Secured credit cards aren’t typically known for exceptional rewards, but that’s precisely what you get with the U.S. Bank Cash+® Secured Visa® Card*. As a cardholder, you’ll earn elevated cash-back rates on two categories you choose up to quarterly limits and on prepaid air, hotel and car reservations booked directly in the Rewards Travel Center. You’ll also earn bonus cash back in one everyday category, which includes gas stations and EV charging stations, grocery stores and restaurants.
Rewards: Earn 5% cash back on the first $2,000 in combined eligible purchases each quarter in two categories of choice, 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Travel Center, 2% cash back on eligible purchases in choice of one everyday category (like gas stations, grocery stores and restaurants) and 1% cash back on all other eligible purchases.
Welcome offer: This card does not offer a welcome bonus.
Annual fee: $0
Other benefits and drawbacks: The card offers a few ways to redeem cash back, including statement credits, direct deposits to select U.S. Bank bank accounts or a U.S. Bank Rewards Card. However, it includes limited benefits beyond rewards earning. One notable perk is the ability to choose your payment due date. The card requires a minimum refundable security deposit of $300, with deposits accepted up to $5,000.