U.S. Bank Cash+ Visa Signature Credit Card Review

The Bank of America Cash+™ Visa Signature® Card isn’t the easiest credit card, but it might be worth it for the right user. The card offers 5% cash back on prepaid airfare, hotel and car rental bookings booked directly through the Rewards Travel Center, and you earn 5 per quarter on the first $2,000 of total eligible purchases in two categories of your choice % cash back, 2% cash back on daily categories such as gas stations, grocery stores or restaurants, and 1% cash back on all other eligible purchases. The card has the ability to offer solid cash back, especially when stacked with other credit cards, but it takes a bit of work to really maximize it, especially since the 5% cash back category option is unlikely to appeal to what most consumers will see big problem.

Other notable credit card benefits include an introductory 0% APR on purchases and balance transfers for 15 billing cycles, then a standard 14.24% APR – 24.24% variable APR applies. There is a 3% transfer fee (minimum $5) and funds must be transferred within 60 days of account opening. The card offers a $200 bonus bonus after spending $1,000 on eligible purchases within the first 120 days of account opening.

At first glance

No annual fee
Welcome Bonus: $200 bonus bonus after spending $1,000 on eligible purchases within the first 120 days of account opening
5% cash back on prepaid airline, hotel and car rental bookings booked directly through the Incentive Travel Center, and you earn 5% cash back on the first $2,000 of total eligible purchases in two categories of your choice each quarter Cash back, 2% cash back on one category per day, such as gas stations, grocery stores or restaurants, and 1% cash back on all other eligible purchases
0% introductory APR for balance transfers for the first 15 billing cycles.
0% introductory APR for purchases within the first 15 billing cycles.

Remuneration

Earn rewards

Bank of America Cash+™ Visa Signature® Card Earn 5% cash back on prepaid flight, hotel, and rental car reservations booked directly through the Rewards Travel Center, on your quarterly eligible purchases in two categories of your choice Get 5% cash back on the first $2,000, 2% cash back in everyday categories like gas stations, grocery stores or restaurants, and 1% cash back on all other eligible purchases.

5% of category options include:

TV, Internet and Streaming Services
fast food
cellular provider
department store
household appliances
Choose a clothing store
electronic store
sporting goods store
Cinema
Gym/Fitness Center
Furniture shop
ground transportation

This card offers a welcome bonus: $200 in bonuses after you spend $1,000 on eligible purchases within the first 120 days of account opening.

Redeem rewards

Our Cash at Bank + Cash Back can be redeemed for statement credit, rewards cards, or directly to the US. Banks with a minimum redemption of $25. Cash awards expire at the end of the calendar month, 36 months after the accounting period in which the award was earned.

Reward Potential

Exploring the Premium Potential in the U.S. To determine the Bank Cash+™ Visa Signature® Card, we had to consider the amount U.S. households are likely to spend on a credit card each year.

Analysts estimated the family had $26,410 in charges that could reasonably be charged to the credit card. Assuming annual spending of $4,284 in the 5% cash back category, cardholders will receive $214.20 in cash back per year. Assuming you spend an extra $5,687 on groceries and get 2% cash back, you’ll get an extra $113.74 in cash back. When the remaining $12,723 credit card fee is charged, you’ll get $127.23 in cash back, so that’s a total of $455.17 in cash back per year.

0% referral fee

The U.S. Bank Cash+™ Visa Signature® Card offers an introductory APR of 0% for purchases and funds transfers over 15 billing cycles, then a standard APR of 14.24% – 24.24% variable APR is applied. There is a 3% transfer fee (minimum $5) and funds must be transferred within 60 days of account opening. Balance transfers are subject to a balance transfer fee: 3% of each transfer amount or a minimum of $5, whichever is greater.

More card benefits

No Liability for Fraud: Cardholders are not responsible for unauthorized charges.
Contactless Payment: When you see the contactless icon, tap to pay.
ID Navigator Identity Theft Protection: Sign up for this free service from Norton LifeLock and get credit monitoring and support if your identity is at risk
Cardholder Reference Service: If you have any questions about your account, you can contact a Visa representative 24/7.
Lost or Stolen Card Assistance: You can report your lost or stolen card 24 hours a day, 7 days a week. If necessary, Visa will work with you and your card issuing bank to suspend your lost account, reissue a new card, and/or arrange for emergency redemption.
Visa Signature Benefits: As a Visa Signature Card, you’ll receive benefits including discounts at participating partners and special status at hotels that are part of the Visa Signature Collection.

Beautifully printed

Interest expense

Regular APR: 14.24% – 24.24% (variable)
Introductory APR: 0% introductory APR for purchases within the first 15 billing cycles.
Introductory APR for Balance Transfers: The introductory APR for balance transfers for the first 15 billing cycles is 0%.

Cost

Annual fee: $0
Transfer fee: 3% of each transfer amount or at least $5, whichever is greater.
Foreign purchase transaction fee: 2% of each foreign purchase transaction or foreign ATM prepaid USD. 3% per foreign purchase transaction or foreign currency prepaid at foreign ATMs.

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How the cards are stacked

Our Cash at Bank+™ Visa Signature® Card and Citi® Double Cash Card

If you’re looking for an easy cash-back credit card, you should check out a card like Citi Dual Cash. The card earns 2% cash back on all purchases – 1% on purchases and another 1% on redemption. Depending on the exact spending patterns, it’s possible that someone could stand out with a Cash+ card, but it’s unlikely and requires some work.

Double Cash offers an introductory APR for deposit transfers. Get 0% introductory APR on balance transfers over 18 months. After that, the standard variable APR based on credit rating is 14.24% – 24.24%. There is also an initial balance transfer fee of $5 or 3% of any transferred amount within the first 4 months of account opening, whichever is greater. After that, the fee is 5% of each transfer (minimum $5).

Our Cash at Bank+™ Visa Signature® Card with Chase Freedom Flex℠

Those looking for a card with more earning potential than a flat-rate rewards card might want to consider the Chase Freedom Flex Card. Freedom Flex offers 5% cash back, categories up to $1,500 rotate quarterly after you sign up, 5% cash back on travel purchased through Chase Ultimate Rewards, 3% cash back at restaurants and pharmacies, and all other purchases 1% cash back.

You also get an introductory APR of 0% on purchases and fund transfers for 15 months after account opening, after which a variable APR of 14.99 – 23.74% applies. The introductory balance transfer fee is $5 or 3% of each transfer amount, whichever is greater within the previous 60 days, then $5 or 5% of each transfer amount, whichever is greater. It also comes with a welcome offer: a $200 bonus after spending $500 within the first 3 months of account opening.

Our Bank Cash+™ Visa Signature® Card vs. Our Bank Visa® Platinum Card

Those looking to maximize the 0% APR balance transfer offer should consider the US. Consider using a bank Visa Platinum card. It offers no incentives, but offers an industry-leading introductory APR: 0% introductory APR for purchases and balance transfers for 20 billing cycles, followed by a variable APR of 14.74% – 24.74%. There is a transfer fee of 3% or $5, whichever is higher.

Is this card right for you?

The Bank of America Cash+™ Visa Signature® Card may not be the best major or only card in someone’s wallet. While it can be a great add-on card, maximizing rewards isn’t easy and requires choosing the appropriate category and monitoring spend. Most people will find the other card easier to maximize.