US Bank Cash+ Payoff Calculator, APR & Interest

Card data, May 2, 2026

• Issuer: U.S. Bank
• APR: 18.74-29.74% variable
• Annual fee: $0
• Rewards:
  • 5% cashback on TWO chosen categories (combined cap $2,000 per quarter; over the cap, 1%)
  • 2% cashback on ONE chosen everyday category (no cap)
  • 1% cashback on everything else
  • Available 5% categories include: TV/internet/streaming, cell phone providers, fast food, electronics stores, department stores, sporting goods, ground transportation, select clothing, gyms/fitness centers, more
  • Available 2% categories: gas stations, grocery stores, restaurants
• Foreign transaction fee: 3%

Source: U.S. Bank Cash+ terms, verified 2026-05-02.

TL;DR

The Cash+ is the most flexible category-rewards no-fee card on the market. Users with predictable spending in the eligible 5% categories can achieve 4-5% blended rewards rate.

For revolvers:

• $3,500 balance at 22% APR (mid-low end), $200/mo: 21 months, $720 interest
• 5% on $1,000/mo of new spending in chosen categories (within cap): up to $1,050 in rewards over 21 months
• 1% on remaining new spending: $200 over 21 months
• Total rewards: ~$1,250
• New-purchase interest at 22%: ~$130 over 21 months
• Net rewards: ~$1,120

The 5% cap structure makes Cash+ unusually friendly for revolvers IF you maximize the 5% categories. But the basic carry-balance math still says paying down the balance faster wins.

Math worked example

$3,500 balance at 22% APR, $200/mo payment:

• 21 months to payoff
• $720 interest
• Total cost: $4,220 (no annual fee)

Same balance at the calculator’s recommendation (paying off in 12 months at $325/mo):

• 12 months, $400 interest
• Total cost: $3,900

Trading the slow-payoff path for fast-payoff: saves $320 in interest. Worth more than 5% cashback on the same monthly capacity.

Run your specific Cash+ numbers

The pillar tool accepts the U.S. Bank Cash+ APR.

How to maximize the 5% categories

The Cash+ caps combined 5% earnings at $2,000/quarter ($100 cashback per quarter at 5%). Spending above the cap earns 1%.

To hit the cap, choose categories that match your highest-volume discretionary spend. Common high-volume picks:

• Streaming services (TV/internet/streaming category)
• Cell phone bill (cell phone providers category)
• Department stores (electronics or department)

The cap resets quarterly; you can change category choices each quarter.

Cash+ vs Discover it (rotating 5%)

Both offer 5% bonus categories. Cash+ lets you pick (predictable). Discover it rotates (forced flexibility). Different fits for different spending styles.

Avalanche priority

Cash+ APR (18.74-29.74%) starts on the lower end. If your specific APR is 18.74-19% (best end), it is below most premium cards. Whether it is your avalanche priority depends on your other cards.

Balance transfer considerations

The Cash+ sometimes runs 0% APR balance transfer promos for new applicants. The dedicated U.S. Bank Visa Platinum offers a longer 0% promo (20 months); see Best balance transfer cards 2026.

When Cash+ is the right card

For users with predictable spending in the eligible 5% categories ($1,500-2,000/quarter combined), Cash+ is among the highest-rewards no-fee cards available.

For users with spending that doesn’t fit the eligible categories, a flat 2% card (Active Cash, Double Cash) typically wins.

Should you keep Cash+ during payoff?

Yes. No annual fee, no cost to keeping open. Pause new spending during payoff if you can.

Other category cards

• Bank of America Customized Cash payoff calculator
• Discover it payoff calculator

Other no-fee cards

• Wells Fargo Active Cash payoff calculator
• Citi Double Cash payoff calculator

Related

• Credit card payoff calculator (home) , pillar tool
• Credit card payoff by card type , full hub
• Best balance transfer cards 2026 , U.S. Bank Visa Platinum (longer 0% promo) is on the list

Frequently asked questions

What is the APR on U.S. Bank Cash+?

18.74-29.74% variable as of May 2, 2026.

Does Cash+ have an annual fee?

No, $0.

What 5% categories can I pick?

Available categories include: TV/internet/streaming services, cell phone providers, fast food, electronics stores, department stores, sporting goods, ground transportation, gyms/fitness centers, select clothing stores, home utilities, ground transportation, movie theaters, and more. The list updates periodically.

How often can I change my chosen categories?

Each calendar quarter. You set your two 5% categories and one 2% category at the start of each quarter.

What is the spending cap on 5% earnings?

Combined cap of $2,000 per quarter across the two 5% categories. Spending above the cap earns 1%.

Are there foreign transaction fees?

Yes, 3%. Cash+ is not optimized for international travel.

Are there 0% APR balance transfers on Cash+?

Sometimes for new applicants. The U.S. Bank Visa Platinum offers a longer dedicated 0% transfer promo (20 months).

What credit score do I need for Cash+?

Typically 700+ FICO.

Should I close Cash+ after paying off the balance?

Generally no. No annual fee.

Is Cash+ better than Discover it for rotating categories?

Cash+ lets you pick (predictable). Discover it rotates (you must adapt). For users who can plan around their categories, Cash+ usually wins on consistency.