This Bank Is Giving New Credit Cardholders Rewards Every Time the U.S. Wins a Medal at Rio

[Update: Some offers mentioned below have expired. For current terms and conditions, please see card agreements.]

In case you need more incentive to get excited over Team USA wins at the Olympics in Rio later this month, Visa and U.S. Bank are teaming up to offer cardholders extra points every time a U.S. athlete medals.

The FlexPerks Travel Rewards Visa card promotion runs in the United States from Aug. 1 through Sept. 3, 2016. Cardmembers who apply and are approved during the promotion can earn bonus FlexPoints for every U.S. Olympic win — 200 FlexPoints for every Gold Medal, 100 FlexPoints for every Silver Medal and 50 FlexPoints for every Bronze Medal.

“This promotion will encourage our new FlexPerks Travel Rewards Visa Cardmembers to share in the achievement of United States Olympians and bring them closer to The Olympics,” Cliff Cook, senior vice president for the U.S. Bank retail credit-card division, said.

Cardmembers also can receive an extra 20,000 Enrollment Bonus FlexPoints when they spend $2,000 within the first four months after their account is opened.

The offer is subject to credit approval, and is not available to current or previous cardholders. FlexPoints will be awarded as long as one purchase is posted to the account owner’s individual account by Sept. 30, 2016.

Rewards credit cards can be great for people who don’t carry a balance month to month as these cards tend to have higher interest rates. Remember, before applying for any new card, it’s a good idea to check your credit scores to make sure there aren’t any surprises. (You can keep track of your credit scores and what areas of your credit you might be able to improve by viewing your free credit report summary, updated every 14 days, on Credit.com.)

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

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