Types of Credit Cards of U.S. Bank

U.S. Bank offers several types of credit cards to meet the needs of different customers.

Basic Credit Cards

The basic U.S. Bank credit card is suitable for people who have already established a fair credit history. This card does not come with any extra benefits or specified conditions. The basic card generally comes with larger credit lines and lower APRs. U.S. Bank offers 0% APR on all purchases and balance transfers made within the first six months of signing up, and no annual fee.

Student Credit Cards

U.S. Bank offers two kinds of student credit cards: The U.S. Bank College Visa Card and the U.S. Bank Young Adult Visa Card. Both are geared toward young adults who need to establish credit. There are no annual fees, but also no promotional discounts. The main difference between the cards is that the Young Adult Visa Card (for those not in college) requires a co-signer, such as a parent or other adult with an established credit history.

Rewards Credit Cards

U.S. Bank rewards credit cards come in three types:

1. Cash Rewards. The FlexPerks Cash Rewards Visa Card earns 1% cash back on purchases. This card also comes with no annual fee and 0% APR on balance transfers for the first six months.

2. Retail Rewards. U.S. Bank offers a variety of retail rewards cards. When customers purchase with these cards, they earn rewards such as gift certificates, rebate offers, or free merchandise with whichever retail store the card is associated with. There are no annual fees.

3. Travel Rewards. These cards are similar to the retail rewards cards, except the customer earns rewards with airline companies instead of retail stores. Some of these cards do come with annual fees, but they can be a good option for customers who travel frequently.

Credit Cards to Build or Re-establish Credit

U.S. Bank offers several credit cards that may a good option for applicants who need to build or re-establish their credit. These cards tend to come with annual fees and higher variable APRs, but come in either the basic or rewards types. The main difference here is that these cards are "secured," meaning that they are attached to the customer's savings account and the credit line is usually matched to that account. If customers handle these cards well, thereby building a good credit history, they can then earn lower fees and APRs, or apply for unsecured credit based on their good standing.