Banking major U.S. Bank is known for its innovative consumer friendly schemes. In yet another initiative U.S. Bank has decided to rewards for cardholders who give away for charitable causes. It has tripled its FlexPoints on the donations made by cardholders with their FlexPerks Select Rewards or the FlexPerks Travel Rewards credit cards. Cardholders can avail triple FlexPoints on donations which go over and above 25,000, the eligibility criteria for non-profits and charitable institutions under 501(c)(3).
Cliff Cook, Chief Marketing Officer, U.S. Bank Retail Payment Solutions was quoted as saying that it was important to support the communities where people live and work. He also stated that being supportive was essential in today’s challenging economy. He stated that this was a wonderful opportunity for customers to further their philanthropic work and work for such charitable causes. Apart from rewarding their clients for their charitable giving, U.S. Bancorp has a number of initiatives wherein consumers are encouraged to participate and work to strengthen these communities. Cliff Cook was also quoted as saying that he was excited to see the responses to these rewards and the way it is put to use by consumers.
U.S. Bancorp in its efforts to do philanthropic work and working for non-profits have come a long way since 2009. Over $20.6 million was contributed by the U.S. Bancorp Foundation by way of grants as well as employee matching gifts. This contribution was sent to organizations all over the nation. Non-profit sponsorships as well as corporate contributions to the tune of over $8.1 million were also given away by U.S. Bankcorp Foundation.
The card was named the ‘Best Credit Card if You Want Travel Perks’ by the Personal Finance Magazine by Kiplinger’s. the magazine stated in its news release that the offers from FlexPerks Travel Rewards Visa Card was the best in the industry which offered value added services for its customers especially for the ones who wanted to use the travel rewards programs. It also stated that customers could earn gift cards, merchandise, cash back as well as statement credits with the FlexPerks Travel Rewards Visa Card. This was in addition to the travel rewards. Customers who are FlexPerks cardholders also have the privilege of being accepted universally as is the case with Visa Card Customers. The FlexPerks cards also allow the cardholders to choose the rewards that they actually want and one can earn FlexPoints and it could be combined with other rewards as well.