We took a look at the U.S. Bank FlexPerks Cash Rewards Visa earlier and now we’ll look at the U.S. Bank FlexPerks Travel Rewards Visa Signature card. For cardholders that would rather earn travel rewards than cash rewards, this may be a better option as it offers some different ways to earn and redeem FlexPoints for travel, merchandise and gift cards.
The Basics
This card has an annual fee that is waived the first year. After that it is $49.00. The APR varies and can be from 13.99% to 23.99%.
FlexPerks Travel Rewards Program
FlexPerks Travel Rewards are earned at 1 FlexPoint for each dollar spent, but double points in the category you make the most purchases in (gas, groceries or airline travel) as well as most cell phone expenses. Whichever category in any monthly cycle that has the highest total of net purchases charged to the card will receive double points per each dollar spent. Also, if you make charitable donations with your card, you will earn triple points.
New Cardholder Bonus and Annual FlexPoints
Cardholders earn a bonus of 10,000 FlexPoints after the first $500 in net purchases made with the card. You will also earn 3,500 bonus FlexPoints each year that you spend $24,000.
Redeeming FlexPoints
Redeem FlexPoints for the annual fee of $49 or you can combine them for travel awards. Free travel awards start at 20,000 FlexPoints which is up to a $400 ticket value. You can choose from over 150 airlines with no blackout dates or redemption fees.
FlexPoints can also be redeemed for hotel, car rental and cruise rewards as well as merchandise rewards, gift cards and statement credits. There are a number of top brands to choose from if you should decide to redeem your points for merchandise rewards or gift cards.
Other Benefits
The U.S. Bank FlexPerks Travel Rewards Visa Signature also offers additional benefits which include the following:
- $25 airline allowance. Cardholders are reimbursed up to $25 with each award ticket, that can be used for airline expenses such as baggage fees or food and drinks that are charged to the card.
- Rental car deals with National Car Rental of up to 25% off. You will also receive a certificate each year for one free day on a three-day weekend car rental, and free Emerald Club Membership that lets you go straight to the Emerald Club Aisle to choose your own car and get going.
- Free Hideaways Aficionado® Club Silver Membership which is worth $145 annually. This membership gives VIP perks and preferred rates at the world’s best hotels, resorts, villas and on cruises.
Conclusion
Cardholders interested in a travel rewards card with a low annual fee may want to consider the U.S. Bank FlexPerks Travel Rewards Visa Signature card. It seems fairly easy, with the different categories each month, to earn enough FlexPoints for airline rewards, not to mention the 10,000 bonus FlexPoints you earn from spending your first $500. Plus, you can redeem points for other merchandise and gift cards if you choose to do so. However, if you do not spend enough to earn the FlexPoints, the annual fee may not be worth having the card.If you would rather earn cash back rewards though, you may want to check out the U.S. Bank FlexPerks Cash Rewards Visa instead.