Five Investment Benefits of a U.S. Bank Visa Card

For most people, carrying a credit card is simply a way to have spending power on the go without having to carry cash. But there is more to love about a credit card than just the ability to navigate in the world without a wallet full of bills. In fact, when used correctly, some credit cards, such as the U.S. Bank Visa card, can actually provide investment benefits as well. In this post, learn about five key investment benefits of the U.S. Bank Visa card.

Benefit #1: Pay no interest on balance transfers for the first 9 months.
One popular reason for opening a new line of credit is to get a fresh start to begin the process of repaying debt. The U.S. Bank Visa card offers the option of transferring in outstanding balances from other cards during your first 9 months and paying zero interest on those balances.

This valuable perk gives you some grace to pay off that debt without paying interest too – improving your credit score and helping you invest in your future.

Benefit #2: Earn cash back – without limits.
The U.S. Bank Visa card is a great investment-oriented card because of its strong cash back incentive program. For example, each quarter you can choose two categories of purchases and earn 5 percent cash back on all purchases in both categories. You can also choose an additional category and earn 2 percent cash back on all purchases made in that category quarterly. You will automatically earn 1 percent cash back on all purchases that do not fit into those three categories.

So let’s say you charge $2,500 in the first three months of card use. $1,000 of that earns 5 percent, $1,000 of that earns 2 percent and the remaining $500 earns 1 percent. So you have just made money by using your card – a total of $75 you can invest or spend or save as you like!

Benefit #3: Redeem cash back at any time – without limits.
There are no waiting periods or minimum balance requirements for redeeming the cash back that you are earning by shopping with your U.S. Bank Visa card. You can redeem your cash back rewards at any time in any amount.

So if you find you need a little extra cash for an unexpected expense or a great investment opportunity comes along and you want to buy in, you can use that cash to participate.

Benefit #4: No annual fee.
Many credit cards with similar perks will charge annual fees as high as $75+. The U.S. Bank Visa card charges no annual fee for the perks you get. So that is like having an extra $75 to save or invest!

Benefit #5: Access to a wide range of money saving discounts and free services.
A big part of investing towards the future is controlling expenses in the present. With the U.S. Bank Visa card, you get discounts on everything from travel to holiday gifts, along with free concierge services to save you time. The more you save, the more you have to invest for trips, retirement planning, college, a new home and other needs and wants.

You can also get discounts on additional valuable protective services such as travel accident insurance, lost luggage insurance and roadside assistance if you need it. Finally, you can use U.S. Bank’s online tools, such as the debt payoff calculator, credit wellness check and online account management system to monitor your finances and ensure you are meeting your own savings and investment goals.

By shifting your mindset about your U.S. Bank Visa card from one of pure spending power to one that includes investing power as well, you can get the most out of all the perks this card offers and also manage your finances towards your future well-being.