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The Olympics are over so that means we have a final total for the limited time sign-up bonus for the US Bank FlexPerks Travel Rewards Visa! As a reminder, in addition to the standard sign-up bonus of 20,000 FlexPoints that you get after spending $3,500 in the first four months, you also get bonus points based on the number of medals that Team USA won at the Olympics in Sochi. The additional bonus was 500 points per gold, 250 per silver, and 100 per bronze. To get in on this Olympics special you need to apply between 1/31/14 and 3/7/14, and make a purchase by 3/31/14. This card has s $0 Annual Fee the first year, after that $49.
I’ve been posting updates as the US has been adding to their medal totals, but the final counts are in and we won 9 gold medals, 7 silver medals, and 12 bronze medals. That means that the sign-up bonus will temporarily sit at the normal 20,000 + a bonus of 7,450 for a total of 27,450 thanks to all of the medals won!
This is a very good deal both because it is a fair amount higher than the normal sign-up bonus, and because including the points earned from the $3,500 you have to spend to trigger the sign-up bonus you will have at least 30,950 points. The award redemptions with this card are a bit unique, but 30,000 points are required for a flight worth up to $600, so getting this card and hitting the spending requirement will be worth up to a $600 flight! To be clear, in my experience that is one flight worth $600, not several flights worth close to $600.
If you wanted to keep racking up the points to get to 40,000 (not too hard when you are utilizing the bonus categories such as groceries and charitable donations), then you could redeem for two flights worth up to $400 each. This does require some strategy to maximize the redemptions, but starting with around 30,000 points makes it much easier!
I’ve had this card since the last Olympics promo in 2012, and think it is a good one for families to consider since you aren’t tied to award availability to use the points. I consider the Barclaycard Arrival Plus™ World Elite MasterCard® to be a better overall card for those who want to use points as cash toward airfare, but there’s nothing that says you can’t get both cards and take advantage of the respective sign-up bonuses. This is not an affiliate link of mine (since mine goes to a lesser offer), it is just a deal I consider to be pretty solid! Good luck if you decide to go for it, and congrats to Team USA for winning 28 medals!