U.S. Bank is once again offering increased bonuses on two of their FlexPerks cards as part of an Olympic promotion.
The Offer
Apply for a new U.S. Bank FlexPerks® Travel Rewards Visa Card or FlexPerks Business Edge™ Travel Card between 8/1/2016 and 9/3/2016, then, upon approval, make a purchase with your new card by 9/30/2016 – and you could earn Bonus FlexPoints for every medal Team USA wins at the Rio 2016 Olympic Games, courtesy of Visa!
How it Works
The sign-up bonus for either card is 20,000 FlexPoints after $2K spend in 4 months. In addition you earn bonus points based on the U.S. teams medal count as follows:
- Each Gold medal earns 200 bonus points
- Each Silver medal earns 100 bonus points
- Each Bronze medal earns 50 bonus points
For example, during the 2012 London Olympics the U.S. team won 46 Gold medals, 29 Silver medals and 29 Bronze medals. Under this promotion that would earn a bonus of 13,550 points.
Note: The normal sign-up bonus for these cards is 20K after $3,500 spend in 4 months. This offer has a lower spend threshold plus the Olympic bonus.
Key Terms
- Offer valid to new U.S. Bank FlexPerks Travel Rewards Visa Signature and U.S. Bank FlexPerks® Business Edge Travel Rewards Visa Card applicants who apply at any participating U.S. Bank branch location, call 24-hour banking or apply online at flexperks.com/visapromo between August 1, 2016, and September 3, 2016.
- Applicants must be approved for either the FlexPerks Travel Rewards Visa Signature or FlexPerks Business Edge Travel Rewards card and make a minimum of one net purchase to the Account Owner’s individual account by September 30, 2016, to receive the Visa Rio Bonus FlexPoints.
- The awarded amount of bonus FlexPoints will be based upon the results of the Rio 2016 Olympic Games.
- The Visa Rio Bonus FlexPoints are in addition to the one-time enrollment bonus FlexPoints offer and are not contingent on meeting a spend threshold.
You can find links to the applications on our Best Signup Offers page.
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HT: Doctor of Credit
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[…] you’ll get about 1.7 cents value per point, for a total bonus value of over $580 (details here). That’s still excellent! And, for those wondering: no, I do not earn a commission for […]
During the promotional period, both of these cards have a sign-up bonus of 20,000 FlexPoints after $2K spend in 4 months.
[…] U.S. Bank Olympic Promo: 20K + Bonus FlexPoints Based on the U.S. Medal Count with Two Popular Cards […]
Does the Rio bonus apply to new card members only? Can existing members get the Rio Bonus?
Yes, new card members only
Is it possible to combine the Olympic bonus with the referral bonus?
How do you redeem points? Is it like the Arrival or BOA Travel cards? Can you redeem for cash?
I would also like to know the answer to this question. Are points only redeemable for travel?
Here is a link to one of Greg’s articles about how to maximize FlexPerks.
https://frequentmiler.com/2014/08/25/maximizing-value-from-the-u-s-bank-flexperks-travel-rewards-visa-card/#_ga=1.25656125.103280796.1457104622
Thanks Shawn.
Do you know whether or not we can sign up for this card again and get the bonus if we had it during the last promotion in 2012?
I know people have been able to get the bonus on this card multiple times, however I don’t know if you can get the Olympic bonus again. It is against the terms, but until we see data points it is impossible to tell how they will be enforced.
What’s the usual sign up bonus for this card?
The normal offer on these cards is 20K after $3,500 spend in 4 months. I have added that info to the post as well.