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FlexPerks® Business Edge™ Travel Rewards Card

Caroline Lupini
Updated on: 12/06/2017
RE®: 56
Our Rating
FlexPerks® Business Edge™ Travel Rewards Card
How to Apply

To apply for this offer please contact
U.S. Bank

For excellent/good credit

"Earn bonus points for the category of purchases you spend the most on, and redeem for airfare from nearly any airline."

The FlexPerks Business Edge Travel Rewards card is a good option for anyone looking for a flexible travel rewards card. It offers a 20,000 points sign-up bonus, and the points earned for everyday spending can really add up, too.

You’ll get 2 points per dollar for a category that is determined monthly by what you spend the most on. The options are airlines, gas or office supplies. Additionally, cell phone expenses always earn two points per dollar. All other purchases earn 1 point per dollar.

The Business Edge card has a $55 annual fee, but it’s waived the first year. If you spend more than $24,000 in net purchases annually, your annual fee will be credited back to your account.

Bonuses and Benefits

Knowing what benefits come with a credit card can help you decide if it’s a good fit for you. Here we cover the bonuses and perks that the FlexPerks® Business Edge™ Travel Rewards Card offers and the value of the U.S. Bank U.S. Bank FlexPerks® Rewards FlexPoints® you earn.

Bonuses

The FlexPerks Business Edge card offers a sign-up bonus of 20,000 FlexPoints after meeting a $2,000 minimum spending requirement within the first four months of account opening. Every time you use your FlexPoints to book an award flight, you’ll receive a $25 airline allowance to help with in-flight food and drinks, baggage fees and other airline incidentals.

What You Get

  • Earn 20,000 points after spending $2,000 within the first 4 months
  • Get a $25 airline allowance, good for baggage fees, in-flight purchases and more, every time you redeem for an award flight
  • 2 points per dollar for cell phone expenses
  • 2 points for gas, offices supplies or airfare—whichever you spend the most on that month
  • Annual fee and employee card fee waiver if you spend $24,000 on the card in a year

FlexPoints expire at the end of the calendar quarter that is five years from the date on which they were earned. For example, points earned in December 2017 will expire December 31, 2022. There is no way to keep your points from expiring; you will need to use them by the expiry date or forfeit them.

What is the value of the U.S. Bank FlexPerks® Rewards Flexpoints®?

FlexPoints are worth at least one cent each, but their value depends on how they are used. It is generally possible to get 1.33 cents per point in value when redeeming for flights. The maximum value of a Flexpoint is two cents.

Sign-up Bonus
Flight Type
Average CPM
RE® VALUE
20,000
FlexPoints®
Economy · Domestic1.81cpm$362
Business · Domestic1.91cpm$382
Economy · International1.91cpm$382
Business · International5.62cpm$1,124

What is CPM and How Is It Calculated?

Cents Per Mile (CPM) is a way to measure the value of miles or points. It tells you how many cents you get for each mile or point you redeem by dividing the cash price of the airline ticket by the number of miles or points the award flight costs. That amount is multiplied by the number of miles or points earned per dollar spent on everyday purchases to account for cards that earn more than one mile per dollar spent.

How we calculate CPM:

÷×100=
The final result:
2.00cpm

The Best Ways to Redeem FlexPerks® Business Edge Travel Rewards Flexpoints®

The best way to redeem FlexPoints is for flights. When redeeming for flights, you can get a maximum of two cents per point in value. Other redemption options are available, including hotels, car rentals and cruises that offer a maximum of 1.5 cents per point; an annual fee credit that offers 1.4 cents per point; and merchandise, gift cards and statement credits that offer one cent per point.

The Best Way to Redeem Rewards for Travel in

Roundtrip Domestic

  • Austin
    New York

    AustinNew York

    Economy class
    Miles price
    15,000Points
    +$29 fee
    Dollars price
    $299
  • Chicago
    Los Angeles

    ChicagoLos Angeles

    Economy class
    Miles price
    24,700Points
    +$0 fee
    Dollars price
    $247
  • Seattle
    Denver

    SeattleDenver

    Economy class
    Miles price
    18,600Points
    +$0 fee
    Dollars price
    $186

Roundtrip International

  • New York
    Moscow

    New YorkMoscow

    Economy class
    Miles price
    51,500Points
    +$251 fee
    Dollars price
    $810
  • Los Angeles
    Paris

    Los AngelesParis

    Economy class
    Miles price
    49,750Points
    +$300 fee
    Dollars price
    $1,605
  • Houston
    Frankfurt

    HoustonFrankfurt

    Economy class
    Miles price
    49,750Points
    +$360 fee
    Dollars price
    $1,777

Roundtrip Domestic

  • Miami
    Honolulu

    MiamiHonolulu

    Business class
    Miles price
    80,000Points
    +$20 fee
    Dollars price
    $2,083
  • Miami
    Washington

    MiamiWashington

    Business class
    Miles price
    52,900Points
    +$0 fee
    Dollars price
    $529
  • Pittsburgh
    Houston

    PittsburghHouston

    Business class
    Miles price
    50,000Points
    +$13 fee
    Dollars price
    $827

Roundtrip International

  • Washington
    Porto

    WashingtonPorto

    Business class
    Miles price
    88,000Points
    +$503 fee
    Dollars price
    $5,041
  • Los Angeles
    Tel Aviv

    Los AngelesTel Aviv

    Business class
    Miles price
    104,000Points
    +$395 fee
    Dollars price
    $4,403
  • Atlanta
    Madrid

    AtlantaMadrid

    Business class
    Miles price
    88,000Points
    +$654 fee
    Dollars price
    $4,044

Other ways you can redeem FlexPoints®

Hotel Stays

4+ partners4+ partners

It is possible to redeem your FlexPoints for hotels (Fairmont Hotels & Resorts, Hyatt Hotels & Resorts®, Marriott® Hotels, The Ritz-Carlton®, etc.) at a maximum rate of 1.5 cents per point.

Car Rental

3 partners3 partners

It is possible to redeem your FlexPoints for car rentals (Avis®, Budget®, Hertz) at a maximum rate of 1.5 cents per point.

Gift Cards

It is possible to redeem your FlexPoints for gift cards at a rate of one cent per point.

Cash Back

It is possible to redeem your FlexPoints for cash back in the form of a statement credit at a rate of one cent per point.

Everyday Earnings

The FlexPerks Business Edge card offers two points per dollar spent on gas, office supplies or airfare—whichever category you spend the most on each month—and for cell phone expenses. You’ll also earn one point per dollar for all other purchases. If you spend $24,000 in net purchases annually, your $55 annual fee and the $10 fee for each employee card will be credited back to your account.

FlexPerks Business Edge Travel Credit Card Rewards

Customize your spending detailsSpecify your parameters
Your Monthly Charges
Rewards You Will Earn Annually
24,000FlexPoints®$480in dollar value
Hotel
1FlexPoints®/$1
Grocery
1FlexPoints®/$1
Gas
2FlexPoints®/$1
Cell phone expenses
2FlexPoints®/$1
Airfare
2FlexPoints®/$1
All Other Purchases
1FlexPoints®/$1

Travel Benefits

The FlexPerks Business Edge card isn’t a premium travel card, but it does offer a couple benefits worth mentioning.

Airline Incidentals

When you book an award ticket with your FlexPoints, you’ll get $25 to cover airline incidentals, including checked bag fees, seat selection fees and in-flight food and drink purchases.

No Foreign Transaction Fees

You’ll never pay additional fees to use your card abroad.

ic_elite_statusCreated with Sketch.Earn Elite Status Fast

The FlexPerks Business Edge card doesn’t offer the ability to earn elite status fast with any airline or hotel program.

Fees: the cost of Having the Card

In order to cover the $55 annual fee, you’ll need to spend at least $4,135 in purchases each year. This assumes that you are able to achieve a value of at least 1.33 cents per point.

The FiexPerks Business Edge card waives the annual fee for the first year, so any amount of spending you do in that year puts you ahead. Additionally, the 20,000-point sign-up bonus more than covers the annual fee.

Annual Fee
$0 first year, then $55
Balance Transfer Fee

Either 3% of the amount of each transfer or $5 minimum, whichever is greater

Foreign Transaction Fee
0%
Late Payment Fee
$19 on balances up to $100, $29 on balances from $100 up to $250, $39 on balances of $250 or more

See What It Takes to Cover an Annual Fee:

Your Average Monthly Spend
Months to Cover Annual Fee
2 months

Recommendations

We strongly recommend to spend not less than $1,013 per months to cover the annual fee in three months.

We’ve broken out our estimates for the first- and second-year net earnings you’ll get with the FlexPerks Business Edge Travel Rewards card. Is the card worth getting, and should you keep it after you get the sign-up bonus? Let’s find out.

These estimates are based on an annual monthly spend of $2,000

First Year

Signup Bonus
$400
Anniversary Bonus
$0
Everyday Rewards
$480
Statement Credit
$0
Free Bags
$50
Earnings
$930
Foreign Transaction Fees
-$0
APRS Charges
-$0
Annual Fee
-$0
Charges
-$0
Rewards Earned First Year
$930

Second Year

Signup Bonus
$0
Anniversary Bonus
$0
Everyday Rewards
$480
Statement Credit
$0
Free Bags
$50
Earnings
$530
Foreign Transaction Fees
-$0
APRS Charges
-$0
Annual Fee
-$55
Charges
-$55
Rewards Earned Second Year
$475

Top 5 Benefits of the FlexPerks Business Edge Travel Rewards Card

The Business Edge Travel Rewards card offers some great benefits. Here are the top five:

  1. Great Earning Potential: Get 2 FlexPoints per dollar spent on the category you spend the most in every month: gas, office supplies or airfare. You’ll also get double points on cell phone purchases.
  2. Big Sign-Up Bonus: This card comes with a huge sign-up bonus of 20,000 points. That’s worth up to $400 in flights!
  3. Airline Incidental Credit: When you use your FlexPoints to book a flight, you’ll also be given $25 to use toward airline incidentals like checked bag fees, seat selection fees and in-flight purchases.
  4. Low Annual Fee: Many travel credit cards charge an annual fee of $89 or more, but you’ll pay just $55 a year for the Business Edge card. Plus that fee is waived the first year!
  5. Annual Fee Waiver: If you spend at least $24,000 in net purchases annually, your $55 annual fee will be credited back to your account.

Should You Get the FlexPerks Business Edge Card?

The FlexPerks Business Edge Travel Rewards card is a solid option for someone looking to earn flexible travel rewards. FlexPoints earned from spending on your card can be used to redeem for travel on most airlines as well as hotels and car rentals. Non-travel redemptions are also possible for merchandise, gift cards and statement credits.

Flight redemptions are the best way to use FlexPoints, so that should be your plan if you decide to get this card. If you’d rather redeem for cash back, there are cards that offer a better return for spending. Considering the Business Edge card has a $55 annual fee, you should make sure that you can earn enough points to offset paying the fee for the card before you apply. Overall, it’s a good option for people looking for a flexible travel credit card.

FAQs

Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.

  • What kind of credit score do I need to be approved for the FlexPerks Business Edge card?

    Most people who are approved for the FlexPerks Business Edge card report having a credit score of 710 or higher. It is possible to be approved with a lower score, and it isn’t guaranteed to be approved even with a higher score. U.S. Bank will review your entire card application before deciding the outcome.
  • Can FlexPoints be transferred to airline miles?

    It is not possible to transfer your FlexPoints to airline miles, but you can use them to book flights. You’ll need at least 20,000 FlexPoints to redeem for a flight of up to $400.
  • Do I need a business to get the FlexPerks Business Edge card?

    Technically, you do need a business to get the Business Edge card, but the good news is that it can be any kind of business! If you sell things at a local art show or online, help the neighbors out with their gardening or cleaning, or do anything else that you make money from, you have a business and can apply for a business credit card.
Have A Question?
Ask our credit card expert!

Compare Cards

Before you get the Business Edge card, let’s look at a couple of other FlexPerks credit cards that could be a better fit for you.

FlexPerks® Business Edge™ Travel Rewards Card
For Excellent/Good Credit
Check which U.S. Bank card is the right fit for you
How to Apply for this card

To apply for this offer please contact
U.S. Bank

Other FlexPerks cards

FlexPerks® Select+ American Express® CardFlexPerks® Select+ American Express® CardFlexPerks® Travel Rewards Visa Signature® CardFlexPerks® Travel Rewards Visa Signature® Card
Sign-up bonus10,000 FlexPoints®20,000 FlexPoints®20,000 FlexPoints®30,000 FlexPoints®
Annual Fee$0$0 first year, then $55$0 introductory annual fee for the first 12 months, After that $49$85
APR On Purchases14.99% to 24.99% Variable±12.99% to 23.99% Variable±14.99% to 24.99% Variable±14.99% to 24.99% Variable±
Foreign Fee2%0%0%0%
Bonus Value$200$400$400$600
Second Year Value$480$480$480$480

The FlexPerks Travel Rewards Visa Signature card is most similar to the Business Edge card. Both cards offer a sign-up bonus of 20,000 FlexPoints after spending $2,000 in purchases within the first four months of account opening.

The FlexPerks Visa Signature also offers two FlexPoints per dollar spent on airlines, gas stations or grocery stores, whichever you spend the most in during a month, and two FlexPoints per dollar for cellular providers and on charity purchases, It has a $49 annual fee that is waived the first year.

The FlexPerks Gold American Express card offers a 30,000 points sign-up bonus after spending $2,000 in purchases within the first four months. You will earn three FlexPoints per dollar spent on purchases at restaurants, two FlexPoints per dollar spent at gas stations and with airlines, and one FlexPoint per dollar spent on all other purchases. It has a $85 annual fee.

The FlexPerks Select+ card offers a 10,000 points sign-up bonus after spending $1,000 within the first four months. You’ll earn 1 FlexPoint per dollar on all purchases, and this card doesn’t have an annual fee.

When deciding which of these cards is best, you should look at what categories you spend your money in and how much you spend. From there, see which card will offer you the most back for your spending.

Compare FlexPerks Business Edge Credit Card to Other Cards

It’s also worth it to compare the Business Edge card to other cards that don’t earn FlexPoints. The Ink Business Preferred, Wells Fargo Business Platinum and Business Gold Rewards cards all offer rewards that can be used for travel, like the Business Edge.

20,000FlexPoints® offer
FlexPerks® Business Edge™ Travel Rewards Card

Check if FlexPerks® Business Edge™ Travel Rewards Card is the best option for you

The Ink Preferred offers a sign-up bonus of 80,000 points after spending $5,000 on purchases within three months. With a $95 annual fee, you’ll earn three Ultimate Rewards points per dollar on the first $150,000 spent in combined annual purchases on travel, shipping, internet, cable, phone and advertising purchases.

The Business Gold Rewards card from American Express offers a 50,000 points sign-up bonus and has a $175 annual fee. It earns three points per dollar spent in one category from a list of five, two points per dollar spent in the other four categories, and one point per dollar for all other purchases.

The Wells Fargo Business Platinum card offers 1.5 percent cash back on all purchases and doesn’t have an annual fee.

When comparing these cards, you should consider what categories you spend in and how much. If you’re a light spender, a card with no annual fee might make more sense, but if you spend significantly in a category covered by another card, it might make more sense to pay the annual fee and earn more points.

Card Overview

Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.

Card Details

Excellent credit score
From 700 to 850
Issuer
U.S. BankU.S. Bank
Use miles
No
Pay with points
Yes

Flight Features

Available airline
Any
Loyalty Program
U.S. Bank FlexPerks® Rewards
Flights Type
Domestic and International
Alliance
Not a member

Travel Partners

Airlines
Any
Hotels
Any
Car Rental
Any
Cruise
Any

Card Terms and Conditions

While it's easy to focus on the rewards offered by the FlexPerks Business Edge Travel Rewards card, it's worth taking a closer look at the terms and conditions. There's a lot to consider as you think about how you're going to use the card. Will you carry a balance, get a cash advance or maybe make a big purchase? Below is a rundown of the various interest rates, purchase protections, security features and mobile banking options that come with this Business Visa card.

Purchases

Intro APR:
See Terms and Conditions
Intro APR for balance transfers:
See Terms and Conditions
Ongoing APR:
12.99% to 23.99% Variable±
Minimum Grace Period:
24 - 30 days

Cash Advance Features

Ongoing APR:
24.99% Variable±
Cash Advance Fee:
Either 5% of the amount of each advance or $10 minimum, whichever is greater

Security and Protections

The FlexPerks Business Edge card offers standard security features including the following:

EMV Chip + Signature Technology:
Get global acceptance and enhanced security at merchants that use chip-enabled terminals.
24/7 Fraud Monitoring:
U.S. Bank is monitoring for fraudulent purchases at all times.
$0 Fraud Liability:
You’re not liable for fraudulent purchases.

Mobile Banking

U.S. Bank offers a mobile app so you can monitor your spending while you’re on the go. The FlexPerks Business Edge is also compatible with Apple Pay, Android Pay and Samsung Pay.

Additional Cardholder Benefits

In addition to the benefits already discussed, the U.S. Bank FlexPerks Business Edge card has a few more worth noting:

Visa Signature Travel Benefits

Auto Rental Collision Damage Waiver:
Coverage for theft and collision for most rentals in the U.S. and abroad. Coverage is secondary to your personal insurance.
Lost Luggage Reimbursement:
Get reimbursed for damaged or lost bags. Coverage includes the cardholder and immediate family members on the same travel itinerary.
Travel Accident Insurance:
Receive accidental death or dismemberment coverage for any air, bus, train or cruise ship transportation paid for with your card.
Travel and Emergency Assistance Services:
Legal and medical referrals, and other travel and emergency assistance is available any time of day. Service charges apply.