US Bank Smartly Credit Card Review: 4% Cashback on Everything! (Live Now!)

U.S. Bank Smartly™ Visa Signature® Card Review

2024.11 Update: This card is now live!

Application Link

Benefits

  1. Unlimited 2% cash back on every purchase + up to an additional 2% cash back when paired with a US Bank savings account or investment account, no cap:
    • Earn a total of 2.5% cashback with a qualifying balance of $5,000 – $49,000;
    • Earn a total of 3% cashback with a qualifying balance of $50,000 – $99,000;
    • Earn a total of 4% cashback with a qualifying balance of $100,000 or more.
  2. US Bank Smartly Savings currently (2024.9) has an APY 4.10% (if your balance is $25,000 or more), which is quite competitive among savings accounts. US Bank Self-Directed Investing has an annual fee of $50, it has 100 free trades per year, therefore if you just invest in VOO and never trade again then there’s not much cost.
  3. No annual fee.

Disadvantages

  1. No welcome offer.
  2. It has foreign transaction fee, so it's not a good choice outside the US.

Recommended Application Time

  1. We recommend you apply for this card after you have a credit history of at least two years and you are very comfortable with the credit card game.

Summary

If the 4% cashback is unlimited, or the limit is huge, then obviously this is a fantastic card for big spenders.

After Applying

  • To check the application status, you can visit this webpage or call (800) 947-1444. If you see the 7-10 days message, it just means they will do a manual review and the outcome could be either approved or denied.
  • US Bank reconsideration line: (800) 947-1444.

Historical Offers Chart

Application Link


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