Good morning everyone, I hope you had a great weekend. As part of my “Keep, Cancel or Convert?” series, I like to evaluate and reevaluate credit cards to make sure they still deserve a spot in my wallet (or credit card drawer). For today’s post, I will review my US Bank Radisson Rewards Business Credit Card (no longer available to new cardholders) which just charged me the $60 annual fee. The only reason I keep this credit card year after year is the 40,000 anniversary Radisson Rewards Points. I am basically buying 40,000 Radisson Rewards Points for $60, which is 0.15 cents per point (CPP). I probably value Radisson Rewards Points at 0.4-0.5 CPP, so I have no problem paying the annual fee every year.
Even though I planned on keeping this credit card, I called US Bank to ask if there were any retention offers available. After reviewing my account, the rep first said she could cut my interest rate in half. I politely declined that offer and said last year I was offered Radisson Rewards Points to keep the credit card open – was that offer still available? The rep said yes, but it was only for 2,500 Radisson Rewards Points. I told her that was better than nothing and accepted the offer. The rep said I should see the 2,500 Radisson Rewards Points on my next statement.
Even though the 40,000 anniversary Radisson Rewards Points haven’t posted, I went to my account and looked back 12 months. It looks like the anniversary points posted in September 2018, so I need to wait another month for my next round of anniversary points to post. Since I have 3 Radisson Rewards credit cards, I have 3 different Radisson Rewards accounts. I like to move all the Radisson Rewards Points into 1 account to make redemptions easier. You can move Radisson Rewards Points for free, just call Radisson Rewards. The transfers are instant.
If you have any questions about the US Bank Radisson Rewards Business Credit Card, please leave a comment below. Have a great day everyone!