US Bank Cash Plus Credit Card Review (2026.5 Update: $250 Offer)

physixfan 2026-05-03 2026-05-03

[2026.5 Update] The new offer is $250.

[2024.8 Update] The new offer is $250.[2024.8 Update2] The $250 offer is expired.Currently there’s only a $200 offer.

[2022.2 Update] There’s a new benefit: earn 5% cashback on prepaid air, hotel and car reservations booked directly in the US Bank Rewards Travel Center.This is in addition to the 5% categories every quarter. HT: DoC.

Application Link

Benefits

$250 offer: earn $250 cash back after spending $1,000 within the first 90 days.
This is the best ever offer on this card.
Earn 5% cash back on first $2,000 combined purchases each quarter on two categories you choose, 2% cash back on your choice of one everyday category, 1% cash back on all other purchases.The categories are:
[New] Earn 5% cashback on prepaid air, hotel and car reservations booked directly in the US Bank Rewards Travel Center.This is in addition to the 5% categories every quarter.
No annual fee.

Disadvantages

Only first $2,000 purchases per quarter on bonus categories can earn 5% cash back, after that you can only earn 1% cash back.
[New] Starting from 2021.2.19, cash rewards will expire at the end of the calendar month 36 months after the billing cycle in which they were earned.Automatic monthly cash rewards redemption feature is discontinued.
The minimum redemption amount is $25 (If you use the real time rewards feature to redeem then the minimum amount is $10).
Note that you need to activate the 5% category every quarter (unlike BoA Cash Rewards which you still earn 3% for the previously chosen category if you forget to choose categories later on).
Its 5% category is not as useful as those of the Chase Freedom Credit Card or Discover it Credit Card which sometimes have Restaurants, Grocery, Online Shopping, etc.as their 5% bonus category.
It has foreign transaction fee, so it's not a good choice outside the US.

Recommended Application Time

We recommend you apply for this card after you have a credit history of at least two years and you are very comfortable with the credit card game.

Summary

The 5% cash back seems to be good, but its categories are not as useful as the categories of Chase Freedom or Discover it.It’s better to calculate how much you can earn from this card before you decide to apply.After the change in 2021.2, cash rewards will expire after 36 months, therefore you have to pay attention to this card sometime to avoid losing your cashback.

US Bank credit cards are very hard to get approved, so we do not recommend this card to beginners.

After Applying

To check the application status, you can visit this webpage or call (800) 947-1444.If you see the 7-10 days message, it just means they will do a manual review and the outcome could be either approved or denied.

US Bank reconsideration line: (800) 947-1444.

Historical Offers Chart

Application Link

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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.