Tag Archives: annual fee

us-bank-long-logo

Is US Bank Eliminating Credit Card Retention Offers?

Good morning everyone!  I hope you all are enjoying the new year so far :)  I recently had 2 disappointing attempts at retention offers with US Bank so I wanted to share them with you and see if anyone has had any recent similar (or hopefully better) experiences.

Like most travel hackers, I have something like 30+ credit cards so I have to be very careful about only paying annual fees when I think I’m getting good value from that card beyond the first year.  Why 30+ credit cards?  Well, most of them are cards that I no longer use but I didn’t want to ding my credit score by closing the account so I downgraded to a no annual fee version and it just sits there until a bank tells me that I have too many open accounts and I have to close one in order to open another.  Two of those 30+ cards are US Bank FlexPerks cards (US Bank FlexPerks Travel Rewards Visa Signature and US Bank FlexPerks Travel Rewards American Express).  I believe the US Bank FlexPerks Travel Rewards American Express Card was replaced by the the US Bank FlexPerks Gold American Express Card a few months ago.

Continue reading