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I signed up for a US Bank FlexPerks card back in 2014 (during their Winter Olympics promotion)
It’s not a card that I use a ton (though I know there are others that love MSing on this card), so after meeting the minimum spenidng, I have a little over 30,000 FlexPerks travel rewards points. This is good for a ticket of up to $600 – here’s the system for redeeming FlexPerks travel rewards
As you can see though, you have to redeem a minimum of a $400 ticket (20,000 FlexPerks), and it really pays to get a ticket that is right up against the limit. For example, a $600 ticket costs 30,000 FlexPerks travel rewards, but a $401 ticket ALSO costs 30,000 FlexPoints.
But… is there a better way to redeem FlexPerks travel rewards?
I was looking at whether it was possible to redeem US Bank Flexperks Travel Rewards on Southwest flights, and I started thinking about how awesome Southwest’s cancellation policy is. What if… I bought a $600 ticket on Southwest and paid for it with my US Bank FlexPerks points? Then, after 24 hours was up, you just cancel the flight (no cancellation fee on Southwest!) and that travel amount is just returned to your Southwest account for future use on ANY Southwest flight
The flight you pick doesn’t really matter at all – and it just depends on how much time you want to take searching to see how close you can get to $600 (or whatever limit you have with your Flex Perks, depending on how many you have). Turns out I was not the first person to think of this – see also this Million Mile Secrets post from last year.
You do have to CALL in to FlexPerks to book a Southwest ticket 888-229-8864. You will want to find a flight where there aren’t any Wanna Get Away fares available so that the FlexPerks agent won’t “accidentally” book you a cheaper flight (oh! the horror!). There is a $25 phone fee but typically they will waive that fee as Southwest tickets are not bookable on the website.
Another note to keep in mind with your Southwest travel voucher funds – they expire one year from the date of issue, and if you use the travel vouchers on a flight, and then cancel THAT flight, the voucher still has the expiration date of the original flight. And of course, this assumes that you are okay converting your FlexPerks to Southwest Rapid Rewards points (and not for any other airline). Still, I think this is a pretty good way to redeem FlexPerks travel rewards, or at least to be aware of!