How to Apply for your U.S Bank Shopper Cash Rewards Visa Signature Card
U.S Bank Shopper Cash Rewards Visa Signature Card Benefits
- Introductory Bonus: The welcome bonus for this card is market-dominating. During the introductory period, if you spend $2,000 on eligible purchases, you can earn a $250 bonus. But the spending must be made within the first 120 days of account opening.
- Annual Fee: This card has no annual fee for the first year.
- Cashback From Retailers: Each quarter, you can earn 6% cash back from the two retailers of your choice. You will have a list of 24 world-leading retailers and you can choose any two of them. The 6% cashback will be applicable for the first $1500 spent.
- Cashback Categories: You can choose one category each quarter and can earn 3% back from everyday spending. This will be applicable for the first $1,500 purchases. You can choose from the categories including gas and EV charging stations, bills/home utilities, or wholesale clubs. If your spending crosses $1500 quarterly you will get 1.5% cash back without any spending limit.
- Flat Cashback: With the Shopper Cash Rewards Visa Signature Card you can earn a 4% cash reward spending on prepaid travel booked directly in the Rewards Center. Any U.S. Bank cardholder will get 1.5% flat cash back on every $1 spent on eligible purchases. So, in total, you can earn a 5.5% cash reward.
- Pay Over Time: Using the Extend Payplan, you can pay on fixed monthly payments over time without any interest. You may choose between 50% of your credit card or $100 minimum purchases and pay in installments.
- Reward Redemption: This card comes with flexible redemption options. Rewards can be redeemed as a statement credit or direct deposit to your U.S. Bank Savings or Checking/Money Market Account. Cash rewards will remain unexplored until your account is closed. You can do it online through the U.S. Bank Rewards Center or calling the Cardmember Services number, on the back of your credit card.
Prerequisites
You must be a legal resident of the United States to apply for this card and meet the age criteria (usually 18 years).
Also, you need to have a good to excellent credit score to have this card. A FICO credit score of a minimum of 670 is considered a good credit score.
Besides a good to excellent credit score, this card requires all the documents that are needed for other credit cards. You will have to submit your Tax identification number, personal information, Social Security Number (SSN),current address, and annual income to fill up the form.
Who is this card for?
For those who shop a lot from a specific retailer, or a category, the U.S. Bank Shopper Cash Rewards Card will be the best choice for them. If you do regular shopping from the world’s leading retailers including Apple, Amazon.com, Ace Hardware, Anthropologie, Best Buy, Bed, Bath, & Beyond, Disney, Ikea, Walmart, Menards, Chewy.com, Crate and Barrel, Home Depot, Kohl’s, Lowe’s, Lululemon, Macy’s, Nordstrom, Pottery Barn, QVC, Restoration Hardware, Target, Wayfair.com, and Williams Sonoma, you can a good amount of cashback on your spending.
Besides those, you can also earn cash rewards from spending on your preferred categories including home utilities, gas and EV charging stations, or wholesale clubs.
So, those who spend regularly on those retailers or categories can have this card to maximize their cash back earnings.
How to apply for the card
If you meet all the requirements given above, you can apply for this card on the U.S Bank Official Website. If you already have an account you can simply log in, but if you do not have an account, you can fill up the application by yourself. In case of any assistance, you can call 800-532-4019 between 7 a.m. to 10 p.m. on Monday to Friday and between 9am to 5pm on Saturday.
The U.S. bank has a mobile app to make customer experiences more convenient, easy, and safe. Keynova Group, a digital financial services measurement firm ranked U.S. Bank mobile apps in the top position for Quarter 1, 2023. This award-winning app is available in the Apple Store, and Play Store.
Pros and cons of the card
Pros
- Market-winning welcome bonus
- No annual fee for the first year
- Can choose spending category
- Offer pay over time without interest
Cons
- Annual fee of $95 from the second year
- Has spending cap to earn cash back
- Has foreign transaction fee
- Have 24 limited retailers to choose
How to unlock the card?
The U.S. Bank Shopper Cash Rewards Visa Signature Card can be activated by online banking or mobile app. You can also call 877-360-3104.
Fees and tariffs
This card has no annual fee for the first year, but it will charge you $95 annually from the second year. Transaction fees for balance transfers and cash advances are 3% or $5 minimum, whichever is greater. Transaction fee for cash equivalent advances and cash advances from ATM is 5% or $10 minimum. The greater amount will be deducted. There will be no overdraft protection fees.
This shopper cash rewards visa signature card has a 3% foreign transaction fee. Fees for the ExtendPay plan will not exceed 1.6% of the original principal amount.
The Annual Percentage Rate for purchases and balance transfers is 19.74% to 29.74% depending on your creditworthiness. APR for a cash advance is 29.99% and there will be no penalty APR. The APR rate may vary depending on the market and prime rate.
The due date for paying interest is 24 to 30 days after the close of each billing cycle. No interest will be charged on new purchases if the entire balance is paid by the due date each month. The minimum interest charge will be no less than $1.
Penalty fees for late payment and returned payment are a maximum of $41and there is no overlimit charge.
Customer Service
If you have more queries, you can visit their support page, where you will find preset answers to popular queries. You can make an appointment, or find the nearest branch to visit them in person to discuss the details. You can call them at 001503-401-9991 for quick support.
