Rating: 5 Stars
Bottom Line:
Unlimited Cash Back On All Purchases
TABLE OF CONTENTS
Card Details
| Regular APR: | 15.49 – 24.99% (Variable) |
| Intro APR (Purchases): | None |
| Intro APR (Balance transfers): | 0% for 12 billing cycles for transfers in first 60 days |
| Rewards Rate: | Unlimited 1.5% cash back on every purchase |
| Credit Needed: | (670 – 850) Good/Excellent |
| Annual Fee: | None |
| Card Brand: | American Express |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- Unlimited 1.5% cash back on every purchase
- Plus, earn a $150 bonus after you apply online and spend $500 in eligible net purchases within the first 90 days
- You?ll also enjoy a 0% introductory APR on balance transfers for the first 12 billing cycles
- No categories and no enrollments. Just use your card and earn cash back. Plus, your cash back never expires
- You?ll appreciate having a no annual fee card
Is U.S. Bank Cash 365 American Express Card worth it?
U.S. Bank Cash 365 American Express is a great card for U.S. bank customers or significant spenders who want to get unlimited cash back without thinking about categories or paying an annual fee. The card is not just available to U.S. bank customers, but if you hold a U.S. bank account, your cash back may be deposited directly into your account. Cardholders get unlimited 1.5% cash back on every purchase.
Note that although there is no penalty APR, like most credit cards, U.S. Bank Cash 365 has late fees. Unfortunately, there have been consumer reports of the auto pay feature being challenging to set up, so it’s important to make sure you dedicate time to set it up correctly or manually pay off your balance each month.
Cash back is redeemed as a statement credit, as a deposit made to your U.S. Bank Savings, Checking, or Money Market Account, or as a minimum $20 U.S. Bank Rewards prepaid card.
There are a number of competitor consumer cards that also offer 1.5% unlimited cash back with no annual fee, such as Capital One Quicksilver Cash Rewards, HSBC Cash Rewards Mastercard, and American Express Cash Magnet, as well as credit union cards like PenFed Power Cash Rewards Visa Signature and Navy Federal cashRewards Credit Card.
If you are an existing U.S. Bank customer, you might choose U.S. Bank Cash 365 and deposit your funds directly in your U.S. Bank bank account. Otherwise, you might go with a competing bank. Additionally, if you spend less than $48,000 per year and you use and maximize a 5% cash back card that has rotating cash back categories, such as Discover it Cash Back, Discover it Student Cash Back, NHL Discover it, or Chase Freedom, you would get more cash back than using U.S. Bank Cash 365, even in the second year.
With this in mind, if you have a prior relationship with U.S. Bank or spend $4000 per month or more, U.S. Bank Cash 365 American Express is a great cash back card for you.
Pros
- Unlimited 1.5% cash back on every purchase
- Earn a $150 bonus after you apply online and spend $500 in eligible net purchases within the first 90 days
- No annual fee
Cons
- American Express still does not have as wide acceptance as Visa or Mastercard
Why 5 Stars?
Regular APR
4 Stars
Intro APR
5 Stars
Fees
4 Stars
Perks
5 Stars
Overall
5 Stars
Fees
| Foreign Transaction Fee | 2% |
| Balance Transfer Fee | Either 3% of the amount of each transfer or $5 minimum, whichever is greater |
| Cash Advance Fee | Either 4% of the amount of each advance or $10 minimum, whichever is greater |
| Penalty APR | None |
Benefits
| $0 Fraud Liability |
| Auto Rental Collision Damage Waiver |
| Entertainment Access |
| Extended Warranty Program |
| Lost Luggage Reimbursement |
| Purchase Protection |
| Return Protection |
| Roadside Assistance |
| Travel Accident Insurance |
| Travel and Emergency Assistance |
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
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