U.S. Bank FlexPerks® Business Edge™ Travel Rewards Card

Robin Saks Frankel  in  Business Advertising Disclosure
Annual Fee:
$0 for the first year and every year after it will be $55 for Account Owners and $10 for Authorized Employees the first year and every year after it will be $55
Purchase Intro APR:
N/A
Regular APR:
12.99% to 23.99% based on your creditworthiness when you open your account. This APR will vary with the market based on the Prime Rate.
Terms and Restrictions Apply | Rates and Fees
Bankrate Score: 85 out of 100

Commonly used for: Business, Good Credit, No Foreign Transaction Fees, Rewards, Travel.

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The U.S. Bank FlexPerks Business Edge Travel Rewards Card offers a just-OK rewards rate for travel purchases, and the rewards you collect are a bit cumbersome to track. But this card does offer one rare reward — incentive to make charitable donations.

Review

If your corporate credo is philanthropic, the U.S. Bank FlexPerks Business Edge Travel Rewards Card will reward you for it. FlexPerks branded cards offer triple rewards for charitable and social services donations. While that’s a nice incentive, it may not make the best sense financially compared to a different type of rewards program. We should also point out that reward rate is scheduled to fall to double the FlexPoints for every dollar spent from triple the points.

This card pays a respectable 2 FlexPoints for every $1 spent on cellular service provider charges. Then it gets confusing. When it comes to spending at gas stations, airline tickets or on office supplies, the card pays 2 FlexPoints for every $1 spent, but only on the category you spend the most on for that month. All other spending earns 1 FlexPoint per $1 spent.

Let’s say in January your business spent $1,000 at the gas station, $800 on office supplies and $200 on airline tickets. In this scenario you’d get double the FlexPoints on that $1,000 spent at the pump and only 1 FlexPoint per dollar on the rest. But now it’s February, and your company sends a team of people on a trip where the airfare for the group is $2,000, and gas station and office supply spending remain the same at $1,000 and $800 respectively. Since your business spent the most on airline charges that month, you’d earn double FlexPoints on the $2,000 in airfare charges and 1 FlexPoint per dollar on gas station, office supplies and all other spending.

We think these terms are a bit confusing, and there are other cards that are likely to offer higher overall rewards.

If you spend at least $24,000 annually on this card, you’ll get the $55 annual fee (waived the first year) plus the $10 for each additional employee card fee reimbursed. Although it’s a nice offer, there are several other business credit cards that offer employee cards at no additional cost.

You’ll also receive a sign-up bonus of 20,000 FlexPoints, worth $300 in airfare, if you spend $2,000 on the card within four months of opening the account.

Unless you plan on pairing this card strategically with another card, it’s probably best to take a pass in favor of a card that has more overall to offer.

Who should get this card

A company whose biggest outlays are on charitable donations may want to use this card for spending in that category.

Advantages
  • You may never have to pay an annual fee if you spend at least $24,000 annually.
  • The card pays the highest rewards available on a business card for charitable donations.
  • FlexPoints take on 50% more value when used for airfare redemptions.
Disadvantages
  • FlexPoints expire five years after the end of the calendar quarter in which they were earned.
  • Other cards offer higher rewards potential on office supplies and travel purchases.

Fees and APR

  • The APR on purchases and balance transfers is a variable 12.99% to 23.99% based on creditworthiness.
  • Annual fee is $55 for the primary cardholder and $10 for each additional cardholder, waived the first year.
  • Pay no foreign transaction fees on purchases made outside the U.S.
  • Late or missed payments may subject you to a penalty APR of 29.99%, which will apply for a minimum of six months, plus a late payment charge of up to $39.

Extras, perks and using points

All FlexPoints can be pooled to one Central Bill account. To redeem your rewards, log into your account online and select “Redeem Rewards.” A FlexPoint is worth approximately 1.5 cents when redeemed for airfare and 1 cent when redeemed for other merchandise. Airline ticket redemptions start at 20,000 FlexPoints, select merchandise and gift cards start at 1,000 FlexPoints and cash back in the form of a statement credit starts at 5,000 FlexPoints.

Each FlexPerks redemption for a round-trip airline ticket will receive an airline incidental credit of $25.

Get a complimentary membership to the Andrew Harper Travel Club, a travel reviews site, by opting in through your U.S. Bank account online.

Cardholders receive up to 25% off and a free rental day each year when booking through National Car Rental using the U.S. Bank Visa FlexPerks cardholder code.

This card comes with Visa Business auto and travel insurance and protections. It also qualifies you for discounts with participating merchants in the Visa Savings Edge program and extended warranty protections up to one year.