U.S. Bank Altitude Reserve Closed to New Applications
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U.S. Bank has closed applications for the U.S. Bank Altitude™ Reserve Visa Infinite® Card, its most premium travel card, a U.S. Bank spokesman confirmed. The card is no longer available on the bank's website.
Existing Altitude Reserve cardholders will not be moved to another U.S. Bank credit card and will still be able to use their Reserve card. Nothing is changing in terms of the card's perks or benefits, including its ongoing rewards:
5 points per $1 spent on prepaid hotels and car rentals booked directly in the Altitude Rewards Center.
3 points per $1 spent on eligible travel and mobile wallet spending.
1 point per $1 spent on everything else.
The U.S. Bank Altitude™ Reserve Visa Infinite® Card debuted in 2017 and was the bank's answer to luxury travel cards like the Chase Sapphire Reserve® and The Platinum Card® from American Express. Like those products, the Altitude Reserve has a pricey annual fee ($400 in this case), but also features a bevy of valuable perks to significantly offset that cost, including an annual $325 travel credit.
Now that the Altitude Reserve is no longer available to new customers, the primary true travel credit card left in U.S. Bank’s portfolio is the U.S. Bank Altitude® Connect Visa Signature® Card, which recently experienced some significant changes, too. Among them: Its annual fee went from $95 to $0, but point redemption values decreased for certain options, and the cell phone insurance benefit went away.
As the Altitude Reserve leaves the market, U.S. Bank is launching a new credit card, the U.S. Bank Smartly™ Visa Signature® Card. For a $0 annual fee, the card can earn up to 4% cash back on every purchase — but you’ll have to maintain a certain balance in various U.S. Bank accounts.
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