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Verdict: Frequent travelers, or even those cardholders who talk a lot on their cell phones, will earn rewards points quickly with the FlexPerks Travel Rewards Visa Card. These cardholders can then redeem these rewards for free miles with more than 150 airlines. The “flex” part of this card’s name is accurate, too: Cardholders can earn double rewards depending upon how much they charge each month in select spending categories.
Overview: This is a solid miles card. Not only do cardholders have a wide variety of airlines with which they can redeem their miles, they also have the ability to earn more rewards points depending upon how often they use their cell phones, charge gas on their FlexPerks card or use their card to book airline flights.
How This Card Works: Rewards miles expire after five years, so it’s important for cardholders to redeem them in a timely manner. Fortunately, when you redeem your rewards points, the ones that you earned first will always be the ones that are converted into free miles. You can also pool the points that you and your employees — as long as they are also on your FlexPerks business card account — earn so that you can earn rewards at a faster clip.
Travel and Shopping Benefits: You’ll earn one FlexPoint for every dollar that you charge on your card. You’ll earn double FlexPoints — two for every dollar that you charge — on either the gas, grocery or travel purchases that you make during a billing cycle. You’ll earn these extra points on whichever category you spend the most on during the cycle. You’ll also earn double points for most every dollar that you charge for cell phone expenses. After you open your FlexPerks Travel Rewards account and make at least $500 in purchases with your card, you’ll earn 10,000 bonus FlexPoints.
Fees: The fees associated with this card are fairly standard for the industry. Your purchase interest rate will range from 11.99 percent to 17.99 percent. You won’t face an annual fee on this card for your first year. And as long as you charge at least $24,000 on the card during a year, you won’t face any annual fees ever. If you don’t charge this amount, you’ll face an annual fee of $55. Cash advances cost either $10 or 4 percent of the advance amount, whichever is higher. Returned-payment fees can run up to $35, while late-fee penalties can hit up to $39.
- Can earn double points depending on your spending habits.
- Can redeem points on more than 150 airlines.
- Purchase interest rate reasonable if your credit is good.
- Annual fee of $55 after the first year of holding this card.
- Purchase interest rate can rise to 17.99 percent if your credit is weak.
- Need to spend at least $500 before earning your enrollment bonus of FlexPoints.