Another card issued by U.S. Bank is the U.S. Bank Flexperks Cash Rewards Visa. This is a little different from the U.S. Bank Travel Rewards Visa and may appeal to those more interested in earning cash back rewards instead of travel rewards. We’ll investigate this card further to help determine whether this card is for you.
The Basics
U.S. Bank FlexPerks Cash Rewards Visa has an introductory APR of 0% on balance transfers for the first 6 months. The APR for purchases can range from 13.99% to 23.99%. There is no annual fee for this credit card.
FlexPerks Cash Rewards
Cardholders earn 3% cash back on all gas purchases for the first 90 days and 1% cash back on all other purchases. There is no limit on the amount of rewards that can be earned and they don’t ever expire.
Earn Points With U.S. Bank Shopping Mall
Cardholders of the U.S. Bank FlexPerks Cash Rewards Visa also earn points by shopping with their card at the U.S. Bank Shopping Mall which includes additional savings and discounts from hundreds of merchants.
How to Redeem FlexPerks Cash Rewards
Cash back from purchases can be redeemed in $5 increments with a minimum redemption of $20. Rewards can be redeemed once you have reached $20, either deposited directly to your U.S. Bank checking, savings or money market account, or to a U.S. Bank Rewards Card or statement credit.
Conclusion of the Investigation
The 3% gas cash back reward is only available for the first three billing cycles of card ownership and then most all of your purchases receive a 1% cash back reward. If you are really interested in earning cash back through purchases with a credit card, there are better cash rewards cards. You are able to take advantage of a number of deals and discounts shopping with the U.S. Bank Shopping Mall and since there is no annual fee for the U.S. bank FlexPerks Cash Rewards Visa as well as a 0% introductory APR on balances transfers, you can save quite a bit of money.