$0
Annual fee
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Card reviewUS Bank
Updated Aug 14, 2026 · research
US BankU.S. Bank Smartly™ Visa Signature® Card program
U.S. Bank Smartly™ Visa Signature® Card
A $0-annual-fee Visa Signature card earning 2 points per $1 on eligible net purchases, with relationship-based bonus tiers up to 4 points per $1 and a 0% intro APR for 12 billing cycles.
Mid TierPersonal
Visa
Credit profile: good$0
Annual fee
4x pts eligible net purchases
Top rate
N/A
Foreign fee
N/A
Rating
Earning Rates
Eligible net purchases
4xpoints
Total earn with a U.S. Bank Smartly Savings account and qualifying balance in Smartly Checking and/or Safe Debit: 2.5 points per $1 with $10,000–$49,999.99; 3 points per $1 with $50,000–$99,999.99; or 4 points per $1 with $100,000+ qualifying balance. The Smartly Earning Bonus does not apply to education/school, gift cards, insurance, tax, specified business-to-business purchases, or third-party bill-payment services; purchases above the cap earn the 2-point base rate.
Eligible net purchases
2xpoints
Base earn on eligible Net Purchases; no caps.
Pros & Cons
Pros
- Unlimited 2% cash back on all purchases with no category restrictions or spending caps at the base level
- Potential to earn up to 4% total cash back for existing U.S. Bank customers with large deposit balances
- No annual fee, keeping the card cost-free for cardholders
- No foreign transaction fees, making it usable abroad without extra charges
- Simple flat-rate earning structure that requires no category tracking at the base level
Cons
- The bonus cash back rates above 2% require maintaining significant U.S. Bank deposit balances, starting at $10,000
- Bonus cash back on elevated tiers is capped at the first $10,000 in net purchases per billing cycle
- The highest 4% rate requires both large qualifying balances ($100,000+) and redemption into a U.S. Bank deposit account
- Limited value for consumers who do not bank with U.S. Bank or are unwilling to consolidate assets there
- No bonus categories for high-spend areas like dining, groceries, or travel that many competing cards offer
Key Takeaways
- Base rate is a competitive unlimited 2% cash back on all purchases with no annual fee
- Bonus rates of 2.5%, 3%, or 4% are unlocked by pairing the card with qualifying U.S. Bank deposit accounts
- The 4% maximum rate is capped at $10,000 in net purchases per billing cycle and requires deposit account redemption
- No foreign transaction fees make the card suitable for international use
- The card rewards customers who consolidate banking with U.S. Bank, but offers less differentiation for non-U.S. Bank customers
Fees
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 |
APR Information
- Purchase APR
- 18.24% - 28.24%0% intro APR for 12 months
- Balance Transfer APR
- 18.24% - 28.24%0% intro APR for 12 months
APRs shown are variable and may change based on the Prime Rate. Your actual APR will be determined based on your creditworthiness.
Card Benefits
1 benefits
Statement Credits
Coverage Tier Legend
Best in ClassIndustry-leading coverage
StrongAbove average
StandardTypical coverage
LimitedBelow average
Frequently Asked Questions
What is the base cash back rate on the U.S. Bank Smartly™ Visa Signature® Card?
The card earns an unlimited 2% cash back on every purchase with no caps or category restrictions. This base rate applies regardless of whether you hold any other U.S. Bank accounts.
How do I qualify for the higher cash back rates?
To earn bonus cash back above the base 2%, you must hold a U.S. Bank Smartly® Savings account and maintain qualifying combined balances in a U.S. Bank Smartly® Checking and/or Safe Debit account. The bonus tier is determined by your combined qualifying balance: $10,000–$49,999 earns a total of 2.5%, $50,000–$99,999 earns 3%, and $100,000 or more earns 4%.
Is there a cap on how much cash back I can earn at the bonus rate?
Yes. The bonus cash back rate applies only to the first $10,000 in eligible net purchases per billing cycle. Purchases beyond that threshold earn the standard unlimited 2% base rate.
Does the card have an annual fee?
No, the U.S. Bank Smartly™ Visa Signature® Card has no annual fee. There is also no first-year waiver because the fee is $0 permanently.
Are there foreign transaction fees?
No. The card charges no foreign transaction fees, so you can use it for purchases outside the United States without incurring additional charges.
How do I earn the maximum 4% cash back rate?
To reach the 4% total rate, you need a U.S. Bank Smartly® Savings account, qualifying combined balances of $100,000 or more in a U.S. Bank Smartly® Checking and/or Safe Debit account, and you must redeem your rewards into an eligible U.S. Bank deposit account. The 4% rate applies to the first $10,000 in eligible net purchases per billing cycle.
What redemption method is required to get the highest cash back rate?
The highest cash back rates are obtained when rewards are redeemed into an eligible U.S. Bank deposit account. Redeeming in other ways may result in a lower effective rate.
What credit score is typically required for this card?
The U.S. Bank Smartly™ Visa Signature® Card generally requires good credit for approval. Applicants with a solid credit history are most likely to qualify.
Does this card earn rewards on all purchase categories?
Yes. The base 2% cash back applies to all purchases with no category exclusions. The bonus tiers also apply to all eligible net purchases up to the monthly cap.
Do I need to be an existing U.S. Bank customer to apply?
You do not need to be an existing customer to apply for the card. However, to access the bonus cash back tiers, you will need to open and maintain a U.S. Bank Smartly® Savings account and a qualifying U.S. Bank Smartly® Checking or Safe Debit account.
About This Card
This card is best for existing U.S. Bank customers who already hold or are willing to maintain substantial deposit balances and want to maximize flat-rate cash back without paying an annual fee. It also suits everyday spenders who prefer a simple, no-fuss rewards structure over rotating categories.
The U.S. Bank Smartly™ Visa Signature® Card earns 2 points per $1 spent in eligible net purchases, redeemable as cash back, with potential Smartly Earning Bonus tiers up to 4 points per $1 on the first $10,000 in eligible net purchases per billing cycle when account relationship requirements are met. It has a $0 annual fee and a 0% introductory APR on purchases and qualifying balance transfers for 12 billing cycles.
Unlike most flat-rate cash back cards that are capped at 2%, this card offers a path to 4% back on everyday spending for U.S. Bank customers with substantial deposits, without charging an annual fee.
Ready to Decide?
Apply for the U.S. Bank Smartly™ Visa Signature® Card
Current offer available with no annual fee.
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