U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB), has partnered with Plastic Jungle, the web's largest secured gift card exchange, to enable FlexPerks Travel Rewards Visa Signature cardholders to easily and safely exchange select merchants' gift cards for highly valued FlexPoints, reward points that can be redeemed for travel, merchandise and more. Together, U.S. Bank and Plastic Jungle have pioneered this innovative concept of offering credit card rewards in exchange for gift cards.
“We’re continually seeking innovative ways for our FlexPerks cardholders to earn FlexPoints and offering a simple, safe and quick exchange of unredeemed gift cards for valuable FlexPoints is certainly an inventive approach,” said Cliff Cook, chief marketing officer for U.S. Bank Retail Payment Solutions. “With the holidays over and spring break time here, the gift card exchange is timely for cardholders looking to accumulate some extra FlexPoints for travel.”
Starting today, FlexPerks Travel Rewards cardholders can visit the FlexPerks Visa Promotion Center to exchange their gift cards for FlexPoints. Cardholders simply enter the details of the card, such as the merchant, gift card number and card value. Plastic Jungle determines the value of the cardholder’s gift card, which then is translated into a FlexPoints value. Cardholders who like their offers simply click "Accept", and the FlexPoints are added to their accounts within two business days.
“Gift cards are the number one most requested and gifted present in the United States, but at times that gift card just isn’t the right fit,” said Bruce Bower, chief executive officer of Plastic Jungle. “Our new partnership with U.S. Bank allows us to give consumers one more way to unlock this value. Plastic Jungle is looking forward to powering this new solution for FlexPerks cardholders.”Plastic Jungle helps unlock the estimated billions in unredeemed gift cards by allowing people to sell gift cards for up to 92 percent of the gift card value and buy new gift cards at their favorite brands for up to 35 percent off.
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