US Bank Business Credit Card: Travel Review

U.S. Bank FlexPerks® Business Travel Rewards Visa® Card Get 17,500 bonus FlexPoints after the first $2,500 in net purchases in the first 150 days; Award travel starts at just 20,000 FlexPoints (up to a $400 ticket value) on over 150 airlines with no blackout dates or redemption fees; Earn one FlexPoint for every $1 of eligible net purchases charged to your card; Earn two FlexPoints for every $1 spent on gas, office supplies or airline purchases – whichever you spend most on each monthly billing cycle – and on most cell phone expenses; Earn Triple FlexPoints for your charitable donations; Earn 5,000 FlexPoints when you refer a friend who acquires and uses the card; Receive an airline allowance of up to $25 with every award travel ticket to use toward baggage fees, in-flight food or drinks and more; $0 Annual Fee* the first year, and every year your company spends $24,000 on card; otherwise $55* Go to issuer's official application, terms, and details Intro APR for Purchases Intro APR for Balance Transfer Regular APR Annual Fee 0% for 12 months 0% for 12 months 11.99% - 17.99% (Variable) $0 introductory for first year, then $55

Rewards Program

Every time you make a purchase with the US Bank FlexPerks Business Travel Rewards Card, you earn FlexPoints. You earn 1 FlexPoint for every $1 you spend on most purchases and there is no annual limit to the number of points you can earn each year. You can also earn more points for spending in certain categories. You earn 2 points for every $1 spent on cell phone expenses and 3 points for every $1 spent on charitable donations.

There is also a flexible bonus category for other business expenses. At the end of each monthly billing cycle, US Bank will assess whether you spent the most money on gas, office supplies, or airfare. The category that had the most purchases for the billing cycle gets a 2 point per $1 rewards rate. This changes each billing cycle to help you earn the most rewards points.

When your business earns enough points, you can swap them for award flights on over 150 airlines. You need to redeem at least 20,000 points to get a award flight for a ticket worth up to $400. The program maxes out at 50,000 points, which gets a ticket worth up to $1,000.

Promotional Offer

The US Bank FlexPerks Business Travel Rewards Card offers a few nice perks to welcome new members.

If you spend at least $2,500 on your card during the first 150 days, you receive a bonus 17,500 FlexPoints, nearly enough for a free flight.

This card also has a 0% introductory APR for 12 month on purchases and balance transfers. After that, the APR will be a variable rate, currently 11.99% - 17.99% depending on your creditworthiness.

Lastly, this card waives its annual fee for the first year. Every year after that, it costs $55, unless you spend $24,000 on the card annually.

Benefits

On top of the rewards program, this card offers a few additional benefits to its cardholders.

If you refer someone else to this program and he or she signs up for a card, you automatically receive an extra 5,000 FlexPoints.

This card also gives you a way to avoid the annual fee. If your company spends at least $24,000 on the card throughout the year, US Bank waives the annual fee for the upcoming year.

Lastly, when you redeem your FlexPoints for an award flight, you get a $25 allowance for flight expenses like checked bag fees and in-flight refreshments.

Pros

• 17,500 introductory bonus point offer, provided you spend at least $2,500 during the first 150 days
  
• 0% introductory APR for first 12 months on purchases and balance transfers
  
• No annual fee for the first year; it's possible to waive the annual fee each year if you spend at least $24,000 on the card
  
• Earn bonus rewards points for spending on cell phone expenses, charitable donations and other popular categories
  
• Redeem reward points toward award flights on over 150 airlines

Cons

• $55 annual fee
  
• 3% foreign transaction fee

Bottom Line

For small businesses with frequent travelers, this is a great card to help reduce flight expenses. The card is a good choice for small business owners who plan to spend at least $2,000 a month on their credit card. International travelers should keep in mind the 3% foreign transaction fee.