As of May 2026, the U.S. Bank Shopper Cash Rewards Visa Signature is offering a $250 statement credit after you spend $2,000 in net purchases within 120 days of account opening. The first-year annual fee is waived, then $95 starting year two. If you concentrate spending at one or two specific retailers, the math here is hard to beat.

Deal Details

  • Welcome bonus: $250 statement credit after $2,000 in net purchases in the first 120 days.
  • 6% cash back: On your choice of two retailers from a list of 24 (including Amazon, Target, Walmart, Best Buy, Apple, Kohl's, and Macy's). Capped at $1,500 in combined eligible purchases across both retailers per quarter.
  • 3% cash back: On one everyday category of your choice from gas and EV charging stations, wholesale clubs, or bills and home utilities. Capped at $1,500 per quarter.
  • 1.5% cash back: On everything else, with no cap.
  • Annual fee: $0 the first year, $95 thereafter.
  • Important: You must enroll your two retailers and your 3% category each quarter, or every purchase earns the base 1.5%.

The $250 bonus represents a 12.5% return on the $2,000 spend requirement. Maxing the bonus categories yields up to $540 a year in rewards before the base rate kicks in.

How to Claim

  1. Apply for the U.S. Bank Shopper Cash Rewards card.
  2. Spend $2,000 in net purchases within 120 days of approval. The statement credit posts after the requirement is met.
  3. Log into your U.S. Bank account and enroll your two 6% retailers and one 3% category each quarter.

Why This Deal Matters

A typical flat-rate cash back card pays 2% on everything. This card pays triple that on the two stores you already shop at most. If your household spends $500 a month between Amazon and Target, that is $360 a year in 6% rewards alone, plus another $180 if you max the 3% category on utilities or a wholesale club. Add the $250 welcome bonus and year-one return tops $750 before the annual fee resets.

The trade-off is the quarterly enrollment step. Miss it and your purchases drop to 1.5%, no better than a basic flat-rate card. Anyone who picks two stores and sets a calendar reminder gets the full value. The offer is currently live as of May 2026 with no public end date announced.

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