is better because of cell phone insurance). The one upside to this card is that it’s an American Express card, so you can enroll in AmEx Sync Twitter offers, but good ones have been pretty thin recently. I wish this trend of 1.5% cards would die, I’d much rather some category bonuses or a decent sign up bonus – then again I’m not exactly a profitable customer so I’m not surprised card issuers aren’t creating new cards that I like.

If for whatever reason you still want to apply, read 20 Things Everybody Should Know About US Bank Credit Cards first and make sure you’ve frozen these two bureaus.

 

 



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Dave
Dave

For the few that still have an active Serve card, you can do online loads till they shut you down. Probably won’t last very long though.

bob
bob

no additional cashback (above the 1.5%) for having a US Bank checking account?

that’s one of the nice things about BoA, even tho the bump isn’t that big (unless you have a TON of money deposited with them)

jose sanchez
jose sanchez

I applied for US bank cash 365, described as you get the bonus of 100 dlls back after spending 500 I am calling the card and they do not have any idea of what I am talking about it. They said this offer never was offer by them.jos

Radar
Radar

Yep. They are notorius for not honoring bonuses . There are at lest 5 others that i know didnt receive bonus. Usbank is fraud , they advertise and not pay ,later weasle out of their ways by giving reasons like this was targetted. But they prequalify the very same people with bonus offers. They should be held accountable for fraud

RONALD DERFEL

$100 sign up bonus when you spend $500 within 90 days of account open date. You also must have a qualifying U.S. bank product:
Any U.S. Bank-issued Credit Card IS A QUALIFYING PRODUCT. Do I need ANOTHER US BANK CC BEFORE I GET THE SIGN UP BONUS OR IS THE CARD I WAS SEND THE 365 AMEX OK OR IS THIS A GIMMICK. I WILL NOT USE IT OTHERWISE FOR FRAUD.

U.S. Bank Cash 365 American Express Card Review – $100 Sign Up Bonus + 1.5% Cash Back On All Purchases

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