Program rules

U.S. Bank Cash+™ Program

(a) Accounts that are eligible to earn cash Rebates are open and current when the Account is used. Accounts are ineligible when closed and/or after enrollment in the U.S. Bank Cash+ Program is cancelled.

(b) You may only earn Rebates (defined below) for Net Purchases on your Account. "Net Purchases" are determined by totaling all new Purchases charged to the Account during a billing cycle, then subtracting credits posted to the Account during the same billing cycle for returns, chargebacks and/or other adjustments. Rebates are not earned for Advances (including wire transfers, travelers checks, money orders, foreign cash transactions, betting transactions, lottery tickets and ATM disbursements), Convenience Checks, Balance Transfers, INTEREST CHARGES and Fees, credit insurance charges, or transactions to fund certain prepaid card products, U.S. Mint purchases, or transactions to purchase cash convertible items.

(c) Rebates include 1% Rebates, 2% Rebates and 5% Rebates (collectively, "Rebates"). "1% Rebates" are those Rebates for which you will earn 1% of Net Purchases. "2% Rebates" are those Rebates for which you will earn an additional 1%, for a total of 2%, of Net Purchases as described further below. "5% Rebates" are those Rebates for which you will earn an additional 4%, for a total of 5%, of Net Purchases as described below.

  • (1) 2% Rebates are those Rebates for which you will earn 2% of Net Purchases made in one designated category. You must select, each calendar quarter, which category will apply for your 2% Rebates. If you do not make the designation for each quarter, you will earn the 1% Rebate in that category. Categories are subject to change quarterly.

  • (2) 5% Rebates are those Rebates for which you will earn 5% of Net Purchases made in two designated categories. You must select, each calendar quarter, which two purchase categories will apply for your 5% Rebates. If you do not make the designations for each quarter, you will earn the 1% Rebate in those categories. During any calendar quarter in which you spend more than $2,000 in your combined two 5% purchase categories, you will earn the 1% Rebate for any additional purchases in your 5% purchase categories during that quarter. Categories are subject to change quarterly.

Merchants that accept Visa credit cards are assigned a merchant code based on the kinds of products and services they sell. To offer 2% and 5% Rebates based on purchase type (e.g., 5% cash back for Department Stores purchases), U.S. Bank groups similar merchant category codes into Purchase Categories. Purchases that fall into the eligible Purchase Category will receive the stated Rebate. U.S. Bank makes every effort to include all relevant merchant category codes in its listed Purchase Categories. However, even though a merchant or the items that it sells may appear to fit within a Purchase Category, the merchant may not use the merchant code that will fall within that Purchase Category. Therefore, U.S. Bank cannot guarantee that a purchase will qualify for 2% or 5% Rebates as any purchase where a merchant uses a category code outside of the eligible Purchase Category will not qualify for the stated Rebate.

(e) We will show on your monthly Account statement the accrued Net Purchases potentially eligible for redemption as Rebates as of the statement billing date. Your 1% Rebates earned will appear on your statement as “Cash Rewards,” and the additional rewards you earn for 2% Rebates and 5% Rebates (1% and 4%, respectively, in excess of the 1% Rebate) will appear on your statement as a “Bonus.” Rebates earned can also be viewed within Internet Banking Rewards Center at usbank.com. We reserve the right to adjust or reverse the number of Rebates that were awarded, or Net Purchases potentially eligible for redemption, for unauthorized Purchases.

(f) Rebates may be redeemed as a statement credit, reward card, or deposit made to your U.S. Bank Savings, Checking or Money Market Account, based on your designation. There is no minimum redemption requirement except for U.S. Bank Rewards Cards. Redemption for U.S. Bank Rewards Cards must be in $5 increments, subject to a $20 minimum, except as otherwise allowed as communicated by U.S. Bank. In addition, you will earn a $25 Cash+ Bonus the first time you redeem $100 or more in rebates in a single redemption transaction. If your cash rewards balance is greater than or equal to zero as of the statement closing date of the statement period during which you redeemed $100 or more in rebates, the $25 Cash+ Bonus will be sent to you under separate cover in the form of a Cash+ Bonus Rewards Card. If your cash rewards balance is less than zero as of the statement closing date of the statement period during which you redeemed $100 or more in rebates, the $25 Cash+ Bonus will be added as cash to your cash rewards balance (and will offset the negative cash rewards balance on your statement). Terms and Conditions for the Cash+ Bonus Rewards Card will be provided with the card. Please allow 6–8 weeks after your redemption request is made for your Cash+ Bonus to arrive.

(g) The Account must be open and current to be eligible to earn Rebates. You may not redeem Cash Rebates, and you will immediately lose all of your Cash Rebates, if your Account is closed to future transactions (including, but not limited to, due to Program misuse, failure to pay, bankruptcy, or death). Generally, there is no maximum annual cash rebate, but U.S. Bank reserves the right to cap certain 2% Rebates and 5% Rebates in addition to any limits already described in these U.S. Bank Cash+ Program rules. Rebates expire 36 months after the billing cycle in which they are earned.

(h) The Account and these Rebates are provided for personal, family and household use. U.S. Bank reserves the right to disallow or remove Rebates awarded for Purchases made for other than personal, family or household use.

(i) We reserve the right to change or cancel the U.S. Bank Cash+ Program at any time, with or without notice to you. The most current U.S. Bank Cash+ Program rules are available at www.usbank.com/cashplus.

The creditor and issuer of this card is U.S. Bank National Association, pursuant to a license from Visa U.S.A. Inc., and the card is available to United States residents only.