Among the many travel-specific bank cards in U.S. Financial institution’s portfolio, the U.S. Financial institution FlexPerks Gold Credit score Card has the bottom annual price — and the least quantity of advantages. To get essentially the most out of what the FlexPerks card has to supply, you’ll additionally must be keen to e book journey within the FlexPerks portal, which may very well be limiting.
Listed here are 5 issues to know concerning the U.S. Financial institution FlexPerks Gold card.
U.S. Financial institution used to supply a full portfolio of FlexPerks playing cards, together with the U.S. Financial institution FlexPerks® Journey Rewards® Card. As of this writing, nonetheless, the U.S. Financial institution FlexPerks Gold Credit score Card is the one client FlexPerks card that is accepting purposes.
1. The cardboard is greatest suited to vacationers
Vacationers will doubtless get essentially the most worth out of this card primarily based on its rewards construction and assertion credit score. It earns:
5X FlexPoints on pay as you go resorts and automotive leases booked within the FlexPerks Rewards Middle.
3X FlexPoints on eating, takeout and restaurant supply.
2X FlexPoints at airways, gasoline stations and EV charging stations.
1X FlexPoint on all different eligible purchases.
FlexPerks cardholders additionally obtain an automated assertion credit score reimbursement for TSA PreCheck or International Entry. The International Entry credit score is offered each 4 years and each 4.5 years for the TSA PreCheck.
The FlexPerks card doesn’t cost international transaction charges, both.
2. The cardboard’s advantages may not justify the annual price
The FlexPerks card has a reasonable annual price of $85, however when in comparison with playing cards with comparable annual charges, that value can appear too steep for what you get in return.
Of these perks, the FlexPerks card solely gives the International Entry or TSA PreCheck credit score and rental insurance coverage. If you happen to’re keen to pay an annual price for a bank card, the FlexPerks card might not have the perfect worth.
3. It has a sign-up bonus, however you will have to spend so much to get it
As of this writing, new cardholders can get the next sign-up bonus: Earn 30,000 bonus FlexPoints. Simply spend $2,000 inside the first 4 months of account opening.
The 30,000 FlexPoints might be redeemed for $450 towards journey bills, which is an effective welcome supply, however the $2,000 spend requirement to earn the bonus is excessive. The Chase Freedom Flex℠, for instance, has this bonus with a noticeably smaller spend requirement: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
4. There are a selection of redemption choices
FlexPerks cardholders haven’t any scarcity of how to redeem FlexPoints, which might be cashed in for the next:
Money again. Money again could also be redeemed as an announcement credit score or deposit to a U.S. Financial institution financial savings or checking account. You may want at the very least 2,500 FlexPoints to get money again.
Journey. If you happen to e book a round-trip flight utilizing at the very least 10,000 FlexPoints by means of the FlexPerks Rewards Middle, you get a $25 airline allowance credit score so long as you name U.S. Financial institution’s Cardmember Service inside 90 days after journey.
Assertion credit score to pay for the cardboard’s annual price. Solely 5,000 FlexPoints required.
Cardholders can not earn or redeem FlexPoints if a minimal fee is late.
FlexPoints are value 1 cent every when redeemed for money again, present playing cards and merchandise. They’re value 1.5 cents every when redeemed for journey.
5. ExtendPay makes it simpler to repay massive purchases
Some FlexPerks cardholders could also be eligible for an ExtendPay plan. Just like the way in which purchase now, pay later works, ExtendPay allows you to repay balances in mounted month-to-month funds whereas avoiding curiosity fees. Nonetheless, not like some BNPL providers, U.S. Financial institution’s ExtendPay fees a hard and fast month-to-month price. A most of fifty% of your credit score line could also be placed on an ExtendPay plan.