U.S. Bank FlexPerks® Select+ Card
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 U.S. Bank FlexPerks® Select+ Card offers and the value of the U.S. Bank U.S. Bank FlexPerks® Rewards FlexPoints® you earn.
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 FlexPoints® 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.
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:
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.
Austin–New YorkEconomy classMiles price15,000Points+$29 feeDollars price$299
Chicago–Los AngelesEconomy classMiles price24,700Points+$0 feeDollars price$247
Seattle–DenverEconomy classMiles price18,600Points+$0 feeDollars price$186
New York–MoscowEconomy classMiles price51,500Points+$251 feeDollars price$810
Los Angeles–ParisEconomy classMiles price49,750Points+$300 feeDollars price$1,605
Houston–FrankfurtEconomy classMiles price49,750Points+$360 feeDollars price$1,777
Miami–HonoluluBusiness classMiles price80,000Points+$20 feeDollars price$2,083
Miami–WashingtonBusiness classMiles price52,900Points+$0 feeDollars price$529
Pittsburgh–HoustonBusiness classMiles price50,000Points+$13 feeDollars price$827
Washington–PortoBusiness classMiles price88,000Points+$503 feeDollars price$5,041
Los Angeles–Tel AvivBusiness classMiles price104,000Points+$395 feeDollars price$4,403
Atlanta–MadridBusiness classMiles price88,000Points+$654 feeDollars price$4,044
Other ways you can redeem FlexPoints®
Hotel Stays4+ partners4+
It is possible to redeem FlexPerks points for hotel stays with a maximum value of 1.5 cents each.
Car Rentals3 partners3
You can also redeem points for car rentals with a maximum value of 1.25 cents each.
FlexPerks points can be redeemed for a statement credit at a rate of one cent each.
Points can be redeemed for gift cards from a wide variety of partners.
Everyday Earnings with U.S. Bank FlexPerks® Select+ Card
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.
- All Other Purchases
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 U.S. Bank FlexPerks® Select+ 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
- 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
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.
- 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.
- 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!
- 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?
- Simple Earning: Every dollar you spend earns one point, and each point is worth up to two cents.
- 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.
Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.
- Most people who are approved for the FlexPerks Select+ card report having a credit score of 700 or higher. Keep in mind that no matter what your credit score is, your entire application will be evaluated before you are approved or denied for the card.
- If you want to get the maximum value from your points, you should redeem them for airfare. You should also redeem for tickets that are close to the top of the redemption range. For example, the lowest redemption is 20,000 points for any airfare up to $400. If your flight costs only $100, it will still cost you 20,000 points, so you should redeem for a flight that costs closer to the $400 maximum.
Are the points earned with the FlexPerks Select+ Amex the same as the points earned with the Travel Rewards Visa card?Yes. The FlexPerks points earned from both of these cards operate in the same way and with the same redemption options.
The sign-up bonus for the U.S. Bank FlexPerks Select+ card doesn’t change very often. If you are considering getting this card, it probably doesn’t make sense to wait for a higher bonus.
The minimum redemption for travel bookings (flights, hotel stays or car rentals) is 20,000 points. If you want to redeem for cash back or merchandise, you can redeem as little as 1,000 points.
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® Business Edge™ Travel Rewards Card||FlexPerks® 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±||15.24% to 25.24% Variable±||14.99% to 24.99% Variable±||15.24% to 25.24% Variable±|
|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
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.
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 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.
- 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:
- 15.24% to 25.24% 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:
- 25.24% 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.
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.