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US Bank Cash+

Valued Contributor

US Bank Cash+

I am seriously considering apping for this card, but would like to know more about it from people who have it.

Are the categories fairly consistant?

Are you happy with it?

 

I am assuming that I would qualify based on what I see, but is it really hard to get?

 

I remember a bit about then taking away bill payment, but it seems they brought back cell phone. 

 

Last CC app was 6/2012.  Mortgage app in 11/2012. Nothing in last 6 months. only inqs less than a year are those. 


Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)
Message 1 of 23
22 REPLIES
Super Contributor

Re: US Bank Cash+

There has only been that one (big!) change in categories.  They reserve the right to change them, but they don't intend to be a rotator like Discover IT or Freedom

 

The changes replaced those categories most prone to "abuse", bill pay, flights, and home improvement (lots of gift cards available at some home improvement stores), and replaced it with cell phones, bookstores and another one.  Bookstores covers amazon so that is pretty useful.

 

Two more negative changes have been confirmed: July the $25 bonus goes to once per cal year (currently every time you redeem $100), and in Sep/Oct, the bonus for having a bank account goes away.   There are also rumors that the 5% categories will get capped, but not confirmed yet.

 

Edit: You ask, are you happy?  There are sort of two different answers here.  The card before was a potential goldmine to some, and the changes stop this.  So those people are not happy.  Then you can look at its current state and forget the history.  Is this a good card?  Yes, providing the categories are where you spend.  The idea of choose your own, non-rotating categories, is still a very nice feature.

Message 2 of 23
Contributor

Re: US Bank Cash+

I was planning on apping for this card in a few months, but they have done away with the online apps.

 

So if you are apping via phone, please update the rest of us if you are successful, since I don't happen to have a branch within 1,000 miles of me. Smiley Happy



Amex BCE: $16.5k, Discover It: $5k, Chase Freedom Visa: $10k, Fidelity Amex: $7.5k, PenFed Cash Rewards Visa: $3.5k, CapOne Union Plus MC: $4.5k, Barclays Upromise MC: $5k, BoA Cash Rewards 123 MC: $1.5k
Message 3 of 23
Valued Contributor

Re: US Bank Cash+

The online explaination of the card looked like the categories were capped. At $2000 per quarter for 5% catagories. Still listed the $25 though. Even with that, as a card for restaurants on the quarters that Freedom and Discover do not have that category, this would be nice. Being a no AF card, it is not bad, even considering the changes you mention. I just might do this. 


Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)
Message 4 of 23
Valued Contributor

Re: US Bank Cash+

Are you in a state which has US Bank? I heard that they don't offer cash+ online/on phone

Citi Hilton Reserve 22.3K | Citi Thank You 8.2K | CSP 15.5K | Chase Freedom 10K | Chase BA 15K | Chase United 8.5K | Chase Marriott 5K | Discover IT 9K | Club Carlson 13K | Amex SPG 20K | BofA Cash Rewards 11K | BofA Cash Rewards 50K
Message 5 of 23
Super Contributor

Re: US Bank Cash+


crunching_numbers wrote:

The online explaination of the card looked like the categories were capped. At $2000 per quarter for 5% catagories. Still listed the $25 though. Even with that, as a card for restaurants on the quarters that Freedom and Discover do not have that category, this would be nice. Being a no AF card, it is not bad, even considering the changes you mention. I just might do this. 


Where is that online explanation?  Just want to see!

Message 6 of 23
Established Contributor

Re: US Bank Cash+

I'm bummed that Bill pay was taken away because it easily put me over $100 in rewards every month and I would redeem them along with my $25 gift card. It is still however a great card with no annual fee. And yes you must apply for this card in a branch unless you are upgrading from a different US Bank tradeline...

Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
Message 7 of 23
Valued Contributor

Re: US Bank Cash+

It is on the website for us bank. Www.usbank.com/credit-cards/cash-plus-signature.html

Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)
Message 8 of 23
Valued Contributor

Re: US Bank Cash+

Also, I live near a branch, so I will apply in the branch. Will I need to open an account?

Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)
Message 9 of 23
Super Contributor

Re: US Bank Cash+


crunching_numbers wrote:
It is on the website for us bank. Www.usbank.com/credit-cards/cash-plus-signature.html

Thanks, I hadn't seen that before, wonder if it is new.  So capped at $100 per quarter on all 5% spending.  That is a huge downgrade

Message 10 of 23