When Paying the Altitude Reserve Annual Fee with Points Makes Sense
The Altitude Reserve card was launched by US Bank back in 2017. It was US Banks entry into the premier card market. The main feature of the card is earning 3X Flexperks on mobile payments. That is a return of 4.5% since Flexperks points are worth 1.5 cents each when used on travel. The card also has a $325 annual travel credit, a bonus of 50,000 points and much more. All that will cost you a $400 annual fee. You can pay for the annual fee with points, but should you? I will show you when paying the Altitude Reserve annual fee with points makes sense.
Using Points to Pay Annual Fee
As I mentioned above, the Altitude Reserve card has an annual fee of $400. You can choose to pay the annual fee with points. It will cost you 35,000 points. That’s a value of about 1.14 cents for the points. Not the best use since you can get 1.5 cpp on travel.
But this way of redeeming points could make sense for those who have additional users on their account. There’s an annual fee of $75 for each additional user. But, if you use points to pay for the primary cardholder’s annual fee, then that covers all additional users as well.
So if you have one AU, you’re now getting a value of 1.25 cpp. With two AUs, you get 1.57 cpp, and so on. So the more authorized users you have in your account the better it gets when redeeming points for the annual fee.
This is not a trick that will be useful for everyone. Authorized users on the Altitude Reserve card don’t really get many extra benefits besides the Auto Rental Collision Damage Waiver. But being able to add extra users and not paying anything extra could be a nice boost. The card does earn 3X Flexperks on mobile payments and more cards can mean more spending and more points.
HT: Reader Jim