The U.S. Bank Cash 365 American Express is a now frills cash back credit card that offers 1.5% cashback on all purchases.
The card does not have an annual fee and at the moment comes with a $100 sign-up bonus when you spend $500 within the first 90 days.
Along with this card U.S. bank also launched the U.S. Bank FlexPerks Gold American Express Card earlier this year which is offering a 30,000 FlexPoints sign-up bonus.
U.S. Bank Cash 365 American Express Review
The U.S. Bank Cash 365 American Express is a straight forward no annual fee credit card that offers 1.5% cash back on all purchases.
The first thing you may notice is that the card earns a lower rate than most travel rewards credit cards, such as the 2x earning Barclaycard Arrival Plus, however this may be a good card option if you want to earn cash back.
You’ll earn cash back that can be redeemed in the form of a statement credit or a deposit made to your U.S. Bank Savings, Checking, or Money Market Account. Having a qualifying U.S. bank account is actually a requirement for using this option.
You also have the option to redeem cash back for a U.S. Bank Rewards Card ($20 minimum redemption).
- Sign-up bonus: $100 in the form of a cash back rewards balance (you must also have qualifying U.S. bank product, see below).
- Earn 1.5% cash back on all purchases.
- Rewards never expire.
- Redeem for any amount, except when you redeem for a U.S. Bank Rewards Card ($20 minimum redemption).
- No annual fee.
Note: To qualify for the $100 sign-up bonus you need to have one of the following qualifying U.S. Bank Products:
- Any U.S. Bank-issued Credit Card
- U.S. Bank Checking or Savings Account
- U.S. Bank Mortgage
- U.S. Bank Home Equity Line of Credit
- U.S. Bank Student Loan
- U.S. Bank Retirement Accounts
How Does The U.S. Bank Cash 365 Compare To Other Cash Back Cards?
The U.S. Bank Cash 365 American Express is marketed to compete with other no annual fee cash back credit cards, including:
- Capital One Quicksilver Cash Rewards Credit Card
- Chase Freedom Unlimited
- Barclaycard CashForward World MasterCard
All of these are no annual fee credit cards offer 1.5% cash back on all purchases.
On top of that each card is currently offering a $100 sign-up bonus, so the major differences come down to the issuer and credit card benefits that come from the card (Visa, Mastercard, or Amex).
Just looking at these cards you can clearly see there is actually very little that sets them apart from one another.
They all earn similar cash back rates and normally also offer the same sign-up bonus amount, so the biggest difference is if you prefer having a banking relationship withe one back over the other.
The Bottom Line
The bottom line is that the U.S. Bank Cash 365 American Express is a no frills credit card that offers 1.5% cash back on every purchase.
Although the card is certainly not game changer it could be a decent option for someone that is looking for a no annual fee Amex credit card.
On the other hand there are potentially more valuable no annual fee cards out there, such as the Chase Freedom Unlimited that earn 1.5 Ultimate Rewards points per dollar and can be redeemed for more value than 1.5 cents per point when you also have a premium Chase Ultimate Rewards credit card such as the Chase Sapphire Preferred or the Ink Plus.
|Barclaycard Arrival Plus™ World Elite MasterCard®|
|Bonus: 50,000 miles after spending $3,000 in the first 90 days.
-- 2X points per dollar spent on all purchases.
-- Get 5% of your miles back when you redeem your points, to use on your next redemption.
-- Chip+PIN technology, which can be useful for international travel.
-- Complimentary online FICO® Credit Score
-- No foreign transaction fees.
Annual fee: $89
Quick review: The Arrival Plus card is one of my favorite all-around 2X earning cards. The 50,000 mile sign-up bonus is worth $525 in free travel and easy to redeem!