Published on April 6th, 2017 | by Chuck48
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.
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.
- 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.
- $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
No verdict, we’ll have to wait and see on this one. Let us know if you have any more information.