US Bank Altitude Reserve Credit Card (2017.5 Updated: Application Available! 50k Offer!)

US Bank Altitude Reserve Credit Card Review

Application Link:

  • US Bank Altitude Reserve (only for U.S. Bank customers who have an eligible consumer U.S. Bank account relationship open a minimum of 35 days prior to submitting an application, otherwise please visit a branch to apply)

Features:

  1. Earn 50,000 bonus points after spending $4,500 in first 3 months!
  2. Point worth a fixed 1.5 cents/point when redeemed for travel. So the 50k sign-up bonus worth $750.
  3. $325 annual travel credit per cardmember year that can be used for purchases made directly from airlines, hotels, car rental companies, taxis, limousines, passenger trains and cruise lines. Note that unlike other premium credit cards, the travel credit is calculated per cardmember year, so you can only get travel credit ONCE during the first year.
  4. Minimal credit limit is $5,000 (compared to $10,000 for typical Visa Infinite Card)
  5. Earn 3X points for every $1 on eligible travel purchases.
  6. Earn 3X points for every $1 on mobile wallet spending, including Apple Pay/Android Pay/Samsung Pay, etc.
  7. Earn 1X points for every $1 on other purchases.
  8. Points can be transferred from (but NOT to) Flexpoints.
  9. 4 free visits to Priority Pass Select (PPS) lounge per Priority Pass Select membership year (not Cardmember year).
  10. This is a Visa Infinite card, and it has most of the Visa Infinite benefits (but not including Visa Infinite Discount Air).
    • Visa Infinite Hotel Collection
    • Visa Infinite Hotel Privileges
    • Visa Infinite Car Rental Privileges
  11. 12 complimentary Gogo inflight Wi-Fi sessions per calendar year.
  12. Up to $100 credit for Global Entry or TSA Pre application fee.
  13. 6 hour trip delay insurance.
  14. It’s made of metal, so it’s quite heavy and the feel of this card is cool.
  15. No Foreign Transaction Fee.

Disadvantages:

  1. Free PPS lounge visits are limited to 4 times per year.
  2. Annual fee $400, NOT waived first year. $75 annual fee for each authorized user. Note that the annual fee does not count towards the minimum spending requirement (and this is true for all credit cards)!

Summary:

This card is featured to have 3x (~4.5%) rewards on mobile wallet spending, which is especially useful for people using Samsung Pay. The effective annual fee is only $75 which is pretty impressive, but the downside is that the travel is reset per cardmember year not calendar year. From the past experience, US Bank is likely to cut some of the above benefits in the future, so please take the chance if you would like to enjoy them.

A lot of data points show that US Bank may shut down all your accounts if they think you purchased too many GC, and we are not clear how they define “too many”. So it’s better to avoid GC, and especially don’t purchase large amount of GC to earn 3x on mobile purchases.

Related Credit Cards:

Recommended Application Time:

  1. We recommend you apply for this card after you have a credit history of at least two years and you are sure you know well about the credit card game.
  2. Online application is only for U.S. Bank customers who have an eligible consumer U.S. Bank account relationship open a minimum of 35 days prior to submitting an application, otherwise please visit a branch to apply.

Historical Offers Chart:

Application Link:

  • US Bank Altitude Reserve (only for U.S. Bank customers who have an eligible consumer U.S. Bank account relationship open a minimum of 35 days prior to submitting an application, otherwise please visit a branch to apply)

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