The US Bank Cash+ Visa Secured Card as a secured card requires a deposit. However, that means the card is available for those who want to earn cash back when building or rebuilding credit.
As a cardholder, you can earn 5% cash back on the first $2,000 in qualifying purchases combined each quarter in two categories of choice, 5% cash back on prepaid air, hotel and car reservations made directly in the Rewards Travel Center, 2% cash back on eligible purchases in a daily category choice (such as gas stations, grocery stores and restaurants) and 1% cash back on all other eligible purchases.
| Positive points | Negative points |
|---|---|
| High rewards potential for a secure card | 3% of each foreign transaction |
| Annual fee of $0 | Requires a deposit like any secured card does |
For a secured card with no annual fee, this generous cash back rate outweighs the earning potential of many unsecured cards. Although, as expected with a secured card, the additional benefits are greatly reduced, US Bank Cash+ Secured offers several important convenience benefits, including automatic payment, zero liability for fraud, and the ability to choose your payment date.
The APR card's regular high variable APR of 29.24% on purchases and balance transfer. The balance transfer fee of 3% of the value of each transfer or at least $5, whichever is greater is also not a terrible surprise, since it is a card designed for those without much credit.
| Benefits | |
|---|---|
|
Expiration
|
Choose your payment due date |
|
Reports
|
Reports for all three major credit bureaus |
|
Refund
|
Get a 5% refund on your first $2,000 |
|
Flag
|
Visa |
Earning Rewards
The US Bank Cash+ Visa Secured Card earns 5% cash back on the first $2,000 in eligible purchases combined each quarter in two categories of choice, 5% cash back on prepaid airfare, hotel and car reservations made directly in Rewards Travel Center, 2% cash back on qualifying purchases in a daily category choice (such as gas stations, grocery stores and restaurants) and 1% cash back on all other qualifying purchases. Click the button below and apply for your card:
I Want My CardRedeeming Rewards
US Bank Cash+ rewards can be redeemed by a statement credit, a rewards card, or directly into a US Bank checking or savings account with a minimum redemption of $25. Cash rewards expire at the end of the calendar month, 36 months after the billing cycle in which they were received.
Is the card for you?
The combination of no annual fee, path to an unsecured card, and reporting to all three credit bureaus make the US Bank Cash + Visa Secured Card a valuable choice to help someone get credit. The high rewards opportunities make it a rewarding card for those whose spending aligns with the bonus categories. Click the button below and apply for your card:
I Want My Card
