US Bank Altitude Connect Bonus, 50K Points with $2K Spend

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U.S. Bank Altitude Connect Visa Signature Card Bonus

U.S. Bank has finally launched the previously announced Altitude Connect card. This is a card that has some good earning rates and comes with a $95 annual fee. But as part of the welcome offer, the fee is waived for the first year, and you can also earn 50,000 points.

Update: The spending requirement is now lower while the US Bank Altitude Connect bonus remains the same. You only need to spend $2,000 instead of $3,000.

Offer

Earn 50,000 bonus points after you spend $2,000 in the first 120 days. That’s a $500 value redeemable towards merchandise, gift cards, cash back, travel and more. And your points never expire.
Annual Fee: $95 (waived first year)
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Card Details

4X points on travel and at gas stations.
2X points at grocery stores, grocery delivery, dining and streaming services.
1X point on all other eligible purchases.
$30 credit for annual streaming service purchases such as Netflix and Spotify
TSA PreCheck or Global Entry – Up to $100 in statement credits for application fee once every four years.
No foreign transaction fees
Cell phone protection, up to $600 reimbursement when you pay your monthly cell phone bill with your card.
Visa Signature benefits
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Guru’s Wrap-up

This is a good card at least for the first year. The annual fee is waived and the US Bank Altitude Connect bonus is worth $500. You also get TSA PreCheck or Global Entry without having to pay anything for them. Going forward, the highlight of the card is the 4X earning on travel and gas stations. There are other cards out there with better earning rates, but 4% back is still a good return. I don’t think it’s worth it for a $95 annual fee though.

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