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Up to 4% Back Everywhere: US Bank's Smartly Card | Card Talk Ep10 | 12-19-24
Dec 19, 2024
Discover the ins and outs of the U.S. Bank Smartly Visa Signature card, which boasts no annual fee and the potential for up to 4% cashback. Learn how linking a Smartly Savings account can maximize your earnings. The discussion highlights the card's advantages compared to Bank of America and dives into investment options, fees, and strategies for making the most of your rewards. Get insights on navigating international fees and practical tips for effective card management.
18:23
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Quick takeaways
- The U.S. Bank Smartly Visa Signature card offers a competitive 4% cash back with specific deposit thresholds in a Smartly Savings account.
- While appealing for domestic spenders, the card's 3% foreign transaction fee makes it less suitable for frequent international travelers.
Deep dives
U.S. Bank Smartly Card Overview
The U.S. Bank Smartly Visa Signature card features no annual fee but does include a 3% foreign transaction fee, making it less suitable for those who frequently travel abroad. It offers a base earning of 2% cash back on all purchases, which can be enhanced significantly. By maintaining a Smartly Savings account with specific deposit thresholds, users can earn increased rewards: 2.5% back for deposits between $5,000 and $49,999, 3% for $50,000 to $99,999, and 4% for deposits of $100,000 or more. This competitive structure makes it appealing compared to other cards that might offer similar or lower rewards for general spending.
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