Update: Similar offers being sent out on other US Bank cards as well. Hat tip bc1280
The Offer
The Fidelity credit card sent out spend offers, I think this one via snailmail:
- Spend a certain amount and get bonus rewards on purchases beyond that amount.
The offer varies by the person. As an example: after you spend $850 you’ll get 20% bonus rewards (2.4% per dollar), up to $20 in total bonus rewards.
The Fine Print
- Spend between March 1 – April 30
Our Verdict
I think they are trying pushing up your spend, so whatever they expect you to spend, they’ll give you a bonus for spend above that. Given the card already earns 2%, and some people use it anyway, this offer might be useful to some people.
Hat tip to @telewatcr
Just got a new offer, 20% bonus points after $1400 spend between Aug 1st and Sept 30th.
Did anyone ever get their bonus points?
I know the terms said 2-3 billing cycles after the promotion ends, and two billing cycles have passed for me. Will they really wait until the end of the 3rd billing cycle?
I only have to spend $150 to activate the offer.
Just noticed Fidelity lowered the minimum redemption to 2500 points. Used to be 5000.
Got an email and a snail mail letter yesterday, my spend is $2000. Not a great offer in that $2k spend simply unlocks the extra .4% on top of anything AFTER that $2k spend. My monthly spend averages only around $800 or so on this card.
Thanks for the post. I got a 20% cashback bonus offer up to $20 after $50 spend on one of my two Cash+ Visas from US Banks. Note this is 20% extra, not 20% cashback so 5% categories would pay at 5.2% and 2% categories would pay at 2.2%. Nice little bonus for my auto pays.
Terms and Conditions:
¹ To be eligible for this offer that lasts March 1 through April 30, 2020 (promotion period), you need to enroll by March 31, 2020. Once you spend a net of $50 during the promotion period, additional net purchases (net purchases are purchases minus credits and returns) will be awarded an extra 0.20% cash back per dollar spent (up to a maximum of $20). The 20% more cash back is based on the 1% cash back you already earn, which means 1.2% cash back for every net dollar spent. If purchases during this promotion apply in your chosen cash back categories, you’ll earn 2.2% and 5.2% cash back for those net purchases. Extra cash back will be credited to your Account 2–3 billing cycles after the end of the promotion period. Your Account must remain open, have available credit and be current (no minimum payment past due) to qualify. This offer may not apply if the type of rewards that you earn changes within 12 weeks before March 1, 2020, or changes before the additional cash back is applied. See the Cardmember Agreement for complete details. This offer is accurate as of February 1, 2020. If you have any questions, call Cardmember Service at 800-285-8585.
I got 20% back after $14,800 spend.
How long does the 20% increase last? All year or for just March 1 – April 30?
Just March to April 30
Got an email that says if I spend $1650, I’ll receive 2000 bonus points. Doesn’t seems to be worth it to me.
How do y’all get targeted for these offers? I spend every so often on the categories. Do I need to stop using my USBank card?
I got one for US Bank Cash+ via email
To be eligible for this offer that lasts March 1 through April 30, 2020 (promotion period), you need to enroll by March 31, 2020. Once you spend a net of $200 during the promotion period, additional net purchases (net purchases are purchases minus credits and returns) will be awarded an extra 0.20% cash back per dollar spent (up to a maximum of $20). The 20% more cash back is based on the 1% cash back you already earn, which means 1.2% cash back for every net dollar spent. If purchases during this promotion apply in your chosen cash back categories, you’ll earn 2.2% and 5.2% cash back for those net purchases. Extra cash back will be credited to your Account 2–3 billing cycles after the end of the promotion period.