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Exciting new premium card: US Bank Altitude Reserve

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happypill
Valued Contributor

Re: Exciting new premium card: US Bank Altitude Reserve

I am very intrigued by this card.  I was planning to app for the Citi Prestige later this year but I might do this one instead (or both).  For me, I guess it depends what they mean by existing customer.  I recently got the Business Edge Cash WEMC for $25k (may more than expected) after they sent a pre-approval so I'm hoping that counts.  I don't think I'd be interested in maintaining a checking account with them for a card though.

 

I do think the features are awesome and I'd definitely get a lot of value from it until (given their history) they nerf it.

Message 31 of 55
Anonymous
Not applicable

Re: Exciting new premium card: US Bank Altitude Reserve


@yfan wrote:
At first glance, this card looks really attractive. The real barrier, imo, is the fact that you have to be an existing US Bank customer to even apply, however. To do this without paying a fee, the requirement at minimum is to either tie up $1500 or put a $1000 direct deposit every month. Featurewise, the bank accounts are lackluster at USB, and fees when they have to be paid are higher.

I'm not willing to tie up money in a bank account just to get a credit card, no matter how good it looks.

US Bank Checking Accounts are many and the option/fees are not much different than Bank of America, Chase and Citi. The Gold Checking Account is fee less for many things if you have a credit product.

Message 32 of 55
Anonymous
Not applicable

Re: Exciting new premium card: US Bank Altitude Reserve

https://travelafterwork.com/en/2017/04/18/details-u-s-bank-altitude-reserve-visa-infinite-card/

http://www.doctorofcredit.com/confirmed-details-regarding-u-s-banks-altitude-premium-visa-infinite-c...

Full details! So excited. Going to app as soon as I clear up utilization for this upcoming reporting month. Just got an auto CLI on my Cash+ as well, so I hope that means US Bank likes me Smiley Happy

Message 33 of 55
14Fiesta
Established Contributor

Re: Exciting new premium card: US Bank Altitude Reserve


@yfan wrote:
At first glance, this card looks really attractive. The real barrier, imo, is the fact that you have to be an existing US Bank customer to even apply, however. To do this without paying a fee, the requirement at minimum is to either tie up $1500 or put a $1000 direct deposit every month. Featurewise, the bank accounts are lackluster at USB, and fees when they have to be paid are higher.

I'm not willing to tie up money in a bank account just to get a credit card, no matter how good it looks.

I will note your relationship doesn't have to be a deposit account, if you have any of their credit cards already you are considered having a relationship with the bank. 

 

 






EX FICO (AMEX): 728 (4/29/17) | TU FICO (Discover): 737 (4/7/17) | EQ FICO (Citi): 746 (3/28/17)
Message 34 of 55
longtimelurker
Epic Contributor

Re: Exciting new premium card: US Bank Altitude Reserve


@Anonymous wrote:

@yfan wrote:
At first glance, this card looks really attractive. The real barrier, imo, is the fact that you have to be an existing US Bank customer to even apply, however. To do this without paying a fee, the requirement at minimum is to either tie up $1500 or put a $1000 direct deposit every month. Featurewise, the bank accounts are lackluster at USB, and fees when they have to be paid are higher.

I'm not willing to tie up money in a bank account just to get a credit card, no matter how good it looks.

US Bank Checking Accounts are many and the option/fees are not much different than Bank of America, Chase and Citi. The Gold Checking Account is fee less for many things if you have a credit product.


Right, but none of those are good bank accounts either.   I believe yfan uses  CCU which gives 4.5+% interest with a $1000 a month spend on their cc.

Message 35 of 55
Schwartzinator
Frequent Contributor

Re: Exciting new premium card: US Bank Altitude Reserve

And here I was contemplating closing my Cash+ today. If I am able to do a product change to this card, I may have found an answer to my CSR problem.


Message 36 of 55
Anonymous
Not applicable

Re: Exciting new premium card: US Bank Altitude Reserve


@Schwartzinator wrote:

And here I was contemplating closing my Cash+ today. If I am able to do a product change to this card, I may have found an answer to my CSR problem.


PC not available. Maybe in the future but they want new apps at launch

Message 37 of 55
Anonymous
Not applicable

Re: Exciting new premium card: US Bank Altitude Reserve

@yfan.... the silver and gold package accounts don't require that minimum. Good is free for both and no mins.... and the silver I believe the Package Money Market is free and no mins and the Checking might be $5 or something if you don't have DD. Get the gold package-free and no mins if you have a pending product-including a CC. I opened my Cash + and then the gold package and have not been charged a fee yet. Granted I love this bank and have a ton of accounts with them but you don't need to if all you are looking for is a free Checking and free savings
Message 38 of 55
morgacj2004
Valued Contributor

Re: Exciting new premium card: US Bank Altitude Reserve

Just curious does anyone know what US Bank policy is on BK still reporting. ? I read somewhere 5 yrs post discharge? Other posters have said no go until BK drops off

AX Hilton Aspire 20k, AX Bonvoy Brilliant 15k, AX BCP 2k, AX Blue Bus Cash 15k, AX Delta Air Platinum 49k, (AU) AX Delta Gold 15k, AX Amazon Prime Bus 25k, BC Uber 29k, AKUSA FCU -10k , CITI AAdvantage Exec World Elite MC 16.5k, Discover (2) 16k, Kohls-4k, VS Comenity $3k, BofA AK Air Siggy 9.8k, WF Propel AX 5k, JCP $10k PFCU Plat Rewards Siggy 39.5k, PFCU Power Cash Rewards AX 10.5k, NFCU Flagship 50k, CLOC 15k, CITI Costco 9.5k, GAP VISA Synchrony $9k,Target MC 9k, Ulta MC Comenity 9k, Pay Pal 1k, CO Venture One 23k, US Bank Radisson Rewards Signature 10k, US Bank Fred Meyers World MC, 11k, US Bank Plat VISA 15.7k, VS Comenity 2k, 240k total available credit. Utiliz-2%, Current FICO EQ-724, EX 763,TU 802 ,Chapt 7 BK D/C 11-2012. Starting scores 520-550
Message 39 of 55
sjt
Senior Contributor

Re: Exciting new premium card: US Bank Altitude Reserve


@morgacj2004 wrote:
Just curious does anyone know what US Bank policy is on BK still reporting. ? I read somewhere 5 yrs post discharge? Other posters have said no go until BK drops off

4 years post BK and they want low utilization.

 

American Express: Platinum Charge, Optima, Business Gold, Delta Business Reserve, Business Cash, Business Plus
Barclays: Arrival+ WEMC
Capital One: Savor WEMC, Venture X Visa Infinite
Chase: Freedom U Visa Signature, CSR Visa Infinite
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity Visa Signature
Credit Union: Cash Back Visa Signature
FICO 08: Score decrease between 26-41 points after auto payoff (11.01.21) FICO as of 5.23, EX: 812 / EQ: 825 / TU: 815
Message 40 of 55
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