U.S. Bank Smartly Checking: 15% Back on Dining and Grocery

U.S. Bank refreshes its targeted offers periodically. A customer who does not see the deal today may find it in a future month; eligibility shifts with account activity, balance levels, and relationship depth, the bank said. The 15% rate applies to purchases at merchants coded as dining or grocery under Visa's merchant category codes. That covers restaurants, fast-food chains, supermarkets, and warehouse clubs that sell food. Convenience stores, liquor stores, and specialty food retailers usually fall outside the category unless they code as grocery.

Smartly Checking launched in 2023 with up to 4% annual percentage yield on balances and reimbursement for out-of-network ATM fees. The dining-and-grocery bonus adds a spending-reward layer that most high-yield checking accounts skip. For comparison, Discover's debit card pays 1% cash back on up to $3,000 in monthly purchases. U.S. Bank's 15% on two high-spend categories is far richer – but only for targeted customers and only for a limited window.

U.S. Bank did not say when the promotion ends. Customers who see the offer should use it before the expiration date in their account dashboard, which typically runs 30 to 90 days from activation.