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- US Bank released a sneak peak at the new U.S. Bank Shopper cash rewards.
- Cardholders can earn as much as 6% cashback on purchases at top retail brands like Amazon, Walmart and Chewy up to quarterly limits.
- You will also receive 3% cash back in an everyday topic, 5.5% back for travel booked through US Bank Reward Center and 1.5% back for everything else.
- Check out Insider’s guide on the best rewards credit card options.
US Bank announced plans to launch a brand new branch. Cash-back credit cardIt has the potential to give cardholders hundreds of dollars in cash back each year. While we don’t know much about the card’s details but high earning rates at popular retailers (such as AmazonThese companies include Target, Lowe’s, Disney and Lowe’s.
The U.S. Bank Shopper Cash Rewards™ Visa Signature® Card isn’t currently accepting applications, But you can still sign up for the waitlist.
Here are our current findings.
Insider’s Featured Credit Cards with Cash Back
Buy unlimited items and receive unlimited 2% cash back
$200 cash reward bonus for spending $1,000 within the first 3 months after account opening
You can earn 2% on all purchases. Unlimited 1% cashback when you buy and an additional 1% when you pay.
$200 Cash Back after you spend $1,500 in the first six months of your account opening
You will receive 5% cash back for any combination of purchases within the bonus categories that exceed $1,500 each quarter you activate. 5% cash back on travel purchased through Chase Ultimate Rewards®. Shop at pharmacies, eat out at restaurants and get 3% cash back. Unlimited 1% cash back for all other purchases
After spending $500 in purchases within the first three months of account opening, you get $200
This article is about the benefits and perks that each card comes with. The cards are not worth the expense if you have to pay late or interest. You should pay your entire credit card balance each month. Make timely payments and only pay what you can afford.
Earn US Bank Shopper Visa Signature Card Cash Rewards Visa
The U.S. Bank Shopper Cash Rewards™ Visa Signature® Card earns bonus cash back at popular retailers. You will need to choose the two retailers that you want to earn the most cashback (6%) based upon where you shop the most and another “everyday (3%) category that you can change every quarter.
Be aware that not all bonus spending categories are free to spend.
Here’s what you’ll earn with the U.S. Bank Shopper Cash Rewards™ Visa Signature® Card:
- Two eligible retailers will give you 6% back, up $1,500 for combined purchases in each quarter (then 1.5%).
- 5.5% off your prepaid car HotelReservations made through the US Bank Rewards Center
- 3% back in the most popular category of your choosing (wholesale club, etc. Stations for EV and gas charging– or bills and home utilities) up to $1,500 per quarter (then 1.5% back).
- All eligible purchases qualify for 1.5% cashback
Cardholders have the ability to modify their spending categories every quarter, so don’t be afraid to change your shopping preferences.
Possible breakdown
A $1,500 quarterly cap equals approximately $375 per month. Many people spend that much every month in shops like Amazon and Walmart, so it is easy to maximize rewards.
Earn 6% at 2 eligible retailers each quarter, up to $1500 combined purchase. You can earn up $90 in bonus cash each quarter and up $360 per annum.
Similar results can be achieved with the 3% Back Everyday category (up to $1500 per quarter). You will earn $45 in bonus cash each quarter and $180 per annum.
That means you can earn up to $540 in bonus cash back each year — plus whatever you earn on prepaid US Bank Rewards Center travel bookings (5.5%) and on all other purchases (1.5%).
We don’t know much about the new US Bank Card
The U.S. Bank Shopper Cash Rewards™ Visa Signature® Card WebsiteAlthough the card is expected to be released soon, there is no official release date. It is not yet known if the card will have an annual fee or how large the welcome bonus offer will be. Forum members such as myFICO RedditThere are speculations that the card might charge an annual fee due to its high earning rate, but there hasn’t been any official information.
The card will be the most attractive as a Card with no annual-fees. However, a moderate annual cost of $95 per annum could prove to be worth it depending on your spending habits as well as other factors, such as the welcome bonus or additional benefits.
In any case, the U.S. Bank Shopper Cash Rewards™ Visa Signature® Card will be a strong alternative to other cash-back cards, particularly the Amazon Prime Rewards Visa Signature Card
Amazon Prime Members get 5% off U.S. Bank Cash+® Visa Signature® Card(5% off two eligible categories, up to spending limit)
It could also be extremely competitive with the Blue Cash Preferred® Card from American ExpressEarn 6% back on your first $6,000 in U.S. supermarket purchases each year, then 1% back, 6% back for select U.S. streaming service, 3% back at U.S. stations and transit and 1% on all other eligible purchases. Cash back is earned via Rewards Dollars.
