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It’s a Quarterly 5% Rotating Cash Rewards Credit Card, but has a unique advantage over the other 5% rotating cards – you get to pick the 5% cash back categories – and there’s an additional redemption award!
Cash Back. The US Bank Cash Plus lets you pick 5% cash back on two of your favorite categories like restaurants, home improvement, bill pay, airlines or hotels. You also get 2% cash back at gas stations, grocery stores or drug stores. Plus, get 1% cash back on everything else.
Redemption Bonus. Every time you redeem $100 or more, you’ll get a $25 cash back bonus! Instead of earning 5% on cash back, it’s more like 6.25% cash back if you use this option!
A note from Madison: As I was going through my application spree, I stumbled on some interesting information in the terms and conditions. It appears you can apply for the US Bank FlexPerks card to take advantage of the $150 sign up bonus and then convert it to the Cash Plus card with a call to US Bank. I’m currently testing it to see if we can stack these offers!
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