Our illustration, not the card’s design
US Bank credit card
US Bank Premier Cash Rewards Visa Signature Card
No annual fee. $150 cash back after you spend $500 in 3 months. Purchase APR 17.74–30.74%, variable.
Checked Nov 1, 2026Updated
- Welcome offer
- Receipt · Welcome offerChecked Nov 1, 2026
Issuer's page · alliance.usbank.com
“3% cash back plus a $150 bonus 1”
- Annual fee
- Receipt · Annual feeChecked Nov 1, 2026
Issuer's page · applications.usbank.com
The source states this figure; we have no exact sentence on file yet.
- Purchase APR · variable
- Receipt · Purchase APRChecked Nov 1, 2026
Issuer's page · applications.usbank.com
“17.74% to 30.74% based on your creditworthiness when you open your account.”
- Foreign transactions
- Receipt · Foreign transactionsChecked Nov 1, 2026
Issuer's page · applications.usbank.com
“3% of each foreign transaction”
Select an underlined figure to see where it comes from.
US Bank’s terms
Welcome offer
$150 cash
After you spend $500 on purchases in your first 3 months.
- Spending it takes
- $167 a month
- for 3 months
- Tracking since
- Nov 1, 2026
- history will chart every change
One-time $150 bonus awarded for redemption after approval for a new State Farm Premier Cash Rewards card and eligible net purchases of $500 or more within 90 days from account opening. Existing and previous State Farm Premier Cash Rewards accounts do not qualify. May not be combined with any other bonus offer. Allow 1-2 billing cycles after the spend requirement is met for the bonus to post. Subject to credit approval.
- Smaller than about 65% of the 48 other cash bonuses we track.
In dollars
What it’s worth
Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.
| Spending | Value against the fee | First year | After |
|---|---|---|---|
| Light spender | $330 | $180 | |
| Typical spender | $580 | $430 | |
| Heavy spender | $1,025 | $875 |
The spending each assumes, and what isn’t counted
- Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
- Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
- Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month
Assumed: not counted: 2x food delivery services; not counted: 3x insurance premium payments (Purchases classified as insurance).
$180a year
$330 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $300, dining $100, gas $100, everything else $500. Assumed: not counted: 2x food delivery services; not counted: 3x insurance premium payments (Purchases classified as insurance).
$430a year
$580 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250. Assumed: not counted: 2x food delivery services; not counted: 3x insurance premium payments (Purchases classified as insurance).
$875a year
$1,025 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500. Assumed: not counted: 2x food delivery services; not counted: 3x insurance premium payments (Purchases classified as insurance).
Use your own spending
Estimates from the published terms above, as checked Nov 1, 2026; not advice. How we value cards
Against the market
How it compares
Worth more to a typical spender than about 80% of the 732 cards we track.
- No annual fee, like about 85% of the 711 cards we track.
Other cash back cards with no annual fee
- Citizens Summit World MastercardCitizens · No annual fee+$180 a year
- Wells Fargo Cash Back Credit CardWells Fargo · No annual fee+$170 a year
- Credit One Bank Omni RewardsCredit One · No annual fee+$170 a year
Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).
Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method
Rewards
How you earn
- 3%
- insurance premium payments (Purchases classified as insurance)
- 2%
- gas stationselectric vehicle charging stationsdrug storesgrocery storesrestaurants, fast-food restaurants, bars, and diningfood delivery services
- 1%
- Everything else
Cash back, as a share of each purchase.
Benefits
- Other: $200
- Cell phone: $600
- Purchase protection
Every figure with its receipt
Rates and fees
| Annual fee | Receipt · Annual feeChecked Nov 1, 2026 Issuer's page · applications.usbank.com The source states this figure; we have no exact sentence on file yet. |
|---|---|
| Purchase APR | Receipt · Purchase APRChecked Nov 1, 2026 Issuer's page · applications.usbank.com “17.74% to 30.74% based on your creditworthiness when you open your account.” |
| Balance transfer APR | Receipt · Balance transfer APRChecked Nov 1, 2026 Issuer's page · applications.usbank.com “17.74% to 30.74% based on your creditworthiness when you open your account.” |
| Balance transfer fee | Receipt · Balance transfer feeChecked Nov 1, 2026 Issuer's page · alliance.usbank.com “Balance Transfer fee: 5% of each transfer amount, $5 minimum.” |
| Cash advance APR | Receipt · Cash advance APRChecked Nov 1, 2026 Issuer's page · applications.usbank.com “30.74%” |
| Cash advance fee | Receipt · Cash advance feeChecked Nov 1, 2026 Issuer's page · alliance.usbank.com “Cash Advance fee: 5% of each advance amount, $10 minimum.” |
| Penalty APR | Receipt · Penalty APRChecked Nov 1, 2026 Issuer's page · applications.usbank.com The source states this figure; we have no exact sentence on file yet. |
| Late payment | Receipt · Late paymentChecked Nov 1, 2026 Issuer's page · applications.usbank.com “Up to $41” |
| Returned payment | Receipt · Returned paymentChecked Nov 1, 2026 Issuer's page · applications.usbank.com “Up to $41” |
| Foreign transactions | Receipt · Foreign transactionsChecked Nov 1, 2026 Issuer's page · applications.usbank.com “3% of each foreign transaction” |
| Minimum interest charge | Receipt · Minimum interest chargeChecked Nov 1, 2026 Issuer's page · alliance.usbank.com “There is a $1 minimum interest charge where interest is due.” |
Before you apply
- Credit the issuer asks for: Good to Excellent (issuer’s page).
- What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
- Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)
Questions
- What is the annual fee?
- None · applications.usbank.com, since Nov 1, 2026
- Does it charge a foreign transaction fee?
- Yes: 3% of each foreign transaction. · applications.usbank.com, since Nov 1, 2026
- What is the purchase APR?
- 17.74–30.74% APR · applications.usbank.com, since Nov 1, 2026
- Is there a welcome bonus?
- $150 cash back after $500 in purchases in 3 months. · alliance.usbank.com, since Nov 1, 2026
- What credit do you need?
- Good to Excellent · applications.usbank.com, since Nov 1, 2026