U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card Review

The U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card is a points-based rewards card with diverse redemption options and tailored bonus offerings. With bonus points attached to charitable donations, you can feel even better about giving to your favorite causes.

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The Good

Benefits of a Visa Signature® card

The U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card comes with all the benefits of a Visa Signature® Card. These benefits include access to a 24/7 concierge service, travel insurance, fraud liability, emergency support, and more. Many cardholders fail to take advantage of the additional benefits often included with card membership. Benefits with the U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card can help you avoid unnecessary expenses.

Multiple bonus opportunities

The U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card includes multiple opportunities to earn respectable bonuses. For example, you get 20,000 bonus FlexPoints after the first $3,500 in net purchases within the first four months. In addition, you can receive 3,500 Flexpoints each year when you spend $24,000 in Net Purchases. You can redeem these FlexPoints for your annual fee or combine them with other FlexPoints for travel or many other rewards.

Great rewards for charitable donations

Multiple rewards cards allow you to redeem your rewards points for donations to charitable organizations, but few cards give you bonus points for making contributions on your card. With the U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card, you will earn triple points when you use your card to contribute to charitable and social service organizations.

Bonus points tailored to your spending

It is common for rewards cards to offer bonus points associated with purchases like gas and groceries. However, if you don’t spend a lot of money in the bonus categories, your ability to earn points is compromised. With the U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card, whichever category you naturally spend the most money in each month will get double points. This only applies to the gas, grocery, and airline travel categories, but is still a great way to earn some bonus points.

Several redemption options

Saving reward points can be fun, but it’s easy to lose interest if the redemption options are weak. The U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card provides a variety of redemption options that include airline travel, hotels, car rentals, cruises, gift cards to popular retailers, a variety of merchandise, and even cash back. Award travel starts at just 20,000 FlexPoints (up to $400 ticket value) on over 150 airlines with no blackout dates or online redemption fees.

The Bad

Annual membership fee

The U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card has a $0 intro Annual Fee*, after that $49*, which is on the low end when compared with other cards. The card even allows you to pay your membership fee with reward points, so the impact can be minimal, but ultimately, removing the annual membership fee would be preferable.

The Details

Rates and Fees

  • Annual Fee: $0 intro* for the first year, then $49*
  • Cash Advance Fee: Either 4% of the amount of each advance or $10 minimum, whichever is
  • Cash Advance Rate (APR): 24.24%
  • Foreign Currency Transaction Fee: None
  • Introductory Rate (APR): None
  • Standard Rate (APR): 14.24% - 24.24%* (Variable)

Penalty Fees

  • Default Penalty Rate (APR): None
  • Late Payment Fee: Up to $37
  • Minimum Interest Charge: $2
  • Over-Limit Fee: None
  • Returned Payment Fee: Up to $35

Balance Transfers

  • Introductory Balance Transfer Rate (APR): Intro APR 0% for 12 billing cycles
  • Standard Balance Transfer Fee: Either 3% of the amount of each transfer or $5 minimum, whichever is greater.
  • Standard Balance Transfer Rate (APR): 14.24% - 24.24% (Variable)

Rewards

  • Additional Rewards for Dining: None
  • Additional Rewards for Gas: 2 points per $1 (if this is the category you spend the most in)
  • Additional Rewards for Groceries: 2 points per $1 (if this is the category you spend the most in)
  • Additional Rewards for Shopping: None
  • Additional Rewards for Travel: 2 points per $1 (if this is the category you spend the most in)
  • Bonus Points Offered: Earn 3,500 bonus FlexPoints each year when you spend $24,000 in Net Purchases
  • Rewards Earnings for All Purchases: 1 point per $1
  • Sign-Up Bonus: 20,000 Bonus FlexPoints after the first $3,500 in net purchases within the first four months
  • Type of Reward: Points

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