To help the United States fight the funding of terrorism and money laundering activities, U.S. law requires U.S. Bancorp, like other financial institutions, to obtain, verify, and record information that identifies each customer that opens an account.
What this means for you: When you open an account with us, we will ask for your and/or your business's legal name, address, date of birth, tax identification number, and other identifying information that will assist us with identifying you and/or your business. We may also ask to see your photo identification (driver's license) or other identifying documents. For businesses, we may ask for copies of certified articles of incorporation, an unexpired government-issued business license, a partnership agreement, or other documents that indicate the existence and standing of the entity.
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 Smartly Visa Signature® Card |
Annual Percentage Rate (APR) for Purchases | 0% introductory APR for the first 12 billing cycles. After that,18.49% to 28.74% based on your creditworthiness when you open your account. This APR will vary with the market and is based on the Prime Rate. |
APR for Balance Transfers | 0% introductory APR for the first 12 billing cycles for balances transferred within 60 days from account opening. After that,18.49% to 28.74% based on your creditworthiness when you open your account. This APR will vary with the market and is based on the Prime Rate. |
APR for Cash Advances | 31.24% This APR will vary with the market and is 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 new Purchases if you pay your entire balance, or Plan Adjusted Balance if you have any Fixed Payment Program balance(s), in full by the due date each month. |
Minimum Interest Charge | If you are charged interest, the charge will be no less than $1. |
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 Smartly 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 5% of the amount of each advance or $10 minimum, whichever is greater. |
•
Cash Advance
|
Either 5% of the amount of each advance or $10 minimum, whichever is greater. |
•
Cash Equivalent Advance
|
Either 5% of the amount of each advance or $10 minimum, whichever is greater. |
•
Overdraft Protection
|
None |
•
Foreign Transaction
|
3% of each foreign transaction |
•
U.S. Bank ExtendPay® Fees
|
A monthly fee not to exceed 1.6% of the original principal amount in a U.S. Bank ExtendPay® Plan or U.S. Bank ExtendPay® Loan.2 This fixed fee is disclosed upon enrollment and charged each month that you owe the applicable ExtendPay balance. |
Penalty Fees | |
•
Late Payment
|
Up to $41 |
•
Returned Payment
|
Up to $41 |
•
Overlimit
|
None |
Fixed Payment Programs: From time to time we may offer to you the benefit of our Fixed Payment Programs, including ExtendPay® Plans and ExtendPay® Loans, which allow you to pay off balances in fixed monthly payments over time. See your Cardmember Agreement for more information.
Balance Transfer Information: Balance transfer transactions from other U.S. Bank National Association accounts are not permitted. You may cancel a balance transfer request within 10 days of account opening by calling 800-285-8585. After 10 days from account opening, requests to stop payment on Balance Transfer Check(s) issued by U.S. Bank shall not be honored unless the check(s) has been stolen, lost or destroyed.
1. Cash back rewards are earned under the U.S. Bank SmartlyTM Visa Signature® Card program. These rewards are earned as “Points”, and U.S. Bank will credit your U.S. Bank SmartlyTM Visa Signature® Card with 2 Points for every $1 in eligible Net Purchases. You may earn additional Points for a Smartly Earning Bonus if you:
The Combined Qualifying Balance is determined as follows:
a. First, at the end of each month an average Combined Qualifying Balance is calculated. The balance is based on a 90-day average balance of all qualifying accounts and is calculated by adding together the end of day ledger combined balances for every day in the last 90 days and dividing the total by
i. 90 calendar days, or
ii. the number of days since opening an initial qualified account.
i. For the initial evaluation after opening your first qualifying account and at the beginning of every calendar month thereafter, we will apply the Smartly Earning Bonus tier based upon the average Combined Qualifying Balance (as described above).
ii. In addition, we will review the Combined Qualifying Balances on a daily basis to determine whether you qualify for a higher Smartly Earning Bonus tier based upon the day’s Combined Qualifying Balances.
If your daily Combined Qualifying Balances qualify you for a tier upgrade, you will be moved to the higher tier (within 5 business days). You will remain in that tier until you qualify for a higher tier based on your daily Combined Qualifying Balances, or the calculated monthly Combined Qualifying Balance qualifies you for a higher or lower tier.
The Smartly Earning Bonus tier will be applied to your U.S. Bank Smartly credit card account within the first 5 days of each month or upon reaching a higher tier, which means that the bonus tier that will be applied to your account may vary during a billing cycle. The Smartly Earning Bonus is applied as of the Purchase transaction date (which may not be the date the transaction posts to the account).
For joint accounts: The applicable Smartly Earning Bonus tier will be determined by reviewing the Combined Qualifying Balances in the qualifying accounts of each Cardmember (if there is more than one) and using the total Combined Qualifying Balances of the individual whose accounts have the highest total. (This means that all Cardmembers may be aware of the balance range of the Cardmember with the highest qualifying balance each billing cycle.) Balances of the Authorized User(s) will not qualify for determining the Smartly Earning Bonus tier.
Points will expire if there is no reward, purchase, or balance activity on your account for 12 consecutive statement cycles.
2. This card earns cash back rewards in the form of Points. To redeem as Cash Back in the values noted in this advertisement, Points can be redeemed as a deposit into an eligible U.S. Bank deposit account. Other redemptions, such as for statement credits and gift cards, may be at a reduced redemption rate.