U.S. Bank FlexPerks® Business Travel Rewards review
Please note: This card has been discontinued, and it is not available on our site.
- Get this card if you or your employees are often on the road.
- Pick something else if you want cashback rewards or a card with a low intro APR on purchases and balance transfers.
- Apply with an excellent credit score of 740 or higher.
Discontinued productThis card has been discontinued, and it is not available on our site. Compare other credit cards or take Finder's credit card quiz to find one that fits your needs.
How to apply for the U.S. Bank FlexPerks® Business Travel Rewards
- Go to the provider's site and click Apply now. (see rates & fees).
- Complete the application form with all the required information about yourself and your business.
- Review your application and submit it.
How long will it take to get my U.S. Bank FlexPerks® Business Travel Rewards?
You should get a decision within minutes. If you don’t, call 1-800-947-1444 and choose option 1 to get a status on your application.
Once approved, you should get your card within 10 business days by mail.
Spend $2,000 on purchases in the first 4 months after you open your account and get the equivalent of $375 in FlexPoints, if you redeem your points for eligible airfare, car rentals, or hotel stays.
Earn 2x points in the category you spend most — either gas, office supplies or airline purchases — 2x points on cell phone expenses and 1x points on all other purchases. Redeem points for travel rewards, shopping or cash back in the form of a deposit to a U.S. Bank checking or savings account or as a statement credit.
Get up to $25 airline allowance for baggage fees, seat upgrades or in-flight food and beverages with each redeemed airline award ticket. If you redeem two award tickets, you may earn the amount of two airline allowances — up to $50. You must contact cardmember services within 90 days after travel to request the airline allowance be credited to your account.
Annual fee credit.
Spend more than $24,000 per year and U.S. Bank will credit your card’s annual fee of $55, plus $10 for each employee card. That’s just $2,000 in monthly spending to clear the annual fee.
No foreign transaction fees.
Use your card freely when traveling overseas without paying additional fees. Other cards have international transaction fees of up to 3%.
Get travel protection such as lost luggage reimbursement, rental car coverage, access to travel and emergency services, and accidental death and dismemberment coverage. Also, receive car rental discounts.
If you pair the U.S. Bank FlexPerks® Business Travel Rewards with a U.S. Bank Payment Solutions merchant account, you’ll earn relationship rewards whenever your customers pay you. This can be beneficial if your company often takes credit card payments.
What to watch out for
The U.S. Bank FlexPerks® Business Travel Rewards has an annual fee of $55 after the first year, which can be waived if you make more than $24,000 in purchases annually. In addition, you’ll get a $10 credit for every employee card. If needed, you can redeem around 6,000 FlexPoints to cover the annual fee.
No intro APR on purchases and balance transfers.
If you’re looking for a card with an intro APR, consider the U.S. Bank Business Cash Rewards World Elite™ Mastercard®.
You’ll be charged a penalty APR of 29.99% fixed if you don’t make the minimum payment due in 24 to 30 days after the close of the billing cycle.
Earn FlexPoints with every purchase you make using this card. If you don’t like to wait to earn more points, you can buy FlexPoints at a rate of 3 cents per point. You can purchase a minimum of 3,000 points in 1,000 point increments, up to 60,000 in one calendar year.
Redeem FlexPoints for:
Travel rewards, including airfare, hotels and car rentals — each point is worth 1.5 cents.
- Annual fee — each point is worth 1.4 cents.
- Statement credit — each point is worth 1 cent.
- Merchandise from Apple, Sony, Oakley, Canon, Dell and more — each point is worth 1 cent.
- Gift cards for Amazon, Best Buy, Sears, Starbucks and more — each point is worth 1 cent.
To put this into perspective, suppose you spend $10,000 per year on air travel or gas. You’ll annually earn 20,000 points — worth $300 in travel rewards. That’s 3% in cashback value. If you spend on all other purchases, you’ll get an additional 25,000 points. Your FlexPoints value for the combined purchases in this case is $375, or 1.5%.
FlexPoints highest value is achieved when you spend more money on a specific category, like gas or air tickets, and then you redeem your points for travel rewards.
What size business is the U.S. Bank FlexPerks® Business Travel Rewards good for?
Small businesses whose employees travel often could find this card useful. It lets you earn double points per dollar spent on cell phone expenses and either gas or airlines, whichever category you buy from more. And if you spend more than $24,000 per year, you’ll get a credit in the amount of your card’s annual fee. You also get up to $25 in airline allowance to treat yourself with in-flight food and beverages or to get a seat upgrade when you redeem an award ticket.
Aside from flights, you can redeem your points for hotels, car rentals, shopping and more.
What should I know before I apply?
To apply for the U.S. Bank FlexPerks® Business Travel Rewards, you need to live in a state that has a U.S. Bank branch. You’ll also need to provide information about you and your business that includes:
- Business name and address
- Years in business and type of business
- Expected monthly transactions
- Personal information of the company owner
What credit score do I need?
You can apply with an excellent business credit score of 740 or higher. Businesses with a high credit score and steady revenue have a better chance of being approved.
U.S. Bank FlexPerks® Business Travel Rewards reviews and complaints
U.S. Bank has been accredited with the Better Business Bureau since 1970 and earns an overall A+ rating as of October 2020. Roughly 98% of its reviews are negative — and it has nearly 2,300 customer complaints. U.S. Bank customers in general complain of duplicitous customer service reps, issues disputing charges and inflexible company policies.
The company earns a Trustpilot score of 1.5 out of 5 as of October 2020. Many negative reviews cite unhelpful customer service and unethical activities.
I got the card. Now what?
- Enroll in online banking. To use the FlexPoints you earn, you must enroll in online banking at the U.S. Bank website.
- Make timely payments. If you don’t, you’ll incur late fees up to $39 and a penalty APR of 29.99% fixed.
- Customize employee cards. Set spending controls based on time, place or dollar amount, and set up account alerts.
- Track your spending. With the online tools at your disposal, you can monitor your employees’ and your own spending.
- Contact customer service. For any questions, call U.S. Bank at 1-800-374-7979.
Compare business credit cards
The U.S. Bank FlexPerks® Business Travel Rewards offers reward points to those who travel often. And if your business takes lot of credit card payments from your customers, you can earn reward points by combining your FlexPerks card with a U.S. Bank merchant processing account.
Before applying for a credit card, you should always compare your options to find the best one that suits your needs.
Frequently asked questions
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Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.
The U.S. Bank FlexPerks® Business Travel Rewards is a small business credit card designed for frequent travelers. It has an intro $0 annual fee that increases to $55 starting the second year. It also offers a rewards program with 2x points on a category you spend most — gas, airfare or office supplies — 2x points for cell phone expenses and 1x point on all other purchases.
While its rewards aren’t spectacular, the card offers a few unique perks. When you book award flights through the US Bank travel portal, you’ll earn a $25 airline allowance. This is on top of your points getting a value of 1.5 cents each when redeemed for travel. Ultimately, these additions mean you can earn a strong 3% rewards rate or higher on your spending.
The card has an annual fee of $55 starting the second year. But each account year you make at least $24,000 in purchases, U.S. Bank will waive that cost. You’ll also get a $10 credit for every employee card on your account. Qualifying means you must make an average of $2,000 in purchases each month — very reasonable for many businesses.
While the card lacks powerful travel features, this isn’t unexpected given its annual fee. If your business spending lines up with the card’s bonus categories — and you’re able to use your points for travel — this product could be a great pick.