US Bank Cash Plus Visa Signature?

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Karl Malone
 
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Location: United States

US Bank Cash Plus Visa Signature?

Postby Karl Malone » Tue Jun 26, 2012 12:52 pm

I was just at my local branch and saw they were advertising a new Visa Signature rewards card. I currently have Chase Freedom, AmEx Blue Cash Everyday, and a Discover Card but I am very intrigued by this new offering. I don't know of another cash back card that lets you choose your rewards categories, but they go as follows:

  • 1% Base Rewards
  • 2% On one of your choice of Gas Stations, Grocery Stores, or Drug Stores
  • 5% On two of your choice of Department Stores, Electronic Stores, Furniture Stores, Home Improvement Stores, Restaurants, Airlines, Hotels, Bill Payment, Fast Food, Car Rental, Charity, or Movie Theaters
  • Plus, you get a $25 cash bonus for redeeming at least $100 at a time (effectively turning it into 1.25%, 2.50%, 6.25%)
  • No Annual Fee
I've always thought US Bank's credit card strategy was to offer okay rewards that were nothing special but I think I may be applying for this rather soon. Does anyone have or know any dirty secret I'm missing out on here?

***Also, you need to enroll in your 2% & 5% categories every quarter but I would imagine they remind you to the point of annoyance much like Chase does.

Rewards Listed Here: https://cashplus.usbank.com/index.cfm/main/categories/demo/true


Ratfacedudeguy
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Too good to be true?

Postby Ratfacedudeguy » Fri Jun 29, 2012 11:29 am

So I just found this while browsing Plastic IQ, and I've gotta say it almost sounds too good to be true, especially with the $0 annual fee. Evidently every quarter you choose one category that you'll receive 2% cash back on and two categories that you'll receive 5% cash back on! Plus you get a $25 bonus when you redeem in increments of $100 or more. This sort of flexibility just seems like a godsend, but I don't see any information on there about quarterly earnings caps. Does anyone know more about this card that they can shed some light on? Or is this really just an all around powerhouse card that everyone should strive to have?
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13

jeffysdad
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Postby jeffysdad » Fri Jun 29, 2012 12:38 pm

Looks legit and very interesting. I didn't notice anything about caps, though, as Ratface mentioned. If I had this card I would use it for the 5% and 2% categories and my Fidelity Amex for everything else (2%).

I've never had a US Bank account. How is there customer service and website performance/functionality?
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.


FutureBillionaire
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Postby FutureBillionaire » Fri Jun 29, 2012 2:06 pm

I've had US bank and they were ok. I closed my account because they ticked me off when some money was taken from account and they took forever to return it. Their atm was robbed and my checking account was cleared out. It took them forever to give me a credit and/or return my money. They didn't offer me anything good to stay with their bank either.

I will say that I am willing to forgive all if this credit card offer is true.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

jeffysdad
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Location: Texas

Postby jeffysdad » Fri Jun 29, 2012 2:41 pm

Just applied over the phone with a native English speaker who sounded like she was in the Midwest. Quick application, approved for $15k pending review (I had my credit report locked down at one time for security and suspect this is why). As long as it's not a hassle to deal with them, this will be well worth it. I'll make at least $90 more in cashback per year just from using this card to pay my electric phone/internet bills instead of Fidelity Amex.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

FutureBillionaire
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Postby FutureBillionaire » Fri Jun 29, 2012 4:07 pm

I applied for a rate increase and they declined me a few months ago. I'm going to wait until September when my report looks a tad bit better. I"m at a 753 or so in all bureaus, but they wanted me to look better in a couple of areas.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

American
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Postby American » Fri Jun 29, 2012 5:13 pm

What Bureau are they pulling? Please don't be Equifax! Every bank has been pulling that, so my inquiries are insanely high on Equifax.
American Express '02: Platinum, Blue Cash Preferred 6k, SPG 2k, Delta Gold 1k
Barclaycard '11: Apple Financing Card 2.5k
Citi: Diamond Rewards 1.5k
Chase: Freedom 500
Discover '12: Discover IT 1.5k


FutureBillionaire
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Location: Down South

Postby FutureBillionaire » Fri Jun 29, 2012 5:25 pm

I think it was Experian. I will double check. They were pretty stingy with me.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

MemberSince99
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Location: WI

Postby MemberSince99 » Fri Jun 29, 2012 6:08 pm

FutureBillionaire wrote:I think it was Experian. I will double check. They were pretty stingy with me.


The more I read about credit card companies, the more I wish I had simply kept on using my debit card. After reading this, I lost interest in this card. And I'm starting to lose interest in all of them. Really when it comes right down to it, they aren't worth the hassle.

Ratfacedudeguy
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Postby Ratfacedudeguy » Fri Jun 29, 2012 6:39 pm

How so? The Experian part or the stingy part?
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13



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