US Bank 5% Cash Back Credit Card

Posted by Kate on August 17, 2012

In Madison’s $3,000 Credit Card Application Spree she mentioned the new US Bank Cash Plus card.

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!

As possibly one of the best new 5% cash back cards, the US Bank Cash Plus is this week’s Free Money Friday offer!

How to Get 5%+ Cash Back

  1. Sign up for the US Bank Cash Plus card.
  2. Each quarter pick your 5% cash back and 2% cash back categories.

US Bank Terms and Conditions

  • No annual fee.
  • New cardmembers only.

More on US Bank

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!

Visa Signature. I always make sure I have a Visa Signature card on hand because they often run good promotions like free movie tickets through Fandango. The US Bank Cash Plus card fits the bill!

How to Get a Possible Sign Up Bonus

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!

Update: New link to access your US Bank Cash Plus account to choose your categories.

Sign Up for US Bank

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Comments to US Bank 5% Cash Back Credit Card

  1. Did you ever find out if you could open
    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?


    • Maggie,

      Success, I finally called to close my Flexperks card and they offered to convert it to a cash plus card!


  2. I have a question regarding converting credit cards. I have a credit card through US Bank that used to get rewards but has since been changed to just a basic 1% rewards card. It’s my oldest card, so for credit score purposes I’ve been holding onto it to keep my credit history long. If I call and ask to convert to the US Bank FlexPerks card, how will this affect the length of my credit history? Will it in essence close my old card and create a new one? My fiance and I are planning on buying our first home this year and so keeping my credit score at its highest is a priority right now, over getting the 5% perks, so if that’s the case I’ll pass until we buy a home and lock in a good mortgage rate. Thanks!


    • By FlexPerks card I meant the Cash Plus card!


      • Hi Clara,
        If it’s your oldest card, I would keep it open as long as there is no annual fee.

        In addition, since you are buying a home this year, I wouldn’t do anything until you have closed on your home.

        After you buy your new home, you can look into getting a new card. Most likely you will be able to add a new card, but keep your old one open. I only convert them if it’s to avoid an annual fee or if they won’t open a new card.


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