US Bank Altitude Reserve added a new rewards category: 5x on prepaid hotels and car rentals booked directly in the Altitude Rewards Center.
- 5x on prepaid hotel and car rentals booked in the Altitude Rewards Center
- 3x mobile wallet
- 3x travel purchases
- 1x everywhere else
Altitude points are worth 1.5 cents each with real-time rewards, so this option essentially gives you 7.5% back on all prepaid hotel & car rental bookings. Assuming the Altitude Rewards Center works well it could make sense, but you could be losing out by using this platform versus others platforms which have shopping portals, gift cards, etc.
Fine Print:
You will earn four (4) additional bonus Points for every $1 in eligible Net Purchases spent on prepaid car and hotel reservations purchased in the online Altitude Rewards Center using your U.S. Bank Altitude Reserve Card. Prepaid car and hotel reservations in the Rewards Center are not classified as a travel category merchant transaction and are not eligible to receive the additional points for that category. Please allow 1-2 statement billing cycles for your bonus Points to appear on your credit card statement. Refer to the Rewards Center for full details.
The new benefit is showing on the US Bank Altitude Reserve landing page. We’ll update our review on the US Bank Altitude Reserve card.
The same 5x prepaid hotel + car category has been added to the lesser-known US Bank Business Leverage card according to the information we’ve received, though I don’t see it showing yet on the landing page there.Â
Hat tip to reader Matthew and TJ
