US Bank FlexPerks Travel Rewards Visa Signature Review | CreditShout

US Bank FlexPerks Travel Rewards Visa Signature Review

By Dan Rafter / December 13, 2010
US Bank FlexPerks Travel Rewards Visa Signature Review

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Verdict:

The U.S. Bank FlexPerks Travel Rewards Visa Signature card has received high praise from financial publications, with the well-respected Kiplinger’s Personal Finance calling the card the best on the market for consumers who want travel perks.

It’s easy to see why: This card comes with plenty of flexibility and benefits.

Overview:

Cardholders will earn FlexPoints for every dollar that they charge. They can then redeem these points for free airline tickets.

They can also earn double their FlexPoints in whatever category in which they tend to make the most purchases.

How This Card Works:

Flexibility is the name of the game for the FlexPerks Travel Rewards Visa: Cardholders can redeem their FlexPoints for travel on more than 150 airlines.

They’ll also earn extra FlexPoints whenever they charge items in the category in which they spend the most, whether this category is gas, groceries or airline travel.

Travel and Shopping Benefits:

Cardholders receive one FlexPoint for every dollar that they charge on their cards.

They’ll receive two FlexPoints whenever they make a charge in the purchase category in which they spend the most.

For instance, cardholders who spend the most each month in groceries will receive double FlexPoints whenever they charge their groceries.

Cardholders also receive a bonus of 10,000 FlexPoints after charging $500 in net purchases.

Fees:

The FlexPerks Travel Rewards Visa Signature card comes with a purchase interest rate of 13.99 percent to 23.99 percent, depending on the creditworthiness of cardholders.

For the first year, cardholders can use this card without paying an annual fee. Every year thereafter, the card comes with a $49 annual fee.

Cash advances cost $10 or 4 percent of the advance amount, whichever is higher. Late and returned-payment fees can run up to $35.

Pros

  • Generous travel rewards program.
  • Can redeem free miles on more than 150 airlines.
  • Can earn double the rewards points in the categories in which you spend the most each month.

Cons

  • Annual fee of $49 after first year.
  • Interest rate can be high depending on your creditworthiness.
The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone.Additionally, the opinions of the commenters are not necessarily the opinions of this site

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