topic Re: US Bank Amex's in Credit Cards

US Bank Amex's

CreditCuriosity — Tue, 28 Oct 2014 17:21:33 GMT

Looks like they are finally out.

https://www.usbank.com/credit-cards/flexperks-travel-rewards-american-express-card.html

https://www.usbank.com/credit-cards/flexperks-select-plus-american-express-card.html

Re: US Bank Amex's

rlx01 — Tue, 28 Oct 2014 17:32:23 GMT

What's a FlexPoint worth? 1c?

If so... Not sure what the point is vs Arrival/Arrival+.

Re: US Bank Amex's

CreditCuriosity — Tue, 28 Oct 2014 17:37:31 GMT

I really don't see anything special w/regards to them other then no FTF and apparently no annual fee.... Applying on the premium travel one appears to get your 400 travel credit. dunno, haven't read through it all yet.

Re: US Bank Amex's

chalupaman — Tue, 28 Oct 2014 17:37:52 GMT

Interesting though I've heard US Bank can be really really conservative with their approval requirements.

Re: US Bank Amex's

Ron1 — Tue, 28 Oct 2014 17:41:18 GMT

It is similar to Penfed Travel American Express. I thought they were going to come out another Cash+ Amex.

Ron.

Re: US Bank Amex's

CreditCuriosity — Tue, 28 Oct 2014 17:46:45 GMT

Ya I doubt I would get approved for it currently other then my banking relationship. Figured I just happened to run across it while I was online banking and pass it along since I have heard chatter about the new offerings of the Amex that was coming out and this appears to be them.

Re: US Bank Amex's

chalupaman — Tue, 28 Oct 2014 17:50:36 GMT

I also just noticed the first version of the card comes with double FlexPoints on cell phone expenses. That's sort of tempting me a bit along with that sign up offer.

Re: US Bank Amex's

Ron1 — Tue, 28 Oct 2014 17:52:21 GMT

You need to get $49 to have no foreign fee and extra bonus. It is not cash back card. They already have it on Visa and business Visa.

Ron.

Re: US Bank Amex's

Ron1 — Tue, 28 Oct 2014 17:54:13 GMT

@chalupaman wrote:
I also just noticed the first version of the card comes with double FlexPoints on cell phone expenses. That's sort of tempting me a bit along with that sign up offer.

Don't forget about AF. You need to use enough to offset the AF after a year of no AF.

Ron.

Re: US Bank Amex's

CreditMagic7 — Tue, 28 Oct 2014 17:54:20 GMT

@Ron1 wrote:
It is similar to Penfed Travel American Express. I thought they were going to come out another Cash+ Amex.

Ron.

Wishful thinking but I'm afraid US Bank has no interest in that since they are already nerfing the Cash+ as it is. And to think this card was once at the very top to go after in a few months for me. I have their bland Cash Rewards CC w/$2000 limit that i yet to get a CLI on since 2012

As a personal experiment i have been carrying a nonstop balance the entire duration with them however

Re: US Bank Amex's

chalupaman — Tue, 28 Oct 2014 17:56:51 GMT

@Ron1 wrote:
@chalupaman wrote:
I also just noticed the first version of the card comes with double FlexPoints on cell phone expenses. That's sort of tempting me a bit along with that sign up offer.
Don't forget about AF. You need to use enough to offset the AF after a year of no AF.

Ron.

True though it also says that they waive the fee for a year. I'm assuming I'd be able to downgrade to the other version of the card before then.

Re: US Bank Amex's

Ron1 — Tue, 28 Oct 2014 18:01:34 GMT

@chalupaman wrote:
@Ron1 wrote:
@chalupaman wrote:
I also just noticed the first version of the card comes with double FlexPoints on cell phone expenses. That's sort of tempting me a bit along with that sign up offer.
Don't forget about AF. You need to use enough to offset the AF after a year of no AF.

Ron.

True though it also says that they waive the fee for a year. I'm assuming I'd be able to downgrade to the other version of the card before then.

I hope so. I don't know the value of the points. It is not Cash back. No one has tried to apply . Don't know how tough to get approved. It is not Diners Club!

Ron.

Re: US Bank Amex's

rlx01 — Tue, 28 Oct 2014 18:03:24 GMT

At 1c per point... You'd need over $204 in cell expenses per month to offset the AF.

Or you can just get a Citi DC and earn 2% on everything for no AF.

These cards are pointless past the signup bonuses. Pretty much identical to the WF Propel. Not sure why anyone cares which network processes transactions. Especially when AX has lower acceptance than V/MC.

Re: US Bank Amex's

Ron1 — Tue, 28 Oct 2014 18:08:27 GMT

@rlx01 wrote:
At 1c per point... You'd need over $204 in cell expenses per month to offset the AF.

Or you can just get a Citi DC and earn 2% on everything for no AF.

These cards are pointless past the signup bonuses. Pretty much identical to the WF Propel. Not sure why anyone cares which network processes transactions. Especially when AX has lower acceptance than V/MC.

+1. It is another Amex network card.

Ron.

Re: US Bank Amex's

CreditCuriosity — Tue, 28 Oct 2014 18:14:44 GMT

I think people were expecting more out of these new amex cards and maybe it failed to deliver? Anyways, be curious when some people post the approval criteria as we know some will be applying soon.

Re: US Bank Amex's

mikelo22 — Tue, 28 Oct 2014 18:22:05 GMT

Only 20,000 FlexPoints = up to a $400 ticket.

So what is the value on the flexpoints exactly? The website says the above^^^. If the redemption is that lucrative, maybe it might have some value. But the website doesn't go into detail about how you get this sort of redemption value.

Otherwise, beyond the sign-up bonus, not sure how this card is any good.

Re: US Bank Amex's

CreditCuriosity — Tue, 28 Oct 2014 18:22:55 GMT

Signup on the higher end card then after a year downgrade and basically have a 400 ticket? If they allow that.

Re: US Bank Amex's

Ron1 — Tue, 28 Oct 2014 18:23:40 GMT

@mikelo22 wrote:

Only 20,000 FlexPoints = up to a $400 ticket.
So what is teh value on the flexpoints exactly? The website says the above^^^. If the redemption is that lucrative, maybe it might have some value.

Otherwise, beyond the sign-up bonus, not sure how this card is any good.

You need to spend a lot to get something big. Don't forget about $49 AF after a year. You also have to spend enough to offset the AF.

Ron.

Re: US Bank Amex's

Ron1 — Tue, 28 Oct 2014 18:25:48 GMT

@CreditCuriousity wrote:
Signup on the higher end card then after a year downgrade and basically have a 400 ticket? If they allow that.

US Bank is known for conservative. They are not going to hand out the cards like candies.

Ron.

Re: US Bank Amex's

dodgerslv — Tue, 28 Oct 2014 18:56:03 GMT

I agree...a expected a little better rewards. I may still apply for it thought...would have to think about it because i already have 3 personal CCs with US Bank.