US Bank Altitude® Connect Visa Signature® card review – Forbes Advisor
The American bank Altitude Connect earns at the following rates:
There is also a welcome bonus: Earn 50,000 bonus points when you spend $ 3,000 on qualifying purchases within the first 120 days of opening the account. It’s a $ 500 value redeemable for merchandise, gift cards, cash back, travel and more.
Rewards are worth a penny per point and can be redeemed through the US Bank’s Rewards Center for cash back, travel, gift cards, and merchandise. Cash back is redeemed as a statement credit or deposit made to your US savings or bank checking account from a minimum redemption of 2,500 points. Bookings for travel, Points + Cash through the US Bank Rewards Center, merchandise and gift cards start at a minimum of 1,000 points.
A unique redemption option with American Bank Rewards Cards: You can redeem points instantly via SMS with the Real-time Rewards feature at participating retailers.
Forbes Advisor uses data from various government agencies to determine both basic income and average expenses in various categories. The 70th percentile of salaried households report $ 100,172 per year and $ 52,820 in standard expenses. Assuming that 50% of these expenses were charged to this card, the total annual expenses for the card would be $ 26,410.
Of that amount, we estimate, based on the data, that the average American household spends about $ 3,185 on travel and $ 2,687 on gas per year, which is 23,488 points. Our sample household also spends $ 10,093 on restaurants, including take-out and delivery, and groceries, which represents an additional 20,186 points; $ 443 on streaming services which would net 886 points. The remaining expense of $ 10,002 will earn one point per dollar for every additional 10,002 points. In total, a total of 54,562 points, worth $ 545, plus the first year welcome bonus can be earned on the card.