[Targeted] U.S. Bank Spending Bonuses: 20%-50% Bonus Points

Update 7/29/21: Deal is back and valid August 1 – September 30 , 2021

The Offer

No direct link to offer, sent out via snail mail

  • U.S. Bank has sent out spending bonuses to some cardholders. The offers are for 20% or 50% bonus points but you need to spend a certain amount before the bonus points kick in (e.g spend $2,500 more)

The Fine Print

  • Valid through September 30 , 2021
  • Limit of 2,000 bonus points

Our Verdict

None of these offers are that great, although they are on the Fidelity card that earns 2% anyway so those offers could be OK. Annoying you need to spend before the bonus kicks in and low amount of bonus points as well.

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Dugroz Reports

I got an email today with one of these offers, so it must not be snail mail only.

Here’s what I got:

Start Earning

Earn up to 20% more points (up to 2,000 points) for every dollar you spend after you make $1,050 in purchases.*

Promotion Period

August 1 – September 30 , 2021

Get Enrolled

Enroll by August 31, 2021, and eligible purchases made between August 1 and September 30, 2021, will count toward this offer.

*** Calculation: X * 20% = 2,000. Solve for X, that comes to $10,000

So if I spend $11,050, I get an extra 2,000 points? Which, if spent on travel (1.5 CPP) gets me an extra $30???

WHOOPIE!!!

EastsideBK
EastsideBK

I don’t think this is what the offer is saying. I think you get an extra 20% on your actual *cashback*, not on what you spend initially. On my US Bank Cash+ card (where I got the offer) I get 5% back on utilities. I think this is saying that above $1,050, you get 6% (5% * 1.2) on your spend until you hit $20 or on $2,000 in spend (1% extra or 6%-5%). But since the 5% cap on this card is $2k for the quarter, I’d only spend $950 ($2,000 minus $1,050) which is an extra $9.50 ($950 * .01%)

At least that’s how I see it….US Bank offers are legendary for being written purposely confusing.

Gaurav
Gaurav

@williamcharles, might want to update the Fine Print valid through date, still says June 30. Latest round is through the end of September I think

Gadget - Bank Bonus Geek

Bonsues? French? William Charles

aubergine
aubergine

a good way to think of US Bank type of promos – what’s the max $ value here. would you drive across town to save $3 on chicken or something. that’s what they usually are – that kind of crazy high effort, low dollar incentive. maybe in a blue moon you can hit a bullet with a bullet and get value out of an offer. i don’t even track their offers on my spreadsheets anymore.

aubergine
aubergine

i find the US bank promos in general to be kind of bizarre, intended to be almost snarky
i had one for RV rental or something, an extra 2% on $500 of spend
that’s not a MCC code i think i have ever used, and the one time a family member rented an RV it was pretty $$$ i’m thinking 4k or so, so even that dollar value seems silly. that’s a spend that would go on a SUB card, which had some kind of insurance.

TravelGeek
TravelGeek

Spelling police entered the room:

Bonsues – is that a good lawsuit 😉

(in post title)

Michael
Michael

Got it on Fidelity via email. 50% bonus points after spending only $50 with no limit.

GengisKhan
GengisKhan

Mine was same but had to spend $150

Gaurav
Gaurav

Mine was after spending $650, no limit. (This is for August/September)

Snowbird
Snowbird

Lucky you. I was required to spend $4200!

CJ
CJ

I received the offer on two of my cards. What is hilarious is that in order to receive the bonuses, I have to spend over $51K on a card that has a $27K credit limit, so I will only earn the 50% bonus on $3K if I max out the credit limit. The other card only has a $5K credit limit, and I will only receive a 20% bonus on spend over $9,900, so the bonus is on $100.

aubergine
aubergine

there will be some people who don’t understand those subtleties, attempt the spend, get nothing and if unlucky…will get a fee charged for being over the credit limit

auberginebe
auberginebe

i got it on my Altitude but min spend of 2500. my yearly run rate has been about 12k, so they’re only willing to reward for above and beyond spend.

Grant

Got 20% bonus on my US Bank Altitude Reserve after spending $550. Came as a letter, no email yet. https://travelwithgrant.boardingarea.com/2021/05/26/20-bonus-points-on-us-bank-altitude-reserve-from-june-1-to-july-31-targeted-offer/