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 serious overhaul to a rewards program that burned too vivid for this world.
For now, these modifications received’t have an effect on present cardholders. However as of April 14, 2025, the cardboard has rolled out quite a few modifications 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 price of 2% money again on all purchases, which remains to be fairly good. And it’s nonetheless attainable to earn even larger charges in the event you meet particular necessities — it is simply that these necessities obtained stricter.
Now, you need to open a U.S. Financial institution Well financial savings account and preserve a “qualifying stability” in a Financial institution Well checking account or Protected Debit account. Right here’s what you possibly can earn at totally different stability tiers:
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$10,000 to $49,999.99: Earn 2.5% money again.
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$50,000 to $99,999.99: Earn 3% money again.
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$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 could possibly be factored into your qualifying stability. Plus, you used to succeed in the two.5% money again tier with $5,000 in your accounts, not $10,000.
That coveted 4% cash-back price is now exhausting to acquire until you’re within the behavior of holding onto a six-figure sum of money.
There’s additionally a change to how the qualifying stability is calculated. Earlier than, it was based mostly in your common day by day stability over a 90-day interval. Now, that’s all the way 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. You may also redeem factors for present 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 might 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, present playing cards, insurance coverage, taxes, business-to-business transactions and third-party invoice cost providers will earn solely 2% money again, even in the event you’re eligible to earn 2.5% again or extra based mostly in your balances with U.S. Financial institution.