US Bank to Launch Two New Altitude Cards

New Altitude Cards

US Bank to Launch Two New Altitude Cards

US Bank entered the premium card market back in 2017 with its Altitude Reserve card. And just this month the card added two new 5X bonus categories. Now Doctor of Credit has revealed that US Bank is planning to expand the Altitude family of credit cards with two new products. The two new cards will be Altitude Go and Altitude Connect. The first will be a no annual fee card, and the latter will have an annual fee of $95. The Altitude Reserve card has a $400 annual fee. So these two new products would bring US Bank in line with other issuers such as Chase and American Express. We do not know yet what kind of welcome bonuses will be offered for the new cards.

Altitude Go

  • Earn
    • 4x on Dining and Takeout
    • 2x on Grocery, Gas Stations, and Streaming Services
    • 1x on all other purchases
  • $15 Free month of streaming for annual streaming services (not very clear)
  • 0% intro APR for 12 months on purchases and balances transfers
  • No annual fee

Altitude Connect

  • Card earns the following rates:
    • 5x on prepaid hotel and car rentals when booked with the Altitude Rewards Center
    • 4x on Travel and at Gas Stations
    • 2x on Dining, Takeout, Groceries, and Streaming Services
    • 1x on all other purchases
  • $30 Free month of streaming for annual streaming services. (again not very clear)
  • $95 annual fee, waived the first year

Guru’s Wrap-up

It is interesting to see if US Bank will introduce any limitations on the number of Altitude cards you can have or bonuses you can receive from this family of cards. We also need to see if the cards will have worthy signup bonuses, or if they will just be downgrade options for the Altitude Reserve card for now.

The two new products have some great earning categories. There is 4x on dining for the no fee card and 5x on prepaid hotel and car rentals and 4x on travel and gas stations for the Altitude Connect card. It will be also interesting to see what value you will be able to get from the points that you will earn on the two new cards. Earning FlexPerks points worth 1.5c as the Altitude Reserve sounds way too good to be true. I would guess that you can only redeem at 1c per point with these card and maybe there’s a setup similar to Chase where you can redeem for 1.5c if you have the Altitude Reserve card.

Again we do not know much else about these cards, besides what is listed above, so the rest is speculation for now. Let me know what you think or expect from these new Altitude cards.

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2 thoughts on “US Bank to Launch Two New Altitude Cards

  1. Any update if these cards are going to happen or has US Bank put things on hold because of Covid-19?

    • Haven’t seen anything new about since I posted this. But yeah, I would think that US Bank has postponed the release.

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