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U.S. Bank FlexPerks® Business Travel Rewards Card review

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U.S. Bank FlexPerks® Business Travel Rewards Card

A small business credit card that lets you earn double points on travel expenses.

  • 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 a good to excellent credit score of 670 or higher.
Product NameU.S. Bank FlexPerks® Business Travel Rewards Card
Card TypeVisa
Annual Fee$0 intro annual fee for the first year ($55 thereafter)
Standard Purchase APR14.24% to 25.24% variable
Intro Purchase APR

N/A

Standard Balance Transfer APR14.24% to 25.24% variable
Intro Balance Transfer APR

N/A

Balance Transfer Fee$5 or 3% of the transaction, whichever is greater
Cash Advance Rate26.24% variable
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 30 days
Late Payment Fee$39
Returned Payment Fee$35
Additional Cardholder Fee$10
Rates & Feesrates & fees
Minimum Age18 years of age
Welcome Offer25,000 after spending $2,000 in the first 4 months
Rewards2x points at gas stations, office supply stores or airlines, whichever you spend most on each month, 2x on cell services and charity and 1x on all other purchases
Base Rewards1x points

The basics

The U.S. Bank FlexPerks® Business Travel Rewards Card is a small business credit card designed for frequent travelers. You earn 2 points per dollar on a category you spend most — gas, airfare or office supplies — 2 points for cell phone expenses and 1 point on all other purchases. Redeem these points for flights, car rentals, hotel bookings, cruises, gift cards, shopping and more.

FlexPoints explained

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 $25,000 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.

Another U.S. Bank business card

U.S. Bank Business Platinum

  • 0% intro APR on purchases and balance transfers for the first 20 billing cycles. After that, variable APR currently 12.24% - 20.24%
  • No annual fee
  • Free employee cards
  • Zero fraud liability protects you against unauthorized transactions
  • This product is available in the following states:
  • AR, AZ, CA, CO, IA, ID, IL, IN, KS, KY, MN, MO, MT, ND, NE, NM, NV, OH, OR, SD, TN, UT, WA, WI, WY
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The perks

  • Signup bonus.

    Spend $2,000 on purchases in the first 4 months after you open your account and get the equivalent of $25,000 in FlexPoints, if you redeem your points for eligible airfare, car rentals, or hotel stays.

  • Earn FlexPoints.

    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.

  • Airline allowance.

    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.

You’ll also like

  • 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%.

  • Travel protection.

    You are insured against accidental death and dismemberment and against rental car collision damage. You can also get reimbursed for lost luggage and you get access to travel and emergency services.

  • Car rental discounts.

    Take advantage of discounts and additional offers at National Car Rental®, Enterprise Rent-A-Car® and Alamo® Rent A Car.

  • Purchase protection.

    Keep your funds secure with zero fraud liability and 24/7 fraud monitoring in case of unauthorized purchases.

  • Spending controls.

    Set spending controls for your employees’ business cards based on time, place and dollar amount. You can also set up account alerts or customize payment due dates.

  • Earn frequent flyer miles.

    When you get an award travel flight, you earn frequent flyer miles on the airline you fly with.

  • Encore relationship rewards.

    Pair the U.S. Bank FlexPerks® Business Travel Rewards Card with a U.S. Bank Payment Solutions merchant account and 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

  • Annual fee.

    The U.S. Bank FlexPerks® Business Travel Rewards Card 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®.

  • Penalty APR.

    You’ll be charged a penalty APR of 29.99% variable if you don’t make the minimum payment due in 24 to 30 days after the close of the billing cycle.

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What size business is the U.S. Bank FlexPerks® Business Travel Rewards Card 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 Card, 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 a good to excellent business credit score of 670 or higher. Businesses with a high credit score and steady revenue have a better chance of being approved.

What do customers say about the U.S. Bank FlexPerks® Business Travel Rewards Card?

U.S. Bank is accredited with the Better Business Bureau and receives a B rating. As of June 2018, it has a composite score of 2.80 out of 5 stars based on 111 customer reviews. Most of the negative feedback revolves around poor customer service and hidden costs. To avoid surprises, make sure you read the card’s terms.

How to apply for the U.S. Bank FlexPerks® Business Travel Rewards Card

  1. Go to the U.S. Bank website and select the U.S. Bank FlexPerks® Business Travel Rewards Card. Click Apply Now.
  2. Complete the application form with all the required information about yourself and your business.
  3. Review your application and submit it.

How long will it take to get my U.S. Bank FlexPerks® Business Travel Rewards Card?

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.

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% variable.
  • 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.

Bottom line

The U.S. Bank FlexPerks® Business Travel Rewards Card 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

Images: usbankedge.com

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