The U.S. Bank Altitude Reserve Visa Infinite Card is extending cardholders’ option to use their $325 annual travel credit for dining purchases through June 2021. The bank is also upping the points value of dining purchases to 3X points on eligible transactions.
U.S. Bank Offering 3X Points on Dining for Altitude Reserve Cardholders
The U.S. Bank Altitude Reserve is an ultra-premium travel credit card with a lofty annual fee of $400. For that impressive yearly charge, cardholders get some equally remarkable perks, including:
- 5X points per $1 on prepaid hotel and car rental bookings through the Altitude Rewards portal
- 3X points per $1 on eligible travel
- Priority Pass Select membership
- TSA PreCheck® or Global Entry statement credits
- $325 annual statement credit for travel incidentals
Now, U.S. Bank is increasing the Altitude Reserve’s value to better suit cardholders during the holiday season. Cardholders can now earn 3X points per dollar on eligible dining purchases, including takeout, delivery, and in-restaurant dining. This bonus dining category runs through the end of the year – 12/21/2020.
$325 Travel Credit Applies towards Dining Purchases
U.S. Bank is also extending a previous offer that allows cardholders to use their travel incidentals statement credit for dining. Cardholders can now use their $325 statement credit towards dining purchases through June 30, 2021.
This travel credit offer was first introduced in the summer to provide value for cardholders grounded because of the coronavirus pandemic. Since the COVID-19 breakout continues to roll on through the holiday season, the bank is extending this offer through the middle of next year.
Coronavirus Impacting Premium Travel Credit Cards
The changes U.S. Bank is making with its Altitude Reserve Visa Infinite aren’t unique. Many other card issuers, including American Express, Chase, and Citi, are allowing premium travel cardholders to use travel credits towards dining and groceries purchases. The ongoing coronavirus pandemic is seeing consumers consider whether the steep annual fees for cards like the Altitude Reserve, Sapphire Reserve, or Platinum Card make them worth retaining – leading banks to make adjustments to add value to their rewards schemes.
Related Article: American Express Extending Lifestyle Benefits Post COVID-19