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FlexPerks® Select+ American Express® Card

Caroline Lupini
Updated on: 09/08/2017
RE®: 56
Our Rating
FlexPerks® Select+ American Express® Card
How to Apply

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

For excellent/good credit
"This no-fee card is a solid choice for earning valuable travel rewards with flexible redemption options"

The U.S. Bank FlexPerks Select+ American Express may not be the most rewarding card available, but it’s not bad for a no annual fee card. It offers a 10,000 points sign-up bonus, and each point can be worth as much as two cents each when redeemed for award flights.

Unfortunately, you need at least 20,000 points to redeem, which means you’ll have to spend $10,000 before you can get a free flight. That’s because there are no bonus categories and every dollar spent on the card earns just one point.

If you’re looking for a card that offers fairly valuable reward options and more than one cent per point in value, this card is an okay option, especially considering that there’s no annual fee. However, there may be a better card for you, depending on what types of purchases you make and how much you spend.

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® Select+ American Express® Card offers and the value of the U.S. Bank U.S. Bank FlexPerks® Rewards FlexPoints® you earn.

Bonuses

When you get the U.S. Bank FlexPerks Select+ card, you will be able to earn a sign-up bonus of 10,000 points if you spend $1,000 within your first four months as a cardholder. Award travel redemptions start at just 20,000 points, so you’ll already be halfway to your first redemption with the sign-up bonus alone!

What You Get

  • 10,000 points after spending $1,000 within the first 4 months
  • 0% APR for 9 months on balance transfers

FlexPerks points expire at the end of the calendar quarter that’s five years from the date they were earned.

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

If you buy travel through the FlexPerks website, you should get a value of at least 1.33 cents per point. This means that your 10,000 points sign-up bonus is worth at least $133. The value of your points can reach as high as two cents each.

Sign-up Bonus
Flight Type
Average CPM
RE® VALUE
10,000
FlexPoints®
Economy · Domestic1.81cpm$181
Business · Domestic1.91cpm$191
Economy · International1.91cpm$191
Business · International5.62cpm$562

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 US Bank FlexPerks Select+ Amex Flexpoints®

Since the value of FlexPerks points is variable, there are ways to maximize their value. However, you’ll still want to focus on flights that are relatively inexpensive in order to save points. This means that you should use your FlexPerks mostly for economy class domestic or international flights. The cheaper a flight is, the fewer points you will pay! It is also to your benefit to book when airlines are running sales.

The cost to redeem points varies depending on the price range the ticket falls into. For flights up to $400, award seats cost 20,000 points. This means that the closer you can get to $400, without going over, the more value you will get from your points. The next range goes from $400.01 to $600 and costs 30,000 points.

The Best Way to Redeem Rewards for Travel in

Roundtrip Domestic

  • Austin
    New York

    AustinNew York

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

    ChicagoLos Angeles

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

    SeattleDenver

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

Roundtrip International

  • New York
    Moscow

    New YorkMoscow

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

    Los AngelesParis

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

    HoustonFrankfurt

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

Roundtrip Domestic

  • Miami
    Honolulu

    MiamiHonolulu

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

    MiamiWashington

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

    PittsburghHouston

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

Roundtrip International

  • Washington
    Porto

    WashingtonPorto

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

    Los AngelesTel Aviv

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

    AtlantaMadrid

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

Other ways you can redeem FlexPoints®

Hotel Stays

4+ partners4+

It is possible to redeem FlexPerks points for hotel stays with a maximum value of 1.5 cents each.

Car Rentals

3 partners3

You can also redeem points for car rentals with a maximum value of 1.25 cents each.

Cash Back

FlexPerks points can be redeemed for a statement credit at a rate of one cent each.

Gift Cards

Points can be redeemed for gift cards from a wide variety of partners.

Everyday Earnings

The U.S. Bank FlexPerks Select+ card offers very simple rewards for everyday earning. You will earn one point per dollar for all purchases. The FlexPerks Select+ card doesn’t offer any bonus categories. Since points can be redeemed for as much as 1.3 to 2 cents each, you’re essentically getting 1.3 percent to 2 percent back on all of your purchases.

US Bank FlexPerks Select+ Amex Credit Card Rewards

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

Travel Benefits

Foreign Transaction Fee

You’ll pay 2% for each foreign purchase or foreign ATM transaction in U.S. Dollars, and 3% if it’s in a foreign currency.

Fees: the cost of Having the Card

The FlexPerks Select+ card doesn’t have an annual fee, so you don’t need to spend anything to cover the cost. However, you should consider the cost of spending on the FlexPerks Select+ versus spending on another card. If you can get better rewards for a specific purchase with a different card, you should use it.

Since this card comes with a 10,000 points sign-up bonus, you will automatically come out ahead during your first year as long as you can earn enough points to actually make a redemption. Remember that redemptions start at 20,000 points, so you will need to spend $10,000 on your FlexPerks Select+ card to earn enough for a redemption.

Annual Fee:
$0
Balance Transfer Fee:

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

Foreign Transaction Fee:
2% - for foreign transaction in $; 3% - in a Foreign Currency
Late Payment Fee:
Up to $38

The U.S. Bank FlexPerks Select+ American Express is a no-fee card. You do not have to earn a certain amount of rewards in order to cover the cost since it’s free. It’s still good to know roughly how much you’ll be earning, though. We’ve broken out our estimates for the first- and second-year net earnings.

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

First Year

Signup Bonus
$200
Anniversary Bonus
Everyday Rewards
$480
Statement Credit
Free Bags
Earnings
$680
Foreign Transaction Fees
-$0
APRS Charges
-$0
Annual Fee
-$0
Charges
-$0
Rewards Earned First Year
$680

Second Year

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

Top 5 Benefits of the U.S. Bank FlexPerks Select+ American Express Card

The FlexPerks Select+ card isn’t the most valuable out there, but it does offer decent redemption value for a card that doesn’t have an annual fee. Here are the top benefits of the FlexPerks Select+ card.

  1. Flexible Redemptions: Points can be used for statement credits or toward car rentals, hotels and flights. Depending on how you redeem, you can get up to two cents per point in value.
  2. Good Sign-Up Bonus: This card comes with a sign-up bonus of 10,000 points. That’s could be worth up to $200 in flights!
  3. No Annual Fee: You’ll never have to pay anything for this card. That means all the rewards you earn are essentially free. How can you beat that?
  4. Simple Earning: Every dollar you spend earns one point, and each point is worth up to two cents.
  5. Interest-Free Financing: Get 9 months of 0% APR for balance transfers. That’s a great way to pay down some of your credit card debt.

Should You Get the U.S. Bank FlexPerks Select+ American Express Card?

The U.S. Bank FlexPerks Select+ card doesn’t offer the most rewards for your spending, but it has no annual fee and solid redemption options. You’ll earn one point per dollar for all purchases and points can be worth as much as two cents each. If you are able to maximize your redemptions, you’ll essentially get 2 percent back for all of your purchases.

Realistically, you probably won’t be able to maximize your redemptions every time, so you’re probably get closer to an average of 1.25 to 1.75 cents per point. Considering this card doesn’t have an annual fee, that’s not a bad return.

The biggest downside to the FlexPerks Select+ card is that you need at least 20,000 points to redeem for an award flight. When you get the sign-up bonus, you’ll be half way there, but you’ll need to spend $10,000 to get the rest of the points necessary for your redemption. After that first redemption, you’ll need to spend $20,000 in order to have enough points for your next flight redemption.

If you’re looking for a card with no annual fee that earns basic travel rewards that are flexible, this card could be a good option.

FAQs

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

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FlexPerks® Select+ American Express® 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

Before you set your mind on the FlexPerks Select+ Amex card, it’s worth comparing it to other credit cards that earn FlexPerks, including the FlexPerks Business Edge, FlexPerks Gold and FlexPerks Travel Rewards Visa.

FlexPerks® Travel Rewards Visa Signature® CardFlexPerks® Travel Rewards Visa Signature® Card
Sign-up bonus
20,000 FlexPoints®10,000 FlexPoints®30,000 FlexPoints®20,000 FlexPoints®
Annual Fee
$0 first year, then $55$0$85$0 introductory annual fee for the first 12 months, After that $49
APR On Purchases
12.99% to 23.99% Variable±14.99% to 24.99% Variable±14.99% to 24.99% Variable±14.99% to 24.99% Variable±
Foreign Fee
0%2%0%0%
Bonus Value
$400$200$600$400
Second Year Value
$480$480$480$480

Since all of these cards are part of the FlexPerks program, they offer the same redemption options. The differences between these cards are the sign-up bonuses, annual fees and rewards for everyday spending.

The FlexPerks Business Edge card offers a 20,000 points sign-up bonus and a $55 annual fee. The Business Edge earns three points per dollar for charitable donations through the end of 2017 (and two points after that), plus two points per dollar for mobile phone service and airfare, and at gas stations and office supply stores.

The FlexPerks Gold American Express card offers a 30,000 points sign-up bonus and has an $85 annual fee. The FlexPerks Gold earns three points per dollar at restaurants and two points per dollar for gas and airfare. The FlexPerks Travel Rewards Visa offers 20,000 points for the sign-up bonus and has a $49 annual fee with the same bonus spending categories as the Business Edge card.

When deciding which of these cards makes the most sense for you, consider how much you would spend in the various bonus categories to see how many points you would earn. If a card you’re considering has an annual fee, you’ll have to subtract that from the value of the points you expect to earn in the year.

Compare the U.S. Bank FlexPerks Select+ American Express Card to Other Cards

It’s also worth comparing the U.S. Bank FlexPerks Select+ card to a couple other cards that are issued by other banks, including the Citi ThankYou Preferred, American Express Green card and BankAmiericard Travel Rewards card. Each card earns different types of points that can be redeemed for travel

10,000FlexPoints® offer
FlexPerks® Select+ American Express® Card

Check if FlexPerks® Select+ American Express® Card is the best option for you

The Citi ThankYou Preferred card offers 0 points after completing minimum spending requirements and doesn’t have an annual fee. It earns two points per dollar spent on dining and entertainment and one point per dollar for all other purchases.

The BankAmericard Travel Rewards card doesn’t have an annual fee and offers a 20,000 points sign-up bonus. It earns 1.5 points per dollar for all purchases.

Of these options, the American Express Green card probably makes the least sense for most people. When comparing the other two cards to the FlexPerks Select+, you should consider how many rewards you will earn based on your regular spending.

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
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 U.S. Bank FlexPerks Select+ American Express 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 American Express card.

Purchases

Intro APR:
See Terms and Conditions
Intro APR for balance transfers:
0% introductory APR for the first 9 billing cycles for balances transferred within 60 days from account opening
Ongoing APR:
14.99% to 24.99% Variable±
Minimum Grace Period:
24 - 30 days
Extended Warranty Protection:
Doubles the time period of a U.S. warranty by up to one year on warranties of three years or less. Covers a maximum of $10,000 per claim.
Retail Protection:
Protects against theft and damage for the first 90 days after a purchase.

Cash Advance Features

Ongoing APR:
24.99% Variable±
Cash Advance Fee:
Either 4% of the amount of each advance or $10 minimum, whichever is greater

Security and Protections

The US Bank FlexPerks Select+ card offers standard security.

Fraud Protection:
Automatically monitors your account for abnormal spending or any other unusual activity.
Zero Fraud Liability:
You’ll never be held responsible for unauthorized use of your account.
Free TransUnion Credit Score:
Keep an eye on your credit with free reports.
Mobile App:
View your account balance, pay your bill, set up alerts and more.
EMV Chip + Signature Technology:
Get global acceptance and enhanced security at merchants that use chip enabled terminals.

Mobile Banking

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

Additional Cardholder Benefits

American Express 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.
Travel and Emergency Assistance Services:
Legal and medical referrals, and other travel and emergency assistance is available any time of day. Service charges apply.