What's the interest rate on your credit card? If you're carrying a credit card balance that's going to take months, or even years, to pay off, the answer to that question could cost you thousands of dollars. If you're carrying a $5,000 balance on a card with a 25% interest rate, you'll pay $1,250 in interest this year. Think of...
|Annual Fee||$49 ($0 first year)|
|APR, Variable||13.99% - 23.99%|
|Cash Advance APR||23.99%|
Get 17,500 bonus FlexPoints after the first $2,500 in net purchases.*
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 1 FlexPoint for every net $1 spent**
Double FlexPoints on the category you spend the most each month (gas, groceries or airline travel) and most cell phone expenses.***
Earn 3,500 bonus FlexPoints each cardmember year you spend $24,000. Use the FlexPoints to redeem for your $49 annual fee or combine them with other FlexPoints for award travel.
See the site for specifics on *, **, ***.
Excellent Credit Needed
- Huge potential returns on air travel for purchases within specific categories
- Points can be redeemed with 150 airlines and several major hotel and car brands
- 2% foreign transaction fee
The Simple Dollar’s Review
While it’s not as straightforward as some other travel cards, when understood and used correctly, the U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card can earn you some of the best bang for your buck. The “FlexPoints” are earned at a rate of one point for every dollar and have a value of up to 2 cents each toward air travel and 1 cent each on hotels, car rentals, and cruises. One cent per point is pretty standard as far as travel credit cards go, so 2 cents per point value on air travel is a pretty decent bargain. Add to that the “flex” aspect – you earn double points in your highest spending category: groceries, gas or flights – and you’re set for some major point accumulation. Basically, if your highest spending category is air travel, you’ll be bringing in as much as 4 cents per dollar for every airline ticket purchase — easily among the best returns you can get with a travel credit card.
However, there is an annual cap of $120,000 in purchase — but if you use the card wisely, that’s not going to get in your way. There are a few other downsides, such as the foreign currency transaction fee of 2% and $49 annual fee, but those rates are pretty moderate compared with other travel cards. Additionally, 2 cents per point value toward flights is not guaranteed; the website states 20,000 points are good for an airline ticket that costs “up to” $400, so be sure to book wisely.
So if you spend heavily in one of the “Flex” categories and want to use your points for airline expenses, this card can earn you enough cash-back to make it a top contender among travel credit cards.
Jim McKelvey was a glass artist, creating exquisite hand-blown glass bowls and spiraling faucets. About five years ago, a visitor to Jim’s St. Louis studio was so impressed with his work that he wanted to make a $2,000 purchase on the spot. Without the cash on hand, the customer offered to pay with a credit card. Unfortunately, Jim didn’t...