Bank of America® Unlimited Cash Rewards Credit Card
vs. U.S. Bank Cash+® Visa Signature® Card

Both the Bank of America® Unlimited Cash Rewards Credit Card and the U.S. Bank Cash+® Visa Signature® Card offer enticing cash back rewards and no annual fee, making them strong contenders if you’re seeking to maximize returns on your spending. While the U.S. Bank Cash+ card edges out slightly with a higher cash back potential in selected categories, the BofA Unlimited Cash offers a consistent cash back rate on all purchases, which may be more straightforward.

Considering the U.S. Bank Cash+ card's potential for higher cash back, it may be the better option if you can navigate its rewards structure effectively. But the simplicity and reliability of the BofA Unlimited Cash’s cash back on every purchase should not be overlooked.

You might prefer the BofA Unlimited Cash if you value simplicity in your rewards program. With a flat 1.5% cash back on all purchases and no annual fee, it's a straightforward choice for consistent earning without the need to track spending categories.

You might prefer the U.S. Bank Cash+ if you're proactive about maximizing your rewards. With the ability to earn up to 5% cash back in categories you choose and 2% on an everyday category, this card can yield high returns if you're willing to manage your spending strategically.

Evaluating features like APRs, fees, credit requirements, rewards and introductory offers will clarify which card is for you. For instance, if you prefer simple rewards, the BofA Unlimited Cash's flat rate might appeal to you, whereas the U.S. Bank Cash+ could be more lucrative if you maximize its bonus categories.

The U.S. Bank Cash+ card edges out the BofA Unlimited Cash in earning potential. With the ability to earn 5% cash back in two categories of your choice and 2% back in one everyday category, it caters to those who prefer to tailor their rewards to their spending habits.

The BofA Unlimited Cash, while not as lucrative in specific categories, offers a straightforward 1.5% cash back on all purchases, making it a hassle-free option if you value simplicity over maximizing rewards in specific categories.

U.S. Bank Cash+ Categories

For the U.S. Bank Cash+ card, the 5% cash back applies to the first $2,000 in combined eligible purchases each quarter in your chosen categories. The categories include:

• TV, internet, and streaming services
• Home utilities
• Cell phone providers
• Department stores
• Electronic stores
• Fast food
• Ground transportation
• Gyms/fitness centers
• Movie theaters
• Select clothing stores

Additionally, you can select one everyday category, such as gas stations or grocery stores, to earn 2% cash back. This flexibility can lead to significant rewards if your spending aligns with the categories offered.

The table of bonus categories helps you compare the rewards programs of both cards at a glance.

The Bofa Unlimited Cash allows for redemption through direct deposit, credit to eligible Merrill accounts, or as a statement credit, with no expiration as long as the account is active. By contrast, the U.S. Bank Cash+ requires at least $25 in cash back to redeem and limits redemptions to a statement credit or direct deposit into a U.S. Bank account, with the caveat that rewards expire after 36 months.

MoneyGeek evaluates credit cards like the BofA Unlimited Cash and U.S. Bank Cash+ using a ranking process tailored to various use cases. This approach ensures that the score reflects the card's performance in the scenario where it provides the most value.

For cash back cards, the primary factors we consider are the effective reward rate and the return on investment for offers. These elements — along with annual fees, introductory purchase rates and issuer satisfaction — contribute to a card's overall score. For a detailed understanding of our process, you can review our ranking methodology.