The best card in terms of freedom and flexibility.
If you’re the one who prefers to live according to one’s own rules, this card will ideally fit you. Unlike many other cards that come with already preset bonus categories, this card allows you to choose your own bonus categories. To make things even better for you, there is a rather high rewards rate and a great value that you’ll get on a long-term basis.
Features of the card and its bonuses
The card promises a cash back of 5% for the purchases made in bonus categories that change every quarter of a year. Mind that the maximal sum to be spent within one quarter amounts to $2,000. In other words, you can get 5% cash back on the total sum of $8,000 spent within a year. Additionally, the card allows you to choose two bonus categories by yourself. For these bonus categories the cash back of 5% also applies. The list of the categories may involve gym costs, phone bills, purchases at car rental places as well as fast food places. To crown it all, you’ll also get an unlimited 2% cash back on the purchases of the things you need everyday. For example, food, groceries and even your purchases at restaurants. All the other purchases will bring you a cash back of 1%.
In September 2017 the emitting bank came up with a limited-time offer for new cardholders. The rewards rates of 5%, 2% and 1% will be slightly increased during the first year of you using the card.
Pay attention to the fact that the card comes with no fee to be paid each year. It definitely contributes to the long-term value you get from using the card.
Comparison of the U.S. Bank Cash+™ Visa Signature® Card and Chase Freedom® credit card
If you’re still doubting whether or not you should get the card, maybe you should consider a different option that’s also available for you – the Chase Freedom® credit card. It’s also beneficial when it comes down to high rewards rates. The fact is that it also offers a cash back of 5%. However, the crux of the matter here is that the bonus categories for which the rate applies are already preset. Besides, the total sum for which the cash back applies is lower – it’s $6,000 per year or $1,500 within one quarter of a year.
Even though the U.S. Bank Cash+™ Visa Signature® Card has higher rewards rates to offer, it doesn’t have any sign-up bonus. This is the benefit that the Chase Freedom® can boast. It’s quite easy to get it – you only have to spend $500 during the first 3 months of using the card. If you manage to do it, you’ll be rewarded $150.
The reasons for you to consider applying for the card:
- You’re looking for a card that implies flexibility in terms of bonus categories.
- You’re looking for a card that you’re going to use for at least 2 next years.
The reasons for you to consider applying for the Chase Freedom®:
- You spend a lot in the bonus categories offered by the card.
- You’re looking for a card that you’re going to use for less than 2 years.
So, the biggest difference between the cards is that one of them has a sign-up bonus while the other doesn’t have it. Consequently, the Chase Freedom® allows you to get value quickly while the U.S. Bank Cash+™ Visa Signature® Card is meant for those who like to get value on a long-term basis.