investor.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Upgrade Cash Rewards vs U.S. Bank Shopper Cash Rewards Visa Signature Card 2024

investor.com

Written by investor.com

December 18, 2023

In head-to-head competition, which of these rewards credit cards wins out? Here’s what each has to offer and how they fare when put to the ultimate test — the cash back you’ll earn for using them.

Upgrade Cash Rewards
Use the Upgrade Card at retail locations and online and earn unlimited 1.5% cash back on all purchases when you pay them back. Funds from your line of credit are also available to be sent to your bank account. Welcome offer: Get a $200 bonus when you also open a Rewards Checking account and make three qualifying debit card transactions within 60 days.

U.S. Bank Shopper Cash Rewards Visa Signature Card
Earn 6% cash back on your first $1,500 in combined eligible purchases each quarter with two retailers you choose and 3% cash back on your first $1,500 in eligible purchases on your choice of one everyday category. Earn 1.5% cash back on all other eligible purchases. $0 annual fee the first year ($95/year thereafter). Get a $250 bonus after you spend $2,000 in eligible purchases within the first 120 days of account opening.

Credit Card Calculator
Monthly Spend
Spend Categories expand_more
Clear All
dining Dining
theater_comedy Entertainment
local_gas_station Gas
shopping_cart Groceries
monetization_on Other
local_pharmacy Pharmacy
card_travel Travel
local_shipping Amazon
storefront Costco
construction Home Improvement
shopping_bag Online Shopping
smart_display Streaming
local_taxi Transit
power Utilities
kitchen Whole Foods
receipt_long Wholesale Clubs

Upgrade Cash Rewards

Read review
Upgrade Cash Rewards Logo
Cashback Per Year
$...
Annual Fee
$0
Welcome Bonus
$200
Apply Now

On Upgrade’s site
Rates & Fees


U.S. Bank Shopper Cash Rewards Visa Signature Card

Read review
U.S. Bank Shopper Cash Rewards Visa Signature Card Logo
Cashback Per Year
$...
Annual Fee
$95
Welcome Bonus
$300
Want to compare more cards? Use our full calculator.

Which credit card earns more cash back overall?

Based on identical spending inputs, you’ll earn $180.00 cash back per year with Upgrade Cash Rewards and $110.20 with U.S. Bank Shopper Cash Rewards 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 Upgrade Cash Rewards and U.S. Bank Shopper Cash Rewards Visa Signature Card incorporate bonus rewards rates, spending caps, default rewards rates and annual fees, where applicable.

Is the Upgrade Cash Rewards good?

Calling this a “cash back credit card” is a loose interpretation of the genre. The Upgrade Cash Rewards card is basically a no-grace-period personal loan packaged in plastic, offering rewards that can only be used for one thing — paying down your balance.

thumb_up Likes

  • 1.5% rewards rate on purchases as they’re paid off
  • No security deposit required
  • Predictable monthly payments and fixed payoff date
  • Balances subject to fixed-rate APR
  • Offers prequalification
  • No late fees

thumb_down Dislikes

  • Rewards can only be applied as a statement credit
  • No grace period on purchases or transfers
  • Welcome bonus requires opening a checking account
  • Loans ineligible for cashback rewards
  • Charges 3% foreign transaction fee
  • No extra benefits
  • No authorized users allowed


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 Shopper Cash Rewards Visa Signature Card good?

The U.S. Bank Shopper Cash Rewards Visa’s 6% cash back rate on purchases from a long list of big-name retailers (including Amazon, Target and Walmart) got my attention. So did the $1,500 quarterly rewards spending cap (oof) and $95 annual fee that kicks in starting in year two.

thumb_up Likes

  • 6% cash back available at many major retailers
  • 3% cash back on gas/EV charging, wholesale clubs and more
  • 5.5% on hotels/rental cars booked through U.S. Bank
  • Real-time reward redemption available
  • Includes Visa Signature perks
  • Offers a sign-up bonus

thumb_down Dislikes

  • Restrictive $1,500 quarterly rewards earning caps
  • Requires quarterly reward activation
  • No 0% intro APR sign-up deals
  • $95 annual fee starting year two
  • 3% foreign transaction fee
  • Not the card for hands-off types


Category Default Rate Bonus Rate Bonus Spend Cap Bonus Spend Period (Months)
Gas 1.50% 3.00% $1,500 3
Travel 1.50% - - -
Dining 1.50% - - -
Entertainment 1.50% - - -
Pharmacy 1.50% - - -
Groceries 1.50% - - -
Other Purchases 1.50% - - -

compare_arrows Compare cash back credit cards

Select and compare two credit cards head to head to see which offers the most bang for your buck.


Select Credit Cards

×
  • check_box_outline_blankcheck_boxAlliant Cashback Visa Signature Credit Card
  • check_box_outline_blankcheck_boxAlly Everyday Cash Back Mastercard
  • check_box_outline_blankcheck_boxAlly Unlimited Cash Back Mastercard
  • check_box_outline_blankcheck_boxAmazon Prime Visa
  • check_box_outline_blankcheck_boxAmazon Visa
  • check_box_outline_blankcheck_boxAmerican Express Cash Magnet
  • check_box_outline_blankcheck_boxApple Card
  • check_box_outline_blankcheck_boxBank of America Customized Cash Rewards
  • check_box_outline_blankcheck_boxBank of America Unlimited Cash Rewards
  • check_box_outline_blankcheck_boxBlue Cash Everyday from American Express
  • check_box_outline_blankcheck_boxBlue Cash Preferred Card from American Express
  • check_box_outline_blankcheck_boxBMO Harris Bank Cash Back Mastercard
  • check_box_outline_blankcheck_boxBread Cashback American Express Card
  • check_box_outline_blankcheck_boxCapital One Quicksilver Rewards
  • check_box_outline_blankcheck_boxCapital One Quicksilver Rewards for Good Credit
  • check_box_outline_blankcheck_boxCapital One QuicksilverOne
  • check_box_outline_blankcheck_boxCapital One Savor Rewards
  • check_box_outline_blankcheck_boxCapital One SavorOne Rewards
  • check_box_outline_blankcheck_boxChase Freedom Flex
  • check_box_outline_blankcheck_boxChase Freedom Unlimited
  • check_box_outline_blankcheck_boxCiti Custom Cash Card
  • check_box_outline_blankcheck_boxCiti Double Cash Card
  • check_box_outline_blankcheck_boxCostco Anywhere Visa Card by Citi
  • check_box_outline_blankcheck_boxCredit One Bank American Express Card
  • check_box_outline_blankcheck_boxCredit One Platinum Rewards Visa (No Annual Fee)
  • check_box_outline_blankcheck_boxCredit One Platinum Visa
  • check_box_outline_blankcheck_boxCredit One Platinum X5 Visa
  • check_box_outline_blankcheck_boxDiscover it Cash Back
  • check_box_outline_blankcheck_boxDiscover it Chrome Gas & Restaurant
  • check_box_outline_blankcheck_boxFidelity Rewards Visa Signature Card
  • check_box_outline_blankcheck_boxNavy Federal cashRewards Credit Card
  • check_box_outline_blankcheck_boxPayPal Cashback Mastercard
  • check_box_outline_blankcheck_boxPenFed Power Cash Rewards
  • check_box_outline_blankcheck_boxPetal 2 Visa Card
  • check_box_outline_blankcheck_boxPNC Cash Rewards Visa Credit Card
  • check_box_outline_blankcheck_boxSam's Club Mastercard
  • check_box_outline_blankcheck_boxSoFi Unlimited 2% Credit Card
  • check_box_outline_blankcheck_boxTD Cash Credit Card
  • check_box_outline_blankcheck_boxTruist Enjoy Cash Credit Card
  • check_box_outline_blankcheck_boxU.S. Bank Cash+ Visa Signature Card
  • check_box_outline_blankcheck_boxU.S. Bank Shopper Cash Rewards Visa Signature Card
  • check_box_outline_blankcheck_boxUpgrade Cash Rewards
  • check_box_outline_blankcheck_boxUpgrade Triple Cash Rewards
  • check_box_outline_blankcheck_boxUSAA Cashback Rewards Plus American Express Card
  • check_box_outline_blankcheck_boxUSAA Preferred Cash Rewards Visa Signature Card
  • check_box_outline_blankcheck_boxVenmo Credit Card
  • check_box_outline_blankcheck_boxWells Fargo Active Cash Card

Compare

0 of 2

Read Next

Explore our other articles and reviews:

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.)



close