US Bank to Launch New Altitude Cards
US Bank recently added new bonus categories to the Altitude Reserve card. It also devalued FlexPerks Rewards for other cards, down to a value of 1 cent each. This seems to be all be part of a big revamp of the program. Now there is news of two new credit card products due to launch this month.
Doctor of Credit has the details of the new cards that will be added to the Altitude family. The new cards will be called Altitude Go and Altitude Connect. The first will be a no annual fee card, and the other will have an annual fee of $95. The Altitude Reserve card has a $400 annual fee. 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
Conclusion
It will be interesting to see what bonuses will be offered by the new US Bank Altitude cards, and if there will be any limitations. And also we need to see the value that rewards will have.
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. Earning FlexPerks points worth 1.5c as the Altitude Reserve sounds way too good to be true. So my guess is that you will get only 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 as well.
Let us know what you think about these new products.
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