(EXPIRED) US Bank Offering Increased Bonuses on Altitude Connect and Business Leverage

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US Bank is offering increased bonuses on both the Altitude Connect and Business Leverage  cards based on Team USA’s medal count at the Winter Olympics.  The Altitude Connect is offering 50,000 points after $2,000 spend (which had been the normal bonus) with an additional 5,000 points if Team USA get 0-35 medals and 10,000 points for 36+ medals.  The Business Leverage is offering $750 after $7,500 spend with an additonal $75 for 0-35 medals and $150 for 36+.

New welcome offer for US Bank Business Leverage

 

The Offers and Key Card Details

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)

Card Offer and Details
U.S. Bank Business Leverage® Visa Signature® Card
75K points
75K after $7500 spend in first 4 months

No Annual Fee First Year, Then $95

Recent better offer: None

FM Mini Review: Since the points are worth 1c each, this card isn't terribly rewarding for ongoing spend. Note that points can not be combined with the Altitude Reserve.


Card Type: Visa Signature Business

Base
1%
Other
2%

Earning rate: 2x on top two categories where you spend the most each month.

Noteworthy perks: Earn 2x in the two categories in which you spend the most each month. Full list of categories can be found here.

Quick Thoughts

As a big Winter Olympics fan, I think it’s fun that US Bank is tying a card bonus into the festivities.  That said, Team USA has only eclipsed 35 medals once in history (2010), so it’s most likely a 5,000 point bonus for the Connect and a $75 bonus for the Business Leverage.  You didn’t think that 35 medal number came out of thin air, did you?

I’ve never found either of these cards to be terribly compelling, especially in comparison to the Altitude Reserve.  The additional bonuses are a nice sweetener, though, and you can wait until the Olympics are over before applying if you like (in case TUSA really knocks it out of the park this year).

(h/t: DOC)

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Lantean

For Altitude Connect…. why is first year value estimate $510 if you earn $590 just for meeting min spend?

Also, $590 return on $2k spend is pretty sweet.