US Bank Lifetime

Understanding the US Bank Lifetime rule:

This rule says that you can’t get the bonus on these cards more than once. That means even if you cancel the card and wait several years, you do not qualify for the bonus again. Only two cards in the US Bank arsenal have this restrictive language in their terms and conditions. But it’s pretty clear in the footnotes of both affected cards.

Here is what it says in the signup bonus footnotes for the US Bank Cash + Visa Signature Card:

The US Bank Shopper Cash Rewards Visa Signature Card has similar language:

Important to know:

It does appear that these are not family restrictions, so you should be eligible for the signup bonus on both of the cards affected by this rule. US Bank is historically one of the strictest banks when it comes to credit card approvals, so it’s not surprising that they have this language in some of their card terms. Be aware that there is another rule - the US Bank 5 Years rule - this states you cannot receive a bonus if you've received one in the last five years.

About Approval Rules

Collecting credit card points is largely driven by understanding and abiding by bank rules regarding approval (or disapproval) of cards.  So here’s what you need to know:

• Approval rules are rarely fully publicized by the banks
• We use our own research and data points from other users in creating the rules listing
• Our goal in sharing/using the rule listings is to provide you guidance to avoid getting declined
• There can sometimes be exceptions to the rules, but we try to take a more cautious approach in advising you.