Increased Offer: 25,000 Points PLUS Bonuses for Each Olympic Medal Team USA Wins!

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Looking for another reason to watch the Olympics?

Via Frequent Miler, US Bank is bringing back the Winter Olympics US Bank FlexPerks card promotion.  You’ll earn an increased sign-up bonus of 25,000 FlexPoints after meeting minimum spending requirements.  Plus bonus FlexPoints for every medal the US Olympic team wins!

Because FlexPoints are worth 1.5 cents each when you redeem them through the US Bank travel portal for airfare, hotels, and rental cars, this could end up being a decent deal.

You can apply for the offer between February 5, 2018, and March 10, 2018, so you can wait until there is a final medal count before applying!

Here are the details.

What’s the Deal?

The US Bank FlexPerks Travel Rewards card normally comes with 20,000 FlexPoints after spending $2,000 within 4 months of account opening.  But US Bank is celebrating the Winter Olympics by increasing the card’s welcome offer!

With this deal, the US Bank FlexPerks Travel Rewards card earns 25,000 FlexPoints after spending $2,000 on purchases within the first 3 months.  And you’ll get bonus points for each medal the US team wins:

• 500 FlexPoints for each gold medal
• 250 FlexPoints for each silver medal
• 100 FlexPoints for each bronze medal

This offer is not available online yet, but it will be from February 5, 2018, to March 10, 2018.   For now, you’ll have to find a US Bank branch if you want to apply.  But I recommend waiting until there is a final medal count before making a decision.

The card also comes with:

• 2 FlexPoints per $1 spent on 1 category (gas, grocery or airline purchases) which you spend the most on each month and on most cell phone expenses
• 2 FlexPoints per $1 of eligible charitable donations
• 1 FlexPoint per $1 of all other eligible purchases
• $25 airline credit for every award flight booked with FlexPoints (baggage fees, in-flight food, drinks, etc.)

The $49 annual fee is waived the first year.

Is This a Good Deal?

During the 2014 Winter Olympics, the US team won 28 medals (9 Gold, 7 Silver, 12 Bronze), which were worth 7,450 FlexPoints (9 Gold X 500 FlexPoints + 7 Silver X 250 FlexPoints + 12 Bronze X 100 FlexPoints).  So if the US team earns a similar amount of medals as last time, you’d end up with ~32,000 FlexPoints (25,000 FlexPoints sign-up bonus + ~7,000 bonus FlexPoints).

FlexPoints are worth 1.5 cents each when redeemed for airfare, hotels, or rentals cars through the US Bank travel portal.  So you could end up with ~$450 toward your next trip!

But if you’re new to the miles & points world, this is NOT a great card to start with.  Because there are other more lucrative card offers available.

But if you were considering applying for the US Bank FlexPerks Travel Rewards card, this is a good offer.  Remember, to get the deal you’ll have to apply at a US Bank branch or wait until a link to the offer is available on February 5, 2018.

Bottom Line

US Bank is having a Winter Olympics promotion for their US Bank FlexPerks Travel Rewards card.  You can earn an increased sign-up bonus of 25,000 FlexPoints, plus bonus points for every medal the US team wins!

Because FlexPoints are worth a flat 1.5 cents each when redeemed for airfare, hotels, or rental cars through the US Bank travel portal, this could be a worthwhile deal.  But I do NOT recommend this card for folks just beginning in miles & points.  Because you can get Bigger Travel with other card offers.

This offer is not available online yet, but it will be from February 5, 2018, to March 10, 2018.

Do you plan to apply?