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Are you in the market for a new cash back credit card with a generous intro bonus? If so, the U.S. Bank Cash 365 American Express Card, which is brand new to our site, is likely a good fit for you. That’s because this card offers a $150 intro bonus opportunity to cardholders who spend $500 on purchases in the first 90 days of account opening — that’s a 30% bonus! On top of that, this card offers great ongoing cash back rewards, a long 0% intro APR on balance transfers and more. Keep reading to see if the U.S. Bank Cash 365 American Express Card is the right addition to your wallet.

What does the U.S. Bank Cash 365 American Express Card offer?

U.S. Bank Cash 365 American Express Card
  • Get a $150 bonus after spending $500 on purchases in the first 90 days of account opening
  • Earn an unlimited 1.5% cash back on all purchases
  • Get a 12-billing cycle 0% intro APR on any balances transferred within 60 days from account opening (with a 3% balance transfer fee, $5 minimum)
  • Pay no annual fee

In addition to the $150 intro bonus that you can earn when you spend $500 on purchases in the first 90 days, as noted above, you’ll earn an unlimited 1.5% cash back on all purchases. Since you don’t have to worry about rotating categories or spending caps, you can rest easy knowing that all your purchases will earn cash back. Earned rewards can be redeemed in the form of statement credit or a direct deposit into your U.S. Bank savings, checking or money market account, which is a bit limited if you’re not a U.S. Bank customer.

The U.S. Bank Cash 365 American Express Card also offers a 12-billing cycle 0% intro APR on any balance transfers made within the first 60 days of account opening. There is a 3% balance transfer fee (with a $5 minimum), but this one-time fee is likely a lot cheaper than the ongoing interest you’re paying on our current credit card, especially since the Fed increased rates at the end of 2017. Unfortunately, the card has no 0% intro APR on purchases, so that’s something to keep in mind if you plan to make any small or large purchases with it. The U.S. Bank Cash 365 American Express Card also has no annual fee and a number of added perks, including American Express benefits, like extended warranty that’ll double the original manufacturer’s warranty on eligible products purchased with the card, travel accident insurance and more.

Are there any downsides?

Although the U.S. Bank Cash 365 American Express Card is a pretty well-rounded credit card, there are two aspects of the card that most may consider downsides. First, the card offers no 0% intro APR on purchases, which is something you’ll get with a number of comparable cards on the market. Additionally, the 0% intro APR on balance transfers isn’t that long — this probably isn’t an issue if you’re transferring a smaller balance, but if you need some more time to pay off a balance, there’s a better option for you. Chase Freedom Unlimited is worth considering since it offers a 15-month 0% intro APR on both purchases and balance transfers. The balance transfer fee is the similar at 3% intro fee when you transfer a balance during the first 60 days your account is open, $5 minimum (after that, it’s 5% or $5, whichever is greater), and you will be earning the same unlimited 1.5% cash back on all purchases. Rewards earned with this card can be redeemed for a check, gift card, statement credit or travel, and Chase Freedom Unlimited has no annual fee.

Should I apply for the U.S. Bank Cash 365 American Express Card?

The U.S. Bank Cash 365 American Express Card has some strong ongoing rewards and intro bonus. If you don’t mind its lack of a 0% intro APR on purchases, the card is likely a good fit for you. Alternatively, if you’d prefer a 0% intro APR on both purchases and balance transfers, consider one of the other cards noted above.

Visit our U.S. Bank Cash 365 American Express Card review to learn more about the card, and visit our reviews of the best cash back credit cards to see how it compares to other top names on the market.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.