U.S. Bank FlexPerks

The Highlights

The U.S. Bank Loyalty System is a fixed-value travel program with limited upside.

• Points redeem at 1 cent per point toward travel when booked through the U.S. Bank portal (for those cards that allow portal redemptions).
• U.S. Bank does not currently have transfer partners. They announced that the U.S. Bank Altitude Reserve will gain partners starting in December 2025, but none have been named yet. The card is also closed to new applicants as of November 2024.
• U.S. Bank points are fine for travelers who want a simple rebate toward flights, but the program is not ideal for anyone aiming to maximize travel value or leverage complex award bookings.

What to Know About This Point System

Flex Perks offer a diverse reward system. They can be redeemed towards travel, merchandise rewards, gift cards, statement credit and uniquely real-time mobile rewards after setting up and activating your account. The best redemption is through the U.S. Bank portal, specifically purchasing airline tickets. Revisit your love for Orbitz when collecting these points because going through U.S. Banks online store, clicking the Orbitz portal and booking new flights with your Flex Points will give you some outstanding value -- possibly worth more than you’ve ever seen. Another good redemption option -- both easy and fast -- is booking directly with the merchants and then getting compensated with a statement credit. That way you can earn points on your upfront purchase.

Earning is easy with your sign-up bonus and 2 points per $1 spent on most cell phone service providers, charitable donations and one of these 3 alternating categories: gas, groceries or airline tickets. If you hate keeping track of which card to whip out while making what purchase, this one will do the math for you and just apply the 2 points toward whichever category you spent the most money on during the last billing cycle.

How to Redeem

There are several ways to redeem points with U.S. Bank, but it depends on which credit card you hold. We outline the main categories below. We won’t go too deep into any of them since none can be transferred to partners, which is where the best value lies in this hobby. Nearly all redemption options are worth 1 cent per point, regardless of method.

Cash back cards

U.S. Bank has several cash back cards. While the signup bonuses are weak, the category multipliers can help you earn rewards quickly. Redemption options include statement credits, deposits into an eligible U.S. Bank account, gift cards, or Real-Time Rewards. All of these are worth 1 cent per point at best. You cannot use rewards from these cards to book travel in the U.S. Bank portal, but you can redeem for cash and book any travel you want.

Points rewards cards

There are four U.S. Bank Altitude cards (two business, two personal) plus the U.S. Bank Business Leverage card. Points earned from these cards can be used to book travel through the U.S. Bank travel portal, which is powered by Booking.com. Redemptions are a flat 1 cent per point, so while the points can cover travel, you won’t get outsized value.

FlexPerks

U.S. Bank has phased out its FlexPerks program, and all cards that earned FlexPerks are closed to new applicants. Some cardholders may still have FlexPerks-earning cards. The most notable, the U.S. Bank Altitude Reserve Visa Infinite, now only offers 1 cent per point on portal bookings (it used to offer a flat 1.5¢/point), removing the last strong redemption option in the U.S. Bank ecosystem.

Visit U.S. Bank FlexPerks