So I applied for the US Bank Cash+...

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
19 posts
Jamez Tran
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Location: california

Postby Jamez Tran » Mon Mar 04, 2013 9:44 pm

Hey, do you guys know how what's the qualification criteria on the US Bank Cash+?

I went to talk to a few rep and they said you either have to have $5K monthly or $30K annually but that would equal to $60K? Idk... They also said, you need to have at least $2500 a month or 700+ credit score.


Sevenfeet
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Location: United States

Postby Sevenfeet » Mon Mar 04, 2013 10:46 pm

Jamez Tran wrote:Hey, do you guys know how what's the qualification criteria on the US Bank Cash+?

I went to talk to a few rep and they said you either have to have $5K monthly or $30K annually but that would equal to $60K? Idk... They also said, you need to have at least $2500 a month or 700+ credit score.


When I applied for it, the bank branch manager told me that a 720 FICO score was necessary (which I knew I had). I'm not sure about the other criteria
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

MemberSince99
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Location: WI

Postby MemberSince99 » Tue Mar 05, 2013 6:23 am

Just an FYI but this card is NOTHING like it was a few months ago. Hopefully you are aware that the rewards have been drastically slashed? Bill pay at 5% which was hands down the biggest draw for this card is GONE.

I honestly can't see the draw for this one unless you have a huge cell phone bill.

Sevenfeet
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Location: United States

Postby Sevenfeet » Tue Mar 05, 2013 9:10 am

Bill Pay going away pretty much sucks. But getting 5% cash back on restaurants isn't a bad consolation prize for my budget since its the next large spend for my family on the list.
Cards:

American Express Platinum (NPSL)

Penfed Platinum Reward Visa ($28K)

Chase Freedom Visa ($25K)

Fidelity American Express ($20K)

American Express Blue Cash Preferred ($20K)

Bank of America Cash Rewards MasterCard ($20K)

Citi Thank You Preferred Visa ($9.5K)

Chase Sapphire Preferred ($7.5K)

US Bank Cash + Visa Signature ($7K)

Discover IT ($4K)

ilikeme1
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Location: texas

Postby ilikeme1 » Tue Mar 05, 2013 10:54 pm

Sevenfeet wrote:Bill Pay going away pretty much sucks. But getting 5% cash back on restaurants isn't a bad consolation prize for my budget since its the next large spend for my family on the list.


I agree with that.
Wallet:
AMEX BCP: 9K (2012) (every day expenses, gas, groceries, department stores)
AMEX Zync: NPSL (2011) (large expenses)
AMEX Costco: 4k (2013) (Costco, gas, and restaurants)
Discover IT: 5K (2010)
PenFed Plat Rewards Visa: 3K (2012) (Gas, Target)
USAA Plat MC: 7K (2010) (everyday expenses, places that do not take Amex or Discover)
US Bank Cash+: 7K (2012)
Target REDCard 3k (2013)

Bksuper
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Location: California

Postby Bksuper » Wed Mar 06, 2013 4:00 pm

Electronic Stores gets you 5% cash back when you plan to make big ticket (large screen TV, new computer, tablet, etc) purchases in that category. You can choose other categories when you are not planning such a purchase, since the card is flexible, and switch back the next quarter.

Cell Phone will let you get 5% on your monthly service plan and if your internet/cable is sold by a carrier (AT&T, Verizon, etc) then you'll get 5% on that as well, esp. if you bundle.

Hotels and Restaurants can be chosen temporarily in advance of a trip without affecting rewards the rest of the time much, and changed back the next quarter, allowing you to get 5% back there.

Restaurants and book stores are lucrative categories if you don't already have a Forward. There are plenty of niche categories to choose from.

This is not now just a card for those with a large cell phone bill.
Sole Ownership Cards:
1st Financial Bank Platinum Student Visa, $500 CL, Open Since 3/2012
Citi Forward Student Visa, $6k CL, Open Since 10/2012
Costco TrueEarnings Amex, $6k CL, Backdates to 1/2012
SallieMae Rewards Barclay Mastercard, $2.5k CL, Open Since 4/2013
Jointly Owned Cards (co-owner with mom, not AU, used and paid only by me):
Chase Amazon Rewards Visa Signature, $2k CL, Open Since 8/2012
US Bank Cash+ Visa Signature, $13.5k CL, Open Since 10/2012
Authorized User (Parents Pay/Use)
Costco TrueEarnings Amex $29.4k CL, AU since 11/2012

FutureBillionaire
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Location: Down South

Postby FutureBillionaire » Wed Mar 06, 2013 6:01 pm

I agree. I'm happy to run my cell phone/internet/cable bill through this card.
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

Sevenfeet
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Location: United States

Postby Sevenfeet » Wed Mar 06, 2013 7:05 pm

Restaurants for my family are hardly a niche. I figure that we spend about $3200 on Comcast and our AT&T cell phone bill yearly. But we spend more than twice that on restaurants. So the decision is easy. Discover does restaurants too, but only for the rest of this quarter.
Cards:

American Express Platinum (NPSL)

Penfed Platinum Reward Visa ($28K)

Chase Freedom Visa ($25K)

Fidelity American Express ($20K)

American Express Blue Cash Preferred ($20K)

Bank of America Cash Rewards MasterCard ($20K)

Citi Thank You Preferred Visa ($9.5K)

Chase Sapphire Preferred ($7.5K)

US Bank Cash + Visa Signature ($7K)

Discover IT ($4K)

Bksuper
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Posts: 257
Joined: Sun Oct 14, 2012 10:22 pm
Location: California

Postby Bksuper » Wed Mar 06, 2013 7:16 pm

^ Just to clarify, I said that restaurants and book stores were lucrative categories if you didn't have a Forward. The other categories you can choose but I didn't mention by name in the post are niche for most people
Sole Ownership Cards:
1st Financial Bank Platinum Student Visa, $500 CL, Open Since 3/2012
Citi Forward Student Visa, $6k CL, Open Since 10/2012
Costco TrueEarnings Amex, $6k CL, Backdates to 1/2012
SallieMae Rewards Barclay Mastercard, $2.5k CL, Open Since 4/2013
Jointly Owned Cards (co-owner with mom, not AU, used and paid only by me):
Chase Amazon Rewards Visa Signature, $2k CL, Open Since 8/2012
US Bank Cash+ Visa Signature, $13.5k CL, Open Since 10/2012
Authorized User (Parents Pay/Use)
Costco TrueEarnings Amex $29.4k CL, AU since 11/2012



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