One of the very first travel rewards credit cards I signed up for, on a spring night so many years ago, was the US Bank Flexperks Travel Rewards card, which had a 17,500 Flexpoint signup bonus and no annual fee the first year.
Then I signed up for it again two months later. Why? Because of the 2012 Summer Olympics promotion US Bank ran — and their willingness to issue seemingly unlimited cards as long as you meet their somewhat Byzantine underwriting requirements (read the comments for important info).
Well, the promotion's back just in time for the Winter Olympics in Sochi, with what looks like the exact same bonus structure:
- a base signup bonus of 20,000 Flexpoints after spending $3,500 in the first 3 months of account membership;
- 500 additional bonus Flexpoints for each gold medal won by the US Olympic team;
- 250 additional bonus Flexpoints for each silver medal won;
- and 100 bonus Flexpoints for each bronze medal.
Mommy Points already did the Lord's work and reckons,
"In the 2010 Winter Olympics that would have resulted in 9,550 bonus points, for a total of 29,550 total sign-up points."
- the Olympics only come along every 2 years;
- this is the best signup bonus offered for this card;
- and the card itself can be extremely lucrative.
More on Flexpoints
On that last point, I've written a lot of posts about Flexpoints, but often as a kind of "afterthought" on posts about fixed-value rewards. Here's more information than you could possibly want to know about the program:
I've also written about a number of promotions US Bank has run which have offered bonus Flexpoints after meeting sometimes quite reasonable spending requirements:
- Pro Tip: Buy 3,500 Flexpoints (worth up to $70) for $7.50
- Neiman Marcus Flexpoints promotion update
- More bonus Flexpoints (2,500 bonus Flexpoints after spending $2,500)
When I had two Flexperks Travel accounts it was very easy to transfer points between them (to consolidate my signup bonuses), but I recall reading some weeks ago that that option had been, perhaps temporarily, disabled. The option still appears in my Flexperks account, but since I did a product change of my second card (to a Cash+ card), I can no longer personally verify that it's still possible.