Which credit card earns more cash back overall?
Based on identical spending inputs, you’ll earn $180.00 cash back per year with Truist Enjoy Cash Credit Card and $137.40 with U.S. Bank Cash+ Visa Signature Card. For context, the average annual rewards payout from the cashback credit cards in the investor.com database is $181.73.
The annual rewards payout assumes you charge $1,000 each month spread across the following spending categories: Dining ($145), Entertainment ($134), Gas ($140), Groceries ($198), Travel ($128), Pharmacy ($15), and Other ($240). The dollar amounts for each category are based on consumer spending data collected by the U.S. Bureau of Labor Statistics (i.e., how much the average American spends proportionally across the major credit card rewards categories). But you can — and absolutely should! — customize the inputs based on your actual monthly spending habits, using our rewards calculator.
To ensure the most accurate results possible, the rewards calculations for Truist Enjoy Cash Credit Card and U.S. Bank Cash+ Visa Signature Card incorporate bonus rewards rates, spending caps, default rewards rates and annual fees, where applicable.
Is the Truist Enjoy Cash Credit Card good?
Truist gives you a choice between two just-OK rewards types when you apply. They get 10%-50% better looking, however, if you deposit your cashback earnings into a Truist bank account.
thumb_up Likes
- Choice of two rewards programs at sign-up — 1.5% flat rate, or 3% on gas and 2% on utilities and groceries
- 10%-50% rewards booster option for Truist customers
- Multiple reward redemption options
- 12-month 0% APR on purchases
- No annual fee
- No foreign transaction fee
thumb_down Dislikes
- 3% rate applies to gas... and nothin’ else
- $1,000 monthly spending cap on bonus rewards categories
- Default 1% cashback rate is meh
- The flat-rate rewards option offers just 1.5% cashback
- No sign-up bonus or balance transfer lovin’
- $25 redemption minimum for cashback
- Unredeemed cashback expires after five years
| Category |
Default Rate |
Bonus Rate |
Bonus Spend Cap |
Bonus Spend Period (Months) |
| Gas |
1.50% |
- |
- |
- |
| Travel |
1.50% |
- |
- |
- |
| Dining |
1.50% |
- |
- |
- |
| Entertainment |
1.50% |
- |
- |
- |
| Pharmacy |
1.50% |
- |
- |
- |
| Groceries |
1.50% |
- |
- |
- |
| Other Purchases |
1.50% |
- |
- |
- |
Is the U.S. Bank Cash+ Visa Signature Card good?
Please take your seats. We’re going to need a PowerPoint presentation to walk you through the rules. But the chance to earn 5% cashback on two categories of your choosing can be worth your while.
thumb_up Likes
- Earn 5% cashback on two categories (your choice each quarter!)
- 2% unlimited cashback on one everyday category (also, your choice)
- $200 sign-up bonus
- No annual fee
- 15 months of 0% APR on purchases and balance transfers
- Additional 5% cashback on Rewards Travel Center reservations
thumb_down Dislikes
- Quarterly rewards enrollment required
- Fail to choose your bonus categories and you'll earn just 1% cashback
- $2,000 quarterly spending caps on 5% rewards category is a bummer for big spenders
- 1% cashback default rate feels kinda insulting at this point
- 3% foreign transaction fee
- Rewards cash expires
| Category |
Default Rate |
Bonus Rate |
Bonus Spend Cap |
Bonus Spend Period (Months) |
| Gas |
1.00% |
- |
- |
- |
| Travel |
1.00% |
- |
- |
- |
| Dining |
2.00% |
- |
- |
- |
| Entertainment |
1.00% |
- |
- |
- |
| Pharmacy |
1.00% |
- |
- |
- |
| Groceries |
1.00% |
- |
- |
- |
| Other Purchases |
1.00% |
- |
- |
- |
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Methodology
The results of the investor.com Credit Card Rewards Calculator are based on the monthly spending amounts you enter and the annual dollar value of the rewards each credit card program pays per $1 spent. Credit card companies often express this payout amount as a percentage (e.g., 1.5% of every dollar spent) or on a points basis (e.g. ,1.5 points for every dollar spent). We converted all of them to a dollar amount (“Cash Back Per Year”) to make comparing offers easier.
To calculate the amount of cash back you could earn per year, we factored in:
- Spend category inputs: The default dollar values for each “Spend Category” in the Best Cashback Credit Cards tool — gas, groceries, travel, restaurant, entertainment, pharmacy, other — are based on average American spending data from the Consumer Expenditure Surveys from the U.S. Bureau of Labor Statistics. We also include additional spend categories (such as streaming services, online shopping, utilities, transit, Amazon and more) to help you see which rewards cards are most closely aligned with your actual spending patterns. We encourage you to customize the monthly spend inputs for the most accurate results.
- Tiered rewards rates: If a rewards credit card pays higher cashback rates on certain spending categories (also called “Bonus Rewards”), that difference is reflected in the total “Cash Back Per Year” tally.
- Rewards spending caps: Some cards impose category- or time-based limits (monthly, quarterly, annually) that affect the amount of rewards you can earn. For example, a card may pay 3% cash back on groceries on up to $1,000 of spending each quarter, then revert to the base/default rewards rate until the following quarter. We accounted for bonus spending caps and timeframe in the calculations.
- Default rewards rates: Purchases that exceed a spending cap are usually subject to a lower default rewards rate (e.g., 1% or 1.5%). We mathed that out too.
- Annual fees: If a rewards card charges an annual fee, we deducted that amount from the “Cash Back Per Year” total to provide a true accounting of a card’s annual rewards payout.
What’s not included in the “Cash Back Per Year” total is the cash value of any sign-up/introductory bonus. We highlight any Welcome Bonus separately. While sign-up bonuses can be the most lucrative part of getting a new cashback rewards credit card, not everyone will want or be able to do what it takes to earn the extra cash. (It usually requires spending a certain amount in a specified time period after the card is activated.)
