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U.S. Bank Altitude Reserve Card Premium Travel Card
Last week rumors began circulating that U.S. Bank will be launching a premium credit card that is meant to compete with the American Express Platinum, Chase Sapphire Reserve and Citi Prestige. Now according to a source of Wallaby Financial, we have some new (rumored) details of the exciting U.S. Bank Altitude Reserve card. And this card sounds pretty pretty pretty good.
U.S. Bank Altitude Reserve Card Bonus Offer
The new card will be available only to current U.S. Bank customers at the beginning. It will come with the following bonus offer:
- Earn 50,000 points after $4,500 in spend during the first 90 days. $400 annual fee.
U.S. Bank Altitude Reserve Card Earnings
The card will reportedly earn points in the following ways:
- 3X points on travel
- 3X points on all mobile wallet purchases
- 1X on everything else
U.S. Bank Altitude Reserve Card Features/Benefits
As you can see above, the card has a hefty annual fee, but it delivers on benefits. Here is what you can expect:
- A metallic card
- Points are worth 1.5 cents each when you redeem for travel through the US Bank portal.
- 12 free Gogo passes per year
- No foreign transaction fees
- Global Entry fee credit
- Visa Infinite Benefits (No mention of the companion air benefit)
U.S. Bank Altitude Reserve Card Travel Credit
While the benefits above sound good, this card will also reportedly have a $325 annual travel credit. Wallaby says this travel credit will apply automatically similar to how it works with the Sapphire Reserve. There is no mention if this credit applies to anything in the travel category or will have restrictions.
If this card does indeed come with a $325 travel credit, a bonus worth $750 in travel spend and 3X earnings on all mobile wallet purchases, it will be a HUGE winner. Since it is supposed to launch on May 1, 2017, hopefully we will see some official confirmation from U.S. Bank soon!
What do you think? Will you apply for this card when it comes out?
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.