There has been a new premium card that has been talked about for a little while now. This morning, Frequent Miler gave the official scoop on all the details of this new premium card. Positioned to be a competitor of the Chase Sapphire Reserve, American Express Platinum, and Citi Prestige, the US Bank Altitude card ticks a lot of boxes for those of us who like to get great value.
The New Premium US Bank Altitude Card
Here are the big details about the new US Bank Altitude card:
- Sign-up Bonus: 50,000 points after spending $4,500 in 90 days
- Annual Fee: $400
- Travel Credit: $325 in annual travel credits
- Point Value: Points can be redeemed at 1.5 cents per point for hotel, airline, and car through the US Bank rewards portal
- 3X Bonus Earning: Earn 3X points on travel purchases and mobile payment purchases wherever mobile payments can be used (that means Apple Pay, Samsung Pay, Android Pay, and Microsoft Wallet).
- Available When? It will be available to apply for online and in-branch starting May 1
- Who Can Apply? You must be a US Bank customer to be able to apply
This card looks to be a great card for purchasing travel. With the points worth 1.5 cents per point for travel, it puts itself more in line with the Chase Sapphire Reserve but without the worry of whether to transfer the points (the points earned on this card do not transfer to travel partners). With so many great airline deals, this could definitely be the preferred card of many for paying for that travel.
The Great 3X Bonus Categories
The thing that I think most people are excited about is the 3X bonus earning on mobile payment purchases. With mobile payments being a more common way to pay for things these days, you could theoretically earn 3x points on most of your spending. This means earning a 4.5% bonus for travel on all of your mobile payment spending. Pretty great!
How long will that last like that? I assume it will be hit pretty hard but US Bank is known to be pretty tough on applicants so there may not be as many approvals as we saw with the other premium cards.
Want More Information?
Frequent Miler uploaded a great guide to everything you need to know about the new US Bank Altitude card. Check it out for answers to any questions you may have!