U.S. Bank Cash+™ Visa Signature® Card

For a young person with excellent credit score

Many credit cards have rotating cash back categories, but this is not the case for the U.S. Bank Cash+™ Visa Signature® Card. Instead, you will be allowed to pick your own cash back categories from an extensive list of available options. For a young person with a small income, this can make huge difference since you will be able to pick the categories where you spend a majority of your money. For a student without a car, getting a quarterly cash back on gas is pretty useless, and for a young person on a very small income, that excellent bonus for first class air travel will probably not be of any value. With the U.S. Bank Cash+™ Visa Signature® Card, a young person can save money by getting a cash back for categories where he or she is actually spending.

The U.S. Bank Cash+™ Visa Signature® Card is not for anyone – young or old. In most cases, an excellent credit score or low 700’s is required to be approved for this card.

The U.S. Bank Cash+™ Visa Signature® Card is issued by U.S. Bank National Association, a company owned by U.S. Bancorp.

Highlights

U.S. Bank Cash+™ Visa Signature® Card has no annual fee, and is therefore a great choice even if you are a young person living on a very small budget.

As mentioned above, you get to pick the categories for cash back instead of having them picked for you. This gives your freedom to select the categories that are most beneficial to you based on your spending habits.

For the two categories your pick, you get 5% cash back on your first $2,000 in combined net purchases each quarter.

You get 2% cash back on your choice of one everyday category (e.g gas or groceries). There is no upper limit for this cash back

You get 1% cash back on other purchases. There is no upper limit for this cash back.

VISA is a well-known brand even outside the United States and it is usually not difficult to find merchants that accepts VISA credit cards when abroad. It is also accepted by many ATMs around the world, making it easy for your to make cash withdrawals during your stay. This is especially helpful for young persons that may be spending a whole semester or more abroad studying, working or volunteering.

Downside

You can only get a U.S. Bank Cash+™ Visa Signature® Card it if you have a high credit score.

There is no special introductory interest rate on purchases.

More information about Discover it

This information was obtained in 2016 and concerns the U.S. market. It is always a good idea to visit the U.S Bancorp site or the U.S. Bank National Association site to make sure you get the latest updates before you make any decision.

• The APR varies based on your creditworthiness. At the time of writing, the APR can be anything from 13.24% to 24.24%.
• Introductory offer: During the first 9 billing cycles, the APR is 0% for balances transferred within 30 days from account opening.
• There is no minimum redemption amount for cash backs. Even a small amount of cash back can be redeemed at any time to checking, savings or statement credit.
• If your card is lost or stolen, a replacement card can be sent within 48 hours.
• Your account will be actively monitored for fraud and you will be contacted if any suspicious activity is detected.
• Sing up with Account Alerts at U.S. Bank Internet Banking to get alerts for account activity. These alerts can be sent as emails or SMS.
• If you apply for a U.S. Bank Cash+ Visa Signature Card but don’t qualify, the issuer will proceed to see if you qualify for the U.S. Bank Cash Rewards Visa Card instead. With the U.S. Bank Cash Rewards Visa Card, you get a 1% cash back on all net purchases.

U.S. Bank Cash+™ Visa Signature® Card at a glance

Annual fee	$0
Regular APR	Variable within the 13.24% – 24.24% span, depending on the clients creditworthiness
Intro APR purchases	No intro offer available for purchases
Intro term purchases	No intro offer available for purchases
Intro APR balance transfers	0% (conditions apply)
Intro term balance transfers	9 months

About the issuer

U.S. Bancorp is the parent company of U.S. Bank National Association, which is the 5th largest bank in the United States in terms of assets, 5th largest in terms of deposits and 4th largest in terms of branches. The company has roughly 5,000 ATMs in the United States.

U.S. Bank formed the parent company (holding company) U.S. Bancorp in 1968.

U.S. Bancorp is a public company listed in the New York Stock Exchange. It trades as USB, and is included in the famous S&P 500 Component stock index.

U.S. Bank ranked 3rd best in customer service within the banking industry in the 2013 Temkin Group ratings. This was a sharp improvement from the previous year, when U.S. Bank’s customer service ranked #10.

U.S Bank was created through the acquisition of several major regional banks in the West and Midwest regions of the United States. These banks were in turn formed by earlier mergers and acquisitions, and some of the original banks were very old. The name U.S. Bank comes from the United States National Bank of Portland, a bank established back in 1891. In 1913, a federal law was enacted that prohibits the use of “United States” or “U.S.” in the name of a bank, but U.S. Bank is allowed to keep using its name since the name is older than the federal law.

U.S Bancorp operates under Charter #24, granted in 1836 during Abraham Lincoln’s administration. This is the second-oldest continuous national charter still in use in the United States.

U.S. Bank is the fifth-largest check processor in the United States. It handles 4 billion paper checks annually and the bank’s air and ground courier fleet moves an average of 15 million check per day.