This weekend, I noticed something interesting while booking a couple upcoming trips over the Thanksgiving and Christmas holidays, something that might increase the value of US Bank Flexpoints for certain redemptions.
Prior to 2018, US Bank Flexperks Travel Rewards Visa points could be redeemed for up to 2 cents each in airfare in $200 redemption bands through the US Bank’s contracted “Travel Rewards Center.” You could book multiple tickets on the same reservation, but you needed to pay for at least one ticket entirely with Flexpoints. For example, you could book two $500 tickets for 60,000 Flexpoints, or for 30,000 Flexpoints and $500.
On Sunday, I logged in to set about redeeming about 47,000 Flexpoints for two reservations with two tickets each. One reservation had two $200 tickets and the second, two $500 tickets. If you run the numbers, you notice this was the ideal situation for me: 47,000 Flexpoints are worth $700, so I’d be able to pay for one ticket on each reservation entirely with Flexpoints, and the second ticket with cash.
But oddly, when I actually went to book the ticket, US Bank offered to let me apply all 47,000 Flexpoints to the $1,000 reservation (leaving $300 leftover to pay in cash). I fiddled around with several options, and it seems to me US Bank no longer requires you to choose between paying with Flexpoints or paying with cash: you can now use any combination of Flexpoints and cash for any number of tickets, through the US Bank travel portal.
Why it matters
There are two key reasons you might be interested in this change, if you weren’t already aware of it:
It’s the easiest way to completely empty your Flexperks balance. Since you can redeem any number of Flexpoints, up to your entire balance, for 1.5 cents each towards travel through the Travel Rewards Center, you never need to worry about having too many points or leaving orphaned points in your account. By contrast, Real-Time Rewards redemptions require you to have enough Flexpoints to cover the entire amount of your purchase, possibly causing you to over-earn, or orphan, small Flexpoint balances.
US Bank still offers $25 airline allowances “with each redeemed airline award travel ticket.” Since you can now book any number of tickets with any number of Flexpoints, I don’t see why you shouldn’t be able to request a $25 allowance per ticket booked through the US Bank Travel Rewards Center, regardless of the number of Flexpoints you redeem for that reservation.
While a minor change to the overall Flexperks programs, which already offered a fixed 1.5 cents per Flexpoint in redemption value, the ability to redeem any number of Flexpoints up to your account balance is a modest improvement in the overall value proposition, since it virtually guarantees you’ll be able to redeem your entire balance at its maximum possible value, eliminating the risk of orphaned points as your manufactured spend or travel hacking practice changes over time.