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US Bank Cash+ for Gas: 5% on the Pump When You Choose It Each Quarter

The US Bank Cash+ Visa Signature is one of only two no-fee cards that lets you select gas stations as a 5 percent category. You re-pick every quarter, you cap at $2,000 in combined 5 percent spending, and you also pick a 2 percent category to layer on top. Here is the full mechanic and the spend levels where it pencils out.

Gas Rate (Chosen)

5%

when selected as 5% category

Quarterly Cap

$2,000

combined 5% spend

Annual Fee

$0

no fee ever

Choose Every

Quarter

no auto-renew

Terms verified against the US Bank Cash+ Visa Signature product page as of 2026-05-19.

How the Choose-Your-Categories Structure Works

Each quarter you select two 5 percent categories from a list of 12, plus one 2 percent category. Everything else earns 1 percent. The selections apply to all purchases in the quarter that match the chosen categories, and you can change selections each quarter through the US Bank app. If you do not change selections, US Bank carries over your previous quarter's choices by default, but the first cycle ever requires an active selection or you earn 1 percent on everything.

The combined $2,000 cap covers both 5 percent categories together. If you pick gas plus restaurants, the cap binds the first $2,000 you spend across both categories. The 2 percent category has no separate cap and earns 2 percent on all qualifying purchases.

The 12 Eligible Categories

Twelve eligible 5 percent categories. Gas stations and EV charging is one option. Most drivers pair gas (5 percent) with a non-fuel 5 percent category and a 2 percent category that does not duplicate.

5% category options2% category options
Fast food restaurantsGas stations / EV charging
TV / internet / streaming servicesRestaurants
Department storesGrocery stores
Electronics storesOther 2% choice
Home utilities
Cell phone providers
Furniture stores
Gyms / fitness centers
Movie theaters
Sporting goods stores
Select clothing stores
Gas stations / EV charging

Quarterly Cap Math at Six Spend Levels

Assumes gas selected as the 5 percent category for all four quarters. Annual total combines four quarters of capped 5 percent plus residual at 1 percent.

Gas / monthGas / quarterQ earnings @ 5%Annual total
$100$300$15$60
$200$600$30$120
$400$1200$60$240
$600$1800$90$360
$700$2100$100$401
$900$2700$100$407

The cap binds at $666 a month in gas ($2,000 a quarter). Below that the full 5 percent applies. At $700 a month the over-cap $33 per quarter earns 1 percent and the cap-bound $2,000 earns 5 percent ($100). At $900 a month the over-cap $700 per quarter earns 1 percent ($7) and the cap-bound $2,000 still earns 5 percent ($100). The card's ceiling is roughly $407 a year on gas alone before adding the 2 percent category earnings.

The Two-5% Stack: Gas Plus Utilities

The most underrated feature of the Cash+ is that home utilities, cell phone providers, and TV/streaming are all 5 percent categories. A household paying $200 a month in utilities, $80 a month in cell phone, and $250 a month in gas can stack gas (5 percent) plus home utilities (5 percent) inside the $2,000 combined cap and earn 5 percent on all three. That same household pays no other card 5 percent on utility bills.

The pairing math: $250 gas + $200 utilities = $450 a month in 5 percent spending, $1,350 a quarter, well under the $2,000 cap. That captures $67.50 in quarterly cash back, $270 a year. Add the 2 percent category (say restaurants at $200 a month) for another $48 a year. Total $318 a year before any 1 percent residual earnings. The card holds its own against the Custom Cash for a household whose spending pattern fits the Cash+ category map.

The Re-Pick Discipline

The Cash+ resets the selection requirement every quarter. US Bank does auto-carry-over previous selections but does not guarantee it; the safe rule is to log in within the first week of January, April, July, and October to confirm or change selections. A missed selection means the entire quarter earns 1 percent on every purchase except the welcome-default 2 percent flat rate that some account configurations apply.

The flip side of the discipline tax is flexibility. A summer-driving household can pick gas in Q2 and Q3, switch to home utilities in Q1 and Q4 (heating season), and pick up a 2 percent grocery rate year-round. No other rotating-category card offers the same per-household optimization potential.

Frequently Asked Questions

How do I pick gas stations as my 5 percent category?+
Log into the US Bank app or website at the start of each quarter and select gas stations from the list of 12 eligible 5 percent categories. The selection applies to all qualifying purchases in the quarter up to the $2,000 cap. Selections do not carry over: each quarter you must reselect, even if you want the same categories again.
What is the $2,000 quarterly cap on the Cash+?+
The 5 percent rate applies to the first $2,000 in combined spending across both of your chosen 5 percent categories in a quarter. After $2,000, both 5 percent categories drop to 1 percent for the rest of the quarter. If you pick gas as your 5 percent category and spend $700 a month on gas, the cap binds at $2,000 and you earn 5 percent on the first $2,000 ($100) and 1 percent on the next $100, for $101 in the quarter. Across four gas-active quarters that is $404 in cap-bound earning plus 1 percent on the over-cap spend.
Can I pick gas as both a 5 percent and a 2 percent category?+
No, gas stations appear in both lists but you can only assign one rate to one category. Most drivers pick gas as their 5 percent category and use the 2 percent slot for an unrelated category like restaurants or groceries. The exception: if you spend more than $2,000 a quarter on gas, the over-cap spending earns 1 percent at the 5 percent slot. Putting gas at 2 percent instead means uncapped 2 percent on all gas spending; the breakeven against the 5 percent (capped) plus 1 percent (over-cap) structure depends on quarterly spend.
Does the Cash+ include EV charging in the gas category?+
Yes, US Bank labels the category as gas stations and EV charging. Public charging that codes as fuel-category MCC 5541 or 5542 earns the same 5 percent rate as gasoline inside the cap. Tesla Supercharger, Electrify America, EVgo, ChargePoint, and Blink all generally code under the fuel categories.
How does the Cash+ compare to the BofA Customized Cash Rewards for gas?+
Both are choose-your-category cards. The Cash+ offers 5 percent on the chosen gas category but caps at $2,000 per quarter, while BofA offers 3 percent on gas with a $2,500 combined cap (or 5.25 percent if you have Preferred Rewards Platinum Honors). For a base-tier driver, the Cash+ wins on rate but loses on cap headroom: $2,000 per quarter is $666 a month, vs BofA's $833 a month effective gas portion of the $2,500 combined cap. A driver spending $400 to $666 a month on gas captures more total dollars on the Cash+; above $666 a month the cap structures matter more than the headline rates.
Is there an annual fee on the Cash+?+
No. The US Bank Cash+ Visa Signature carries no annual fee. The card has the standard Visa Signature benefits including travel and shopping protections, and US Bank pairs it with the standard Visa contactless tap-to-pay.
What is the welcome bonus on the Cash+?+
US Bank periodically offers a $200 bonus after spending $1,000 in the first 90 days. The threshold is easy to hit with normal household use. Welcome offers do change; verify the current offer on the US Bank product page before applying.

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Updated 2026-04-27