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I just got an email informing me that the sign-up bonus on the US Bank FlexPerks Travel Rewards Visa Signature has increased to 20,000 FlexPoints after the first $3,500 in spending in the first 150 days (which is roughly 5 months). The previous sign-up bonus had a 17,500 point bonus after $2,500 in spending. This clearly isn’t the largest sign-up bonus out there, but it is worth more than it sounds like at first glance.
This sign-up bonus of 20,000 points is worth up to $400 toward an airline ticket. With FlexPerks points, the trick is to redeem them when your airline ticket is just below one of the redemption thresholds of $400, $600, $800, etc. For example, a $250 airline ticket would cost 20,000 points and a $399 ticket would cost 20,000 points. This does require some strategy, but it means the points are worth close to 2 cents each if they are redeemed to their maximum value. When you redeem, you can also get a $25 airline allowance with every award travel ticket good towards baggage fees, in-flight food/drinks and more. Since you are traveling on a purchased ticket, you are also earning frequent flyer miles for your flight and aren’t subject to things like black-out dates or award availability.
I use my FlexPerks card for all of my grocery purchases as it earns 2x in that category (2x on gas, grocery, or airline purchases – whichever you use it for the most in a month). Since the points are worth close to 2 cents each, that means I am earning close to 4 cents in value for every dollar I spend on groceries. I also use this card for all my charitable donations, including Kiva, as it earns 3x on those expenses. There have also been a few promos throughout my first year with the program that have allowed me to earn several thousand bonus points.
If you want to use your points toward airfare without having to deal with blackout dates, this card is one to consider – especially with the sign-up bonus that is worth up to $400. Do be aware that some people, especially those who have many recent credit inquiries, can have some trouble getting approved with US Bank. I did not have those issues when I applied, but it can happen. Also, they will automatically consider you for the U.S. Bank FlexPerks Select Rewards card which earns 10,000 bonus FlexPoints if you don’t meet their qualifications for the Visa Signature version talked about in this post.
U.S. Bank FlexPerks® Travel Rewards Visa Signature® card
- Get 20,000 Bonus FlexPoints after the first $3,500 in net purchases in the first 150 days
- Award travel starts at just 20,000 FlexPoints (up to a $400 ticket value) on over 150 airlines with no blackout dates or redemption fees
- Earn one FlexPoint for every $1 of eligible net purchases charged to your card
- Earn two FlexPoints for every $1 spent on gas, grocery or airline purchases – whichever you spend most on each monthly billing cycle – and on most cell phone expenses
- Earn Triple FlexPoints for your charitable donations
- $0 Annual Fee* the first year, after that $49*
- Earn 3,500 bonus 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
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