US Bank Altitude Connect: Nice bonus, decent return on gas stations

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The US Bank Altitude Connect card recently launched and I just realized that we hadn’t published a post about the card. It features a nice intro bonus of 50,000 points (worth $500) after $3,000 in purchases in the first 120 days and the annual fee is waived in the first year. This isn’t the most rewarding card on the market by any measure, but it’s got a respectable effective 4% back at gas stations and a streaming credit that helps to offset the fee, so this might be worth picking up for some.

The Offer & Key Card Details

For more information on this card, see our dedicated card page by clicking the card name or info below.

Card Offer and Details
U.S. BANK ALTITUDE® CONNECT VISA SIGNATURE® CARD
50K points
50K after $2K spend in 120 days

No Annual Fee First Year, Then $95

FM Mini Review: This card offers decent return on gas station and travel spend and it features no foreign transaction fees. However, return on most other spend is relatively weak.


Card Type: Visa

Base
Travel
Dine
Gas
Grocery
Other

Earning rate: 4X travel and gas stations ⚬ 2x take out, food delivery (including apps like GrubHub, UberEATS, etc), dining, grocery (including meal kit delivery) and streaming services

Noteworthy perks: $30 credit for annual streaming services ( after 11 months of consecutive streaming service charges, the 12th month will get the $30 credit) ⚬ Mobile phone insurance when you pay your bill in full with the card ($25 deductible, up to $600 in coverage)

Quick Thoughts

A $500 bonus is nothing to sneeze at and will certainly make this card worthwhile for some. On the other hand, I’d gladly take the US Bank Altitude Reserve over this card and given US Bank’s often tougher approvals, I probably wouldn’t prioritize this over that.

I feel like this card comes up a bit short in US Bank’s lineup. While an effective 4% back at gas stations is decent, I’m not sure that it’s worth paying $95 per year for a card that only has that strength. I suppose the streaming credit is easy enough for many people to trigger, so if you consider the net cost to be $65 maybe that makes it more worthwhile depending on your gas station spend. I’m not sure how tolerant US Bank will be of big gas station spenders; while I’ve been able to spend big on my Radisson card over the years, there were initial reports of shut downs on the Altitude Reserve for heavy spenders. Not sure where things will shake out with this card.

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tjp74

can I combine or transfer points to Altitude reserve and redeem them at 1.5c/p?

Frank

I have the same question!

Greg The Frequent Miler

Unfortunately no.

Brutus

Why don’t you consider 4% back on all travel a strength? I can’t think of a cash back card with a higher return on general travel.