The U.S. Bank Cash+ Visa Secured Card is an excellent choice for individuals looking to build or improve their credit while earning cash back rewards. With a minimum security deposit of $300, this card allows users to earn 5% cash back on their first $2,000 in combined eligible purchases each quarter, in two categories of their choice, along with 2% cash back on one everyday category and 1% on all other purchases. Although there is no welcome bonus and a relatively high regular APR of 29.24%, the card has no annual fee, making it cost-effective. Users can benefit from features like flexible payment dates, zero fraud liability, and autopay options, which help foster responsible financial habits. After 12 months of on-time payments, cardholders may qualify for an upgrade to an unsecured credit card, returning their security deposit. Overall, this card is a strong contender for those aiming to enhance their credit score while enjoying generous rewards.
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