Our experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.
The information for the following product(s) has been collected independently by Business Insider: U.S. Bank Shopper Cash Rewards™ Visa Signature® Card, U.S. Bank Altitude® Go Visa Signature® Card, U.S. Bank Cash+® Visa Signature® Card, U.S. Bank Altitude® Connect Visa Signature® Card, U.S. Bank Visa® Platinum Card, U.S. Bank Altitude® Reserve Visa Infinite® Card, U.S. Bank FlexPerks® Gold American Express® Card, U.S. Bank Altitude® Go Visa® Secured Card, U.S. Bank Cash+® Visa® Secured Card, U.S. Bank Cash+® Visa® Secured Card, U.S. Bank Business Triple Cash Rewards World Elite Mastercard®. The details for these products have not been reviewed or provided by the issuer.
Compare U.S. Bank personal bank accounts
Editor’s rating
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0.01% to 4.50% (varies by location)
U.S. Bank: Overall Bank Rating
U.S. Bank Pros and Cons
About U.S. Bank
U.S. Bank has more than 2,200 branches across 26 states. Branch locations are available in:
- Arizona
- Arkansas
- California
- Colorado
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Minnesota
- Missouri
- Montana
- Nebraska
- Nevada
- New Mexico
- North Carolina
- North Dakota
- Ohio
- Oregon
- South Dakota
- Tennessee
- Utah
- Washington
- Wisconsin
- Wyoming
The bank offers 4,500 U.S. Bank ATMs throughout the United States. It’s also part of the MoneyPass ATM Network, which provides access to over 37,000 ATMs.
If you have questions about bank products or services, visit the FAQ page on the bank’s website. Customer service representatives are also available over the phone 24/7.
The bank’s mobile app received 4.7 out of 5 stars in the Google Play Store. In the Apple Store, it has 4.8 out of 5 stars.
U.S. Bank is FDIC insured. Up to $250,000 is protected in an individual account, and $500,000 is secure in a joint bank account.
Is U.S. Bank Trustworthy?
The Better Business Bureau rates businesses on how they handle customer issues and whether they have transparent business practices. The BBB gave U.S. Bank an A- rating because of government action taken against the bank.
A good BBB rating doesn’t necessarily mean that your relationship with a business will be perfect. If you have friends or family that have used U.S. Bank, chat with them about their perspectives. Online customer reviews are another option.
U.S. Bank has been involved in a few public controversies.
In 2022, U.S. Bank paid $37.5 million in a settlement with the Consumer Financial Protection Bureau. The CFPB accused the bank of obtaining customers’ credit reports and opening checking accounts, savings accounts, credit cards, and lines of credit without their knowledge.
In 2020, U.S. Bank, Nationstar Mortgage, and PNC Bank paid $74 million in an agreement with the Department of Justice. According to the press release, the Department of Justice said the three mortgage services didn’t follow bankruptcy regulations and had service errors that impacted borrowers.
U.S. Bank FAQs
U.S. Bank is a large bank with branches in 26 U.S. states and employees in 13 countries. It is insured by the FDIC, and offers a well-reviewed mobile app. U.S. Bank is owned by U.S. Bancorp and headquartered in Minneapolis, Minnesota.
Yes, U.S. Bank is a safe bank, because it is federally insured by the FDIC. This means your money is safe even in the rare event a bank shuts down. Up to $250,000 is secured in a U.S. Bank savings, checking, CD, or money market account.
U.S. Bank has branches in 26 states: Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin, and Wyoming.
U.S. Bancorp owns U.S. Bank. U.S. Bancorp is a publicly traded company that is not affiliated with the U.S. government.
Yes, Union Bank is now U.S. Bank. The transition started in December 2022, and different types of accounts — such as bank accounts, mortgages, and credit cards — gradually switched over to U.S. Bank throughout 2023.
U.S. Bank Personal Bank Accounts
U.S. Bank Standard Savings Account
U.S. Bank Standard Savings Account
Fees
$4 monthly service fee
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$25
Bonus
up to $200 (earn up to $800 total if you qualify for both Smartly Checking and Standard Savings account offers)
- $25 minimum opening deposit
- You may qualify to waive the monthly fee
- Low APY
- $4 monthly service fee
Insider’s Take
U.S. Bank is included in our best national banks guide as the best national bank in the Midwest and West. It’s a good choice if you want a brick-and-mortar bank with 24/7 live support. It also has a variety of credit card and lending options, and you can earn significant welcome bonuses when you open checking and savings accounts.
Product Details
- Earn up to $200 with a new Standard Savings account.
- -Make new money deposit(s) totaling $25,000 by January 31, 2024
- -Maintain that balance until July 31, 2024
- Earn an additional $100 by fulfilling both the Bank Smartly Checking and Standard Savings requirements!
- Over 2,200 branches in 26 US states
- Free access to around 4,500 ATMs
- Waive $4 monthly service fee by maintaining a $300 daily balance, OR average $1,000 monthly balance, OR being under age 18
- Interest compounded daily, paid monthly
- FDIC insured
The U.S. Bank Standard Savings Account is the only U.S. Bank savings account offered and could be a decent option if you can waive the $4 monthly service fee.
See Insider’s U.S. Bank Savings account review.
U.S. Bank Smartly® Checking
U.S. Bank Smartly® Checking
Fees
$6.95 monthly service fee
Annual Percentage Yield (APY)
See site for details
Minimum Deposit Amount
$25
Bonus
up to $500 (earn up to $800 total if you qualify for both Smartly Checking and Standard Savings account offers)
- Low minimum opening deposit
- Several ways to waive monthly service fee
- Large ATM network
- No fee overdraft protection transfers from a linked deposit account
- $50 overdrawn Available Balance safety threshold and Overdraft Fee Forgiven program
- May enroll in U.S. Bank Smart Rewards® if you meet certain requirements
- $6.95 monthly service fee
- $2.50 out-of-network ATM fee
- $36 overdraft fee
- $12.50 overdraft protection transfer fee for transfers over $50 made from a linked credit account
Insider’s Take
U.S. Bank is included in our best national banks guide as the best national bank in the Midwest and West. It’s a good choice if you want a brick-and-mortar bank with 24/7 live support. It also has a variety of credit card and lending options, and you can earn significant welcome bonuses when you open checking and savings accounts.
Product Details
- Earn up to $800 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through December 29, 2023. Member FDIC.
- Earn up to $500 with a new Bank Smartly Checking account.
- -Complete the following within 90 days of account opening:
- -Enroll in online banking or the U.S. Bank Mobile App
- -Make two or more direct deposit(s) totaling $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500
- Earn up to $200 with a new Standard Savings account.
- -Make new money deposit(s) totaling $25,000 by January 31, 2024
- -Maintain that balance until July 31, 2024
- Earn an additional $100 by fulfilling both the Bank Smartly Checking and Standard Savings requirements!
- Offer may not be available if you live outside of the U.S. Bank footprint.
U.S. Bank Safe Debit account
U.S. Bank Safe Debit account
Fees
$4.95 monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$25
- Low minimum opening deposit
- No overdraft fees
- $4.95 monthly service fee
- $2.50 out-of-network ATM fee
- Can’t overdraw from account
- Paper checks can’t be processed
Product Details
- Access to over 2,200 branches in 26 states
- Part of the MoneyPass ATM network, which has over 37,000 ATMs
- No paper checks with the Safe Debit account
- Member FDIC
U.S. Bank has two checking accounts: the U.S. Bank Safe Debit account and Suncoast Credit Union Smartly Checking Account.
The Suncoast Credit Union Smartly Checking Account will likely be a stronger option if your goal is to open a checking account that lets you waive monthly service fees or want to earn a checking account bonus.But the U.S. Bank Safe Debit account could be worth considering if you want to avoid overdraft fees.
See Insider’s U.S. Bank Personal Checking accounts review.
U.S. Bank Standard CD
U.S. Bank Standard CD
Annual Percentage Yield (APY)
0.05% to 0.25%
Minimum Deposit Amount
$500
- $500 minimum opening deposit
- Variety of terms
- Online banks may pay a higher interest rate
- High-to-standard early withdrawal penalties
Product Details
- Over 2,200 branches in 26 US states
- Free access to around 4,500 ATMs
- Terms range from 1 month to 5 years
- For terms 6 months or less, you have to pay an early withdrawal penalty of $25, plus all the interest that would have been earned on the withdrawn amount for the entire term OR 1% of the withdrawn amount
- For terms between 6 months and 1 year, you’ll have to pay an early withdrawal penalty of $25, plus 50% of the interest that would have been earned on the withdrawn amount for the entire term OR 1% of the withdrawn amount
- For terms longer than 1 year, you’ll have to pay an early withdrawal penalty of $25, plus 50% the interest that would have been earned on the withdrawn amount for the entire term OR 3% of the withdrawn amount
- Interest compounded daily, deposited monthly
- FDIC insured
U.S. Bank offers decent CDs, with terms ranging from one month to five years. U.S. Bank CD rates are highest on its CD Specials, which pay 4.00% to 4.80% (Varies by location) APY.
U.S. Bank Elite Money Market Account
U.S. Bank Elite Money Market Account
Fees
$10 monthly service fee
Annual Percentage Yield (APY)
0.01% to 4.50% (varies by location)
Minimum Deposit Amount
$100
- $100 minimum opening deposit
- Check writing included
- Low interest rate
- No debit card included
Insider’s Take
U.S. Bank is included in our best national banks guide as the best national bank in the Midwest and West. It’s a good choice if you want a brick-and-mortar bank with 24/7 live support. It also has a variety of credit card and lending options, and you can earn significant welcome bonuses when you open checking and savings accounts.
Product Details
- Over 2,200 branches in 26 US states
- Free access to around 4,500 ATMs
- To waive the $10 monthly maintenance fee, keep at least $10,000 in your account daily
- Interest compounded daily, deposited monthly
- Member FDIC
The U.S. Bank Elite Money Market Account might be a compelling account if you want a money market account with a low minimum opening deposit.
U.S. Bank Business Checking and Money Market Accounts
Compare U.S. Bank business accounts
Editor’s rating
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U.S. Bank Silver Business Checking Package
U.S. Bank Silver Business Checking Package
Fees
no monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$100
- $100 minimum opening deposit
- No monthly service fees
- Overdraft protection available
- 125 free transactions per month
- May qualify for cash bonus
- $0.50 fee for each transaction that exceeds the 125 monthly limit
- $2.50 out-of-network ATM fee
- $20 incoming domestic wire transfer fee
- $30 outgoing domestic wire transfer fee
- $25 incoming international wire transfer fee
- $50 outgoing international wire transfer fee
- $12.50 fee if you utilize overdraft protection
Product Details
- Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations.
- Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
- Earn your $350.
- – Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
- Earn your $800.
- – Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
- Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for checking account.
- Designed for businesses with limited transaction activity, this package offers a variety of value-added products and services to help save you time and money
- $0 monthly maintenance fee
- 125 free transactions per month, $0.50 fee for each additional transaction
- Member FDIC
U.S. Bank Gold Business Checking Package
U.S. Bank Gold Business Checking Package
Fees
$20 monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$100
- $100 minimum opening deposit
- Possible to waive monthly service fee
- Overdraft protection available
- 100 free cash deposits per statement cycle
- 300 free transactions per month
- May qualify for cash bonus
- $20 monthly service fee
- $0.45 fee for each transaction that exceeds the 300 monthly limit
- $2.50 out-of-network ATM fee
- $20 incoming domestic wire transfer fee
- $30 outgoing domestic wire transfer fee
- $25 incoming international wire transfer fee
- $50 outgoing international wire transfer fee
- $12.50 fee if you utilize overdraft protection
Product Details
- Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations.
- Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
- Earn your $350.
- – Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
- Earn your $800.
- – Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
- Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for checking account.
- If your business has moderate transaction activity, this business checking account package offers more ways to save, helping you manage cash flow
- $20 monthly maintenance fee, waivable
- 300 free transactions per month, $0.45 fee for each additional transaction
- 100 of free cash deposits per statement cycle
- 50% discount on first check order up to $100.
- Free front check image on your monthly checking account statement
- Member FDIC
U.S. Bank Platinum Business Checking Package
U.S. Bank Platinum Business Checking Package
Fees
$30 monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$100
- $100 minimum opening deposit
- Possible to waive monthly service fee
- Overdraft protection available
- 500 free transactions per month
- May qualify for cash bonus
- $30 monthly service fee
- $0.40 fee for each transaction that exceeds the 500 monthly limit
- $2.50 out-of-network ATM fee
- $20 incoming domestic wire transfer fee
- $30 outgoing domestic wire transfer fee
- $25 incoming international wire transfer fee
- $50 outgoing international wire transfer fee
- $12.50 fee if you utilize overdraft protection
Product Details
- Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations.
- Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
- Earn your $350.
- – Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
- Earn your $800.
- – Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
- Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for checking account.
- If your business has excess cash on hand, the Platinum Business Checking Package offers the best rewards with the convenience of consolidated accounts
- $30 monthly maintenance fee, waivable
- 500 free transactions per month, $0.40 fee for each additional transaction
- 50% discount on first check order up to $100
- Free Mobile Check Deposit
- Free front and back check images on your monthly checking account statement
- Member FDIC
U.S. Bank Platinum Business Money Market Account
U.S. Bank Platinum Business Money Market Account
Fees
$15 monthly service fee
Annual Percentage Yield (APY)
0.01% to 4.60%
Minimum Deposit Amount
$100
- Low minimum opening deposit
- Possible to waive monthly service fee
- ATM access
- Low interest rate if you don’t qualify for an introductory bonus rate
- $15 monthly service fee
Insider’s Take
U.S. Bank is included in our best national banks guide as the best national bank in the Midwest and West. It’s a good choice if you want a brick-and-mortar bank with 24/7 live support. It also has a variety of credit card and lending options, and you can earn significant welcome bonuses when you open checking and savings accounts.
Product Details
- Receive a bonus interest rate of 4.50%, with a 4.60% APY from the account opening date when you open a new Platinum Business Money Market Account and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 10, 2024. Member FDIC.
- Complete these steps to earn the offer:
- – Open a new Platinum Business Money Market Account
- – Deposit $25,000 – $2,999,999.99 in new money deposits
- $15 monthly maintenance fee waived with a $10,000 minimum daily ledger balance
- Minimum opening deposit: $100
- FDIC Insurance up to $250,000
- Can be linked to your U.S. Bank business checking account for overdraft protection
- ATM Access
- Free U.S. Bank Internet Banking
- Accrue interest daily and pay interest monthly
- U.S. Bank Visa® Debit Card
U.S. Bank has three types of business checking accounts and three business money market accounts, including the U.S. Bank Platinum Business Money Market Account. The best business checking account option for you will likely depend on how many monthly transactions you need to make each month.
Also, bear in mind the U.S. Bank Silver Business Checking Package is the only option that has no monthly service fee. With the other business checking accounts, you’ll need to meet certain requirements to waive the fee.
See Insider’s U.S. Bank business checking account review here.
U.S. Bank Personal Credit Cards
U.S. Bank personal credit cards
Editor’s rating
$0 intro for the first year, then $95
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Editor’s rating
$0 intro for the first year, then $95
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Learn more
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U.S. Bank Shopper Cash Rewards™ Visa Signature® Card
U.S. Bank Shopper Cash Rewards™ Visa Signature® Card
Annual Fee
$0 intro for the first year, then $95
Regular APR
18.74-28.74% Variable
Recommended Credit
Excellent/Good
- High cash-back earning at popular retailers like Amazon, Target, and Walmart
- Ability to customize rewards depending on your spending habits
- Generous welcome bonus offer
- Annual fee after the first year, foreign transaction fees
- 6% and 3% cash back categories are capped at $1,500 in spending per quarter
- No intro 0% APR offer
Product Details
- The information related to the U.S. Bank Shopper Cash Rewards™ Visa Signature® Card has been collected by Business Insider and has not been reviewed by the issuer.
- $0 intro annual fee for the first year, then $95 a year
- Earn $250 bonus after spending $2,000 in eligible purchases within the first 120 days of account opening
- 6% cash back on your first $1,500 in combined eligible purchases each quarter with two retailers you choose
- 5.5% back on prepaid car and hotel reservations booked through the US Bank Rewards Center
- 3% cash back on your first $1,500 in eligible purchases on your choice of one everyday category (like wholesale clubs, gas and EV charging stations, bills and utilities)
- 1.5% cash back on all other eligible purchases
See Insider’s U.S. Bank Shopper Cash Rewards credit card review.
U.S. Bank Altitude® Go Visa Signature® Card
U.S. Bank Altitude® Go Visa Signature® Card
Intro APR
0% intro APR on purchases and balance transfers for the first 12 billing cycles
Regular APR
18.24% – 29.24% Variable
Recommended Credit
Good to Excellent
- Great earning rate on dining (4x points = 4% back)
- Good welcome bonus for a no-annual-fee card
- Annual streaming credit
- No airline or hotel transfer partners
- Few benefits compared to other rewards credit cards
See Insider’s U.S. Bank Altitude Go Visa Signature Card review.
U.S. Bank Cash+® Visa Signature® Card
U.S. Bank Cash+® Visa Signature® Card
Intro APR
0% intro APR on purchases and balance transfers for the first 15 billing cycles
Regular APR
19.74% – 29.74% Variable
Recommended Credit
Good to Excellent
- Generous cash-back earning and welcome bonus for a no-annual-fee card
- Ability to choose the best 5% and 2% cash-back categories for you
- Introductory APR offer on purchases and balance transfers
- 5% cash-back category is capped at $2,000 in purchases per quarter
- Foreign transaction fees
See Insider’s U.S. Bank Cash Plus Signature card review.
U.S. Bank Altitude® Connect Visa Signature® Card
U.S. Bank Altitude® Connect Visa Signature® Card
Annual Fee
$0 intro for the first year, then $95
Regular APR
21.24% – 29.24% Variable
Recommended Credit
Excellent/Good
- Great earning rate on travel and at gas stations (4x points = 4% back)
- Bonus points on streaming services plus $30 yearly streaming credit can save you money
- Global Entry or TSA PreCheck application fee credit is worth up to $100
- Annual fee after the first year
- No airline or hotel transfer partners
See Insider’s U.S. Bank Altitude Connect card review.
U.S. Bank Visa® Platinum Card
U.S. Bank Visa® Platinum Card
Intro APR
0% intro APR on purchases and balance transfers for 18 billing cycles
Regular APR
18.74% – 29.74% Variable
Recommended Credit
Good to Excellent
- Long intro APR period for balance transfers and purchases
- Cell phone protection
- No rewards
- Balance transfer fee
See Insider’s U.S. Bank Visa Platinum card review.
U.S. Bank Altitude® Reserve Visa Infinite® Card
U.S. Bank Altitude® Reserve Visa Infinite® Card
Regular APR
21.24% – 28.24% Variable
Recommended Credit
Excellent
- Substantial welcome bonus and great earning opportunities, especially with mobile wallets
- $325 annual travel and dining credit can offset most of the $400 annual fee
- Top-notch travel insurance and protections
- You must have an existing relationship with US Bank to be approved
- Limited to a 12-month complimentary Priority Pass membership with only four free visits for cardholder (plus a guest) included
- No airline or hotel transfer partners
Product Details
- The information related to the U.S. Bank Altitude® Reserve Visa Infinite® Card has been collected by Business Insider and has not been reviewed by the issuer.
- Earn 50,000 points worth $750 on travel after spending $4,500 in the first 90 days of account opening
- Earn 5X points on prepaid hotels and car rentals booked directly in the Altitude Rewards
- Earn 3X points for every $1 on eligible travel purchases and mobile wallet
- Earn 1X point per $1 spent on all other eligible net purchases
- Use your mobile device to instantly redeem points for almost any purchase
See Insider’s U.S. Bank Altitude Reserve Visa Infinite Card review.
U.S. Bank FlexPerks® Gold American Express® Card
U.S. Bank FlexPerks® Gold American Express® Card
Regular APR
18.74% – 28.74% variable
Recommended Credit
Excellent
- Points worth 1.5 cents each toward travel
- Statement credit for Global Entry/TSA PreCheck
- Free Boingo Wi-Fi
- $85 annual fee
- Points don’t transfer to airlines and hotels
- Lackluster travel insurances
Product Details
- The information related to the U.S. Bank FlexPerks® Gold American Express® Card has been collected by Business Insider and has not been reviewed by the issuer.
- Annual fee of $85 and no foreign transaction fees(see full terms and conditions).
- Earn 5X on prepaid hotels and car rentals
- Earn 3X on dining, takeout and restaurant delivery
- Earn 2X at airlines, gas stations and EV charging stations
- 1X on all other purchases
- Automatic statement credit reimbursement on the TSA PreCheck® or Global Entry® application fee
See Insider’s U.S. Bank FlexPerks Gold American Express Card review.
U.S. Bank Altitude® Go Visa® Secured Card
U.S. Bank Altitude® Go Visa® Secured Card
Regular APR
29.24% Variable
Recommended Credit
New/Rebuilding
- Great earning rates on dining, gas, streaming, and groceries
- Build credit with responsible use over time and you may be able to automatically graduate to a non-secured card
- Annual streaming credit
- Requires a security deposit ($300 minimum)
- No welcome bonus
Product Details
- The information related to the U.S. Bank Altitude® Go Visa® Secured Card has been collected by Business Insider and has not been reviewed by the issuer.
- Earn 4X points on dining, takeout and restaurant delivery
- Earn 2X points at grocery stores, grocery delivery, streaming services, gas stations and EV charging stations
- Earn 1X point on all other eligible purchases
- Earn $15 streaming credit for annual streaming service purchases like Netflix and Spotify®
U.S. Bank Cash+® Visa® Secured Card
U.S. Bank Cash+® Visa® Secured Card
Regular APR
29.24% Variable
Recommended Credit
New/Rebuilding
- Great cash-back earning rates with the ability to choose your own 5% categories
- Build credit with responsible use over time and you may be able to automatically graduate to a non-secured card
- No annual fee
- Requires a security deposit ($300 minimum)
- 5% cash back categories capped at $2,000 in combined spending per quarter
- No welcome bonus
Product Details
- The information related to the U.S. Bank Cash+® Visa® Secured Card has been collected by Business Insider and has not been reviewed by the issuer.
- Earn 5% cash back on your first $2,000 in combined eligible purchases each quarter in two categories you choose
- Earn 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Center
- Earn 2% cash back on eligible purchases in your choice of one everyday category (like gas stations and EV charging stations, grocery stores and restaurants)
- Earn 1% cash back on all other eligible purchases
- Option to choose your payment due date
- Select to set up Autopay
- $0 annual fee
U.S. Bank has a variety of credit cards, including secured credit cards, rewards credit cards, and travel credit cards. In addition to the credit cards listed, U.S. Bank has a Secured Visa Card.
U.S. Bank Business Credit Cards
U.S. Bank business credit cards
Editor’s rating
Editor’s rating
$0 intro for 12 months, then $95
Editor’s rating
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
Intro APR
0% intro APR on purchases and balance transfers for 15 billing cycles
Regular APR
19.24% – 28.24% Variable
Recommended Credit
Excellent/Good
- Strong welcome bonus and bonus categories for a no-annual-fee card
- Introductory 0% APR on both purchases and balance transfers for 15 billing cycles
- World Elite Mastercard benefits including cell phone protection
- Foreign transaction fees
- Relatively high minimum spending requirement to unlock bonus
- Authorized user purchases don’t count toward minimum spending requirement
U.S. Bank Business Leverage® Visa Signature® Card
U.S. Bank Business Leverage® Visa Signature® Card
Annual Fee
$0 intro for 12 months, then $95
Regular APR
21.24% – 26.24% Variable
Recommended Credit
Good to Excellent
- Large sign-up bonus
- Simple points earning/redeeming structure
- 5% back on prepaid hotels and rental cars booked through Travel Rewards Center
- Relatively few ongoing benefits
- Modest return rates
- $95 annual fee
U.S. Bank Business Platinum Card
U.S. Bank Business Platinum Card
Intro APR
0% intro APR on purchases and balance transfers for the first 18 billing cycles
Regular APR
16.24% – 25.24% Variable
Recommended Credit
Good to Excellent
- Extra-long 0% introductory APR on purchases and balance transfers
- No annual fee
- No rewards or welcome bonus
- Few benefits compared to other small-business cards
- Foreign transaction fees
Insider’s Take
While it doesn’t earn rewards or come with a welcome bonus, the U.S. Bank Business Platinum Card might be just what your business needs if you don’t want to get hit with big interest charges on large purchases you can’t pay off all at once.
U.S. Bank has three business credit cards. The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® and U.S. Bank Business Platinum Card do not charge any annual fees.
See Insider’s U.S. Bank Business Triple Cash Rewards Card review.
U.S. Bank Investing
U.S. Bank Automated Investor
Fees
Annual advisory fee is 0.24% of invested assets
- Tax-loss harvesting to maximize returns
- Automatic portfolio rebalancing
- Human advisor access
- High $1,000 minimum to get started
- Only available to existing US Bank customers
Insider’s Take
US Bank Automated Investing is a strong robo-advisor for personalized ETF portfolios. It’s best for passive investors who are existing US Bank account holders. But the minimum investment is significantly higher than most other automated investing platforms.
U.S. Bank Automated Investor is specifically for existing U.S. Bank customers. This could be a worthwhile option if you have a minimum of $1,000 to invest. In comparison, many of the best robo-advisors have lower minimum opening requirements.
U.S. Bank Auto Loans
U.S. Bank Auto Loan
Regular Annual Percentage Rate (APR)
starts at 8.06% new, 6.69% used, 8.71% refinance
Recommended Credit
Undisclosed
- Competitive rates, particularly on used cars and refinancing
- Variety of term lengths available
- US Bank relationship rate discount
- Can’t buyout your lease
- High minimum loan amount
- Fee for paying off your loan early
Product Details
- Term lengths range from 12 to 72 months
- Minimum income and credit score requirements undisclosed
- Discount of 0.50% for automatic payments from a US Bank checking or savings account
- Minimum loan amount of $5,000, maximum of $100,000
- Prepayment penalty of 1% of the original loan amount, with a $50 minimum and $100 maximum if account is closed within 12 months
- Loans are made by US Bank National Association, Member FDIC
U.S. Bank offers auto loans for new and used vehicles for terms of up to 60 months. You can refinance a car loan if live in one of 26 eligible U.S. states. For the most part, you’ll be able to refinance your loan if you live in a state that has a U.S. Bank branch.
See Insider’s U.S. Bank auto loan review.
U.S. Bank Personal Loans
U.S. Bank Personal Loan
Check rates
Regular APR
8.24% to 21.49%
Loan Amount Range
$1,000 to $50,000 for US Bank customers, up to $25,000 for non-customers
- Competitive APRs
- Low minimum loan amount
- No origination fee or prepayment penalty
- Fast funding
- Autopay discount
- Joint application allowed
- Late fee
- Not available in some states
- Worse terms for borrowers who aren’t customers of US Bank
- No loan preapproval
Product Details
- Get your money within a few hours if you’re a US Bank customer
- 0.50% discount when you autopay from a US Bank account
- Available in Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming
- Loan terms range from 12 to 84 months (maximum 60 months for non-customers)
You might find a U.S. Bank Personal Loan worthwhile if you have a U.S. Bank personal checking account. Checking account customers with credit approval can borrow up to $50,000, while people who aren’t U.S. Bank checking account customers can only borrow up to $25,000.
See Insider’s U.S. Bank personal loans review here.
U.S. Bank Mortgages
U.S. Bank Mortgage
Types of Loans Offered
Conforming, jumbo, FHA, VA, USDA, construction, investment property, American Dream program, Access Home Loan, HELOC, home equity loan
- Receive a VA mortgage with a credit score as low as 600
- Available in all 50 US states
- Receive up to $1,000 toward refinance closing costs if your initial mortgage is with US Bank
- Only has branches with local loan officers in 42 states
- Need to get prequalified to see personalized rates
Product Details
- Offers home loans in all 50 US states and Washington, DC
- Has branches in 26 US states
- Minimum credit score and down payment displayed are for conforming mortgages
U.S. Bank has a variety of home loans, including conforming loans, jumbo loans, FHA loans, VA loans, construction loans, HELOC, and home equity loans. It doesn’t have USDA loans, though.
See Insider’s U.S. Bank mortgage review here.
How U.S. Bank Compares
U.S. Bank vs. Bank of America
Bank of America has 4,200 branches in 37 states while U.S. Bank has over 2,200 branches in 26 states. Bank of America could be a better option if you prefer a large branch network.
You might prefer U.S. Bank if you’re looking for more options for home loans. Bank of America doesn’t have a USDA loan, reverse mortgage, home equity loan, or construction loan.
U.S. Bank vs. Chase
You might lean more toward Chase if you find it appealing to open specialty bank accounts for college students, kids, or teens. Accounts for minors also come with unique features like savings tools or parental monitoring features.
Chase will also be a more compelling choice if you prioritize a large branch network. It has over 4,800 branches, while U.S. Bank has over 2,200 branches. Several Chase checking accounts also have bank account bonuses, too.
Why You Should Trust Us: How We Reviewed U.S. Bank
At Personal Finance Insider, we rate bank products and services using our editorial standards. We use a scale from zero to five stars and review specific features for each product.
For bank accounts, we use a bank account methodology. We review different features for distinct types of bank accounts. For example, we’ll look at early withdrawal penalties and CD variety specifically for CDs. Meanwhile, for checking accounts, we’ll factor in the ATM network size and fees, as well as its overdraft protection options.
We also have methodologies for credit cards, investment platforms, personal loans, auto loans, and mortgages. These products also have different rating categories and features we’ll assess. For example, we’ll review welcome bonuses and rewards rates specifically for credit cards. Meanwhile, we’ll compare term lengths and loan amounts for auto loans.
