4% Cash Back on EVERY Purchase - NEW US Bank Card

[@PrayashLand]

AKA 4% if you’re rich, or else is 2.5% with a $50 annual fee. I’m good lol.

[@benchoflemons398]

It includes brokerage accounts. 100k in life savings ain’t rich brother

[@PrayashLand]

@@benchoflemons398 bitch I’m 22 I have $12000 to my name 💀

[@Anthyoine-qk8fj]

@@benchoflemons398 its just that some people are so poor that even other poor people look rich.

[@luislast6113]

@@benchoflemons398 That's true, but when you consider that "9% of Americans have...$100,000" (2023, Yahoo Finance), it's certainly a minority.

[@Credibility44]

Thanks for giving me the fast version

[@soapa4279]

The sweet spot is just the $5K in the savings account at 2.9%. Not a lot of lost opportunity cost. 2.5% catch-all. My remaining question is if there is any annual fee and does it have FTF. Another option is some people mention the Alliant Visa, you need $1K, electronic statements, and a regular direct deposit. 2.5% with a $10K monthly statement limit. The new US Bank Smartly card is not a super home run no brainer, but let's celebrate having more options!

[@lestatstaton7856]

So its really just the 30th 2% everything card.

[@Thedjsmokeybear]

Noooo, without an annual fee, this card has the potential to be one of the BEST cards in a very long time!

[@DallinBunnell]

$50 Robinhood Gold gets 3% cash back on everything and 5% APY on sayings. I'd consider this if I had more than 100k in my IRA, but I don't rn 😅

[@robertjarrell7276]

You said Bank of America when you meant US Bank at 1:49.

[@poppy87]

Wonder if this will phase out and/or replace the Altitude Go long term, or cause restaurants to go down to 3 percent?

[@reconvene4]

A cool effect would likely be Bank of America making their program more competetive if USB is successful.

[@luislast6113]

@@reconvene4 Are you kidding? USB is very successful. It's even up to v. 3.2!

[@Thedjsmokeybear]

Yeah, excited to see Bank of America will do in response because this a very good offer from US BANK

[@Matador4_]

So having a mortgage loan with them wouldn’t count either?

[@CarlosHidalgo-s7g]

So the card if your approved it automatically gives you 2% on everything and if I open a savings account with $5,000 I get an extra 2.5% so 4.5% back on every purchase on card?

[@nba_fan7214]

No it's an extra 0.5% so the total cash back is 2.5%

[@benchoflemons398]

4% will be a game changer for a lot of people including for MS methods

[@ronako2]

Technically yes, but US Bank is a conservative bank. Just like the Altitude Reserve, I'm sure they will easily shut down people who abuse it.

[@luislast6113]

MS? Multiple Sclerosis?

[@akmaster001]

They charge $50 for their brokerage account per year

[@yovannyvasquez3916]

that’s nothing

[@akmaster001]

@@yovannyvasquez3916 extra 2% cash on this card is nothing too.

[@finbarrsheehan8304]

@@yovannyvasquez3916yeah but NOTHING would definitely be better than “nothing” lmao

[@MrAgility888]

Is there also an expense ratio?

[@juliegreb6859]

I’ve heard if you have the smartly checking and savings and somehow sigh up it waves the fees on the IRA. I will be the beta tester

[@LouThaEnergy]

Probably going to be an annual fee. We’ll see.

[@HockeyJock]

It wouldn’t be competitive against the Citi Double Cash Card if it does.

[@irichine]

4.1% for the savings account is less than Robinhoods 5% so I won’t switch

[@weebly_]

It's less than the free HYSA from amex or discover...

[@disc0ver155]

This is 4% cash back on everything you spend. Not just the money you keep like with Robinhood

[@ICU2002]

I like to know how many people will get the 4.00%

[@luislast6113]

I don't think you get 4% interest. You get 4% cash back. Big difference. Edit: My error. You do get 4% interest on savings. If you have $100k. That you can leave in the bank indefinitely. But you can get at least .5% more elsewhere. That would be $500 annually (on a deposit of $100k). So you would have to charge $12.5k per year to make up the difference in what you would get in interest elsewhere and what you would get in cash back from U.S. Bank. And since most cards will give you 1% cash back, it's actually even more.

[@ICU2002]

@@luislast6113 I didn't say 4% interest.

[@coffhaulic4564]

First! Hmm perhaps something to replace my Citi DC card 🤔

[@dbest4755]

Hi Ben, is this for real? What’s the incentive to use this card over others? A 4% cash back sounds appealing, but it requires parking $100k in US Bank at just 0.01% APY. Seems like a lot of money tied up for minimal returns. It feels like US Bank is primarily focused on benefiting themselves rather than providing genuine value to consumers. How does this card actually serve its users? I’d appreciate some clarity on this! Thanks!

[@TheCreditShifu]

You haven’t watched the whole video have you?

[@dbest4755]

@@TheCreditShifu Ben, u give them u money, I wont...

[@luislast6113]

@@dbest4755 Wait. Wait just a minute. A bank "primarily focused on benefiting themselves?" Is that for real? Is it even possible?

[@naveenthemachine]

Imo this cards DOA. How is it better than having the fidelity rewards or WF active cash or citi double cash all of which offer 2% and dont require jumping hoops?

[@TheCreditShifu]

Because you can get upto 4%. I mean if you are saving for retirement, you gotta put that money somewhere, this could be a good option

[@naveenthemachine]

@@TheCreditShifu I guess but that 100k savings can be put into the market and you get far better returns than in a bank.

[@TheCreditShifu]

@@naveenthemachine did you watch the video? We talk about the options, including US Bank retirement and investment accounts that you can put money into

[@HockeyJock]

Getting 2% on the U.S. Bank card doesn’t require any hoops.

[@HP97user]

​@@TheCreditShifulol, it's like they saw 30 seconds of it and thought it would be a good time to stop and leave several comments instead of maybe watching the whole thing

[@ArgenisBalbuenaCordovaAj]

This is garbage 🗑️