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U.S. Bank FlexPerks 2018 Changes Confirmed: Simpler Structure, Potentially Less Value

Shawn Coomer
Shawn Coomer

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Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.

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FlexPerks 2018 Changes Confirmed

FlexPerks is a niche program, but one that many have found a lot of value in. Specifically, on redemptions of the right amount, you could get a value of up to 2 cents per point. Rumors have been circulating that U.S. Bank was looking to make some changes and apparently that is the case.

Here are the upcoming changes as posted on Reddit:

  1. Simplified Travel Redemption. Berginning December 31, 2017, the structure for redeeming FlexPoints will be simplified and all car rental, airline ticket and hotel redemptions will be redeemed at the rate of 1.5 cents per FlexPoint. For travel booked before December 31, 2017, the tiered FlexPoint rate schedules that are in place today will apply.
  2. Continuous FlexPerks Earning. Effective January 1, 2018, eligible Net Purchases during a calendar year that exceed $120,000 will continue to earn FlexPoints at a rate of one FlexPoint per $1 spent, an increase from the current rate of one FlexPoint per $2 spent.
  3. Updates to Charitable Donations. Effective Janurary 1, 2018, donations to over 1,000 enw Charitable organizations will be eligible to earn extra FlexPoints. At the same time, the earning rate for all eligible Charitable donations will be reduced from a total of 3X FlexPoints per $1 to 2X FlexPoints per $1.

Analysis

This news is not all new (the charitable donations stuff had already been confirmed) and I think it doesn’t come as a huge surprise. While some will see this as a negative, I think it is actually a net positive for most people. I suspect the vast majority of customers weren’t able to maximize the value of their redemptions and thus will probably be doing as good or better than before. Under this new scheme everything is far simpler and customers know exactly what they are getting ahead of time.

What are your thoughts? Do you see this change as a net positive or negative for cardholders? Will you miss those glorious 2 cent per point redemptions? Share your thoughts in the comments!

HT: Reddit via Frequent Miler

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Shawn Coomer
Shawn Coomerhttps://milestomemories.com/
Shawn Coomer earns and burns millions of miles/points per year circling the globe with his family. An expert at accumulating travel rewards, he founded Miles to Memories to help others achieve their travel goals for pennies on the dollar. Shawn also runs a million dollar reselling business, knows Vegas better than most and loves to spend his time at the 12 Disney parks across the world.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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