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U.S. Bank FlexPerks Select Rewards Visa Credit Card Review

A Great Start, But Then Mediocre Rewards

About.com Rating 3.5 Star Rating


A great startup bonus, but the rewards are rather thin after that.

Who the U.S. Bank FlexPerks Select Rewards Visa Credit Card Is For

  • People who want to earn free travel and other rewards on their credit card spending.

Credit Rating Required

  • Fair and up (660+).

About the U.S. Bank FlexPerks Select Rewards Visa Credit Card


  • Large bonus for new cardholders: 5,000 bonus points after $250 in purchases within first 90 days.
  • No limit on rewards earned.
  • No travel blackout dates.
  • Rewards points values are clearly spelled out.
  • Rewards good for travel, gift cards, merchandise, and statement credits.
  • Discounted Silver Club membership in Hideaways Aficionado Club at $90 per year, a $55 savings.


  • Rewards values are relatively thin: one percent on travel, 0.5 percent on other rewards.
  • High redemption threshold: Minimum 5,000 points.


  • One FlexPoint for every two dollars of purchases.


  • 11.99 to 22.99 percent on purchases, depending on your credit history.
  • Zero percent on balance transfers for first six months, then the purchase rate.


  • No annual fee.
  • Late payment fee: Up to $25.
  • Returned payment fee: Up to $25.
  • Over the limit fee: Up to $25.
  • Balance transfer fee: Four percent of balance.

U.S. Bank FlexPerks Select Rewards Visa Credit Card Review

The U.S. Bank FlexPerks Select Rewards Visa gives you a great welcome bonus. You can earn 5,000 bonus points if you spend just $250 within your first 90 days of getting the card. That's worth a $50 statement credit or gift certificate.

After that, however, the rewards are rather slim compared to the competition. You earn one FlexPoint for every $2 you spend on the card. According to the rewards grid on the card's website, those points work out to a one percent reward if you redeem them for airline tickets and 0.5 percent if you redeem them for statement credits, gift cards, or something else.

For example, you'll need 20,000 FlexPoints to get an airline ticket worth up to $400. You'll have to spend $40,000 to earn that many points. Similarly, a $50 statement credit costs 5,000 points, or $10,000 of spending.

I have to give U.S. Bank some credit. Unlike any other bank I've seen, U.S. Bank provides a long list of rewards with the point totals needed for redemption. Most other banks give you little clue to what their point rewards are worth. At least here you know what you're getting into.


While the initial bonus of 5,000 points for just $250 of spending is terrific, the rewards package after that is pretty weak. There are many other cards on the market that offer better rewards.

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