U.S. Bank FlexPerks® Reserve American Express®
U.S. Bank and related product names are trademarks of their respective owners. Madeen is not affiliated with, sponsored by, endorsed by, or acting on behalf of U.S. Bank. Madeen is an independent credit-card comparison and education service. Issuer websites control current terms, fees, and eligibility.
How we calculate effective rate →
The U.S. Bank FlexPerks® Reserve American Express® from U.S. Bank earns up to 2% effective value on grocery in Madeen's catalog snapshot. Its annual fee is $299.
- Top category
- Grocery
- Effective value
- 2%
- Annual fee
- $299
Best for grocery-heavy spend when the $299 fee fits your usage; confirm issuer terms before applying. Best for spenders who put meaningful volume in grocery and can earn 2% back. Travel perks may add value beyond the earn rate.
What does the U.S. Bank FlexPerks Reserve American Express earn in each category?
Grocery is the strongest category at 2% effective value (2% back). That grocery rate ranks higher than about 69% of the 2,855 cards we track in that category. The five-category effective-rate table on this page shows how U.S. Bank FlexPerks Reserve American Express compares across dining, grocery, gas, travel, and other spend. Catalog spend signals highlight groceries at 2x among.
Grocery is the strongest category at 2% effective value (2% back). That grocery rate ranks higher than about 69% of the 2,855 cards we track in that category. The five-category effective-rate table on this page shows how U.S. Bank FlexPerks Reserve American Express compares across dining, grocery, gas, travel, and other spend.
| Category | Earn rate | Effective value |
|---|---|---|
| Dining Restaurants, cafes, takeout | 1% back | 1% |
| Grocery Supermarkets and grocery stores | 2% back | 2% Top category |
| Gas Gas stations and fuel | 2% back | 2% |
| Travel Flights, hotels, transit | 2% back | 2% |
| Other General everyday spend | 1% back | 1% |
Madeen values cash back at about 1 cents each. Madeen compares every card using this cash-equivalent estimate while still showing the raw earn rate for context.
What are the U.S. Bank FlexPerks Reserve American Express reward caps and conditions?
The U.S. Bank FlexPerks Reserve American Express has 3 notable cap or condition rule(s) in Madeen's catalog, including activation windows, spend limits, and category exclusions. Review each bullet below before assuming unlimited earn rates.
- 2X on airlines
- 2X at gas stations and EV charging stations
- 2X at grocery stores
Who should get the U.S. Bank FlexPerks Reserve American Express?
The U.S. Bank FlexPerks Reserve American Express fits spenders who put meaningful volume in grocery and can earn 2% back. Best for spenders who put meaningful volume in grocery and can earn 2% back. Travel perks may add value beyond the earn rate.
U.S. Bank FlexPerks Reserve American Express fits spenders who put meaningful volume in grocery and can earn 2% back. Madeen ranks its grocery effective rate higher than about 69% of the catalog in that category. Compare it against cards you already carry with Madeen — no bank login required.
Best for spenders who put meaningful volume in grocery and can earn 2% back. Travel perks may add value beyond the earn rate.
Compare it against simpler no-fee cards if you want minimum complexity.
Best for grocery-heavy spend when the $299 fee fits your usage; confirm issuer terms before applying.
Pros
- Strongest Madeen category is grocery at about 2% effective (2% back).
- No foreign transaction fee listed.
- Includes travel or statement credits in our benefits snapshot.
Cons
- $299 annual fee requires enough spend in bonus categories to offset.
- Multiple caps, activations, or exclusions may limit headline earn rates.
Does the U.S. Bank FlexPerks Reserve American Express have an annual fee?
The U.S. Bank FlexPerks Reserve American Express has an annual fee of $299 and a foreign transaction fee of None. Confirm current fees on the issuer page before applying.
- Annual fee
- $299
- Foreign transaction fee
- None
What travel perks does the U.S. Bank FlexPerks Reserve American Express include?
The U.S. Bank FlexPerks Reserve American Express includes Lounge access, Airport Lounge Allowance, Car Rental Loss and Damage Insurance, Extended Warranty in our snapshot. Perks and benefits can change; verify coverage on the issuer site before you rely on them.
Lounge access
Each Cardmember year, you can receive a one-time complimentary airport lounge membership credit (up to $500/year value). Use your U.S. Bank Flexperks® Reserve American Express® Card to purchase your membership, notify your Advisor within 90 days and we will credit your Account.
What benefits come with the U.S. Bank FlexPerks Reserve American Express?
Extended Warranty
$10,000/yrFor eligible products purchased entirely with Card, Extended Warranty doubles the original manufacturer's (or U.S. store brand) warranty of 1 year or less.
Travel Accident Insurance
$3,000/yrProvides accidental death or dismemberment insurance while traveling on a common carrier, (plane, train, ship or bus) when the entire fare is charged to your Card. Travel Accident Insurance provides coverage up to $1,000,000.
Airport Lounge Allowance
$99/yrGet away from it all a little sooner. Each Cardmember year, you can receive a one-time complimentary airport lounge membership credit (up to $500/year value). Use your U.S. Bank Flexperks® Reserve American Express® Card to purchase your membership, notify your Advisor within 90 days and we will credit your Account.
Roadside Assistance
$50/yrEnables Covered Cardmembers to obtain dispatch service for roadside assistance, towing and transport if the Covered Person’s Vehicle becomes unusable while traveling, Vehicle replacement while the Covered Person’s car is being repaired, a replacement driver if the Covered Person becomes medically unfit to drive during a trip, continuation of journey or return home if the Covered Person’s Vehicle is lost or unusable.
Car Rental Loss and Damage Insurance
$40/yrCoverage is provided in excess of other insurances against damage or loss to a rental vehicle worldwide.
Lost Luggage Insurance
$35/yrCoverage is provided in excess of other insurances, for the emergency purchase of essential items resulting due to a travel inconvenience caused by lost baggage. Coverage applies to common carrier travel where the entire cost of the ticket was purchased with the Card.
Retail Protection
$25/yrProvides coverage for many items you purchase entirely with your Card if items are damaged or stolen within 90 days from the date of purchase. Coverage is limited to a maximum of $1,000 per loss.
Related encyclopedia topics
Common questions about the U.S. Bank FlexPerks Reserve American Express
Where do cardholders spend most with the U.S. Bank FlexPerks Reserve American Express?
Madeen's RewardsCC catalog snapshot shows the strongest bonus categories on groceries (2x), internet and cable (2x), telephone (2x) for the U.S. Bank FlexPerks Reserve American Express. These are anonymized issuer category signals, not individual cardholder transactions. Route everyday spend through categories that match your habits, then compare effective rates with Madeen at checkout.
Does the U.S. Bank FlexPerks Reserve American Express have an annual fee?
The U.S. Bank FlexPerks Reserve American Express carries an annual fee of $299 in Madeen's catalog snapshot. Issuer terms can change, so confirm the current fee on the issuer's site before you apply. Madeen does not predict approval or prequalification.
What category earns the most with the U.S. Bank FlexPerks Reserve American Express?
Grocery is the strongest Madeen category for the U.S. Bank FlexPerks Reserve American Express at about 2% effective value, based on our catalog snapshot and standard point valuations. Other categories are listed in the effective-rate table on this page.
Does the U.S. Bank FlexPerks Reserve American Express charge foreign transaction fees?
The U.S. Bank FlexPerks Reserve American Express does not charge a foreign transaction fee in Madeen's catalog snapshot, which can make it stronger for purchases outside the U.S. Issuer terms still control international acceptance and other fees.
Is the U.S. Bank FlexPerks Reserve American Express annual fee worth it?
Whether the $299 annual fee pays off depends on how much you spend in grocery and whether you use the card's benefits. Compare effective rates across the cards you already carry in Madeen.
What credit score do you need for the U.S. Bank FlexPerks Reserve American Express?
Madeen's catalog lists a typical credit range of Excellent for the U.S. Bank FlexPerks Reserve American Express. Issuers decide approval using their own criteria; Madeen does not predict approval odds or prequalification.
How does the U.S. Bank FlexPerks Reserve American Express compare to similar cards?
Compare the U.S. Bank FlexPerks Reserve American Express against U.S. Bank Perks+ Visa (2% on Grocery, $0 fee); U.S. Bank Cash+ Visa Signature (5% on Travel, $0 fee); H-D™ H.O.G.™ Elite Visa Signature (5% on Gas, $99 fee). Madeen ranks effective value by category and annual fee using the same catalog snapshot dated 2026-05-01.
| Card | Top category | Effective value | Annual fee |
|---|---|---|---|
U.S. Bank FlexPerks Reserve American Express This card | Grocery | 2% | $299 |
U.S. Bank | Grocery | 2% | $0 |
| Travel | 5% | $0 | |
U.S. Bank | Gas | 5% | $99 |
| Gas | 4% | $0 |
Side-by-side comparisons
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U.S. Bank and related product names are trademarks of their respective owners. Madeen is not affiliated with, sponsored by, endorsed by, or acting on behalf of U.S. Bank. Madeen is an independent credit-card comparison and education service. Issuer websites control current terms, fees, and eligibility.
Madeen compares cards you add to your wallet using published catalog rules — no bank login required. Issuer pages control current fees, caps, exclusions, and eligibility; Madeen does not issue cards, make approval decisions, or provide financial advice. Apply links are temporarily hidden on madeen.app. Affiliate disclosure