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US Bank has announced the bonus earning categories for its Cash+ Card. What makes the Cash+ Card unique in comparison to other similar cards, is that you have a choice. Unlike other cards which have preset bonus earning categories, you can choose 2 categories to earn 5% back, and one category to earn 2% back. This flexibility can make the U.S. Bank Cash+™ Visa® Card a valuable card as part of a larger earning strategy.
How It Works
- Select two categories to earn 5% back
- The 5% earning is capped at the first $2,000 of combined eligible spending; after that, you will earn 1% back.
- Select one category to earn 2% back (no earning limit)
- Earn 1% on all other spending
You can choose 2 categories from the list of categories. You will earn 5% back on the first $2,000 of combined spending.
- Ground Transportation
- Select Clothing Stores
- Cell Phones
- Electronics Stores
- Car Rentals
- Gyms/Fitness Centers
- Home Utilities
- Fast Food
- Sporting Goods Stores
- Department Stores
- Furniture Stores
- Movie Theaters
Choose one of the following categories to earn an unlimited 2% back:
- Gas Stations
- Grocery Stores
The key to the value of the U.S. Bank Cash+ Visa is its flexibility. Being able to choose means you can integrate it into a broader plan to maximize your earning across the board. For instance, in Q1 you are better off using your Citi® Dividend Card for Gas and Car Rentals which are a 5% Q1 bonus, and using your Discover it® Card for Wholesale Club purchases which is a 5% back category bonus. You can then choose another two 5% categories that you know will have significant spending in Q1, and direct them to your U.S. Bank Cash+ Visa.
Finally, you can use the versatility of the mobile wallet payments which is 5% bonus category for the Chase Freedom® to make purchases that would have normally earned you less, and wrap up by selecting one of the 2% categories U.S. Bank Cash+ Visa that would boost your earnings depending on your spending patterns.
Figuring out the optimal strategy will take some work, especially if you have multiple 5% earners in your wallet!
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