US Bank FlexPerks® Travel Rewards Visa Signature® Card

Just weeks away from Christmas, we all know how expensive the holidays can be. Forget the presents, food, and décor…I’m talking about the costly traveling to see our loved ones.

After all, there is nothing that kills your Christmas buzz quite like spending hundreds or even thousands on flights and lodging to be near family for “the most wonderful time of the year”. Sure, you could cut back by bunking with one of your relatives, but who really wants to sleep atop Aunt Connie’s growing pile of cats or make Little Jimmy cry when you take his bed and he has to share a room with his arch nemesis, his baby sister?

Well honestly, there isn’t anything you can do to remedy the situation now (short of a Christmas with the Kranks scheme, and we all saw how that turned out). However, you can start preparing for next year by earning travel rewards on purchases you are already making. Enter the US Bank FlexPerks Travel Rewards Visa Signature Card (wow, that’s a mouthful)!

Why the US Bank FlexPerks Card Rocks

U.S. Bank FlexPerks Travel Rewards Visa Signature card

The US Bank FlexPerks Travel Rewards Signature card offers some awesome benefits, including:

  • A sign up bonus: Receive 17,500 FlexPoints after spending your first $2,500 (within the first five months). Since award travel starts at only 20,000 FlexPoints, you’ve basically earned a flight by spending money you were already going to spend anyways. (Now your Christmas Travel Budget can be blown on a luxury cat-free, kid-free hotel room)
  • Earn FlexPoints: Earn 1 FlexPoint for every $1 spent. In addition to that, you receive DOUBLE FlexPoints on the category that you spend the most on each month (gas, groceries, or airline travel).
  • Redeem FlexPoints: Redeem FlexPoints for flights on over 150 airlines. No blackout dates. No redemption fees. FlexPoints are also redeemable for hotels, merchandise, gift cards, and cash back!
  • Annual bonus: Earn an additional 3,500 FlexPoints for each year you spend $24,000 on the card. These can be used for additional travel or to redeem the $49 annual fee.
  • $25 airline allowance: Receive reimbursement of up to $25 for airline expenses including baggage fees and in-flight food and drink (for each reward ticket).
  • Visa Signature Benefits: Receive the benefits of being a Visa Signature Card Holder, including concierge service and unique travel offers.
  • A special 0% introductory APR on all purchases and balance transfers for the first 12 billing cycles and after that, a variable APR, currently 13.99% – 23.99%, based on your creditworthiness.

Click here to read the US Bank FlexPerks Travel Rewards Visa Signature Card terms and conditions

Why the US Bank FlexPerks Card doesn’t Rock

Every credit card also has its downsides. The US Bank FlexPerks Travel Rewards card has a couple disadvantages:

  • Annual fee: Waived for the first year, $49 for each year after. As stated above, you can elect to use your annual bonus to pay this fee.

Is the FlexPerks Rewards Signature Card Right for You?

YES, because:

1. You love earning rewards for spending money you are already spending! The 17,500 bonus miles makes this card a definite consideration if you’re looking to play the credit card game.

2. You want to stretch your holiday travel budget to include your own hotel room. Which is totally not selfish, because now you won’t snap on Grandma Dotty for snoring too loudly or Little Chrissy for forgetting the punch line to the 20 minute joke she just told you.

3. You dig free travel and swag earned with bonus points you didn’t have to work hard to get!

No, because:

1. You have a personal vendetta against annual fees (even those that aren’t applicable in the first year). However, if you’re a savvy WSL reader then this is a moot point as you’d get the card to take advantage of the 17,500 bonus miles, redeem them, and cancel the credit card before you’re charged the $49 fee during your second year. Or you can negotiate getting the fee waived as discussed in 5 Things You Didn’t Know About Credit Cards.

2. You hate to travel. Which means you probably hate Christmas too, so you don’t need this for holiday travel, ya Scrooge!

Conclusion

The US Bank FlexPerks Travel Rewards Visa Signature Card is a great option for those who travel and frequently use credit cards. The annual fee is easily negated by the wonderful perks this card offers including a boatload of bonus FlexPoints redeemable for travel, merchandise, and cash. I recommend this card for anyone who wants to earn free stuff, especially those that want to earn terrific travel rewards for the holiday season or anytime the rest of the year.

Click to apply for the US Bank FlexPerks Travel Rewards Visa Signature Card

About the Author

By , on Dec 11, 2012
Andy Tenton
Andy is a 30-something New Yorker who turned his financial life around. He took charge of his finances, got out of debt, and is now working his way toward financial success. He is the publisher of WorkSaveLive.com.

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{16 Comments}

  1. Thad says:

    So find me a debit card replacement that has no annual fee and rewards. Does such a thing exist?

    • Andy says:

      The PerkStreet rewards debit card will give you a minimum of 1% rewards with no annual fee. Check out my review on PerkStreet Financial.

  2. Thanks for the review. I don’t believe we will be gettting a new card anytime soon, but I like to catalogue these for when we’re ready.

  3. My Card of Choice!!! I’ve been using this card for about 5 years now (before it switched to flex perks and was a delta/northwest card). Still a great deal in my opinion.

    • Andy says:

      Awesome!! I’m going to focus on building travel rewards this next year as my hope is to take a European vacation by the time I turn 30. I’m glad you like this card though…it seems like US Bank has gotten a great one and I love the free 17,500 free FlexPerks bonus points!

  4. HAHAHA @ “sleep atop Aunt Connie’s growing pile of cats “. This looks like a great card, and heck, the fee is waived for the first year, so you could always churn it out before then. And I like the airline credit to help pay for checked bags. I recently flew, and even our FIRST BAG cost money. Lame sauce.

    Also, the whole “2% back on your highest budgets category” is awesome too. You don’t have to buy extra groceries to get the best reward, you just spend like normal and the 2% follows. Genius.

    • Andy says:

      The 2% thing is very interesting and I like how US Bank did that. It helps in that you don’t have to remember which category offers the most FlexPerks for that month or quarter.

  5. Thad P says:

    Does sound like a very good deal. I’ll check in to it. Thanks for really useful info Andy!

  6. Hopefully, they actually give your your points on the credit card. When I opened my checking account with them, I got a FlexPerks debit card. That was two years ago and I still have never received a single point from using that debit card.

    • Andy says:

      Maybe there were restrictions or stipulations that you missed. Obviously a company just can’t go promoting things and no honoring them. Otherwise there would be a very large class action lawsuit.

  7. Interesting. We’ve done all our banking through them for years, but never for a credit card. It does not surprise me that they have a fee attached to it as they’ve really upped the fees the last year or so…then again what bank hasn’t done that!

    • Andy says:

      The fees on credit cards are fairly common. However you shouldn’t avoid this card simply because there is a fee. If there was a fee during the first year then I’d think differently, however US Bank is leaving themselves susceptible to get taken advantage of by savvy users who rack up points, get the free bonus points, and bolt before getting charged a fee at the anniversary date.

  8. Terry says:

    That sounds like a pretty good deal. By spending the initial $2,500, I would earn almost enough points to get a free flight. That would be nice to help pay for the family to fly to a vacation.

    • Andy says:

      It’s pretty brilliant if you’re going to be spending that $2500 anyway over the next few months. I’d be happy to get a free flight for simply spending money that I was already going to spend.

  9. Looks interesting. Can you trade in the 17,400 Flexpoints for a statement credit? Or are they only good for flights? I churn credit cards but have never used US Bank or Flex Points. Thanks for the review, Andy!

    • Andy says:

      You can use the FlexPerks (points) like most other credit card rewards programs. You can get a statement credit, buy gift cards, use it for travel, etc. So, yes, to answer your question. :)

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