Did you know that one of the best ways to improve your credit score is by using a secured credit card? And with the U.S. Bank Cash+® Visa® Secured Credit Card, you can do much more than that. The card has no annual fee, provides 1% – 5% cash back on selected purchases, and is available for applicants with a bad score history. 

Don’t let the mistakes of the past get in the way of your financial future. With this product, you’ll enjoy the purchasing power of a Visa card everywhere you go. By using the card responsibly, you’ll notice an increase in your score within months. Read on our full review to learn more about this product!

The U.S. Bank Cash+ card requires a security deposit between $300 and $5,000. That deposit is refundable and will remain in a savings account accruing interests for as long as your account is active and in good standing. Your credit card limit is the same amount as said security deposit. 

You can use your card anywhere in the world where Visa is accepted. There is a 5% cash back reward after spending $2,000 in combined purchases on two different categories. Not only that, but you also get 2% back on daily purchases like gas and groceries, and 1% back on all eligible purchases. You can redeem your earnings in statement credits, direct deposit or a U.S. Bank rewards card. 

To help you repair your credit score, U.S. Bank reports all monthly payments to Equifax, Experian and TransUnion – the three major credit bureaus. By spending responsibly and paying your credit card bill when it’s due, the bank will automatically upgrade your card to the U.S. Bank Cash+® Visa Signature® Card. Upon upgrading the card, your security deposit is refunded to you. 

The Cash+® Visa® Secured Credit Card is a great tool for people looking to rebuild or repair their credit scores. However, it can also be a powerful ally in reorganizing your finances and improving your spending habits. Even though there are many benefits to acquiring this card, you should know all the pros and cons before applying to it. See what they are below. 

Since this is a secured credit card that requires a security deposit for activation, people with a credit score ranging from 300 to 639 are welcome to apply. However, you will have to open an U.S. Bank savings account upon request.

If you need a product that will assist you on your journey to repair and rebuild your damaged score history, the U.S. Bank Cash+® Visa® Secured Credit Card is the perfect choice for you. 

If you want to take the first step towards a better financial future, this credit card can help you get there. With no fees and cash back rewards, you’ll be able to improve your credit score in no time. To learn more about its easy application process, follow the link below!