Available Nationwide
Details
- $200 bonus after spending $1,000 within the first 120 days.
- No annual fee.
- 5% cash back on two categories of your choice* (up to $2,000 in purchases each quarter).
- 2% cash back on one category of your choice**.
- 1% cash back on all other purchases.
- 3% foreign transaction fee.
- $25 minimum redemption (statement credit or deposit into U.S. Bank account).
- Cash back expires 36 months after the billing cycle in which they were earned.
- 0% introductory APR for 15 months (3% balance transfer fee).
*Categories are fast food, home utilities, TV, internet, and streaming services, department stores, cell phone providers, electronic stores, sporting goods stores, furniture stores, movie theaters, ground transportation, gyms / fitness centers, and select clothing stores.
**2% cash back categories are grocery stores and grocery delivery, restaurants, and gas stations and EV charging stations.
Opinion
A really strong 5% cash back card, but its strength is mostly limited to cell phone, electricity, internet, and TV bills. This card does require enrollment in the 5% categories every quarter, so keep an eye out for the email from U.S. Bank every three months or so. Elan Financial (also owned by U.S. Bancorp) offers the Max Cash Preferred (which is very similar except with a $150 sign-up bonus and no expiration date on cash back) as part of its credit card portfolio.