U.S. Bank Rewards To Expire After 12 Months Of Inactivity

U.S. Bank sent out an email on their personal and business cards indicating that rewards will expire after 12 months of inactivity (direct link):

Cash Rewards will not expire as long as you keep your account active. To keep your account active, simply make a purchase, maintain a balance or redeem rewards. Cash Rewards will expire if there is no activity for 12 billing cycles.

There’s also a cryptic note about how Real-Time Rewards values may vary over time:

You’ll get the most value when you redeem your Cash Rewards as a statement credit, deposit into an eligible U.S. Bank account or as a cash donation to charity. When redeeming Cash Rewards for Real-Time Rewards and U.S. Bank Rewards Card, the Cash Rewards values and redemption minimums may vary over time, and will be disclosed upon redemption.