MINNEAPOLIS, May 11, 2010 (BUSINESS WIRE) --The U.S. Bank FlexPerks Travel Rewards Visa Signature(R) credit card
celebrates its one-year anniversary today. Named the "Best Credit Card
if You Want Travel Perks" by Kiplinger's Personal Finance magazine, the
FlexPerks Travel Rewards card offers industry-leading value and
innovation for customers who want travel rewards.
"In just the last 60 days, our FlexPerks cardholders have redeemed over
1 billion FlexPoints," said Cliff Cook, chief marketing officer for U.S.
Bank Retail Payment Solutions. "FlexPerks has been a huge success
because our customers know that we provide them with tremendous value.
For instance, for just 20,000 FlexPoints our cardholders have received
airline tickets valued at an average of over $350. That's substantially
higher than the $200 award ticket value many other airline and travel
rewards cards deliver for 20,000 miles or points."
Since winning the Kiplinger's award, U.S. Bank has continued to innovate
with FlexPerks, adding a $25 allowance with each award ticket that can
be used toward baggage fees, in-flight food or drinks. Cardholders can
now also redeem FlexPoints to pay their annual fee. Customers can still
redeem as few as 20,000 FlexPointsSM for airline tickets
valued up to $400 on over 150 airlines with no blackout dates, capacity
controls or e-ticket booking fees. FlexPerks Travel Rewards cardholders
earn one FlexPoint for each dollar spent, and two FlexPoints for cell
phone charges and for gas, groceries or airline purchases - whichever is
highest for the customer during the month. Plus with a U.S. Bank
checking account package, cardholders can earn up to an additional 50
percent more FlexPoints each month.
Customers have the flexibility to choose the rewards they want with
FlexPerks. In addition to travel, customers can earn cash back,
merchandise, gift cards and statement credits. Cardholders also enjoy
the universal acceptance that is available to Visa card customers. To
learn more about the full suite of U.S. Bank FlexPerks credit, debit and
business products, go to www.usbank.com/flexperks,
or visit any U.S. Bank branch office.
U.S. Bank Retail Payment Solutions (RPS) is one of the nation's leading
payment processing and full-service issuing providers. RPS offers
credit, debit, and prepaid payment solutions to consumers and small
businesses through U.S. Bank and in partnership with financial
institutions, businesses, governments and employers.
About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $282
billion in assets as of March 31, 2010, is the parent company of U.S.
Bank, the fifth largest commercial bank in the United States. The
company operates 3,025 banking offices in 24 states and 5,312 ATMs and
provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.
SOURCE: U.S. Bancorp
U.S. Bank Media Relations
Teri Charest, 612-303-0732