¹ Rewards are earned on eligible Net Purchases. Net Purchases are Purchases minus credits and returns. Not all transactions are considered to be Purchases and eligible to earn Points, such as transactions posting as Convenience Checks; Balance Transfers; Advances (including ATM withdrawals, wire transfers, traveler's checks, money orders, foreign cash transactions, betting transactions, and lottery tickets); interest charges and fees; credit insurance premiums; and transactions to (i) fund certain prepaid card products, (ii) buy currency from the U.S. Mint, or (iii) buy cash convertible items. Upon approval, please refer to the materials received with your new card and the Program Rules in the online Rewards Center by logging in to usbank.com for additional information. Account must be open and current (that is, no Minimum Payment is past due) on the closing date of the billing cycle in order to earn and redeem FlexPoints. Merchants identify their business by selecting a merchant category code established by American Express. A Purchase will not earn additional FlexPoints if the merchant’s selected code is in a category that is not eligible for additional FlexPoints earning. U.S. Bank does not determine the category codes that merchants choose and reserves the right to determine which Purchases qualify for additional FlexPoints. We reserve the right to adjust the number of FlexPoints for Purchases or to stop issuing FlexPoints for Purchases on the Account, upon notice to you. Use of the Card is subject to terms and conditions of the U.S. Bank FlexPerks Reserve American Express Cardmember Agreement, which may be amended from time to time. U.S. Bank FlexPerks Reserve American Express Cardmembers will earn one (1) FlexPoint for every $1 in eligible Net Purchases. In addition, you will earn additional FlexPoints for the following Net Purchases: You will earn four (4) additional bonus FlexPoints for every $1 in eligible Net Purchases spent on prepaid car and hotel reservations purchased in the online FlexPerks Rewards Center using your U.S. Bank FlexPerks Reserve Card. Please allow 1-2 statement billing cycles for your bonus FlexPoints to appear on your credit card statement. Refer to the Rewards Center for full details. You may earn two (2) additional FlexPoints for every $1 in Net Purchases during the current month’s billing cycle for any merchant that classifies itself as a Charitable and Social Service Organization. You may earn additional FlexPoints for purchases at merchants that are classified as: airlines, gas stations and electric vehicle charging stations or grocery stores (each, a “Category”). You may earn one (1) additional FlexPoint for every $1 in Net Purchases in the one Category in any given monthly billing cycle that has the highest total of Net Purchases charged to your Account (the “Highest Category”). Purchases at discount/retail stores that sell groceries may not qualify for the grocery store category. In addition, for any cellular services provider merchant, you may earn one (1) additional FlexPoint for every $1 in Net Purchases during each monthly billing cycle. Please allow 1-2 statement billing cycles for your bonus FlexPoints to appear on your credit card statement. Refer to the FlexPerks Rewards Center for full details. FlexPoints will expire at the end of the calendar quarter, at 11 p.m. Central Time, that is five (5) years from the date on which they were earned. FlexPoints are redeemed or expire on a first-in, first-out basis, so FlexPoints you earned first are used or expire before FlexPoints you earned later.  

²Cardmembers who have both a personal credit card account and a business credit or charge card account with U.S. Bank are not eligible for these offers. For full terms and conditions visit usbank.com/smartrewards. 

³ Each Cardmember year (meaning each 12 month period measured from the date the account was opened or an anniversary thereof), FlexPerks Reserve Cardmembers may receive a one-time complimentary airport lounge membership (up to a $500/year value). Cardmembers who purchase an airport lounge membership using their U.S. Bank Flexperks® Reserve American Express® Card may be credited up to $500 on a future statement. A Cardmember must notify their Advisor to request a statement credit within 90 days of airport lounge membership purchase. Once eligibility is confirmed by Cardmember Service, the Cardmember will receive one statement credit within 4-6 weeks for the amount of the membership, up to $500.  

⁴ Contactless functionality is available on all newly issued U.S. Bank consumer credit cards. For existing cardholders, contactless functionality may be available upon next reissue. The Contactless Indicator mark, consisting of four graduating arcs, is a trademark owned by and used with permission of EMVCo, LLC.

⁵ You agree to be responsible for all transactions the Authorized User makes on your account.  Authorized Users can request information on this account, such as but not limited to: current balance, payment due date and credit limit.  Authorized Users can also perform maintenance functions on this account, such as but not limited to: activate a Card, balance transfers, make a payment or remove their name from the account.  Lastly, Authorized Users are not permitted to perform certain functions on this account, such as but not limited to: account closure, order a new Card or add a name on this account.