U.S. Bank FlexPerks® Travel Rewards Visa Signature® Review for 2014

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U.S. Bank FlexPerks® Travel Rewards Visa Signature® card

Card Review: U.S. Bank FlexPerks Travel Rewards Visa
CardSight Rating: 4.3 out of 5 stars★★★★

4.8 Star Rating: Recommended

The U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card is geared toward the upscale card user who spends more on his or her credit card. It quickly accumulates points, which can be used toward travel rewards, merchandise, gift cards, or statement credit. It does not offer a reduced introductory APR, and after the first year it carries an annual fee. In return, the card offers luxury service options to the cardholder.

APR for Purchases

The U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card carries an APR between 13.99% and 23.99% depending on creditworthiness. The minimum interest payment if the full balance is not paid is $2.00. It does not have a default penalty rate.

Balance Transfers

Balances transferred to the FlexPerks® Travel Rewards Visa Signature® Card also receive an APR between 13.99% and 23.99%. 

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Fees

The U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card carries no annual fee for the first year, and $55 per year after that. Balance transfers receive the greater of $5 or 3% if transferred at the time of application, and the greater of $5 or 4% if transferred later. Cash advances are charged fees at the greater of 4% of the amount advanced or $10. Both late fees and returned payments are subject to fees of up to $35, though the agreement does not specify a penalty APR.

Both late payments and returned payments lead toof up to $35. A cash advance costs the cardholder a fee of the greater of $10 or 5% of the advanced amount, and cash advances receive an APR of 25.24%. Balance transfers incur a fee in the first 15 months of the greater of 3% or $10; after that period, the fee becomes the greater of 4% or $10.

Perks

The U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card focuses on luxury experiences. It offers complimentary concierge service for booking travel and gift shopping; luxury hotel upgrades; and access to dining, travel, entertainment, and sporting event specials and VIP packages. 

The card also offers Flexpoints, a points program that provides rewards in the form of travel perks, merchandise, gift cards, or statement credit. Cardholders earn 1 point for every dollar, which doubles for airline travel, gas, groceries, and cell phone charges, and triples for charitable contributions. The card also awards 15,000 bonus points after the first $900 in purchases, and 3,500 bonus points for each year in which the cardholder spends at least $24,000 in card purchases.

Bottom Line

The U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card offers generous benefits for the high-spending cardholder. Without an introductory APR and with an annual fee, it will not be as attractive to those seeking to avoid usage costs. Instead, consumers who enjoy being catered to and don’t mind paying a little extra for it will find this card to be a good fit.

For general use we give this card a rating of 4.3 out of 5.

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