U.S. Bank Cash+® Secured Visa® Card
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The U.S. Bank Cash+® Secured Visa® 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
3.8/5.0
Welcome Offer
None
Annual Fee
$0
0% Intro on Purchases
None
Reward Rate
1% – 5%
0% Intro on Balance Transfers
None
Editorial Review
How does the U.S. Bank Cash+® Secured Visa® Card compare?
The U.S. Bank Cash+® Secured Visa® Card offers up to 5% cash back on some purchases, which is 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. 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 Cash+® Secured Visa® Card best for?
The U.S. Bank Cash+® Secured Visa® Card 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 Secured Chime Credit Builder Visa® Credit Card. You’ll get a spending account with no interest charged, which could save you money. Also, consider the Capital One Quicksilver Secured Cash Rewards Credit Card. It also allows you to earn cash back on purchases, although the APR is high.
Features & Benefits
| Security | EMV Chip Enabled, Fraud Monitoring, Zero Liability |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Choose your due date, 24/7 customer service |
| Travel Perks | None |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% of each foreign transaction |
| Regular APR | 27.49% (V) APR |
What Credit Score Is Required to Get the U.S. Bank Cash+® Secured Visa® 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 numerous factors in their underwriting process, and these factors can change at any time.
Lowest Approved Credit Score: 518
Average Approved Credit Score: 666
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 02/11/2022 | Equifax | ||
| Approved | 02/11/2022 | TransUnion | ||
| Approved | 08/05/2023 | Experian | ||
| Approved | 02/08/2022 | Experian | ||
| Approved | 02/08/2022 | Equifax | ||
| Approved | 02/08/2022 | TransUnion | ||
| Approved | 01/20/2022 | Experian | ||
| Approved | 01/20/2022 | TransUnion | ||
| Approved | 01/20/2022 | Equifax |
Pros & Cons
- No annual fee
- Up to 5% cash back
- No welcome bonus
- High APR
- Foreign transaction fee
What Are the Best Alternatives?
Secured Chime Credit Builder Visa® Credit Card
Rating
4.5
Rewards Range
N/A
Annual Fee
$0
Capital One Platinum Secured Credit Card
Rating
3.5
Rewards Range
N/A
Annual Fee
$0
Capital One Quicksilver Secured Cash Rewards Credit Card
Rating
3.8
Rewards Range
1.5%
Annual Fee
$0