U.S. Bank Cash+ Visa Secured

The U.S. Bank Cash+® Visa® Secured Card is a secured card designed for people who need to establish or rebuild their credit. It offers up to 5% cash back while rebuilding your credit, but it comes with a high APR at 26.74%, plus you need to put down a security deposit. We dive into the details and your approval odds in this U.S. Bank Secured review.

Our Rating

4.6/5.0

Welcome Offer

Annual Fee

$0

0% on Purchases

Reward Rate

1% – 5%

0% on Balance Transfers

How does the U.S. Bank Secured card compare?

The U.S. Secured Visa offers up to 5% cash back on some purchases, which is very generous for a secured credit card. It doesn’t have an annual fee, although you need to put down a security deposit equal to your credit limit. There is also no annual fee. This makes the U.S Bank Secured card an excellent choice for anyone looking to rebuild their credit history.

Who is the U.S. Bank Secured card best for?

The U.S. Bank Secured Visa is an excellent card for those who are trying to establish or rebuild their credit and want a card that offers cash back on purchases.

Who would do better with a different card?

If you want to open a bank account as well, consider the Chime Credit Builder Visa Secured Card. You’ll get a spending account with no interest charged, which could save you money. If you don’t want to put down a security deposit at all, consider the Petal 1 Visa Card. It also allows you earn cash back on some purchases, although the APR can be high.

Features & Benefits

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
BenefitsChoose your due date, 24/7 customer service
Travel PerksNone

Rewards

1% cash back
On all other eligible purchases
1% cash back on all other eligible purchases3
2% cash back
All eligible purchases
On eligible purchases in your choice of one everyday category (like gas stations and EV charging stations, grocery stores and restaurants)
5% cash back
All eligible purchases
On your first $2,000 in combined eligible purchases each quarter in two categories you choose (Streaming, home utilities, ground transportation, select clothing stores, cell phone providers, electronics stores, gyms, fast food, sporting good stores, department stores, movie theaters and/or furniture stores
5% cash back
Travel
5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Travel Center

Interest Rates & Fees

Annual Fee$0
Foreign Transaction Fee3% of each foreign transaction
Regular APR27.49% (V) APR

What Credit Score Is Required to Get the U.S. Bank Cash+® Visa® Secured Card

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved02/11/2022
700
Equifax
$300
Approved02/11/2022
726
TransUnion
$300
Approved08/05/2023
808
Experian
$500
Approved02/08/2022
518
Experian
$300
Approved02/08/2022
531
Equifax
$300
Approved02/08/2022
572
TransUnion
$300
Approved01/20/2022
703
Experian
$2,000
Approved01/20/2022
719
TransUnion
$2,000
Approved01/20/2022
721
Equifax
$2,000

Pros & Cons

Pros
  • No annual fee
  • Up to 5% cash back
Cons
  • No welcome bonus
  • High APR
  • Foreign transaction fee

What Are the Best Alternatives?

Secured Chime Credit Builder Visa® Credit Card
Secured Chime Credit Builder Visa® Credit Card

Rating

4.5

Rewards Range

N/A

Annual Fee

$0

Capital One Platinum Secured Credit Card
Capital One Platinum Secured Credit Card

Rating

4.5

Rewards Range

N/A

Annual Fee

$0

Capital One Quicksilver Secured Cash Rewards Credit Card
Capital One Quicksilver Secured Cash Rewards Credit Card

Rating

4.8

Rewards Range

1.5%

Annual Fee

$0

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