It’s a bad news Monday all around.
There have been rumors going around the interwebs for a couple of weeks that US Bank (USB) was going to be discontinuing one of our favorite personal credit cards, the Altitude Reserve, sometime during the first part of November.
It looks like doomsday may have arrived. As of today, USB is no longer accepting new applications for the card.
Update: Reader John reports that he was able to product change from Altitude Go to the Altitude Reserve as of mid-day on the 11/11. Hopefully that path stays open.
Card Details
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Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. |
Quick Thoughts
The Altitude Reserve has been one of our favorite consumer cards over the last few years because it earns 3x on mobile wallet spend and those points can then be used to cover select travel purchases at a value of 1.5c per point. Because of that, it’s fairly easy to turn it into a card that earns 4.5% cash back everywhere mobile wallet is accepted…which can be especially handy at warehouse clubs such as Costco, Sam’s Club, or BJ’s Wholesale.
All of that may have come to an end, however.
To be clear, as far as we know, US Bank has not officially announced that the card is being discontinued and it’s possible that applications may be reopened at some point down the line. That said, rumors have been floating around for awhile that the card was on its way out and that seemed to corroborated in recent days by front-line reps.
If the card is indeed being discontinued, we don’t have any clarity on what will happen with current cardholders. It’s possible that US Bank might let those folks continue to ride into the sunset with their 3% return on mobile wallet spending without forcing a product change….and we certainly hope that’s the case.
Regardless, we’ll pour one out for our good buddy the Altitude Reserve. You were one of a kind and we’ll miss you.
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