How US Bank Gives the Arrival Premier a Run For Their Money… to the Bottom!!!
When the new Barclays Arrival Premier World Elite Mastercard came out, I doubt many people were jumping out of joy. It was a big time flop, and Mark wrote that you would never see this card in his wallet. But can you really do worse than a $150 annual fee card with lackluster benefits? Yes… charge $450 instead.
U.S. Bank SKYPASS Select Visa Signature Card
US Bank has released a new credit card, called the SKYPASS Select Visa Signature card. The new premium card comes with a $450 annual fee and benefits that we see on almost any card, even ones with a much more affordable annual fee. The bonus is only 30,000 miles which doesn’t even cover the annual fee. That’s an easy rule of thumb for deciding a card’s worthiness for many people.
Here’s a quick look at what you get for $450:
|Bonus Miles after you spend $3,000 in eligible net purchases in 90 days||30,000|
|Annual statement credit on travel purchases||Up to $200|
|TSA Pre✓® or Global Entry application fee statement credit||✓|
|Bonus Miles at Renewal||10,000|
|Miles per dollar spend on Korean Air ticket net purchases||2 miles per $1|
|Miles per dollar spend on other Airline ticket, Car Rental & Hotel net purchases||2 miles per $1|
|Miles per dollar spend on all other eligible net purchases||1 miles per $1|
|Discount coupon for $100 off Korean Air ticket||✓|
|2 Korean Air In-Flight Duty Free coupons of $25 each||✓|
|2 KAL Lounge coupons each year||✓|
|No foreign transaction fees||✓|
I’m not sure what US Bank is thinking here. I doubt any readers will be shelling out $450 for this card. Many cards already offer free Global Entry, so that’s not much of a draw. 10,000 bonus miles at renewal are also not enough to make you pay again. The only useful perk that I see is the $200 annual statement credit on travel purchases.
Is anyone thinking of applying?
HT: Doctor of Credit