As if you need another reason to watch the Winter Olympics now you can monetize the sport when you get this credit card offer.
U.S. Bank is bringing back the Winter Olympics US Bank FlexPerks card promotion. You’ll earn an increased sign-up bonus of 25,000 FlexPoints after meeting minimum spending requirements. Plus bonus FlexPoints for every medal the US Olympic team wins!
Because FlexPoints are worth 1.5 cents each when you redeem them through the US Bank travel portal for airfare, hotels, and rental cars, this could end up being a decent deal. We’ve bought some excellent flights through their portal and for some reason a better deal than Citi ThankYou, Chase Ultimate Rewards, and the much over hyped Membership Rewards.
The US Bank FlexPerks Travel Rewards card normally comes with 20,000 FlexPoints after spending $2,000 within 4 months of account opening. But US Bank is celebrating the Winter Olympics by increasing the card’s welcome offer and adding bonuses.
With this deal, the US Bank FlexPerks Travel Rewards card earns 25,000 FlexPoints after spending $2,000 on purchases within the first 3 months. And you’ll get bonus points for each medal the US team wins:
- 500 FlexPoints for each gold medal
- 250 FlexPoints for each silver medal
- 100 FlexPoints for each bronze medal
The card also comes with:
- 2 FlexPoints per $1 spent on 1 category (gas, grocery or airline purchases) which you spend the most on each month and on most cell phone expenses
- 2 FlexPoints per $1 of eligible charitable donations
- 1 FlexPoint per $1 of all other eligible purchases
- $25 airline credit for every award flight booked with FlexPoints (baggage fees, in-flight food, drinks, etc.)
The $49 annual fee is waived the first year.
During the 2014 Olympics, the US team won 28 medals (9 Gold, 7 Silver, 12 Bronze), which were worth 7,450 FlexPoints (9 Gold X 500 FlexPoints + 7 Silver X 250 FlexPoints + 12 Bronze X 100 FlexPoints). So if the US team earns a similar amount of medals as last time, you’d end up with ~32,000 FlexPoints (25,000 FlexPoints sign-up bonus + ~7,000bonus FlexPoints).
FlexPoints are worth an average of 1.5 cents each when redeemed for airfare, hotels, or rentals cars through the US Bank travel portal. So you could end up with ~$450 toward your next trip!
If you were considering applying for the US Bank FlexPerks Travel Rewards card, now is the best time. You can apply with this link. If you’re a newbie to credit cards we recommend a Chase card first such as the Freedom Card here that comes with a $150 bonus.