U.S. Bank Cash+ Secured Visa Card review

Cash+ Secured lets you point the highest rewards rate at bills you already pay. Each quarter you choose two 5% categories from a list that includes home utilities, cell phone, TV, internet and streaming, fast food and department stores, earning 5% on the first $2,000 in combined eligible purchases, plus one 2% everyday category such as gas stations and EV charging, grocery stores or restaurants. Everything else earns 1%, and prepaid air, hotel and car bookings in the U.S. Bank Travel Center earn 5%. There is no annual fee. The credit limit equals your refundable deposit of $300 to $5,000, held in a U.S. Bank secured savings account, and card status is reported to the three major credit bureaus. Eligible cardholders may automatically graduate to the Cash+ Visa Signature card and get the deposit back. The card rewards effort: if you forget to choose and activate categories, you earn 1%, and the $300 minimum deposit is higher than Discover's or Capital One's.

Who it is for

planners who will pick cash back categories every quarter

Price

$0 annual fee; deposit from $300 to $5,000.

without paying an annual fee
Quoted from the vendor pricing page on November 11, 2026.

Key features

• 5% cash back on the first $2,000 in combined eligible purchases each quarter in two categories you choose
• 2% cash back on one everyday category such as gas stations, EV charging, grocery stores or restaurants
• 5% on prepaid air, hotel and car reservations booked in the U.S. Bank Travel Center
• Security deposit of $300 to $5,000 sets the credit limit
• Eligible cardholders may automatically graduate to the Cash+ Visa Signature card

Strengths and weaknesses

• Strength: Category choices include utilities, cell phone, and TV, internet and streaming
• Strength: Deposit returned on graduation
• Strength: Zero fraud liability on lost or stolen cards
• Weakness: Categories must be chosen and activated each quarter or purchases earn 1%
• Weakness: $300 minimum deposit
• Weakness: 5% cap of $2,000 in combined purchases per quarter

Key facts

• Annual fee: $0
• Deposit: $300 to $5,000
• Top rate: 5% on two chosen categories, first $2,000 combined each quarter
• Everyday rate: 2% on one chosen category
• Upgrade path: Automatic graduation for eligible cardholders

Where it ranks

U.S. Bank Cash+ Secured Visa Card is No. 6 in our Best Secured Credit Cards verdict.