[Update] U.S. Bank Altitude Reserve Review - 50,000 Point Sign Up Bonus ($750 Towards Airfare) + $325 Travel Credits - Doctor Of Credit (2023)

Update 9/25/22: There’s no longer the requirement of being an existing U.S. Bank customer in order to apply for the Altitude Reserve card. Though approval odds might be better for someone with a checking account. (ht uscreditcardguide) Updated below.

(This card is not accepting new applications as of November 30, 2020. Open to applications again)

U.S. Bank has officially just launched their new Altitude Reserve credit card. As is tradition, it’s time for our in depth review of this new premium credit card.

Contents

(Video) U.S. BANK ALTITUDE RESERVE REVIEW! (Unboxing New Card Design!)

  • 1 Quick Overview
  • 2 Application Information
    • 2.1 Who is eligible for this card?
    • 2.2 What Credit Bureau Does U.S. BankPull For The Altitude Reserve?
    • 2.3 What Credit Limit Will I Receive?
  • 3 Card Benefits
    • 3.1 $325 Annual Travel Credit
    • 3.2 12 Complimentary Gogo Wi-Fi Passes
    • 3.3 Priority Pass Select Membership
    • 3.4 Global Entry or TSA Pre✔Fee Credit
    • 3.5 GroundLink Black Car Service
    • 3.6 Silvercar
    • 3.8 Metal Card
  • 4 Earning Rewards
    • 4.1 50,000 Point Sign Up Bonus
    • 4.2 Ongoing Spend
    • 4.3 Transferring FlexPerks Points
  • 5 Redeeming Rewards
    • 5.1 Real-time Rewards 1.5¢ Per Point
    • 5.3 Annual Fee 1.14¢ Per Point
    • 5.4 Statement Credit 1¢ Per Point
  • 6 Our Verdict
  • 7 Tips/Things To Know
  • 8 F.A.Q’s

Quick Overview

  • Sign up bonus of 50,000 points after $4,500 in spend within the first 90 days
  • Annual fee of $400 for the primary cardholder. Authorized users can be added for $75 $0 each.
  • $325 in annual travel/dining credits. This is based on a card member year, rather than calendar year.
  • Card earns at the following rates:
    • 5x on prepaid hotel and car rentals booked through the Altitude Rewards Center
    • 3x on mobile payments (including LoopPay/MST transactions)
    • 3x on travel purchases made directly with airlines, hotels, car rental companies, taxis, limousines, passenger trains and cruise line companies
    • 1x on all other purchases
  • Priority Pass Select Membership

Application Information

Who is eligible for this card?

  • To be automatically approved you need:
    • To be an existing U.S. Bank customer for at least 35 days 5 business days
    • Must be an existing U.S. Bank consumer customer
  • You can get the above requirement waived by applying in branch (you still need to be a U.S. Bank customer, but business is fine and the 35 day waiting period is waived).
  • This issue should be fixed in a future release
  • You’re considered an existing eligible customer if you have any of the following:
    • U.S. Bank Checking or Savings account
    • Certificate of Deposit
    • Mortgage
    • Home Equity Loan
    • Home Equity Line of Credit
    • Auto/Boat/RV Loan
    • Personal Loans and Lines
    • Private Banking account
    • Consumer Credit Card

You can view the best way to become eligible by clicking here. If you’re not recognized as an existing customer no hard pull will be done. There also seems to be some suggestion that the following helps:

  • Income of $60,000+
  • FICO score of 720+

What Credit Bureau Does U.S. BankPull For The Altitude Reserve?

This varies by the state you live in, you can view more information about this here.

What Credit Limit Will I Receive?

This varies from person to person. The minimum credit limit for this card is $5,000 (lower than the $10,000 limit required for other Visa Infinite cards).

Card Benefits

You’d expect significant card benefits for a card with a $400 annual fee. Let’s go into detail for each benefit this card offers.

$325 Annual Travel Credit

This card provides you with up to $325 in annual travel credits per card member year. Your account is credited whenever your card is used for purchases made directly(e.g not through a travel agent) from:

  • Airlines
  • Hotels
  • Car rental companies
  • Taxis
  • Limousines
  • Passenger trains
  • Cruise lines
  • They’ve now added dining, takeout, and food delivery as eligible categories as well

It doesn’t matter if you make the purchase with the primary or authorized user card it will still trigger the credit. Keep in mind the authorized user does not get their own $325 travel credit. The credits are applied automatically and you shouldn’t need to do anything for the credit to appear (as always it’s a good idea to keep an eye on this to ensure it does post automatically).

(Video) NEW US Bank Card Offers 4% Back on Travel and & Gas - Altitude Connect

12 Complimentary Gogo Wi-Fi Passes

Things to know:

  • These passes are valid for 12 months from the date that you register your card.
  • Each flight segment (takeoff and landing) will use up one of these passes.
  • You must register for this benefit before flying
  • Same benefit as offered on the Visa FlexPerks card

Priority Pass Select Membership

  • Can enroll one card member in the program at a time.
  • First four visits and four individual accompanying guest visits are waived each Priority Pass Select membership reward (per membership year)
  • After the free visits have been used you will be charged $27 per person per visit

Global Entry or TSA Pre✔Fee Credit

You can receive a statement credit of up to $100 when you use your card for the application fee on Global Entry or TSA PreCheck. You’re able to receive this statement credit once every 4 years.

GroundLink Black Car Service

  • 15% off the base rate for reservations booked and paid with using the Altitude Reserve
  • One time $30 promotional credit towards a booking

Silvercar

Rent an Audi A4 with no lines or paperwork from airport locations in select cities and receive a discount of up to 30% on rentals of two days or more.

Elite Hotel Benefits At Relais &Châteaux

If you book through the Visa Infite concierge and stay two nights at qualifying Relais &Châteaux properties you’ll receive Club 5C status. Normally you need to stay an average of 18 nights annually to receive this status. It gives you the following benefits:

  • Access to a special reservations line
  • Welcome gifts & amenities
  • Unique experiences/extras (e.g picnic lunch served by Little Nell at the top of Colorado’s Aspen Mountain)

An example of what you receive can be found on the website for the Wedgewood Hotel.

Metal Card

Card is made from metal.

(Video) $400 Sign Up Bonus w/ a US Bank Checking Account

Earning Rewards

50,000 Point Sign Up Bonus

This card has a sign up bonus of 50,000 points after $4,500 in spend within the first 90 days.

Ongoing Spend

  • Card earns at the following rates:
    • 3x on mobile payments (including LoopPay/MST transactions, see also this post)
    • 3x on travel purchases made directly with airlines, hotels, car rental companies, taxis, limousines, passenger trains and cruise line companies
    • 1x on all other purchases

Transferring FlexPerks Points

It’s possible to transfer FlexPerk points to Altitude points, but not vice versa. Keep in mind that FlexPerks have a maximum redemption value of 1.5¢.

Redeeming Rewards

Real-time Rewards 1.5¢ Per Point

Real-time rewards lets you redeem points for 1.5¢ per point, more details here.

Airfare, Hotels & Car Rental 1.5¢ Per Point

You can redeem points for airfare, hotels & car rental at a rate of 1.5¢ per point. Keep in mind that you need to use their booking system and that’s far from perfect. Usually it prices the same as elsewhere or by booking directly and you’ll still earn airline miles/credits.

Annual Fee 1.14¢ Per Point

Instead of paying the $400 annual fee in cash you can offset it by paying 35,000 in points for a value of 1.14¢ per point. Can also be used for authorized users.

Statement Credit 1¢ Per Point

You can redeem points for statement credit at a rate of 1¢ per point.

(Video) Why pay $400 or more for a credit card? | Ep 172 | 10-15-22

Our Verdict

This card is worth signing up for a lot of people:

  • 50,000 point sign up bonus (worth $500 or ~$750 towards flights)
  • $325 in travel credits
  • $400 annual fee

I don’t think travel credits are worth the same amount as straight cash, but even at 80% of face value that’s $260. Worst case scenario you use 35,000 points to offset the annual fee leaving you with $150 worth of points and $325 ($260 ‘cash value’) in travel credit.By no means the best bonus ever, but well worth applying for. Obviously if you value the card benefits (and I think they are very weak) then the value proposition gets even better.

What’s really interesting for me and a lot of other people is the ability to get 3x points on mobile wallet purchases. This could be amazing for manufactured spending (and regular spending if you just use Visa gift cards purchased with this for your regular purchases) depending on what stores near you accept mobile payments. Even better for people with eligible Samsung Phones as the MST technology means it can be used on most swipe only payment terminals. We also took a look at the cheapest way to get Samsung Pay in this post.

I personally don’t think this card will be worth keeping after the first year for the majority of people, unless you can really make use of the 3x categories. Let me know if you agree/disagree in the comments below.

Follow-up note: US Bank has been aggressively shutting down accounts of those who buy Visa gift cards. Steer clear.

Tips/Things To Know

  • If you apply and want to share data points, please do so here.
  • Read these things everybody should know about U.S. Bank credit cards here.
  • They are offering 500 points for enrolling in real time rewards.
  • When you call in to activate your card tell them that you would also like to activate it for use in a mobile wallet.

F.A.Q’s

I’ll answer the more commonly asked questions here.

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FAQs

Is U.S. Bank altitude reserve worth it? ›

Yes it has a premium price, comes with some plush perks and even offers 50% more bang for your buck when redeeming rewards for travel, but the U.S. Bank Altitude® Reserve Visa Infinite® Card* doesn't quite make it to the top tier when it comes to high-end travel cards.

What counts as travel for U.S. Bank altitude reserve? ›

The definition of such expenses is fairly broad, and includes purchases made directly with airlines, hotels, car rentals, taxicabs, limousines, passenger trains, and cruise line companies. Additionally, prepaid travel and hotels directly booked through Altitude Rewards Center earn 5x points.

How do I redeem my altitude reserve points U.S. Bank? ›

You can redeem your Altitude points for gift cards as well with a flat 1 cent per point value. You'll receive 1 cent per point regardless of which U.S. Bank Altitude card you have. To do this, log into your online account, visit the Rewards Center homepage, and click Redeem Rewards on the Rewards Details page.

Is the U.S. Bank altitude Go Card hard to get? ›

Is it hard to get approved for the U.S. Bank Altitude Go? You'll need excellent credit, generally defined as a credit score of at least 720, to qualify for the U.S. Bank Altitude® Go Visa Signature® Card. Card issuers also take into account your income, existing debts and other information when evaluating applications.

What triggers U.S. Bank altitude reserve travel credit? ›

Eligible travel purchases include those made directly with airlines, hotels, car rentals, taxicabs, limousines, trains and cruise lines.

Does Bank of America do hard pull for CLI? ›

The good news is a credit limit increase with Bank of America doesn't trigger a hard inquiry on your credit report. No matter if you request the increase or the bank initiates first, it won't impact your credit score, which means it never hurts to try for that higher credit limit.

Is the U.S. Bank altitude Go Card metal? ›

Is the U.S. Bank Altitude Go Visa Signature Card a metal credit card? Yes, the U.S. Bank Altitude Go Visa Signature Card is one of two metal credit cards issued by U.S. Bank.

Do U.S. Bank altitude points expire? ›

Earn 50,000 bonus points.

That's a $500 value redeemable toward merchandise, gift cards, cash back, 2 travel and more. And your points never expire. $0 intro annual fee for the first year, $95/year thereafter. Get a decision in as little as 60 seconds.

Do I need to tell my bank when I travel? ›

You're not required to notify your credit card company when you're going away on vacation, but it is highly recommended. By letting your credit card company know where you're going and for how long, your company will know that any card transactions from that location were likely authorized by you.

How much is 25000 Bank of America points worth? ›

25,000 online bonus points offer (a $250 value) and no annual fee.

How much are US bank altitude points worth? ›

Points are worth 1.5 cents each when redeemed through the U.S. Bank online portal to buy travel, such as flight tickets and hotel stays. (Points can also be redeemed at a lower rate for cash back, gift cards, merchandise, entertainment and magazines.) This high redemption rate is a big deal.

How much is an altitude point worth? ›

There's no fixed value for Altitude Rewards points because the dollar value is different between rewards. But to give you an idea, redeeming Altitude Rewards points for cashback gives you 0.35 cents per point.

What credit score do you need for a U.S. Bank card? ›

You need a FICO® Score of 670 or higher for most U.S. Bank credit cards, but its secured credit cards don't have a minimum credit score.

What credit score do you need to get an ABT credit card? ›

It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege. Fair or better credit required. You will have good approval odds if your credit score is above 650.

Does DBS Altitude card have minimum spend? ›

This means the minimum spend to earn points is S$1.67, not S$5 as some may think (if you spend in FCY, the minimum spend is the equivalent of S$1). To illustrate the point, here's how the DBS Altitude compares to the UOB PRVI Miles.

How many credit cards should you have? ›

If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.

Can you redeem U.S. Bank points for cash? ›

Cash Back rewards: You can choose a statement credit, gift card, or deposit into your U.S. Bank checking or savings account. Select the one you'd like and follow the prompts to redeem.

Which U.S. Bank credit cards are metal? ›

Yes, U.S. Bank offers two metal credit cards. The U.S. Bank metal credit cards are the U.S. Bank Altitude Reserve Visa Infinite® Card and U.S. Bank Altitude® Go Visa Signature® Card.

Does American Express do a hard pull for credit limit increase? ›

Will I get a hard pull on my credit report by requesting a credit limit increase from Amex? Generally, American Express does not do a hard pull on your credit report when you request a credit limit increase. Keep in mind, though, that this is not a rule and can always change.

What is the highest credit limit for Bank of America? ›

Highest “Bank of America” Credit Limit: $95,000

Research indicates that the Bank of America® Unlimited Cash Rewards credit card offers the highest credit limit — $95,000 — among BOA cards.

Does U.S. Bank do a hard pull for credit limit increase? ›

U.S. Bank will likely do a hard pull for a credit limit increase if the cardholder requests the increase. You can request a higher limit online or by calling (800) 285-8585, and U.S. Bank must have your permission before they conduct a hard pull on your credit report.

Is U.S. Bank altitude go Visa Signature Card worth it? ›

Our Verdict. The U.S. Bank Altitude Go Visa Signature card offers a lot of value for a credit card with no annual fee. It's especially worth considering if you frequently dine out or order in. And the card's $15 annual streaming credit can make a modest contribution to your entertainment budget.

Do metal credit cards exist? ›

Generally, credit card companies offer a metal credit card for its premium card products that charge steep annual fees. For example, for the privilege of using a swanky metal card, you might have to pay an annual fee of $95, with some cards charging up to a $550 annual fee.

Are metal Bank cards good? ›

A metal card should last for five years

That's 40% longer than a plastic one, which only lasts for three. This helps cut down on waste.

Are Bank of America points worth it? ›

Bank of America rewards points are worth up to 1 cent per point. The exact ammount depends on which BofA rewards card you have and how you redeem the points. For example, points from the Bank of America® Travel Rewards credit card are worth $0.01 each when redeemed for travel credits (1,000 points = $10).

Does U.S. Bank credit card pay for TSA PreCheck? ›

Yes, U.S. Bank does pay for TSA PreCheck with certain credit cards. Eligible U.S. Bank cardholders can get up to $100 as a statement credit toward TSA PreCheck every 4 or 5 years, depending on the card, as long as they pay for the TSA PreCheck program costs with their U.S. Bank card.

How long do U.S. Bank points last? ›

Cash back rewards will expire at the end of the calendar month 36 months after the billing cycle in which they were earned. The account must be open and in good standing to earn and redeem rewards.

Is it better to carry cash or card when traveling? ›

A credit card may be the best way to travel with money, provided you have the right one. For one thing, using a credit card instead of a debit card protects your bank balance from theft. And there are some things you can only pay for with a credit card, such as a rental car.

Where should I keep my cash when traveling? ›

Money belts and neck wallets — those flat, cloth pouches that fit under your clothes — are the traditional ways to carry money safely while you're traveling. They're meant to escape the notice of pickpockets and muggers, and some even have RFID blocking to keep your credit card and passport information safe.

How much cash can I travel with without declaring? ›

You may bring into or take out of the country, including by mail, as much money as you wish. However, if it is more than $10,000, you will need to report it to CBP. Use the online Fincen 105 currency reporting site or ask a CBP officer for the paper copy of the Currency Reporting Form (FinCen 105).

How much are U.S. Bank altitude points worth? ›

Points are worth 1.5 cents each when redeemed through the U.S. Bank online portal to buy travel, such as flight tickets and hotel stays. (Points can also be redeemed at a lower rate for cash back, gift cards, merchandise, entertainment and magazines.) This high redemption rate is a big deal.

Is the U.S. Bank a good bank to deal with? ›

The bottom line: US Bank is included in our best national banks guide as the best national bank in the Midwest and West. It's a good choice if you are searching for a variety of CDs or want 24/7 live support. But its savings and checking accounts have monthly service fees that might be difficult to waive. APY.

Does U.S. Bank give credit increases? ›

Within the "Credit Cards, Charge Cards, Personal Lines" section, select Request Credit Limit Increase. If the credit limit request link isn't displayed, call 800-285-8585. We accept relay calls. Choose the card to submit the credit limit increase for.

Is U.S. Bank a reliable bank? ›

U.S. Bank savings and money market accounts can give you a safe place to keep your savings in an FDIC-insured institution, with convenient access to your U.S. Bank checking account or other accounts.

How much is 50000 U.S. Bank points worth? ›

Earn 50,000 bonus points.

That's a $500 value redeemable toward merchandise, gift cards, cash back, 2 travel and more. And your points never expire. $0 intro annual fee for the first year, $95/year thereafter.

How much is 200000 amplify points worth? ›

On a monthly spend of $10,000, you would earn 10,000 points each month, or 120,000 points per year, equal to $526 in gift card value. Factoring in the bonus points on offer, you would earn 200,000 points in the first year, equal to $877 in gift card value.

How much is 200000 TD Points worth? ›

2. For each $1 over the first $1,200 of that Travel Purchase: • Every 200 TD Points redeemed are worth $1 in travel savings for that Travel Purchase amount that is over the first $1,200. 200 TD Points = $1 in travel savings for any TD Points over the first 300,000 TD Points that you redeem for that Travel Purchase.

Who is a better bank Chase or Bank of America? ›

On the whole, Bank of America and Chase charge similar fees for their accounts. Bank of America has a higher monthly fee for its savings account. However, most its checking accounts have much lower monthly fees. This is due to Chase's many checking accounts increasing in rewards levels, making the fees more expensive.

Is it hard to get a loan from U.S. Bank? ›

Non-bank customers must have higher credit scores to qualify: U.S. Bank members are required to have scores of 660 or above to qualify for personal loans. For non-members, the minimum score requirement is not disclosed. However, the bank states that the score requirement is higher.

What bank is better than U.S. Bank? ›

Here are the top national banks in 2022:
  • 🏆 Chase Bank: Best Bank Bonuses.
  • Discover Bank: Best Cash Back.
  • Bank of America: Best Online Banking.
  • Citi: Best for Savings.
  • PNC Bank: Best Banking Bundle.
  • Capital One: Best Customer Satisfaction.
  • TD Bank: Best Customer Service.
  • US Bank: Best for CDs.

What is the highest credit limit for U.S. Bank? ›

There isn't really a general U.S. Bank credit card limit. Limits vary from cardholder to cardholder, based primarily on their creditworthiness and income. As a guideline, if you have fair credit, expect about $2,000, good credit about $5,000 and $9,000 and more with excellent credit.

What is the highest credit limit for Bank of America? ›

Highest “Bank of America” Credit Limit: $95,000

Research indicates that the Bank of America® Unlimited Cash Rewards credit card offers the highest credit limit — $95,000 — among BOA cards.

Is it hard to get approved for a U.S. Bank credit card? ›

Is it hard to get a U.S. Bank credit card? No, it's not hard to get a U.S. Bank credit card. If you choose a U.S. Bank card that fits your credit profile, then you'll have high approval odds. Most U.S. Bank credit cards are intended for consumers with good credit, which is a FICO® Score of 670 or higher.

Is it worth having a U.S. Bank account? ›

Banking in the US has many advantages. For starters, you can avoid exorbitant bank and card fees when you're spending money in the country. Even as a non-resident, you can get deposits worth up to $250,000 insured by the Federal Deposit Insurance Corporation (FDIC). Read on to learn how to open a US bank account.

Who is the number 1 bank in America? ›

JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $2.87 trillion.

Does U.S. Bank have a monthly fee? ›

Our Standard Savings account charges a $4 monthly maintenance fee. In order to waive it, one of the requirements below needs to be met: $300 minimum daily balance*, or. $1,000 average monthly collected balance**, or.

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