U.S. Bank Cash Plus Review 2026
Cash Plus is worth comparing if the rewards, welcome offer, annual fee, APR, and approval fit match how you actually spend.
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Your card estimate
Net first-year value
First year
+$500
Rewards + bonus - fee - interest drag
Ongoing year
+$300
Excludes one-time welcome offer
SwitchWize take
Cash-back optimizer
Bonus value
$200
Everyday rewards
1% cash back
Up to 5% in some categories
Annual fee
$0
APR
17.99%-28.24%
Quick summary
What this card is, in plain words
Cash Plus has no annual fee. It earns 1% cash back on everything else, and more on 6 categories (the highest is 5% cash back on chosen 5pct categories).
What to consider
- The 5% cash back rate on two categories you choose stops after the cap. Up to $2,000 in purchases per quarter.
- The 5% cash back rate on prepaid travel applies only when you book through the issuer's own portal.
Pros & cons
- No annual fee
- Sign-up bonus worth $200
No material drawbacks found in the data we track.
Derived from the current rate, fees, and terms we track for this product. Confirm the latest details on the provider’s site.
Card truth label
Terms that decide whether this card fits
Fees
What this card can cost you
- Annual fee
- $0
- Foreign transaction fee
- Not verified yet
- Balance transfer fee
- 5% of each transfer (minimum $5)
- Cash advance fee
- Not verified yet
- Late payment fee
- Not verified yet
- Authorized user fee
- Not verified yet
Earning rates
What you earn, by purchase type
Chosen 5pct categories
5% cash back
Two categories you choose
Up to $2,000 in purchases per quarter
5% cash back
Prepaid travelIssuer portal only
5% cash back
Chosen 2pct category
2% cash back
Gas stations and ev charging stations
2% cash back
Grocery stores
2% cash back
Restaurants
2% cash back
Everything else
1% cash back
Benefits and protections
Each item below was checked against the issuer's own published terms. Coverage limits and exclusions apply, so confirm them with the issuer.
Perks and credits
- 1% Cash Back on All Other Purchases
- 2% Cash Back on Everyday Category (quarterly)
- 5% Cash Back on Prepaid Travel
- 5% Cash Back on Two Categories (quarterly)
Offer history
How today's bonus compares
Current public welcome offer
$200
Observed Nov 13, 2026
12-month best
See terms
1 tracked observation
Signal
At or near tracked best
Last history update Nov 13, 2026
Terms history
Has the fee or APR changed?
No change in annual fee or APR range detected since tracking began (Jun 21, 2026). Tracked since Jun 21, 2026 across 21 tracked readings — not a signal to act by any deadline, just context on whether today's terms match what was first tracked.
Best for
- People whose spending matches the rewards structure
- Applicants who can use the welcome offer responsibly
- Cardholders who pay in full
- People comparing net first-year value
Not for
- Carrying a balance long term
- Applying only for a bonus without a payoff plan
- Spending more to earn rewards
- Anyone who cannot meet issuer approval requirements
Decision checks
Apply only if these checks pass
$0 annual fee
17.99%-28.24% variable
Spend requirement: $200 after $1,000 in eligible purchases within 90 days
U.S. Bank terms control approval, pricing, and rewards
How you earn
Caps, exclusions, merchant coding, and redemption values can change the real return. Verify issuer terms before applying.
If you carry a balance, compare payoff cost before rewards. Interest can erase rewards quickly.
The real value depends on category rules, caps, APR behavior, and whether you carry a balance.
Comparison set
Other cards to compare first
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Before you apply
Application rules and credit check
- Who can get the welcome bonus
- Not published by the issuer on its card page.
- How many cards you can open
- Not published by the issuer on its card page.
- Credit check when you apply
- Not published by the issuer on its card page.
These are the issuer’s own words. Informal rules reported by cardholders, such as "5/24", are not shown because the issuer has not published them. Checked Nov 13, 2026.
Questions
Common questions
What is the annual fee for the Cash Plus?
The Cash Plus has no annual fee, according to U.S. Bank's page checked Nov 13, 2026.
How do I earn rewards with the Cash Plus?
5% cash back on chosen 5pct categories; 5% cash back on two categories you choose; 5% cash back on prepaid travel (issuer portal only); 2% cash back on chosen 2pct category; 2% cash back on gas stations and ev charging stations.
Sources
Where these figures come from
Fees and APR, Earning rates, Benefits and protections
https://www.usbank.com/credit-cards/cash-plus-visa-signature-credit-card.html · checked Nov 13, 2026
Earning rates
https://www.usbank.com · checked Jun 21, 2026
We could not verify the foreign transaction fee, cash advance fee, late payment fee, authorized user fee for this card yet, so we do not show a figure.
Bottom line
Is Cash Plus worth it?
Cash Plus is worth comparing if the rewards, welcome offer, annual fee, APR, and approval fit match how you actually spend.
Worth it if: People whose spending matches the rewards structure
Skip it if: Carrying a balance long term