US Bank Smartly Credit Card Review: 4% Cashback on Everything! (Coming Soon)
Application Link
Benefits
- Unlimited 2% cash back on every purchase + up to an additional 2% cash back when paired with a US Bank savings account or investment account:
- Earn a total of 2.5% cashback with a qualifying balance of $5,000 – $49,000;
- Earn a total of 3% cashback with a qualifying balance of $50,000 – $99,000;
- Earn a total of 4% cashback with a qualifying balance of $100,000 or more.
- US Bank Smartly Savings currently (2024.9) has an APY 4.10% (if your balance is $25,000 or more), which is quite competitive among savings accounts. US Bank Self-Directed Investing has an annual fee of $50, it has 100 free trades per year, therefore if you just invest in VOO and never trade again then there’s not much cost.
Disadvantages
- We are not sure yet whether the 4% cashback is unlimited, or how much is the limit. According the current wordings on the official page, it seems like unlimited.
- We are not sure yet how much is the annual fee.
- We are not sure yet how much is the welcome offer.
- We are not sure yet when it will become available.
Recommended Application Time
- We recommend you apply for this card after you have a credit history of at least two years and you are very comfortable with the credit card game.
Summary
If the 4% cashback is unlimited, or the limit is huge, then obviously this is a fantastic card for big spenders. There are too many unknowns yet, let’s wait and see. If you are interested, you can join the waitlist now.
After Applying
- To check the application status, you can visit this webpage or call (800) 947-1444. If you see the 7-10 days message, it just means they will do a manual review and the outcome could be either approved or denied.
- US Bank reconsideration line: (800) 947-1444.
Historical Offers Chart
Not available yet.
Application Link
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