Understanding Fees and Benefits of CashPlus US Bank

CashPlus US Bank offers a range of fees and benefits that are worth understanding before you sign up. The bank charges a monthly maintenance fee of $9.95, which can be waived if you have a direct deposit of at least $500.

To avoid this fee, you'll need to have a direct deposit of at least $500 into your account each month. This can be a challenge if you're not sure how to set up direct deposit or if you're not receiving regular paychecks.

The bank also charges a fee of $2.50 for each ATM withdrawal outside of its network. This can add up quickly if you're traveling or need to access cash frequently.

However, the bank's network of over 38,000 ATMs means you'll often have a convenient option nearby. This can help you avoid the extra fee and save money in the long run.

Discover more: What Bank Does Not Check Chexsystems

The U.S. Bank Cash Plus Card has a 3% foreign transaction fee, making it a bad choice for making purchases abroad.

The U.S. Bank Cash+ Visa Secured Card is a $0-annual-fee card, which is a great perk for those looking to avoid extra costs.

However, you'll still be charged for foreign transaction fees, balance transfers, cash advances, late payments, and returned payments.

The card has a 29.24% Variable APR, which is quite high and should motivate you to pay your balance in full each month to avoid interest fees.

Here are some other products you might consider for your financial needs:

The U.S. Bank Cash+ Visa Signature Card offers a range of features and services to help you earn cash back and enjoy travel benefits.

You can earn 5% cash back on up to $2,000 in combined spending in two eligible categories you choose each quarter. The categories can be changed every quarter to fit your spending habits.

You can also earn 5% cash back on prepaid air, hotel, and car reservations booked directly in the Rewards Center. In addition, you can earn 2% cash back on one everyday category, such as Gas Stations/EV Charging Stations, Grocery Stores, or Restaurants. All other eligible purchases earn 1% cash back.

The card also offers flexible redemption options, including getting cash back as a statement credit, a rewards card, or directly deposited into your U.S. Bank checking or savings account.

Intriguing read: Us Bank Business Platinum Card

The U.S. Bank Cash+ Visa Signature Card offers a variety of benefits and features that make it a great choice for those looking for a cash-back rewards card.

One of the main benefits of this card is the 5% and 2% bonus categories, which allow you to earn a significant amount of cash back on your purchases. You can choose two categories each quarter, such as gas stations, grocery stores, or restaurants, and earn 5% cash back on up to $2,000 in combined spending.

You can also earn 5% cash back on prepaid air, hotel, and car reservations booked directly in the Rewards Center. This is a great way to earn cash back on travel purchases, which can add up quickly.

The card also offers flexible redemption options, allowing you to get your cash back as a statement credit, a rewards card, or directly deposited into your U.S. Bank checking or savings account.

See what others are reading: Us Bank Platinum Card Benefits

Here are some of the key benefits and features of the U.S. Bank Cash+ Visa Signature Card:

Keep in mind that the 5% cash-back category is capped at $2,000 in purchases per quarter, and foreign transaction fees apply. However, the card's benefits and features make it a great choice for those looking for a cash-back rewards card with flexible redemption options.

Readers also liked: Us Bank New Credit Card

Pairing the U.S. Bank Cash+ Visa Signature Card with another credit card can help you maximize your rewards.

The card's bonus categories may not always align with your spending habits, so consider pairing it with a flat-rate credit card like the Citi Double Cash Card, which earns 2% back on everything.

A flat-rate card can help you earn more on non-bonus-category purchases, which would otherwise earn only 1% back on the U.S. Bank Cash+ Visa Signature Card.

You can also pair the U.S. Bank Cash+ Visa Signature Card with a travel credit card to avoid foreign transaction fees when traveling internationally.

Some credit cards, like the HSBC Cash Rewards Mastercard, don't charge foreign transaction fees, making them a good option for international travel.

Expand your knowledge: Ally Bank Fees

The rewards program on the U.S. Bank Cash+ card is impressive. You'll earn cash back at three different rates: 5%, 2%, and 1% back. The 5% rate is earned on prepaid air, hotel, and car reservations booked directly in the Rewards Center, as well as on two categories of your choosing, up to $2,000 in combined eligible purchases each quarter.

To maximize your rewards, you'll want to choose the categories that align with your spending habits. You can select from a list of 12 categories, including fast food, home utilities, TV/internet/streaming, department stores, cell phone providers, and more.

Here are the categories you can choose from for the 5% cash back rate:

You can also choose one everyday category for the 2% cash back rate, such as gas stations/EV charging stations, grocery stores, or restaurants. This category doesn't have a spending cap, so you can earn 2% cash back on all purchases in this category.

To earn the 5% and 2% cash back rates, you'll need to select your categories and enroll each quarter. If you don't, you'll only earn 1% cash back on all purchases. You can select your categories starting 45 days before the start of the upcoming quarter.

You can redeem your rewards in several ways, including as a statement credit, a deposit to your U.S. Bank checking or savings account, or as a US Bank Rewards Visa gift card. The minimum redemption requirement is $25, unless you choose a gift card, in which case the minimum is $20.

The U.S. Bank Cash+ Visa Secured Card is a $0-annual-fee card, which is great news for those looking to save some money. However, be aware that you'll still be charged for foreign transaction fees, balance transfers, cash advances, late payments, and returned payments.

You'll also pay a 29.24% Variable APR, which is quite high and should be avoided if possible. This is why it's essential to pay your balance in full each month to avoid interest fees.

Here are some of the fees you can expect to pay with the U.S. Bank Cash+ Visa Secured Card:

It's worth noting that the U.S. Bank Cash+ Visa Secured Card doesn't have an annual fee, which is a significant advantage. However, it's essential to consider the other fees associated with the card before making a decision.

The U.S. Bank Cash Plus Card has a 3% foreign transaction fee, making it a bad choice for making purchases abroad.

This fee applies to transactions made in a foreign currency, but it also applies to foreign transactions made in US dollars, with a 2% fee.

If you're planning to use your card internationally, you'll want to look for a card with no foreign transaction fee or a lower fee, such as the U.S. Bank Cash+ Visa Signature Card, which also has a 3% foreign transaction fee.

Here's a comparison of the foreign transaction fees for some of the U.S. Bank credit cards mentioned:

It's worth noting that foreign transaction fees can add up quickly, especially if you're making large purchases or traveling frequently.

The U.S. Bank Cash+ Visa Secured Card has a higher minimum security deposit of $300, while the Discover it Secured Card has a lower minimum security deposit of $200.

The Discover it Secured Card earns 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, then 1%, while the U.S. Bank Cash+ Visa Secured Card earns cash back on your spending with a rewards structure that's not specified.

The Discover it Secured Card earns 1% cash back on all other purchases, providing a simpler rewards structure compared to the U.S. Bank Cash+ Visa Secured Card.

The U.S. Bank Cash+ Visa Secured Card's benefits are compared to other secured credit cards, but the exact attributes compared are not specified.

The Discover it Secured Card's benefits are determined by Insider's editorial standards, which are based on the author's opinions and analyses.

Explore further: How Beautiful You Are That You Do Not Join Us?

To manage your cash rewards effectively, you'll need a U.S. Bank deposit account. This allows you to redeem rewards for direct deposit, giving you literal cash back.

Make sure to meet the minimum bank account requirements to avoid maintenance fees, which might offset the benefits of having a cash-back card.

You can also redeem rewards for U.S. Bank Visa rewards cards, but be aware that a minimum redemption of $20 is required.

A fresh viewpoint: Virtual Bank Account

Paying your bills on time is one of the simplest and most effective ways to maintain good credit.

You can set up autopay to make automatic payments from your bank account each month, ensuring you never miss a payment.

This feature allows you to link your bank account to the card, so you can automatically pay the minimum payment or the full balance.

By paying your bills on time, you'll remain on good terms with your credit issuer, even if you're not paying the full balance.

As long as you make the minimum payment each month, you'll avoid late fees and maintain a positive credit history.

Curious to learn more? Check out: Is Key Bank a Good Bank

Having a credit card with zero fraud liability protection can give you peace of mind, especially when you're traveling or shopping online.

If your card is stolen or misplaced, you won't be on the hook for transactions you didn't make.

You must contact U.S. Bank immediately upon realizing your card is gone. This is crucial to minimizing your potential losses.

To get the most out of your rewards, you'll need a U.S. Bank deposit account. This is because the U.S. Bank Cash+ Visa Signature Card allows you to redeem rewards for direct deposit, but only if you have a U.S. Bank checking, savings, or money market account.

Make sure you can meet the minimum bank account requirements to avoid maintenance fees. If you can't, it might not be worth the cost.

Additional reading: Joint Bank Account

The U.S. Bank Cash+ Visa Secured Card is a great option for those with little or poor credit, and one of the best things about it is that it's a $0-annual-fee credit card.

You can earn 5% back on common purchases such as fast food, TV, internet and streaming services, and electronics stores, making it easy to earn hundreds of dollars per year in cash back.

The credit line on this card is equal to the amount of money you deposit upon account opening, and you must deposit between $300 and $5,000.

The largest credit limit you can get is $5,000, which is a pretty substantial amount.

Even if your credit score is poor, you may still be approved for this card, and it's worth noting that below-average credit scores are the demographic this card is targeting.

There's no annual fee, which is a huge plus, and the ability to earn rewards makes it well worth trying out.

Here are some key features to consider: