U.S. Bank offers a number of different types of rewards cards, but the FlexPerks Cash Rewards Visa allows cardholders to earn cash back for all purchases. Is there anything about this card that sets it apart from other cash rewards cards that are available?
Fees
U.S. Bank FlexPerks Cash Rewards Visa has an introductory APR of 0% on balance transfers for the first 6 months. The APR for purchases can range from 13.99% to 23.99%. There is no annual fee for this credit card.
Cash Rewards
Cardholders earn 3% cash back on all gas purchases for the first 90 days and 1% cash back on all other purchases. There is no limit on the amount of rewards that can be earned and they don’t ever expire.
U.S. Bank Shopping Mall
Cardholders of the U.S. Bank FlexPerks Cash Rewards Visa can also earn points by using their card at the U.S. Bank Shopping Mall where you can find special savings and discounts from hundreds of merchants.
Redeeming Rewards
Cash back from purchases can be redeemed in $5 increments with a minimum redemption of $20. As soon as your rewards have reached $20 you can redeem them. You can choose to redeem your cash rewards as a deposit directly into your U.S. Bank checking, savings or money market account, or you can choose a U.S. Bank Rewards Card or statement credit.
Conclusion of Credit Card Detectives
Although the 3% gas cash back reward is a nice reward, it’s only available for the first three billing cycles of card ownership. After that, all purchases receive a 1% cash back reward, which isn’t the best cash reward available. If you’re looking for a card with a 0% balance transfer APR and no annual fee as well as a flat cash back rate, this card may be for you. If you’re interested in earning miles or a significant amount of cash back for your credit card purchases, there are better cash back and miles rewards cards available.