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!
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 U.S. 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.