The FlexPerks card's earning rate is not spectacular, but it is relatively flexible. Cardholders earn 2 points per dollar on the category they spend the most in each month – either gas stations, office supply stores or airlines. ... Altogether, this is not the most generous rewards rate you can find among business cards.
When you use your rewards to make travel plans, your FlexPoints will be worth 1.5 cents each, an excellent rate for a card with a lower-than-average annual fee of $0 the first year, then $49 thereafter. Redeeming for cash back in the form of a statement credit will net you about a penny a point.
Unlike most other bank points programs, you will have to keep track of the expiration date for your U.S. Bank FlexPoints. They expire five years from the date they're earned.
You can redeem your U.S. Bank FlexPerks Select rewards online by logging in to your account. Under the “My Accounts” tab select “My Rewards” and click “Redeem Rewards”.
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You can redeem your points for:
Best travel credit cards
| Category | Credit card | Estimated rewards earned after five years |
|---|---|---|
| Winner | American Express® Gold Card | $2,719 |
| Runner-up | Capital One® Venture® Rewards Credit Card | $2,931 |
| Best welcome bonus | Chase Sapphire Preferred® Card | $2,028 |
| Best for luxury travel | Chase Sapphire Reserve® | $2,755 |
The U.S. Bank FlexPoints have different values, depending on how you want to redeem them: for air travel, hotels and car rentals you get 1.5 cent/point when redeemed through U.S. Bank. Cash back, statement credits, gift cards get you 1 cent/point and the value varies if you wish to redeem for merchandise.
That being said, US Bank is quite difficult to get approved with. There is no hard limit to the amount of US Bank credit cards you can hold. But keep in mind that the more cards you have with them, the more difficult it is to get approved.
Can my rewards expire? FlexPerks Cash Bonus check cards- rewards expire after 36 months. For credit cards - some rewards can expire if they are not redeemed within the allotted timeframe.
Balance and Account Information
You may obtain balance and account information online at www.usbankrewardscard.com. You may also contact Cardholder Services by calling 855-274-9934.
It offers decent earning potential and great redemption value if you travel frequently. Besides travel, you can use your FlexPoints for statement credits, cash back, gift cards and merchandise. See our list of the best credit card bonuses here.
Online Banking steps:
Select My Accounts at the top of the page, select My Rewards, then Redeem Rewards & Access Card Benefits. Select Travel from the top menu. From the search screen, select what type of travel you'd like (flight, hotel, car rental, activity). Complete the required fields and select Search.
How do I redeem? You can redeem your cash rewards at any time online through the rewards center. Log in, select your U.S. Bank Cash+ account and select "Rewards Center" or call the Cardmember Services number on the back of your card.
You can claim your cash-back rewards in the form of a check by requesting it through your card's online account management system. Usually, your cash-back amount will need to reach a certain threshold, such as $25, $50, or $100, before you can redeem it.
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