U.S. Bank Rumored to be Entering the Premium Card Market with Altitude Reserve Card [Coming May]

There’s a somewhat substantiated rumor on Flyertalk that US Bank will release a new premium card in May called the Altitude Reserve Card. And, yes, the card will be metal. 😉

Before we dive into the details, let’s give a little proof to this from a trademark filing from US Bank from January 2017 for the card name US BANK ALTITUDE which was approved in March. (HT: d3vi0uz on Flyertalk).

Other than that, we just have Flyertalk member lebowski2222’s word who saw the memo from a US Bank employee. The memo seems to have been sent out on April 4th, and employee training will begin on the 18th for a May release of the card.

Screen Shot 2017-04-06 at 2.59.39 PM

Signup Bonus 

The signup bonus will be 50,000 Points when you spend $4,500 in the first 90 days.

Unclear how the points will work, but Flyertalk reports that the 50k will be worth $750, perhaps toward travel (?). Time will tell.

We don’t know what the annual fee will be which is obviously an important question. Given the $325 travel credit (see below), it’ll likely come with a hefty fee in the $400-$600 range.

Points Earnings

  • Triple Points on travel purchases

Sounds like everything will earn 1x, which will apparently be worth 1.5% somehow, and travel will be 3x which should be worth 4.5% somehow.

Card Benefits

  • $325 Annual Travel Credit

We’ll have to see what works for the travel credit, and whether it goes with the cardmember year or the calendar year.

  • 12 free gogo wifi passes
  • Airport Lounge Access
  • TSA Pre-check
  • Black car and car rental service (?)
  • Visa Infinite Concierge service and more
  • Custom Engraved Metal Card

Our Verdict

No verdict, we’ll have to wait and see on this one. Let us know if you have any more information.

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