U.S. Bank Cash+ Offering Bonus 0.5% Cash Back On All Purchases For First Year

The Offer

Direct Link

  • 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

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9 Comments
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Credit-boy-toy
Credit-boy-toy (@guest_452396)
August 3, 2017 03:39

I got a us+ card about 11 months ago and I got the $100 and the $250for redeeming. Call them directly and ask about it.

Credit-boy-toy
Credit-boy-toy (@guest_452397)
August 3, 2017 03:39

*$25 for redeeming.

SA13
SA13 (@guest_448146)
July 27, 2017 21:39

Also, US Bank have one time bonus of $25 for redeeming $100 or more.

One quick question, can we apply for multiple USBank Cash+ accounts.

Tim
Tim (@guest_451699)
August 2, 2017 11:34

Thought they stopped that ($25 bonus when redeeming $100)…

Sa13
Sa13 (@guest_452274)
August 2, 2017 23:10

Really didnt know that

NinjaX
NinjaX (@guest_448024)
July 27, 2017 19:19

wait wait. its EITHER OR? $100 sign up or 0.5% extra? i tried looking in TC but nothing definitive in either app saying you WILL get $100 or .5% or whatever except for the landing pages.

Amy
Amy (@guest_469084)
August 31, 2017 01:32

I clicked through the direct link on the old page (for the $100 sign-up bonus, about a year old) and saw BOTH the bonus of $100 after spending $500 in 90 days and the additional 0.50% cash back in the first year, as well as the $25 cash bonus on your first $100 single redemption.

Matt
Matt (@guest_448115)
July 27, 2017 20:59

There is also a targeted $200 sign up bonus but it has a unique Confirmation Code.