A few months back, I posted that one of my favorite credit cards for business travel, the U.S. Bank Cash+ card was capping the amount you could earn on the 5% categories, making the card much less attractive to business travelers.
When I arrived home yesterday night, I found a letter in my mailbox from U.S. Bank. The relevant part follows:
In July, you were sent a letter informing you of changes to your U.S. Bank Cash+ Visa Signature card. In the letter we reinforced the benefits of your card. One of the benefits mentioned included a misprint. The benefit stated:
- 5% cash back on your first $2,000 in net purchases each quarter on the combined two categories YOU CHOOSE (like Restaurants or Department Stores).
At this time, you do not have a $2,000 quarterly cap on your 5% cash back categories. In the coming months, a cap will be implemented and you will be notified in advance of the change.
The bottom line: The U.S. Bank Cash+ card now earns unlimited 5% cash back on the categories you choose…for now.
I guess this card is going back in my wallet.