The US Bank Cash+ Visa is probably the most lucrative credit card product that you haven’t heard about.
The card allows you to earn 5% cash back on three categories of your choice, 2% back on either gas, groceries, or drug stores, and 1% back on everything else. I find this product compelling for two reasons:
- The amount of cash back you can earn is unlimited
- The categories on which you can earn 5% cash back are extremely useful for business travelers
Business travelers can very easily have $1500 or more of hotel, rental car, and restaurant expenses per week. If you make these three categories your cash-back categories and charge these expenses to your card, you will net an easy $75 per week.
It gets better. If you redeem your cash back in $100 increments, you will receive a $25 bonus for each $100 redeemed. Oh, and if you have a US Bank Gold or Platinum checking account, there is an additional bonus. Play your cards right 😉 and you can get almost 7% back on most of your business expenses.
The categories available for 5% purchases are the following:
- Department Stores
- Home Improvement Stores
- Electronics Stores
- Bill Payment
- Fast Food
- Furniture Stores
- Car Rental
- Movie Theaters
The only catch is that you need to remember to enroll to earn your 5% cash back quarterly.
For more information, you visit the US Bank Cash+ Website. Unfortunately, you cannot currently apply for this card online; you must apply in-person at a US Bank branch.
US Bank Cash+ Website: https://cashplus.usbank.com/
Discussion on FatWallet: http://www.fatwallet.com/forums/finance/1197402/