We may change APRs, fees, and other Account terms in the future based on your experience with U.S. Bank National Association and its affiliates as provided under the Cardmember Agreement and applicable law.
Interest Rates and Interest Charges | U.S. Bank Cash+™ Visa Signature® Card |
Annual Percentage Rate (APR) for Purchases | U.S. Bank Cash+ Visa SignatureŽ Card: 15.49% to 24.99% based on your creditworthiness when you open your account. This APR will vary with the market based on the Prime Rate. |
APR for Balance Transfers | U.S. Bank Cash+ Visa SignatureŽ Card: 0% introductory APR for the first 12 billing cycles for balances transferred within 60 days from account opening. After that,15.49% to 24.99% based on your creditworthiness when you open your account. This APR will vary with the market based on the Prime Rate. |
APR for Cash Advances | U.S. Bank Cash+ Visa SignatureŽ Card: 25.49% This APR will vary with the market based on the Prime Rate. |
Penalty APR and When it Applies | Not applicable |
How to Avoid Paying Interest on Purchases | Your due date is 24 - 30 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. |
Minimum Interest Charge | If you are charged interest, the charge will be no less than $2. |
For Credit Card Tips from the Consumer Financial Protection Bureau | To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore |
Fees | U.S. Bank Cash+™ Visa Signature® Card |
Annual Fee | |
• Annual Membership Fee
|
None |
Transaction Fees | |
•
Balance Transfer
|
Either 3% of the amount of each transfer or $5 minimum, whichever is greater. |
•
Convenience Check Cash Advance1
|
Either 3% of the amount of each advance or $5 minimum, whichever is greater. |
•
Cash Advance ATM
|
Either 4% of the amount of each advance or $10 minimum, whichever is greater. |
•
Cash Advance
|
Either 4% of the amount of each advance or $10 minimum, whichever is greater. |
•
Cash Equivalent Advance
|
Either 4% of the amount of each advance or $20 minimum, whichever is greater. |
•
Overdraft Protection
|
None |
•
Foreign Transaction
|
2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency |
Penalty Fees | |
•
Late Payment
|
Up to $39 |
•
Returned Payment
|
Up to $35 |
•
Overlimit
|
None |
By providing us with a telephone number for a cellular phone or other wireless device, including a number that you later convert to a cellular number, you are expressly consenting to receiving communications—including but not limited to prerecorded or artificial voice message calls, text messages, and calls made by an automatic telephone dialing system—from us and our affiliates and agents at that number. This express consent applies to each such telephone number that you provide to us now or in the future and permits such calls for non-marketing purposes. Calls and messages may incur access fees from your cellular provider. By submitting this application, you also agree that we may verify your employment, income, address and all other information provided with other creditors, credit reporting agencies, employers, third parties, and through records maintained by federal and state agencies (including any state motor vehicle department) and waive any rights of confidentiality you may have in that information under applicable law. By submitting this application, you certify that you read and understood the disclosures here and you agree to the terms of this application.
(a) Accounts that are eligible to earn cash rebates are open and current when the Account is used. Accounts are ineligible when closed and/or after enrollment in the U.S. Bank Cash+ Program is cancelled.
(b) You may only earn Rebates (defined below) for Net Purchases on your Account. "Net Purchases" are determined by totaling all new Purchases charged to the Account during a billing cycle, then subtracting credits posted to the Account during the same billing cycle for returns, chargebacks and/or other adjustments. Rebates are not earned for Advances (including wire transfers, travelers checks, money orders, foreign cash transactions, betting transactions, lottery tickets and ATM disbursements), Convenience Checks, Balance Transfers, Interest Charges and Fees, credit insurance charges, transactions to fund certain prepaid card products, U.S. Mint purchases, or transactions to purchase cash convertible items.
(c) Rebates include 1% Rebates, 2% Rebates and 5% Rebates (collectively,"Rebates"). "1% Rebates" are those Rebates for which you will earn 1% of Net Purchases. "2% Rebates" are those Rebates for which you will earn an additional 1%, for a total of 2%, of Net Purchases as described further below. "5% Rebates" are those Rebates for which you will earn an additional 4%, for a total of 5%, of Net Purchases as described below.
(1) 2% Rebates are those Rebates for which you will earn 2% of Net Purchases made in 1 designated category. You must select, each calendar quarter, which category will apply for your 2% Rebates. If you do not make the designation for each quarter, you will earn the 1% Rebate in that category. Categories are subject to change quarterly.
(2) 5% Rebates are those Rebates for which you will earn 5% of Net Purchases made in 2 designated categories. You must select, each calendar quarter, which 2 purchase categories will apply for your 5% Rebates. If you do not make the designations for each quarter, you will earn the 1% Rebate in those categories. During any calendar quarter in which you spend more than $2,000 in your combined two 5% purchase categories, you will earn the 1% Rebate for any additional purchases in your 5% purchase categories during that quarter. Categories are subject to change quarterly.Merchants who accept Visa/Mastercard credit cards are assigned a merchant code based on the kinds of products and services they sell. To offer 2% and 5% Rebates based on purchase type (for example 5% cash back for Department Store purchases) U.S. Bank groups similar merchant category codes into Purchase Categories. Purchases which fall into the eligible Purchase Category will receive the stated Rebate. U.S. Bank makes every effort to include all relevant merchant category codes in its listed Purchase Categories. However, even though a merchant or the items that it sells may appear to fit within a Purchase Category, the merchant may not use the merchant code that will fall within that Purchase Category. Therefore, U.S. Bank cannot guarantee that a purchase will qualify for 2% or 5% Rebates as any purchase where a merchant uses a category code outside of the eligible Purchase Category will not qualify for the stated Rebate.
(d) You must register online on a calendar quarterly basis to be eligible to earn 2% Rebates and 5% Rebates. You will be able to register to designate the categories applicable for a quarter's 2% Rebates and 5% Rebates within 45 days prior to the beginning of or during each applicable quarter. You may make changes to your designated categories until 5 days before the beginning of the quarter to which your designations apply. No changes may be made within five days before the start of or during the quarter in which your designated categories apply, including if you registered during the quarter. Allow up to 3 business days for registration to take effect before you will be eligible to earn 2% Rebates and 5% Rebates. You will begin earning 2% Rebates and 5% Rebates as of the start of the calendar quarter, or the date your registration is effective, whichever is later.
(e) We will show on your monthly Account statement the accrued Net Purchases potentially eligible for redemption as Rebates as of the statement billing date. Your 1%Rebates earned will appear on your statement as "Cash Rewards", and the additional rewards you earn for 2% Rebates and 5% Rebates (1% and 4%, respectively, in excess of the 1% Rebate) will appear on your statement as a "Bonus". Rebates earned can also be viewed within Internet Banking Rewards Center at usbank.com. We reserve the right to adjust or reverse the number of Rebates that were awarded, or Net Purchases potentially eligible for redemption, for unauthorized Purchases.
(f) Rebates may be redeemed as a statement credit, reward card, or deposit made to your U.S. Bank Savings, Checking or Money Market Account, based on your designation. There is no minimum redemption requirement except for U.S. Bank Visa Rewards Cards. Redemption for U.S. Bank Visa Rewards Cards must be in $5 increments, subject to a $20 minimum, except as otherwise allowed as communicated by U.S. Bank.
(g) The Account must be open and current to be eligible to earn Rebates. Rebates are not payable if the Account is closed or past due and will be forfeited. Generally, there is no maximum annual cash rebate, but U.S. Bank reserves the right to cap certain 2% Rebates and 5% Rebates in addition to any limits already described in these U.S. Bank Cash+ Program rules. Rebates expire 36 months after the billing cycle in which they are earned.
(h) The Account and these Rebates are provided for personal, family and household use. U.S. Bank reserves the right to disallow or remove Rebates awarded for Purchases made for other than personal, family or household use.
(i) We reserve the right to change or cancel the U.S. Bank Cash+ Program at any time, with or without notice to you. The most current U.S. Bank Cash+ Program rules are available at www.usbank.com/cashplus.