| Last updated on February 22nd, 2024
U.S. Bank Shopper Cash Rewards™ Visa Signature® Card
U.S. Bank Shopper Cash Rewards™ Visa Signature® Card
U.S. Bank Shopper Cash Rewards™ Visa Signature® Card
- 19.74% to 29.74% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 19.74% to 29.74% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 29.99% variable based on the Prime Rateq Cash Advance APR
At a Glance
The US Bank Shopper Cash Rewards™ Visa Signature® Card provides cardholders with the power of 24 store cards in one for a $95 annual fee. The card earns 6% cash back at two retailers of the cardholder’s choice, with brands including Apple, Kohl’s, Target, Amazon, and more.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Earn up to 6% cash back at your favorite stores
- Earn 3% cash back on your first $1,500 in eligible purchases on your choice of one everyday category
- Earn 1.5% back on all eligible purchases
- No annual fee for the first year; $95 after that
- Regular Purchase APR: 19.74% to 29.74% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 19.74% to 29.74% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either 3% of the amount of each transfer or $5 minimum, whichever is greater
- Cash Advance APR: 29.99% variable based on the Prime Rateq
- Cash Advance Transaction Fee: Either 5% of the amount of each advance or $10 minimum, whichever is greater
- Annual Fee: $0 for the first year; $95 thereafter
- Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up to $41
- Return Payment Penalty Fee: Up to $41
- You spend heavily with several retail brands
- You don’t want multiple store cards to keep track of
- You can justify the card's $95 annual fee and get plenty of value out of it
In-Depth Review: US Bank Shopper Cash Rewards™ Visa Signature® Card
The US Bank Shopper Cash Rewards™ Visa Signature® Card provides accelerated cash back that rivals the very best store credit cards. The card, which boasts up to 6% cash back with 24 leading brands, charges a $95 annual fee, waived for the first year.
Who Can Benefit from the Shopper Cash Rewards™ Card?
The US Bank Shopper Cash Rewards™ Visa Signature® Card is a great option for individuals who frequently shop at participating retailers. With this card, cardholders can earn cash back on their purchases, making it an ideal choice for those looking to maximize their savings. Additionally, the card offers various benefits such as no annual fee and a competitive APR, making it a valuable tool for anyone looking to make the most of their shopping experience.
If you’re someone who enjoys shopping and wants to earn rewards for your purchases, the US Bank Shopper Cash Rewards™ Visa Signature® Card is worth considering. Not only can you earn cash back on your everyday spending, but the card also comes with perks like no annual fee and a competitive APR. Whether you’re a frequent shopper or just looking to make the most of your shopping experience, this card has something to offer.
How to Get the Card
Credit Needed
To be eligible for most US Bank credit cards, a minimum credit score of 700 is required. This means you should have a very good or excellent credit score before applying for the Shopper Cash Rewards Card.
Pre-Qualify Before Applying
US Bank does not offer a pre-qualification portal prior to applying. Instead, the bank sends preapproval offers by mail. These offers will contain specific details and an offer code from where you can apply. This is something of a letdown for potential applicants and especially those without a pre-existing banking relationship with US Bank.
No Annual Fee for the First Year
A great feature of the US Bank Shopper Cash Rewards™ Visa Signature® Card is that US Bank waives the $95 annual fee for the first year. Annual fees can be a hassle, so the $0 fee for the first year is a benefit that can help you maximize the value you get from the card.
How to Earn Rewards
$250 Welcome Offer
To start, new accounts with the US Bank Shopper Cash Rewards™ Visa Signature® Card earn a $250 bonus after spending $2,000 in eligible purchases within the first 120 days of account opening.
Earn Up to 6% Back
The US Bank Shopper Cash Rewards™ Visa Signature® Card prioritizes rewards with merchants instead of relying on bonus categories like gas, travel, or dining.
Cardholders 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 EV 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 6% cash back retailers:
| Ace Hardware | Home Depot | QVC |
| Amazon.com | IKEA | Restoration Hardware |
| Anthropologie | Kohl’s | Target |
| Apple | Lowe’s | Walmart |
| Bed, Bath, & Beyond | Lululemon | Wayfair.com |
| Best Buy | Macy’s | Williams Sonoma |
| Chewy.com | Menards | Pottery Barn |
| 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 US 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 | |
|---|---|---|
| Amazon | 6% | 5% |
| Apple | 6% | 5% |
| Walmart | 6% |
2% in stores 5% online |
| Target | 6% | 5% |
Other Ways to Earn Cash Back
Beyond the 6%/3%/1.5% cash back breakdown, Shopper Cash Rewards Visa Signature cardholders can earn additional rewards through US Bank. For example, cardholders earn 5.5% cash back on prepaid hotel and car reservations booked directly in the US Bank Rewards Travel Center. Additionally, cardholders can earn even more cash back when making purchases at over 1,100 online stores through the Rewards Center Earn Mall.
How to Redeem Rewards
Redeeming cash back rewards with US Bank is straightforward. Cardholders can claim their rewards as a statement credit, a prepaid card, merchant gift cards, or directly deposited into their US Bank checking or savings account. Claiming rewards as a US Bank Rewards Card requires at least $25 in cash back rewards.
Rewards never expire as long as the account is open and active.
Other Card Benefits
The US Bank Shopper Cash Rewards™ Visa Signature® Card also comes with a selection of benefits courtesy of US Bank. These features include:
- Shipt: Cardholders enjoy three months of free Shipt membership, then nine months of membership at 50% off, with free delivery on orders $35+. Shipt delivers from a range of local stores, including Target, CVS, and Walgreens, with more added frequently. This perk requires a separate enrollment.
- NortonLifeLock: ID Navigator Powered by NortonLifeLock provides cardholders with access to multiple tools to help keep them safe. These features include Dark Web monitoring, stolen wallet assistance, data breach notifications, and more. To confirm eligibility for this service, visit cardbenefitidprotect.com.
- Online and Mobile Access: Manage your Shopper Cash Rewards® Visa Signature® Card when you want on your own terms. This service provides cardholders with access to a variety of card and account management tools, including:
- Contactless payments with EMV contactless chip technology
- Add authorized users to your account
- Financial education tools at your fingertips.
- Link your card to PayPal or other mobile wallets
- Complimentary access to your FICO Score, upon free enrollment
Visa Signature Benefits
Cardholders also enjoy Visa Signature protections and benefits, including:
| Zero Fraud Liability | Cardholder Inquiry Services | Emergency Card Replacement | Luxury Hotel Collection | Extended Warranty Coverage |
| Roadside Dispatch | Lost/Stolen Card Reporting | ID Navigator from Norton | Travel & Emergency Assistance |
Comparison
| Gap Good Rewards Mastercard® | U.S. Bank Shopper Cash Rewards™ Visa Signature® | |
|---|---|---|
| Available brands | Old Navy, Athleta, Gap, Banana Republic | Over 20 brands, including Lululemon, Kohl’s, Target, Anthropologie, & more |
| Rewards Rate |
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What We Like About the Shopper Cash Rewards™
No Annual Fee for the First Year
The Shopper Cash Rewards Card charges a $95 annual fee, but it waives that fee for the first year. During the first year of card membership, customers of the Shopper Cash Rewards Card can enjoy the benefits without having to pay the $95 annual fee. This provides an opportunity for cardholders to experience the perks of the card without any additional cost.
Generous Categories
The rewards rate for the card matches that annual fee, providing exceptional value for cardholders who are intent on getting the most bang for their buck. Earning up to 6% back is comparable to American Express’ Blue Cash Preferred Card, just with a huge assortment of retailers taking the place of dining and groceries.
Things to Consider
Bonus Category Enrollment
The bonus categories with the Shopper Rewards Card are impressive, with more than 275 combinations of 6% and 3% categories. But there are limitations to that impressive scale, namely, that you have to choose your 6% and 3% categories every quarter.
If you forget to choose, you’ll be stuck earning just 1.5% cash back on every purchase, significantly limiting the rewards potential with the card. This additional step might be more like a burden than a blessing to some.
Limited Redemption Options
Additionally, reward redemption options with the US Bank credit cards are fairly bland. Cardholders only have basic redemption options to select from, with direct deposits, prepaid cards, and gift cards not joined by a booking portal or the option of transferring points to partner airlines.
Annual Fee
After the first year, the US Bank Shopper Cash Rewards™ Card incurs a $95 annual fee. However, many other cards offering cash-back rates as high as 5% do not have annual fees, including, the US Bank’s Cash+® Visa Signature® Card, which offers up to 5% back without any annual fee.
US Bank Ratings
How does US Bank rate as a credit card issuer? Here is a selection of ratings for US Bank, from consumers and financial experts:
| BestCards | Better Business Bureau | TrustPilot |
|
3.5/5 |
N/A |
1.5/5 |
Should You Apply for the US Bank Shopper Cash Rewards™ Visa Signature® Card?
The US Bank Shopper Cash Rewards™ Visa Signature® offers plenty of value despite the $95 annual fee. The 6% cash back categories provide an exceptional level of cash back – but only warrant the annual fee if your spending habits match the card’s cash back system.
Because of the annual fee, cardholders would need to spend $1,583.33 with a qualifying retailer to recoup the $95 annual fee. Of course, US Bank waives the annual fee for the first year, so the spending requirement to recoup the $95 is essentially half, making card ownership something of a no-brainer for at least the first few years.
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