Go for the Gold with USBank FlexPerks Olympics Promotion

Visa and USBank have teamed up to spice up the bonus on the FlexPerks card in order to celebrate the 2014 Winter Olympics.  This short-term FlexPerks Olympics Promotion boasts a higher sign on bonus than what was previously offered.

Link: USBank FlexPerks Travel Rewards Visa Card.

Olympics USBank PromotionWhat is the FlexPerks Olympics Promotion?

Brad and I don’t earn a commission when you get this card, but you should be able to know about some of the newer offers that are coming out, so we want to bring them to you.  When creating the formula for this card they did it based up on the amount of medals that the USA earned during the Olympics according to the following format:

Travel Reward Credit CardWith the USA’s 28 total medals USBank and Visa bumped the promotion from 20,000 FlexPerks up to 27,450.  Thank you to all those who represented us in the Olympics.

What are the other Terms of the FlexPerks Travel Rewards Visa?

Of course they include this one:

We will first consider you for the U.S. Bank FlexPerks Travel Rewards Visa Signature card. If you are not eligible for the Travel Rewards card, you’ll automatically be considered for the U.S. Bank FlexPerks Select Rewards card, which does not qualify for the Sochi Olympic Bonus FlexPoints.

Bummer.  If you’re not approved for the best card, they’ll approve you for one that is significantly inferior.

Spending Requirement? Yes.  You’ve got to spend $3500 within the first four months.

Annual Fees?  U.S. Bank FlexPerks Travel Rewards Visa® Card: $0 introductory annual fee for the first 12 months, After that $49

Foreign Transaction Fees? Yes.  2-3% per charge.  Ouch.

Taking advantage of this offer is going to require you to hurry.  The terms state:

Get approved for a new FlexPerks® Travel Rewards Visa Card* issued by U.S. Bank before 3/7/14 and make a purchase by 3/31/14, and you could earn the points below – based on the total number of medals that Team USA won at the Sochi 2014 Olympic Winter Games – courtesy of Visa!1

The downer is that you must be approved by March 7th.  Sometimes it takes them a couple of days to decide whether or not they’ll offer you the card, so you better get the application rolling if you plan on getting this card.

Redeeming your FlexPerks

Putting your FlexPerks to work isn’t as easy as the BarclayCard Arrival.  In fact, it’s not very friendly at all.  To maximize this offer you’d want to find a flight that would normally cost you $599.99.  What?  Confusing right.  They value 30,000 FlexPerks at $600.  Whether you buy a flight that is $599.99 or $99, they burn all of the FlexPerks.  Here is the chart.

  • 20,000 FlexPoints = Up to $400 ticket value
  • 30,000 FlexPoints = Up to $600 ticket value
  • 40,000 FlexPoints = Up to $800 ticket value
  • 50,000 FlexPoints = Up to $1,000 ticket value

You’ll be really close to the 30,000 FlexPerks with this Olympics Promotion once you meet the spending requirement on this card.  That makes the value of this card a maximum of $600, but could be less depending on how much the flight is that you book.

This FlexPerks Olympics Promotion isn’t the best offer I’ve ever seen out there, so don’t all hurry at once to get this card.  If you’re out of other options, this might be one you give a try.  Let us know if you get approved and tell us when you use the points to get out there and wanderlust.


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