U.S. Bank Olympic Promo: 20K + Bonus FlexPoints Based on the U.S. Medal Count with Two Popular Cards

us bank flexperks olympic

U.S. Bank is once again offering increased bonuses on two of their FlexPerks cards as part of an Olympic promotion.

The Offer

Apply for a new U.S. Bank FlexPerks® Travel Rewards Visa Card or FlexPerks Business Edge™ Travel Card between 8/1/2016 and 9/3/2016, then, upon approval, make a purchase with your new card by 9/30/2016 – and you could earn Bonus FlexPoints for every medal Team USA wins at the Rio 2016 Olympic Games, courtesy of Visa!

How it Works

The sign-up bonus for either card is 20,000 FlexPoints after $2K spend in 4 months. In addition you earn bonus points based on the U.S. teams medal count as follows:

  • Each Gold medal earns 200 bonus points
  • Each Silver medal earns 100 bonus points
  • Each Bronze medal earns 50 bonus points

For example, during the 2012 London Olympics the U.S. team won 46 Gold medals, 29 Silver medals and 29 Bronze medals. Under this promotion that would earn a bonus of 13,550 points.

Note: The normal sign-up bonus for these cards is 20K after $3,500 spend in 4 months. This offer has a lower spend threshold plus the Olympic bonus.

Key Terms

  • Offer valid to new U.S. Bank FlexPerks Travel Rewards Visa Signature and U.S. Bank FlexPerks® Business Edge Travel Rewards Visa Card applicants who apply at any participating U.S. Bank branch location, call 24-hour banking or apply online at flexperks.com/visapromo between August 1, 2016, and September 3, 2016.
  • Applicants must be approved for either the FlexPerks Travel Rewards Visa Signature or FlexPerks Business Edge Travel Rewards card and make a minimum of one net purchase to the Account Owner’s individual account by September 30, 2016, to receive the Visa Rio Bonus FlexPoints.
  • The awarded amount of bonus FlexPoints will be based upon the results of the Rio 2016 Olympic Games.
  • The Visa Rio Bonus FlexPoints are in addition to the one-time enrollment bonus FlexPoints offer and are not contingent on meeting a spend threshold.

You can find links to the applications on our Best Signup Offers page.

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HT: Doctor of Credit

Last updated on December 20th, 2018

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

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FlexPerks: The best backup travel rewards program - Frequent MilerWarner RohsIt’s not too late – Deals still alive as of 08/14/2016 - Frequent MilerGreg The Frequent MilerCher Recent comment authors

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SDO
Guest
SDO

What’s the usual sign up bonus for this card?

Shawn Coomer - Senior Editor
Member
Shawn Coomer - Senior Editor

The normal offer on these cards is 20K after $3,500 spend in 4 months. I have added that info to the post as well.

bob
Guest
bob

Do you know whether or not we can sign up for this card again and get the bonus if we had it during the last promotion in 2012?

Shawn Coomer - Senior Editor
Member
Shawn Coomer - Senior Editor

I know people have been able to get the bonus on this card multiple times, however I don’t know if you can get the Olympic bonus again. It is against the terms, but until we see data points it is impossible to tell how they will be enforced.

Ken
Guest
Ken

How do you redeem points? Is it like the Arrival or BOA Travel cards? Can you redeem for cash?

chimmy
Guest
chimmy

I would also like to know the answer to this question. Are points only redeemable for travel?

Shawn Coomer - Senior Editor
Member
Shawn Coomer - Senior Editor
Ken
Guest
Ken

Thanks Shawn.

leif
Guest
leif

Is it possible to combine the Olympic bonus with the referral bonus?

Cher
Guest
Cher

Does the Rio bonus apply to new card members only? Can existing members get the Rio Bonus?

Greg The Frequent Miler
Admin

Yes, new card members only

trackback

[…] U.S. Bank Olympic Promo: 20K + Bonus FlexPoints Based on the U.S. Medal Count with Two Popular Cards […]

Warner Rohs
Guest

During the promotional period, both of these cards have a sign-up bonus of 20,000 FlexPoints after $2K spend in 4 months.

trackback

[…] you’ll get about 1.7 cents value per point, for a total bonus value of over $580 (details here).  That’s still excellent!  And, for those wondering: no, I do not earn a commission for […]