For the most part, I have been very happy with US Bank, and have found the Cash+ IME to be a breakthrough product, since with the 5% cashback categories of utilities, cable TV, cell phones, and fast food (I have 2 Cash+ cards), these days I am able to typically get anywhere from $30 - $40 a month in free cashback, and I PIF monthly on both cards. Like other posters had mentioned they tend to be very conservative -- on my first Cash+ card, I received a SL of $500, which I was later eventually able to get a CLI on to $4k, and then with my second Cash+ card, I was pleasantly surprised to receive a SL of $24k. If you PIF and can make viable use of the utilities and cable TV 5% categories in particular, I would say that it is a must-have product, again just mho and personal $0.02...
Question @galahad15 did you get 5% on your $0.02?😄
I agree with the other posters. They tend to be conservative, but I bank with them so maybe that helps. I have two Cash+ cards with them and with the 5% categories (cell, cable, utilities), to me its a slam dunk! Good luck!
My DW applied for the Cash+ card this past March and was approved with a SL of $7500. No previous business with USB, a FICO 8 of around 700 (I think) with a medical collection. Perhaps the biggest reason for her being accepted with a rather large SL compared to the norm was that she had 0 INQ for the past 24+ months. USB appears to be conservative, so I think the INQ on your reports play a big role.
The choice of categories are a huge plus, as long as they keep Utilities on the list.
I don't like how they break down the rewards in the history view, however. They show the reward category eligible transactions with a 1% "standard" reward, but then show the extra % separately on different lines. So a 5% reward category will be shown as a line with 1% and as a 4%. It makes it hard to figure out if you are being rewarded correctly or not.
Otherwise, very happy with them.