Published on July 10th, 2016 | by Chuck15
U.S. Bank Cash+ $100 Signup Bonus & $25 Redemption Bonus
- Get a new US Bank Cash+ or Cash 365 Amex card and receive $100 bonus after you spend $500 within 90 days
- Get a $25 bonus when you redeem $100 or more in a single transaction
This bonus is really for any Cash+ cardholder, not just new cardholder. We used to get the $25 bonus each time that $100 was redeemed in one transaction, but a while back they limited it to just one $25 bonus per account.
Since you’ll have $100 from the signup bonus, this is an automatic additional $25 bonus. Just make sure to do a single $100 redemption to get it.
The Fine Print
- To earn the one-time Customer Relationship Bonus, you must have an existing qualifying U.S. Bank product (5) in good standing when you apply, are approved for, and open the Cash+ Visa Signature Card, and spend $500 in net purchases within 90 days of account open date. Terms of this offer are subject to change. Please allow 6-8 weeks after you have met the account relationship and spend requirements for the Bonus to be credited to your rewards balance.
- Qualifying U.S. Bank products are: any existing 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, or U.S. Bank Retirement Accounts.
This card is unique in the 5% cash back category as it allows you to choose two different cash back categories out of a list of options. We rounded up the currently available categories in this post. You can earn 5% on up to $2000 in purchases per quarter in the two categories which you choose.
The card also earns 2% in one of the following categories: gas, grocery, restaurants, but that’s not too exciting.
The $100 Cash+ offer comes up from time to time, although I don’t think we’ve seen it recently. In the past, this $100 US Bank relationship bonus has only been for in-branch card approvals on numerous U.S. Bank cards. They are now offering this for online approvals of the Cash+ card. They have a similar offer to get $100 bonus on the Cash 365 Amex card for online applications. (If you already got $100 relationship bonus, I don’t know if you’ll be eligible to get it again for approval of a different credit card.)
It’s not clear whether those who are only approved for the lower, non-Signature Cash credit card will get the $100 bonus as well. The terms indicate that non-Signature members will not get the $100 bonus, but it also has outdated info about the 5% categories not being applicable to non-Signature approvals which is no longer true (look at the actual terms of the card offer and you’ll see the updated terms). As such, it’s not clear whether the $100 bonus will work for non-Signature approvals.
If you don’t have any U.S. Bank credit card, you might want to start a relationship with U.S. Bank by taking advantage of the currently available $150 U.S. Bank checking bonus. I’d recommend finishing the checking account approval process completely, and then applying for the Cash+ card using your login, so as to ensure that they recognize you as an existing customer.
There’s also a chance that you’ll get an additional $50 bonus when doing the checking offer and applying for a U.S. Bank credit card, but it’s not entirely clear whether the $50 bonus will hit for credit card approvals which got a signup bonus; see the checking bonus post for more details.
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 Gregordian Knot