Sorry, I was on vacation for two weeks and didn’t find time to post this right away. In any case, this new card has been discussed widely on other blogs, so hopefully you’ve heard about it already.
Direct Link (must be recognized as an existing U.S. Bank customer by their system to apply, which can take up to 35 days after opening an account with them)
U.S. Bank has launched a new credit card called the Altitude Reserve Visa Infinite Card. Its signup bonus is 50,000 points (worth $750 in travel) after $4,500 spend in 90 days.
Major features include:
- $400 annual fee
- $325 in travel credits every cardmember year
- 3x points on mobile wallet purchases (Apple Pay, Android Pay, Samsung Pay, Microsoft Wallet)
- 3x points on travel purchases (airlines, hotels, car rentals, taxis, limousines, passenger trains, cruise lines)
- Points worth 1.5 cents each toward airfare, hotels, car rentals when booked through U.S. Bank’s Rewards Center
- Primary auto rental collision damage waiver
- $100 fee credit for Global Entry or TSA Pre✓
- No foreign transaction fees
The travel credits make the annual fee on this card effectively $75. Whether this card is worth keeping long-term will depend on how much value you can get from the bonus categories, particularly the 3x points on mobile wallet payments, which is unique.
There are some other benefits, such as a Priority Pass membership, Gogo Inflight Wi-Fi passes, etc., but I don’t value those much because you can get similar or better from other credit cards.
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