The Offer
- Get a new US Bank Cash+ card and receive an additional 0.5% cash back on all eligible purchases made within the first year of account opening. This means you earn at the following rates for the following purchase:
- 5.5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose
- 2.5% cash back on one everyday category you choose (gas, grocery, restaurants)
- 1.5% cash back on all other purchases
Card Details
- No annual fee
Our Verdict
There is also a $100 bonus on this card so you really need to compare this offer to that. If you max out the 5% categories you’d be spending $10,000 (you could spend $2,000 per quarter for five quarters in your first year as we are mid quarter at the moment) and that would net you $50. The 1.5% category isn’t worth considering as there are cards that earn at a higher rate than that. That means you’d need to spend over $10,000 in the first year on the everyday category you pick, just keep in mind there are cards that earn at higher rates on those purchases as well. For example:
Because of that I wouldn’t recommend this offer to anybody. Stick with the $100 bonus instead. Remember, that when applying for US Bank credit cards, it’s useful to freeze your IDA and ARS credit reports. It’s also worth reading 20 Things Everybody Should Know About US Bank Credit Cards before applying.
Hat tip to reader Dubs3011
