Update 8/1/25: This is now confirmed at this link and in an email sent out today: 1) redemptions against travel is down to 1 cent-per-point; 2) $325 travel credit only works on Travel Center bookings, not on all Travel and Dining as before; 3) mobile wallet purchases only earn 3x on up to $5,000 each billing cycle. Changes effective on December 15, 2025.
Original Post 7/28/25:
There is an official looking image circulating showing negative changes to U.S. Bank Altitude Reserve.
- Card will earn 10x points on hotel and car rentals and 5x points on flights booked using the U.S. Bank travel center
- Ability to transfer points to other loyalty programs
- 5% discount on gift card redemptions
- Card will earn 3x on mobile wallet purchases on the first $5,000 each billing cycle, then 1x
- Points will be worth 1¢ when redeeming against travel (currently 1.5¢)
- $325 annual credit can only be used for travel through the travel center (previously available on all travel and dining purchases)
Our Verdict
Not surprised that this is being nerfed, but still disappointing. The addition of the travel transfers could make up for the fact that points will only be worth 1¢ but that depends on the travel partners.
