U.S Bank announced today, Monday that they’ll again be running their Olympics promotion for their FlexPerks Travel Rewards Visa Signature card and their FlexPerks Business Edge Travel Rewards Visa card. New applicants will receive the usual 20,000 FlexPoints and you’ll also receive bonus points for every medal won by Team USA at the Rio Summer Olympics which will take place August 5 – 21.
The Offer
- Apply for the FlexPerks Travel Rewards Visa Signature card or the FlexPerks Business Edge Travel Rewards Visa card and receive a 20,000 Flexperks points signup bonus after spending $2,000 within four months
In addition to the 20,000 points signup bonus, you’ll also get another bonus based on the number of medals won by Team USA at the Rio Olympics:
- 200 Flexperks points for each Gold Medal
- 100 Flexperks points for each Silver Medal
- 50 Flexperks points for each Bronze Medal
To put these numbers into perspective: historically, during past Summer Olympics, Team USA has won in the area of 40 Gold medals, 30 Silver medals, and 26 Bronze medals. If those numbers would materialize this time, you’d get an extra 12,300 Flexperks for a total signup bonus of 32,300.
See the latest medal count at teamusa.org.
The 20k bonus + Olympic bonus offers are valid from August 1, 2016 through September 3, 2016. This is odd since the Olympics will be over by them so if you’ll already know exactly how many points you’ll be getting which somehow seems weird.
Card Details
Personal Visa Flexperks Card
- Earn 1 FlexPoint for every $1 spent
- Earn 2 FlexPoints on gas or grocery or airline purchases, whichever you spend the most on every month
- Earn 2x FlexPoints most cell phone purchases, including monthly bills, accessories and Internet charges
- Earn 3 FlexPoints for charitable donations
- FlexPoints are worth 1¢ in statement credit 2¢ when redeeming for travel
- Annual fee of $49 is waived the first year
Business Visa Flexperks Card
- $25 airline allowance for each award ticket booked for incidental expenses such as baggage and food
- Earn 2x FlexPoints on gas or office supplies or airline purchases, whichever you spend most on each monthly billing cycle
- Earn 2x FlexPoints most cell phone purchases, including monthly bills, accessories and Internet charges
- Earn 3x FlexPoints on Charity donations
- Earn 1 FlexPoint for every $1 spent
- Annual fee of $55 is waived the first year
- Receive a credit for your $55 annual fee back to your account if $24,000 or more in net purchases posts to your company’s account within your 12-month annual statement year
See this post for more details on the various Flexperks Business cards. And see this post to learn how much Flexperks are worth.
The Fine Print
- This offer is subject to credit approval
- FlexPoints will be awarded as long as one purchase is posted to the Account Owner’s individual account by Sept 30, 2016
- This promotion is not available for existing and previous FlexPerks Travel Rewards Visa accounts. To learn more about FlexPerks Travel Rewards Visa cards issued by U.S. Bank and more about this offer, visit flexperks.com/visapromo
- Offer valid to new U.S. Bank FlexPerks Travel Rewards Visa Signature and U.S. Bank FlexPerks® Business EdgeTM Travel Rewards Visa Card applicants who apply at any participating U.S. Bank branch location, call 24-hour banking or apply online at flexperks.com/visapromo between August 1, 2016, and September 3, 2016
- Applicants must be approved for either the FlexPerks Travel Rewards Visa Signature or FlexPerks Business Edge Travel Rewards card and make a minimum of one net purchase to the Account Owner’s individual account by September 30, 2016, to receive the Visa Rio Bonus FlexPoints
- The Visa Rio Bonus FlexPoints are in addition to the one-time enrollment bonus FlexPoints offer and are not contingent on meeting a spend threshold
- Please allow 6-8 weeks after the promotion ends on September 30, 2016, for the Visa Rio Bonus FlexPoints to be credited to your FlexPoints account
Our Verdict
This promo is back again (here’s the last time around), and even a lower-than-usual spend threshold of $2,000 to get the 20,000 Flexperks bonus. Great to see that the bonus Olympics offer is valid on a business Flexperks card as well.
See also these 20 Things to Know about US Bank before applying, one of which is to freeze your ARS and SageStream credit reports.
As @esthery points out in the comments, it’s possible to refer a friend for Flexperks cards. Make sure to include your friend’s FlexPoints number on the application in the “Referring Friend’s FlexPoints #” field. Don’t use a referral link if you want the Olympic bonus credit.
Hat tip and thanks to @MinnTraveler for passing on this information to us
