U.S. Bank will be launching a premium credit card to compete with the American Express Platinum, Chase Sapphire Reserve and Citi Prestige. Looking over the details of this new card we are impressed with the 3x rewards on travel and 3x points on mobile wallet. The new U.S. Bank card will be available only to current banking customers at first and will offer a competitive bonus offer. We hope to see a public launch soon.
U.S. Bank Altitude Reserve Card Bonus Offer:
Earn 50,000 points after $4,500 in spend during the first 90 days. $400 annual fee.
- 3X points on travel
- 3X points on all mobile wallet purchases
- 1X on everything else
- U.S. Bank Altitude Reserve Card Features/Benefits
Just like all of the other Visa Infinite Benefit cards it will be a luxurious metallic card. Metallic is definitely the new “black card“.
Points are worth 1.5 cents each when you redeem for travel through the US Bank portal. You get 12 free Gogo passes per year and pay No foreign transaction fees with the Global Entry fee credit waived.
The steep annual fee of $400 can be made up for with a yearly $325 travel credit. This could be a bonus worth $750 in travel spend and 3X earnings on all mobile wallet purchases.
