Reply
Contributor
slippy84
Posts: 83
Registered: ‎12-24-2012

Re: US Bank Cash+

Well at this point it is still just as good as the other rotating cash back cards IMO, with the added flexibility of picking categories yourself. The part that remains to be seen is how they'll change it in the future, with the rapid pace of changes they've been going through

US Bank Cash+ -- Chase Freedom -- Citi Dividend Platinum Select (in 45-day wait period for Dividend Mastercard World Elite:smileyhappy:) -- AMEX BCE
New Contributor
b1gr3dmachin3
Posts: 184
Registered: ‎07-08-2013

Re: US Bank Cash+


slippy84 wrote:

Well at this point it is still just as good as the other rotating cash back cards IMO, with the added flexibility of picking categories yourself. The part that remains to be seen is how they'll change it in the future, with the rapid pace of changes they've been going through


Well hopefully that's all the negative changes they make lol cuz I'm thinking I might add this card to compliment my It and Freedom

BoA 123 $2.5k (11/12) // Discover It $2.5k (7/13) // Citi Forward Student $2.5k (7/13) // Chase Freedom 2.5k (12/13) // Amex PRG NPSL (12/13)

Starting Score: No Credit History (11/12)
Current Score: Discover Fico 768 (7/13) Discover Fico 701(11/13) Chase Fico 737 (12/13)
Goal Score: 750+


Take the myFICO Fitness Challenge
Valued Contributor
FinStar
Posts: 5,156
Registered: ‎10-21-2012

Re: US Bank Cash+


b1gr3dmachin3 wrote:

slippy84 wrote:

Well at this point it is still just as good as the other rotating cash back cards IMO, with the added flexibility of picking categories yourself. The part that remains to be seen is how they'll change it in the future, with the rapid pace of changes they've been going through


Well hopefully that's all the negative changes they make lol cuz I'm thinking I might add this card to compliment my It and Freedom


IMO, if it serves a fit with any reward gaps by all means consider it - it's not a bad card.  I have it and it serves its purpose despite some nerfing and caps.

New Contributor
b1gr3dmachin3
Posts: 184
Registered: ‎07-08-2013

Re: US Bank Cash+


FinStar wrote:

b1gr3dmachin3 wrote:

slippy84 wrote:

Well at this point it is still just as good as the other rotating cash back cards IMO, with the added flexibility of picking categories yourself. The part that remains to be seen is how they'll change it in the future, with the rapid pace of changes they've been going through


Well hopefully that's all the negative changes they make lol cuz I'm thinking I might add this card to compliment my It and Freedom


IMO, if it serves a fit with any reward gaps by all means consider it - it's not a bad card.  I have it and it serves its purpose despite some nerfing and caps.


Ya, I was looking at their options and I think it could compliment by freedom and it card nicely especially since I could choose whichever two I want each quarter. Seems like a pretty good card to me, even after the nerfing.

BoA 123 $2.5k (11/12) // Discover It $2.5k (7/13) // Citi Forward Student $2.5k (7/13) // Chase Freedom 2.5k (12/13) // Amex PRG NPSL (12/13)

Starting Score: No Credit History (11/12)
Current Score: Discover Fico 768 (7/13) Discover Fico 701(11/13) Chase Fico 737 (12/13)
Goal Score: 750+


Take the myFICO Fitness Challenge
New Contributor
Omri
Posts: 86
Registered: ‎10-29-2012

Re: US Bank Cash+


b1gr3dmachin3 wrote:

Wow they really downgraded it, would it still be worth to get this card?


It really depends, but I lean towards yes. Do you think you will be using the 5% categories? 5% year round on restaurants can be good for some (though I don't spend much at restaurants). If you get 5% on department stores, you can buy gas gift cards at some department stores to get 5% back on gas year round (in exchange for some hassle). Personally, I love the card - I just bought some furniture for a new house and was able to get 5% back on that, and my church allows automatic donation via credit card and is coded as a charity, so I get 5% back with that as well.

 

However, if you look at the 5% categories and see nothing you'll conceivably use, then no, it's probably not worth it (although for no annual fee, I say why not?)

Recent FICO scores: TU - 755 (mortgage lender pull)
Senior Contributor
longtimelurker
Posts: 4,170
Registered: ‎04-22-2013

Re: US Bank Cash+

Once a card has been nerfed, those that had it pre-nerf understandably tend to be somewhat negative.   So I feel this way with the BCP, Cash Plus, and Citi Premier.  The first two went from potentially unlimited cash back to $360 (with $75 AF) and $400 a year in their highest categories, so a real loss.

 

But history really shouldn't matter to new applicants except perhaps as a prediction for more nerfing, and that is hard  (Is a heavily nerfed card like Cash Plus now more or less likely to be nerfed).   So, as above, look at the features and see if a) they fit your needs, and b) it is among the best that you can reasonably expect to be approved for including things like sign-up bonus (Cash Plus falls down here).

 

(But sometimes nerfing REALLY makes a card practically valueless.  No way is the Premier now worth $125 a year!)


From highest to lowest: Amex BC (42K), Cap One , CSP, Fidelity Amex, Cap One, Penfed Plat Rewards x2, , Citi TY Pref, Citi TY Premier, Citi Plat Select AA, US Bank Cash Plus, Chase Amazon, Chase Freedom, Amalgamated Bank MC, Citi Forward, BCE, Sallie Mae (5K)

Senior Contributor
Open123
Posts: 3,849
Registered: ‎02-23-2011

Re: US Bank Cash+

While I can empathize with the disappoint of those with this card pre-nerf (who came up with this term?  LOL), in all fairness, 5% cashback in dining/electronics store for the first $10K in a year isn't too shabby.

 

 

Senior Contributor
longtimelurker
Posts: 4,170
Registered: ‎04-22-2013

Re: US Bank Cash+


Open123 wrote:

While I can empathize with the disappoint of those with this card pre-nerf (who came up with this term?  LOL), in all fairness, 5% cashback in dining/electronics store for the first $10K in a year isn't too shabby.

 

 


First 8K, but true anyway!  "Pre-nerf" is registered intellectual property of LongTimeLurker Inc.


From highest to lowest: Amex BC (42K), Cap One , CSP, Fidelity Amex, Cap One, Penfed Plat Rewards x2, , Citi TY Pref, Citi TY Premier, Citi Plat Select AA, US Bank Cash Plus, Chase Amazon, Chase Freedom, Amalgamated Bank MC, Citi Forward, BCE, Sallie Mae (5K)

Senior Contributor
Open123
Posts: 3,849
Registered: ‎02-23-2011

Re: US Bank Cash+


longtimelurker wrote:

Open123 wrote:

While I can empathize with the disappoint of those with this card pre-nerf (who came up with this term?  LOL), in all fairness, 5% cashback in dining/electronics store for the first $10K in a year isn't too shabby.

 

 


First 8K, but true anyway!  "Pre-nerf" is registered intellectual property of LongTimeLurker Inc.


LOL...what a term!  Right, $8k!  For some reasons, I always think in $10K increments.

Valued Contributor
Swapmeet
Posts: 1,267
Registered: ‎11-10-2012

Re: US Bank Cash+

I wanted th cash + well before I had the credit file that would get me one. I watched it get nerfed right before my very eyes, and when the smoke cleared, I still wanted it--though maybe not as bad. So I put it on the back burner for a while. But now it has found its way back to the top of my priority list. So next month at this time, I think that I will accept this pre qualified offer for it. I am getting ready for an app spree in early Feb., but my pre-qualified offer for this card is up on Jan 9th.

My Wallet: WalMart: ||10k|| USAA Platinum MC: ||13k|| Amex Delta Gold: ||2k||; BCE: ||9k|| Chase Freedom Siggy: ||10k||
Discover it: ||6.5k|| SG Visa: ||7k|| USAA World MC: ||13k|| US Bank Cash+ Siggy: ||5k|| Citi TYP World MC: ||10.5k||
Barlays Arrival World MC: ||10k||
Fico Scores: EQ 700 (SW),TU 745 (Walmart), EX 738 (myfico) Last app: Arrival World MC 2-1-14

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+