Do U. S. Bank rewards expire? This question is about U.S. Bank Credit Cards

Do U. S. Bank rewards expire?

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This question is about U.S. Bank Credit Cards

Chip Lupo, Credit Card Writer

@CLoop • 08/03/21 This answer was first published on 08/03/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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U.S. Bank points earned with the Altitude rewards program do not expire as long as the account is open and in good standing. U.S. Bank FlexPerks points and cash back rewards do expire, though - FlexPoints expire 5 years after they're earned, and cash back rewards expire 36 months after they're earned. You may also risk forfeiting any unredeemed points or cash back if you or U.S. Bank closes your account for any reason.

Because U.S. Bank FlexPoints and cash back rewards will eventually expire, it's a good idea to redeem them as often as possible so you don't lose them. And although U.S. Bank Altitude points don't expire until the account is closed, it's still smart to use them sooner rather than later to reduce the risk of devaluation. If you aren't sure which type of rewards your U.S. Bank credit card gives, refer to your card's rewards terms and conditions.

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What is a U.S. Bank Rewards Card?

The U.S. Bank Rewards Card is a non-reloadable Visa or Mastercard prepaid card. Companies can buy and load U.S. Bank Rewards Cards for their employees, in connection with a loyalty, award or promotional program. Unlike most prepaid cards, the U.S. Bank Rewards Card cannot be purchased directly by consumers.

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Cost of Item in Dollars / Cost in Points = Value of 1 Reward Point

In many credit card rewards structures, point redemption values change depending on what you redeem them for. Some credit cards give more value point-for-point on travel redemptions than cash back, for example. The average credit card reward point value is 1 cent, for reference.

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The best way to find out what your points are worth is to log into your credit card account online, look for a rewards redemption section, and see how many points are needed for merchandise, cash back, gift cards, and travel. Then, find out how much you’d pay for those things outside of the redemption portal and do a points-to-dollars comparison. For example, if 100 points gets you 75 cents of a gift card, or $1 in plane tickets, you should go with the plane ticket.

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