Why Is This Card Considered a Game-Changer?

When it comes to choosing a credit card in the USA, one card stands out remarkably. Here’s why this card is often referred to as a “神卡” (God Card):

1. High Cash Back Rate

While most credit cards offer a standard cash back rate of around 2% across all categories with no limit, this particular card steps it up by providing a whopping 4%! Just think about how much cash back you could see annually, especially if you’re a frequent Costco shopper. With this card alone, your cash back can double, which is undoubtedly a satisfying way to save.

2. Ease of Use

Simplicity is key with this card. It’s designed for seamless usage throughout the United States, eliminating the hassle of figuring out which card to use when. Plus, you can easily issue a supplementary card to a family member, ensuring that there are no more worries about which card to swipe.

What Are the Conditions for 4X Cash Back?

To enjoy the enticing 4X cash back, you need to meet the following criteria:

• Have a U.S. Bank Smartly™ Visa Signature Card.
• Open a U.S. Bank Smartly Savings account. There’s no need to deposit money as the interest rates are low.
• Combined Qualifying Balances > $100K across all U.S. Bank accounts. A smart strategy is to open a Brokerage Account to manage idle cash or stocks intended for long-term holding. Consider investing in SGOV, akin to a Money Market account with a competitive 2024 annual return of 4.59%, or look into Index Fund ETFs like VOO or QQQM if you have stocks.

Once these conditions are met, you can start enjoying 4% cash back by the second business day!

Dealing with U.S. Bank’s External Transfer Limit

One common drawback is U.S. Bank’s low external transfer limit, typically capped at $20K per week. This means accumulating $100K could take up to five weeks, which can be quite tedious. A workaround is to initiate transfers from another account. For example, transferring funds from Fidelity to U.S. Bank can streamline the process significantly.

Is the U.S. Bank Brokerage Account Worth It?

Unfortunately, the U.S. Bank Brokerage Account isn’t the most user-friendly option. It’s advisable to utilize this account for assets that don’t require frequent transactions. Consider using it for your emergency fund by purchasing SGOV or placing your money in an index fund ETF. Buy and hold—avoid unnecessary operations, as the interface can be quite challenging to navigate.

How to Maximize Benefits with This Card

This card should be your default choice—unless you are aware of another card that offers a cash back rate exceeding 4%. However, a word of caution: avoid using this card for overseas transactions as it incurs a Foreign Transaction Fee.

In conclusion, if you’re looking for a credit card that offers high cash back rates, ease of use, and the potential for higher earnings through intelligent financial strategies, this card is a solid choice. 💳✨