U.S. Bank is launching a new cash back credit card. The upcoming U.S. Bank Shopper Cash Rewards™ Visa Signature® Card seeks to win the wallet space of store card fans by offering up to 6% back with 24 retailers.
About the U.S. Bank Shopper Cash Rewards™ Visa Signature® Card
The upcoming U.S. Bank Shopper Cash Rewards™ Visa Signature® Card will prioritize rewards with merchants instead of relying on bonus categories like gas, travel, or dining. Cardholders will earn an impressive up to 6% cash back on combined eligible purchases each quarter with two retailers you choose (up to $1,500 per quarter), 3% cash back on eligible purchases each quarter in your choice of one everyday category, like wholesale clubs, gas and E.V. charging stations, or bills and home utilities (up to $1,500 per quarter), and 1.5% cash back on all purchases.
The 6% cash back category is unique, and it provides an impressive number of retailers to earn maximum rewards. Here are the expected 6% cash back retailers:
|Ace Hardware||Home Depot||QVC|
|Bed, Bath, & Beyond||Lululemon||Wayfair.com|
|Best Buy||Macy’s||Williams Sonoma|
|Crate & Barrel||Nordstrom||Disney|
The 6% cash back with the Shopper Cash Rewards is designed to drive applicants away from store cards and into a relationship with U.S. Bank itself and the issuer of many closed-loop credit cards. The cash back rate on eligible merchant purchases is one percentage point higher than most store rewards programs, as illustrated below:
|Shopper Cash Rewards||Store Card|
2% in stores
The card will also feature Visa Signature benefits and protections, such as $0 Fraud Liability, Visa Signature Concierge access, and travel interruption and cancellation insurance. The U.S. Bank Shopper Cash Rewards™ Visa Signature® will feature a $95 annual fee.
Anyone interested in the upcoming U.S. Bank Shopper Cash Rewards™ Visa Signature® credit card can join the official waitlist here.
About U.S. Bank
U.S. Bank is the fifth-largest bank in the United States, with over $500 billion in assets. The bank provides banking services for businesses and consumers. These services include investments, mortgages, trusts, and payment services. The bank also offers credit cards for businesses and consumers, including dozens of co-branded cards with names like Kroger, Korean Air, and Radisson.
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