Is anyone using US Bank cash+ Cards

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charged
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Is anyone using US Bank cash+ Cards

Postby charged » Sun Aug 28, 2016 11:02 pm

I might apply for one, but I actually couldn't find their current schedule of categories. I go to fast food restaurants and regular restaurants enough where if this card is offering 5% categories in those areas that would be a compelling offer from them to apply. Is anyone familiar with their schedule, and does it change to less appealing categories?


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CarefulBuilder14
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Re: Is anyone using US Bank cash+ Cards

Postby CarefulBuilder14 » Sun Aug 28, 2016 11:24 pm

charged wrote:I might apply for one, but I actually couldn't find their current schedule of categories. I go to fast food restaurants and regular restaurants enough where if this card is offering 5% categories in those areas that would be a compelling offer from them to apply. Is anyone familiar with their schedule, and does it change to less appealing categories?

You pick the categories (two 5%, one 2%), and can change your mind each quarter.

Only fast food is a 5% category. Restaurants are a 2% category.

Restaurants were once a 5% category, so it was (but is no longer) a comprehensive 5% dining card for customers who picked those categories. I'm not sure how recent the $2k quarterly spend cap is.
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charged
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Re: Is anyone using US Bank cash+ Cards

Postby charged » Sun Aug 28, 2016 11:28 pm

CarefulBuilder14 wrote:
charged wrote:I might apply for one, but I actually couldn't find their current schedule of categories. I go to fast food restaurants and regular restaurants enough where if this card is offering 5% categories in those areas that would be a compelling offer from them to apply. Is anyone familiar with their schedule, and does it change to less appealing categories?

You pick the categories (two 5%, one 2%), and can change your mind each quarter.

Only fast food is a 5% category. Restaurants are a 2% category.

Restaurants were once a 5% category, so it was (but is no longer) a comprehensive 5% dining card for customers who picked those categories. I'm not sure how recent the $2k quarterly spend cap is.


Oh that's too bad. It would have been a great deal if I could get both restaurants and fast food for 5%, but with no sign up bonus it might not be worth it if they want to get greedy and only give 2% now.

takeshi
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Re: Is anyone using US Bank cash+ Cards

Postby takeshi » Mon Aug 29, 2016 1:50 pm

Restaurants dropped out of the 5% categories a long time ago.

charged wrote:I might apply for one, but I actually couldn't find their current schedule of categories

https://cashplus.usbank.com/merchants/i ... w_it_works

kdm31091
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Re: Is anyone using US Bank cash+ Cards

Postby kdm31091 » Tue Aug 30, 2016 7:59 am

Yeah, it's fast food only for 5% now. Restaurants are 2% which is not exciting.

In general I find most of the categories are things I don't/wouldn't use very often. It's nice to get 5% on say, furniture stores, but the purchase just doesn't come up very often. I have the Cash+ and it's basically sockdrawered. It's a personal thing but I also don't care for the redemption. It's nice they have no minimum, but you cannot request a check or direct deposit. Statement credit or Visa gift card only. If you have a US Bank checking you can deposit your reward, but other banks you're SOL. Most people don't mind but I just like more options.

charged
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Re: Is anyone using US Bank cash+ Cards

Postby charged » Tue Aug 30, 2016 9:24 pm

kdm31091 wrote:Yeah, it's fast food only for 5% now. Restaurants are 2% which is not exciting.

In general I find most of the categories are things I don't/wouldn't use very often. It's nice to get 5% on say, furniture stores, but the purchase just doesn't come up very often. I have the Cash+ and it's basically sockdrawered. It's a personal thing but I also don't care for the redemption. It's nice they have no minimum, but you cannot request a check or direct deposit. Statement credit or Visa gift card only. If you have a US Bank checking you can deposit your reward, but other banks you're SOL. Most people don't mind but I just like more options.


I was going to say it might still be worth it to have the card as a secondary so that for the one time I do have to go to the furniture store (uncommon purchase but expensive) I get the 5% since they let you change the category regularly anyway. But then I read they have a minimum redemption rate. Yeah I'll wait a while before getting it if I do at all.

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CarefulBuilder14
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Re: Is anyone using US Bank cash+ Cards

Postby CarefulBuilder14 » Tue Aug 30, 2016 10:16 pm

charged wrote:
kdm31091 wrote:Yeah, it's fast food only for 5% now. Restaurants are 2% which is not exciting.

In general I find most of the categories are things I don't/wouldn't use very often. It's nice to get 5% on say, furniture stores, but the purchase just doesn't come up very often. I have the Cash+ and it's basically sockdrawered. It's a personal thing but I also don't care for the redemption. It's nice they have no minimum, but you cannot request a check or direct deposit. Statement credit or Visa gift card only. If you have a US Bank checking you can deposit your reward, but other banks you're SOL. Most people don't mind but I just like more options.


I was going to say it might still be worth it to have the card as a secondary so that for the one time I do have to go to the furniture store (uncommon purchase but expensive) I get the 5% since they let you change the category regularly anyway. But then I read they have a minimum redemption rate. Yeah I'll wait a while before getting it if I do at all.

It's a $20 minimum redemption, with $5 increments above that. That means spending $400 at 5% to hit $20.

One perspective is that the card is not worth the hassle of dealing with a minimum redemption requirement.

Another perspective (mine) is that if it will take a long time to earn a measly $20, then the card wouldn't be worth it, even without a minimum redemption requirement.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

kdm31091
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Re: Is anyone using US Bank cash+ Cards

Postby kdm31091 » Wed Aug 31, 2016 7:18 am

CarefulBuilder14 wrote:
charged wrote:
kdm31091 wrote:Yeah, it's fast food only for 5% now. Restaurants are 2% which is not exciting.

In general I find most of the categories are things I don't/wouldn't use very often. It's nice to get 5% on say, furniture stores, but the purchase just doesn't come up very often. I have the Cash+ and it's basically sockdrawered. It's a personal thing but I also don't care for the redemption. It's nice they have no minimum, but you cannot request a check or direct deposit. Statement credit or Visa gift card only. If you have a US Bank checking you can deposit your reward, but other banks you're SOL. Most people don't mind but I just like more options.


I was going to say it might still be worth it to have the card as a secondary so that for the one time I do have to go to the furniture store (uncommon purchase but expensive) I get the 5% since they let you change the category regularly anyway. But then I read they have a minimum redemption rate. Yeah I'll wait a while before getting it if I do at all.

It's a $20 minimum redemption, with $5 increments above that. That means spending $400 at 5% to hit $20.

One perspective is that the card is not worth the hassle of dealing with a minimum redemption requirement.

Another perspective (mine) is that if it will take a long time to earn a measly $20, then the card wouldn't be worth it, even without a minimum redemption requirement.


I'd have to agree. If you will struggle to even get $20 the card is definitely not worth the hard pull and AAOA ding.



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