First, I apologize for the continued large gaps between posts. Sometimes real life takes precedence over the blog, and I’ve been buried in activities related to selling our current house and moving into our new townhouse.
Today, though, there’s a very-limited-time opportunity that I wanted to get out to all Middle Age Miles readers right away – a business card with a decent sign-up bonus and no first-year annual fee that’s being discontinued imminently.
We like these opportunities because it’s a chance to pick up some travel benefits (which we’ll hopefully be able to use eventually!) with no real downside other than a hard pull. If I’m approved, the new card won’t count against my Chase 5/24 count, which is very important to me right now as I’m several months into a focused journey to get back under 5/24 and become eligible for Chase business cards again!
US Bank is in the process of discontinuing its FlexPerks line of cards. It closed some personal FlexPerks cards for applications earlier in March. And earlier this week, Doctor Of Credit reported that the US Bank FlexPerks Business Travel Rewards card (Business FlexPerks) would be discontinued as of Monday, March 30:
- Doctor Of Credit: All US Bank Flexperks Cards To Be Discontinued By March 30, Includes Business Cards (updated March 23, 2020)
The current sign-up bonus on the Business FlexPerks card is 25,000 FlexPoints after $2,000 spend in the first 4 months. Basic features of the card are:
- Annual fee = $0 first-year; $55 thereafter (+$10 for each employee card)
- FlexPoints earning structure:
- 2x FlexPoints/$ on cell phone and qualifying charitable donations
- 2x FlexPoints/$ on one additional category where you spend the most each statement cycle, from these 3 categories – airlines, gas stations, and office supply stores
- 1x FlexPoint/$ on everything else
One other key feature that’s critical for us is that FlexPoints may be transferred and combined with points from a US Bank Altitude Reserve card, up to a cap of 20,000 FlexPoints per year. (If we have any problems transferring points, I know to call my friend Grant at Travel With Grant for advice!) With the Altitude Reserve card, which I hold, points are worth 1.5 cents per point for travel redemptions. Thus, even though it may take me until 2021 to transfer all the points, the sign-up bonus of 25,000 FlexPoints should eventually be worth $375 in travel redemptions. It’s not earth-shattering, but if I’m approved, it’s low-hanging fruit.
Unfortunately, there’s no real appeal to the Business FlexPerks card other than the sign-up bonus. Points-earning is not best-in-class in any category or for general spend. And, after the first year with no annual fee, the card would pick up a $55 annual fee thereafter, which would make things even worse. It looks like a one-and-done card to us.
You can apply for the Business FlexPerks card (at least for a couple more days) through the US Bank Business Cards website (not a referral link):
- US Bank: Business Credit Cards
I applied for the Business FlexPerks card this morning, using the link we posted above. The application is for a legitimate business in its 3rd year of existence with modest income. My application went pending, and I’m supposed to hear back from US Bank within 7-10 days.
US Bank pulled my Experian credit report for this application. My stats on Experian at the time of application were:
- Credit score = 814 (Experian FICO8 score)
- Inquiries: 12/24; 4/12; 1/6 (only a mortgage application from 3 months ago; no credit cards
I have a personal checking account and 2 credit cards with US Bank. The 2 cards are my personal Altitude Reserve card and a Radisson Rewards business card for a different business (which has a ridiculously high credit limit, which I hope won’t cause a problem with my current application).
Fingers crossed for an approval and a new card within a few days!
Will you be applying for the Business FlexPerks card before it’s closed for new applications? Do you have any additional insights on using the card or FlexPoints for maximum effect? Please let us know in the Comments!