The U.S. Financial institution Well™ Visa Signature® Card, as soon as a extremely rewarding card for anybody with enough investments in U.S. Financial institution accounts, is now a bit much less good. After launching simply seven months in the past, the cardboard is already present process a significant overhaul to a rewards program that burned too vibrant for this world.
For now, these adjustments received’t have an effect on current cardholders. However as of April 14, 2025, the cardboard has rolled out various adjustments for brand new candidates.
It’s more durable to earn greater than 2% money again
The U.S. Financial institution Well™ Visa Signature® Card nonetheless earns a base rewards charge of 2% money again on all purchases, which remains to be fairly good. And it’s nonetheless doable to earn even larger charges in the event you meet particular necessities — it is simply that these necessities acquired stricter.
Now, you will need to open a U.S. Financial institution Well financial savings account and preserve a “qualifying steadiness” in a Financial institution Well checking account or Secure Debit account. Right here’s what you possibly can earn at totally different steadiness tiers:
$10,000 to $49,999.99: Earn 2.5% money again.
$50,000 to $99,999.99: Earn 3% money again.
$100,000 or extra: Earn 4% money again.
Beforehand, U.S. Financial institution checking and financial savings accounts, certificates of deposit, funding accounts and IRAs, and even private belief accounts may very well be factored into your qualifying steadiness. Plus, you used to achieve the two.5% money again tier with $5,000 in your accounts, not $10,000.
That coveted 4% cash-back charge is now exhausting to acquire except you’re within the behavior of holding onto a six-figure sum of money.
There’s additionally a change to how the qualifying steadiness is calculated. Earlier than, it was primarily based in your common every day steadiness over a 90-day interval. Now, that’s right down to 30 days, which may have an effect on your eligibility for additional money again relying in your money movement for the month.
🤓Nerdy Tip
With the U.S. Financial institution Well™ Visa Signature® Card, money again is price 1 cent per level when deposited into an eligible U.S. Checking account. It’s also possible to redeem factors for reward playing cards or assertion credit, however they’ll be price much less in the event you do that.
Greater cash-back tiers are topic to spending limits
The unique model of the cardboard positioned no limits on how a lot money again you could possibly earn in any rewards tier. There’s nonetheless no cap on incomes 2% money again going ahead, however now you possibly can solely earn 2.5% again or extra on as much as $10,000 in spending per billing cycle.
When you attain that restrict, you’ll earn the bottom 2% again.
Sure purchases received’t qualify for larger reward charges
Schooling or tuition funds, reward playing cards, insurance coverage, taxes, business-to-business transactions and third-party invoice fee providers will earn solely 2% money again, even in the event you’re eligible to earn 2.5% again or extra primarily based in your balances with U.S. Financial institution.
