Rumor: New US Bank Cards Coming, Sign-Up Bonus Worth Up to $600!

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Folks on the myFICO community forum have reported the rumored release of 2 new US Bank cards from American Express.  Including one that earns 1.5% cash back everywhere and one that earns FlexPoints!

Rumor New US Bank Cards Coming Sign Up Bonus Worth Up To 600

You Can Use US Bank’s FlexPerks Points On Most Airlines With No Blackout Dates. Giving You Flexibility – So You Can Escape to the Beach This Winter!

Here’s more information about the 2 new AMEX US Bank cards.

New US Bank Cards From American Express

Rumor has it that US Bank will soon issue 2 new AMEX cards.

1.5% Cash Back Everywhere

One will be similar to the Chase Freedom Unlimited card.  You’ll get 1.5% cash back on everything with no annual fee.

If there is indeed going to be a US Bank-issued 1.5% everywhere card, I’ll still prefer the Freedom Unlimited.  Because you can move the points to Chase Sapphire Preferred, Ink Plus, or Ink Bold (no longer available) for Big Travel with Chase’s transfer partners.

FlexPerks With a Better Bonus

The other card will be a new AMEX US Bank Travel FlexPerks card.

You’ll earn 30,000 FlexPoints (worth up to $600) after meeting minimum spending requirements.

You’ll also get:

  • 3 FlexPoints on dining
  • 2 FlexPoints on gas and air travel
  • 1 FlexPoint on everything else
  • TSA PreCheck credit

And there’s an $85 annual fee.

This is a better deal than the current offer for the US Bank FlexPerks Travel Rewards Visa Signature card, which offers 20,000 FlexPoints (worth $400 in travel) after meeting minimum spend requirements.

More About FlexPoints

You can redeem FlexPoints for airline tickets, statement credits, and more.  But they can NOT be transferred to airlines.

30,000 Flex Points from the new AMEX US Bank Travel FlexPerks card will get you:

  • Up to $600 in airfare, or
  • $300 statement credit

FlexPoints are worth 1 cent each when used towards statement credits and gift cards.  But you’ll get a better value redeeming them for airline tickets.

Like using your FlexPoints for Big Travel on Southwest using this trick!

The other nice thing about FlexPoints is that because you’re buying a paid ticket with points (no blackout dates), they’ll come in handy when it’s hard to find an award seat you want.  And you’ll earn frequent flyer miles too!

But, there are better cards available with higher sign-up bonuses and more flexible points (which CAN be transferred to airlines and hotels).

So, these new cards might be worth considering if you already have lots of cards and are looking for something new.

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7 responses to “Rumor: New US Bank Cards Coming, Sign-Up Bonus Worth Up to $600!

  1. totally unrelated, but has anyone else mentioned discomfort with the stock photo in this post? it looks like an airplane about to crash…

  2. Do U.S. Bank AMEX (and Wells Fargo AMEX, etc…) cards count towards the maximum of four AMEX cards (excluding charge and business cards) which an individual may be issued?

  3. @ Greg Hadden — Since US Bank is the issuer of the card (Not American Express) any Us Bank Amex branded cards (or any other Amex card you might have with another issuer, like Bank of America) do not count towards that maximum that you refer to with American Express since US Bank is on the hook if you decide to not pay, not American Express.

  4. @Greg – No.

  5. Pingback: US Bank to Release Two New Credit Products Soon - Flexperks Amex and Cashback Amex - Doctor Of Credit

  6. Your license for Photoshop should be taken away, that photo is terrible. That looks like a cover shot for the National Enquirer relating to terror attacks at a beach resort.

  7. @danny–I was thinking the same thing! I can’t stop focusing on the fact that the plane is definitely crashing in the photo.