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US Bank Cash+ for Costco?

nima85
New Contributor

US Bank Cash+ for Costco?

Has anyone tried using this card for 5% cashback at Costco? 

 

Do I have a decent shot at approval with FICO in 720s but thin credit (almost one year), 7 new accounts in the last year, around 10 HPs, Utilization 5-10%?

 

 

AMEX Gold: NPSL | TD Cash: 10K | RBC Rewards: 25K | Citi Premier: 9.3K | Discover It: 3.4K | BCE: 0.5K | BHG World MC: 11K
Amazon Prime: 1.8K | Google: 1.5K
EX: 730 | EQ: 738 | TU: 741

20 REPLIES 20
FinStar
Moderator

Re: US Bank Cash+ for Costco?

7 new accounts within the past 12 months and short AAoA may prove a bit trivial for the Cash+.

While the FICO score may be within a good range, it's the other factors that may prove a bit challenging for getting the card.

Do you already have an existing USB relationship?
Message 2 of 21
nima85
New Contributor

Re: US Bank Cash+ for Costco?

No, they have no presence in MA.

AMEX Gold: NPSL | TD Cash: 10K | RBC Rewards: 25K | Citi Premier: 9.3K | Discover It: 3.4K | BCE: 0.5K | BHG World MC: 11K
Amazon Prime: 1.8K | Google: 1.5K
EX: 730 | EQ: 738 | TU: 741

Message 3 of 21
avogadro12
Frequent Contributor

Re: US Bank Cash+ for Costco?


@nima85 wrote:

No, they have no presence in MA.


I remember when you had to apply for this card in branch. I don't think the cash+ has a category for wholesale clubs. Correct me if I am wrong. The best USBank card would be paying with Altitude Reserve via mobile wallet.

Message 4 of 21
f4phantom2500
Established Contributor

Re: US Bank Cash+ for Costco?

@avogadro12 actually that was a misconception that the cash+ was only available in branch. I live in Texas and I also have no branch anywhere near me, but in 2014 I was able to easily open the cash+ over the phone - this wasn't talked about much if at all online, it only said not available to app online and I think mostly it's just people didn't try to app over the phone and assumed you had to do it in branch.

I don't recall wholesale clubs having been a category or not for this card, but currently it's not.

Currently category options for 5% are: home utilities, ground transportation, select clothing stores, cell phone providers, electronic stores, car rentals, gym/fitness centers, fast food, sporting goods stores, dept stores, furniture stores, and movie theaters. And remember you get to pick 2 categories every quarter.
Chase UR: Amex MR:Citi TY:
Cash back:Travel:
Debit: + DCU savings acct for 5.12% APY for $1k
Message 5 of 21
wasCB14
Super Contributor

Re: US Bank Cash+ for Costco?

I'm surprised they've still been able to offer 3x/4.5% (towards travel) on Altitude Reserve mobile wallet purchases. That seems to be the current winner for Costco (3 cpp for a UR is doable but I can't hit it as a long-term average).

 

I've considered AR...but I'm not a US Bank deposit customer. I get a nagging feeling they'd nerf it as soon as I moved over!

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 6 of 21
PlasticDad
Frequent Contributor

Re: US Bank Cash+ for Costco?

I don't believe this 5% would qualify as most CC's disclaimer would cat this under warehouse club and not retail store. Most of these deep pocketed CD's and rewards have an exclusive relationship with a partnering card vendor for clubs ie. Costco/Sam's.








"Give me liberty, or give me credit!" -PlasticDad


Message 7 of 21
NRB525
Super Contributor

Re: US Bank Cash+ for Costco?


@nima85 wrote:

Has anyone tried using this card for 5% cashback at Costco? 

 

Do I have a decent shot at approval with FICO in 720s but thin credit (almost one year), 7 new accounts in the last year, around 10 HPs, Utilization 5-10%?

 

 


I just used a Chase Freedom card for the explicit 5 % ( 5 UR points ) back at Costco, for this quarter.

 

Cash+ will not get 5% back at Costco. Ever.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
Message 8 of 21
f4phantom2500
Established Contributor

Re: US Bank Cash+ for Costco?

Actually US Bank changes some of their 5% category options periodically, so it's very possible for wholesale to be up there at some point.
Chase UR: Amex MR:Citi TY:
Cash back:Travel:
Debit: + DCU savings acct for 5.12% APY for $1k
Message 9 of 21
wasCB14
Super Contributor

Re: US Bank Cash+ for Costco?


@f4phantom2500 wrote:
Actually US Bank changes some of their 5% category options periodically, so it's very possible for wholesale to be up there at some point.

True, but many would argue not for the better.

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 10 of 21
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