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The winter olympics have now officially finished. US Bank have been running a promotion where they’ve based a portion of the FlexPerks® Travel Rewards Visa Card sign up bonus on how many winter Olympic medals are won by team USA. The total points won can now be found below.

Gold (500 points per medal): 9 (4,500 points)

Silver (250 points per medal): 7 (1,750 points)

Bronze (100 points per medal): 12 (1,200 points)

Total: 7,450 points

This is on top of the 20,000 bonus that this card usually comes with, bringing in a total of 27,450 points.

Requirements

Apply for the and be approved for the card before 7th of March, 2014.

Spend a minimum of $3,500 to receive the sign up bonus within three months

First purchase must be made by 31st of March, 2014.

Earning More Points

Earn 1 FlexPoint for every $1 spent

Earn 2 FlexPoints on gas, grocery or airline purchases (only on one of these categories, whichever you spend the most on every month)

Earn 3 FlexPoints for charitable donations

How Much Are The Points Worth?

1¢ per point when redeeming for statement credit 2¢ per point when redeeming for travel

Our Verdict

When this offer was first posted, we told everybody to jump on it and whilst the US team didn’t do as well as they did in Vancouver (which would have resulted in 9,500 points) we still think it’s a great deal. Because you need to spend $3,500, you’ll receive a minimum of 30,950 which is enough for $600 in airfares or $300 in statement credit. One other thing we like about this offer is that a number of people have reported being able to downgrade this card to a U.S Bank Cash+ card before the annual fee of $45 kicks in. For those not familiar this card lets you specify you’re own 2 5% cash back categories along with a 2% cash back category.

You can book most airlines with US Bank’s interface, in general if you can book it with citi thank you points, you’ll be able to book it with US Bank. One noticable exception is Southwest airlines.

The only reason not to apply for this card is because you’re waiting for the summer olympics where a similar promotion is usually held, resulting in a lot more medals and thus points. The downside to this is you’ll need to wait and you’ll also potentially lose out on having the U.S Bank Cash+ card for longer. Are you going to apply? Let us know in the comments.