U.S. Bank Smartly Visa Signature Card, Up to 4% Cash Back on Every Purchase & No Annual Fee

U.S. Bank Smartly Visa Signature Card Coming Soon

U.S. Bank is soon launching the U.S. Bank Smartly Visa Signature® Card. This is an interesting product that earns up to 4% cash back on every purchase if you have a U.S. Bank Smartly Savings account, IRA or other accounts.

You can join the waitlist now in order to be notified when the new card goes live for applications.

“Cash back” rewards are earned under the U.S. Bank Smartly Visa Signature® Card program. These rewards are earned as “Points”, and U.S. Bank will credit your U.S. Bank Smartly Visa Signature® Card with 2X points for every $1 in eligible Net Purchases.

But you can earn additional points, up to a maximum of 4X points on all purchases if you:

• Have or open a U.S. Bank Smartly® Savings account with a minimum opening deposit of $25; and
• Have “Combined Balances” with U.S. Bank in open consumer checking account(s), money market savings account(s), savings account(s), CDs and/or IRAs, U.S. Bancorp Investments and personal trust account(s) (business accounts, commercial accounts, and the Trustee only (IFI) client relationship do not qualify):
  • Between $5,000 – $49,999.99, to earn a total of 2.5 Points per $1 (a base of 2 Points plus the Smartly Earning Bonus of 0.5 Points),
  • Between $50,000 – $99,999.99, to earn a total of 3 Points per $1 (a base of 2 Points plus the Smartly Earning Bonus of 1 Point), or
  • $100,000 or more to earn a total of 4 Points per $1 (a base of 2 Points plus the Smartly Earning Bonus of 2 Points).

CNBC says that the card will have no annual fee, and possibly no signup bonus. We have no other details about this card yet, besides the fact that it is a Visa Signature card. Also, Doctor of Credit reports that the card will launch on October 21, 2024.

HT: LiftBroski