US Bank Devalues Real Time Flexperks Rewards to 1 cent per point

We recently wrote about how the Flexperk credit cards (with the exception of the Gold Flexperk card) were no longer accepting new applications. It looks like there will be another change to the Flexperk program… this is going to be a negative one.

The Changes

Previously, the Flexperk points were worth 1.5 cents per point. They are now going to be reduced down to 1 cent per point. The only exception to this rule is the Altitude Reserve card. Points earned on the Altitude Reserve card will still be worth 1.5 cents if redeemed through their travel portal. 

Final Thoughts

Obviously this a pretty negative change. While the majority of Flexperk cards will no longer be open to new applicants, there are still plenty of those out there that do currently have them. For those individuals, it may not make sense to keep the card any longer.

If you have the Altitude Reserve card, then you may be safe. Even with the changes to the Altitude Reserve, it looks like we are not seeing an annual fee increase or a decrease in value of the points.  

Has this point devaluation changed any sort of decision to your credit card strategy? Are you thinking to dump the points, or getting an Altitude Reserve to get the increased value? Let us know in the comment section below!

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