There is a $49 annual fee Travel Rewards card and a no annual fee Flex Points card with slightly different package (the bank decides on your application whether you are eligible for a higher rank Travel Rewards card or not)
no annual fee option
up to 2x points on selected category
mediocre rewards rate
foreign transaction fee
Not the most interesting card. Rewards rate is mediocre even on a higher-ranking Travel Rewards card. On a Flex Points card, it is just 0.5 points per dollar, which is really low.
Annual fee makes the offer even less desirable.
Have a look at US Bank Cash Plus card instead - it offers 5% cash back on 2 categories on your choice and 2% on 1 category of choice.
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