U.S. Bank stopped accepting applications for the Shopper Cash Rewards in July 2026, so the only live question is whether existing holders should keep paying for it. The draw was 6% back at two retailers you select each quarter from a fixed list including Amazon, Apple, Costco, Target, and Walmart, which pays only at those specific merchants rather than on online shopping generally, and only on up to $1,500 of combined spend before dropping to 1.5%. Add 3% on one everyday category (gas, wholesale clubs, or utilities) capped at $1,500 a quarter and a 1.5% base rate, and someone who concentrates real money at a couple of big-box stores can clear the $95 annual fee, which was waived the first year. If your spending is more spread out, you're paying $95 to manage quarterly selections for a fairly narrow slice of purchases. Cell phone protection up to $600 per claim when you pay your bill with the card is a fair tiebreaker if the rest of the math is close.
Earn rates & credits
| Category | Rate |
|---|---|
Online Shopping Choose 2 retailers each quarter (Amazon, Apple, Costco, Target, Walmart, etc.), up to $1,500 combined. Earns at chosen retailers in-store, online, or by phone — not generic online shopping. on first $1,500/qtr, then 1.5% | 6% |
Hotels & Car Rentals (via Portal) Hotel and car reservations booked in the Travel Center | 5.5% |
Choose 1 category Choose 1 everyday category each quarter, up to $1,500 | 3% |
Everything Else | 1.5% |
| Benefit | Value |
|---|---|
First-Year Annual Fee Waiver $0 annual fee for the first year, then $95 | $95 |
Card details
Regular APR | 18.74%–28.74% variable |
Foreign transaction fee | Yes |