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

23 December, 2010

The U.S. Bank FlexPerks® Travel Rewards Visa® Card is a travel rewards card that is designed to benefit those who travel. The card gives bonus points after your first purchase and offers no annual fee for the first year. In addition, there are a variety of ways you can earn double points for your purchases. This is one of the newest travel rewards cards offered by U.S. Bank. Here are some of the card features:

No Annual Fee for the first year, $49 thereafter.
Earn double points for gas, grocery or airline travel purchases
Accepted at more than 26 million merchant outlets worldwide.

Rates and Offers
This card does not offer a special introductory rate. The APR will be between 13.99% and 23.99% based on your creditworthiness. This applies to both purchases and balance transfers. The APR for cash advances is 23.99% and all rates may vary based on changes to the prime rate. Your due date is 24 – 30 days after the close of each billing cycle. You will not be charged interest on purchases if you pay your entire balance by the due date each month.

Rewards Program
As a bonus offer you will earn 10,000 enrollment FlexPoints once you are approved for a FlexPerks Travel Rewards Visa Signature card and have spent $500 in Net Purchases on your card. In addition, you will earn one FlexPoint for every $1 of eligible net purchases charged to your account during each billing cycle. FlexPoints expire five years from the end of the calendar quarter in which they were earned. When you redeem your points, the FlexPoints you earned first will always be the FlexPoints you use first. As a Visa Signature cardmember, you earn double FlexPoints for gas, grocery or airline travel purchases, whichever you spend most on during each monthly billing cycle. You also earn double FlexPoints on most cell phone purchases, including monthly bills, accessories and Internet charges.

Redeeming FlexPoints
To redeem your FlexPoints you have to enroll in U.S. Bank Internet Banking and visit the FlexPerks Rewards Center. FlexPerks Visa award travel redemption works in conjunction with Travelocity® and offers an easy search and booking process based on date, destination and airline. There are more than 150 airlines and award travel redemption is easy – just enter departure and destination cities and travel dates in the Travelocity search window. You can redeem FlexPoints for other travel rewards with elite companies or you can redeem FlexPoints for your choice of hundreds of items ranging from electronics and designer clothing to household goods and unique collector’s items. You also have the option to redeem FlexPoints for gift cards from leading merchants and use them to buy clothing, electronics, household goods and more. Finally, you also can redeem your FlexPoints for statement credit.

Additional Card Benefits

$2,500 Personal Identity Theft Insurance
Auto Rental Collision Damage Waiver
Warranty Manager Service
Purchase Security
Travel and Emergency Assistance Services
Lost Luggage Reimbursement
Roadside Dispatch
Emergency Cash Disbursement and Card Replacement
Zero Liability
Lost/Stolen Card Reporting
Free Annual Account Summary
No Pre-Set Spending Limit
Cardholder Inquiry Service

U.S. Bank FlexPerks® Travel Rewards Visa® Fees
There are fees associated with using the U.S. Bank FlexPerks® Travel Rewards Visa® Card. To see a complete list you should review the card terms and conditions. The table below list some of the applicable fees. You can apply for the card by completing an online application. Description Fee

Annual Membership Fee$0 for the first 12 months, then $49Balance TransferEither $5 or 4% of the amount of each transfer, whichever is greater.Convenience Check Cash AdvanceEither $5 or 3% of the advance amount, whichever is greater.Cash Advance ATMEither $10 or 4% of the advance amount, whichever is greater.Cash AdvanceEither $10 or 4% of the advance amount, whichever is greater.Cash Equivalent AdvanceEither $20 or 4% of the advance amount, whichever is greater.Foreign Transaction2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars
3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign CurrencyLate Payment
Up to $35Returned PaymentUp to $35OverlimitUp to $35

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