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.

This article contains affiliate links. If you apply through our links, we may earn a commission at no cost to you, which helps us continue sharing points and miles strategies with the community.

Add The Points Party as a preferred source on Google