US Bank Smartly Credit Card Review: 4% Cashback on Everything! (Coming Soon) – US Credit Card Guide

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Benefits

1. 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.
2. 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

1. 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.
2. We are not sure yet how much is the annual fee.
3. We are not sure yet how much is the welcome offer.
4. We are not sure yet when it will become available.

Recommended Application Time

1. 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.

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