Advertiser Disclosure

U.S. Bank Business Altitude™ Connect World Elite Mastercard®

Cory Santos

| Last updated on January 16th, 2024

U.S. Bank Business Altitude™ Connect World Elite Mastercard®

U.S. Bank Business Altitude™ Connect World Elite Mastercard®
Excellent-Good
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent / Good
Mastercard Processing Network
$0 for the first year; $95 after that Annual Fee

U.S. Bank Business Altitude™ Connect World Elite Mastercard®

  • 20.24% to 28.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
  • 20.24% to 28.24% variable based on creditworthiness and the Prime Rate Balance Transfer APR
  • 29.99% variable based on the Prime Rate Cash Advance APR

At a Glance

The U.S. Bank Business Altitude™ Connect World Elite Mastercard® is a business travel rewards card for that earns up to 5X points on eligible purchases, with no foreign transaction fees and a $0 introductory annual fee.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • 5X points on hotel and car rentals booked directly in the Rewards Center
  • 4X points on travel, including airfare, hotels, gas, and EV charging stations on the first $150,000 in combined annual spend
  • 2X points on dining, takeout, restaurant delivery, and cell phone services and 1 point for all other purchases
  • No foreign transaction fees
  • Regular Purchase APR: 20.24% to 28.24% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 20.24% to 28.24% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Either 3% of the amount of each transfer or $5 minimum, whichever is greater
  • Cash Advance APR: 29.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either 5% of the amount of each advance or $10 minimum, whichever is greater
  • Penalty APR: 32.49%
  • Annual Fee: $0 for the first year; $95 after that
  • Late Payment Penalty Fee: $40
  • Return Payment Penalty Fee: $40
  • Over Limit Penalty Fee: $40
  • Your company spends heavily on travel
  • You plan to issue multiple employee cards to maximize rewards
  • You want to save on gas, dining, and other everyday categories
  • You spend enough on travel to justify the annual fee
U.S. Bank Business Altitude™ Connect World Elite Mastercard®

U.S. Bank Business Altitude™ Connect World Elite Mastercard®

Terms & Conditions

U.S. Bank Business Altitude™ Connect World Elite Mastercard®

The U.S. Bank Business Altitude™ Connect World Elite Mastercard® is a lucrative travel rewards card for companies that really want to maximize their business trip rewards. The card earns up to 5X points on eligible purchases, with a $0 introductory annual fee (and $95 per year after that), lounge access, and no foreign transaction fees.

Impressive Welcome Bonus

The welcome bonus with the Business Altitude Connect is lucrative. New accounts earn 60,000 points after spending $6,000 on the Account Owner’s card in the first 180 days of opening the account. That bonus has a cash value of $600 and is a fairly easy task for any company that plans to really use this card.

How to Earn Rewards

The Altitude Connect business card may look similar to the personal Altitude® Connect Visa Signature® (both in terms of appearance and rewards structure), but make no mistake – this is a travel card with companies in mind. Businesses earn up to 5X on travel expenses in critical categories: hotels and car rentals.

The 5X points per $1 spent on hotel and car rental bookings apply to booked directly in the U.S. Bank Rewards Center but is an excellent perk for companies who plan to issue multiple employee cards. Rental cars and budget hotels are a way of life for many business road warriors, so offering such a huge tally is a welcome sight. That’s because these two categories amount to most business travel expenses.

While hotels and car hires are the two heftiest business travel spend categories, airfare is another major expense for companies on the go. Companies earn 4X points on travel, including airfare, hotels, gas, and E.V. charging stations on the first $150,000 in combined annual spend, then 1X points after that. Not to worry – the Connect Business Card also earns 4X points per $1 spent on all other travel purchases with the card – even if you don’t book through the Rewards Center.

Finally, companies earn a solid 2X points on dining, takeout, restaurant delivery and cell phone services and 1X points on all other purchases. Points in the U.S. Bank Rewards program never expire as long as the account is active and open. Companies also have access to the Rewards Center Earn Mall. The Earn Mall offers an easy way to earn additional points while shopping online at over 1,100 stores using your U.S. Bank card.

Business Rewards Comparison

Here’s how the U.S. Bank business card compares to competitors:


Business Altitude™ Connect

BILL Divvy Corporate Card

Ink Business Cash®
Annual fee $95 ($0 year one) None None
Foreign transaction fee None See terms 3%
Rewards Earn 5X on hotel and car rentals booked through Rewards Center, 4X on other travel purchases, 2X on dining, takeout, restaurant delivery and cell phone services, and 1X on all other purchases Earn up to 7X on dining purchases, up to 5X on hotels, up to 2X on recurring software subscriptions, and up to 1.5X on all other purchases Earn 3X on travel, shipping, internet, cable and phone services and advertising purchases made with social media sites and search engines on the first $150,000 in combined purchases each account anniversary.

How to Redeem Rewards

Redeeming points with U.S. Bank is simple and straightforward. Rewards are redeemable for the usual awards, including merchandise, gift cards, cash back, travel, and more. Claiming rewards as a U.S. Bank Rewards Card requires at least $25 in cash back rewards.

Travel Perks

As the Business Altitude™ Connect is a travel card at heart, you’d expect it to provide some decent perks – and you’d be correct. Despite the low annual fee ($95 per year, waived for the first year), the card provides Priority Pass Select digital membership, with four free passes each year. The Priority Pass program provides airport lounge access to more than 1,300 VIP lounges worldwide, with a visit usually costing around $45. This perk is a $180 per year value for employees.

Even better, employee cards are free of charge, so you won’t have to worry about breaking the bank just to equip your team with the necessary credit cards. Adding no foreign transaction fees is another great travel perk – as those annoying charges can seriously harm the overhead of international business.

Other Card Features

Other noteworthy features of the U.S. Bank Business Altitude™ Connect include the ability to transfer points to/from the Account Owner’s to a personal U.S. Bank Altitude® Go or Altitude® Connect card. This unique feature lets you amass points – and redeem for awards – faster. Companies also enjoy the typical U.S. Bank features of the card, including:

① Customer service Like Discover, Chase, Amex, and other major issuers, U.S. Bank provides 24/7, U.S.-based customer service for all of its credit cardholders
② EMV chip While the bank states that “select cards” feature chip technology, in reality, all new U.S. Bank credit card products come with EMV chip technology. This technology provides an additional layer of security for point-of-sale purchases.
③ Free TransUnion credit score access All cardholders receive complimentary access to their TransUnion credit score each month.
④ FlexControl™ U.S. Bank also provides free card management tools via its FlexControl™ budgeting tools. These resources include automatic payment tools, account alerts, and more.
⑤ No penalty APR U.S. Bank cards don’t feature a penalty APR – a great feature that doesn’t penalize cardholders who miss payments.

Businesses also enjoy Mastercard Business World Elite protections and perks. World Elite is the premier tier in the Mastercard payment network, offering companies the very best features, including:

Zero Liability ID theft Protection Global Emergency Services Mastercard Biz
Car Rental Insurance Mastercard Airport Concierge Priceless Golf Business Controls
Mastercard Receipt Management Mastercard Easy Savings® Intuit QuickBooks® and TurboTax® Salesforce Essentials
Microsoft 365 24/7 Business Assistant Mastercard Premium Easy Savings Mastercard Travel & Lifestyle Services

U.S. Bank Ratings

How does the U.S. Bank rate as a lender? Here is a selection of expert reviews for U.S. Bank and its credit card products:

Should You Apply for the U.S. Bank Business Altitude™ Connect World Elite Mastercard®?

The U.S. Bank Business Altitude Connect Mastercard is a versatile business rewards card for companies that want robust spending controls and lucrative rewards in one package. The flexible reward earning rate is solid, enhanced further by the lack of foreign transaction fees and four complimentary lounge visits each year through Priority Pass. The $95 annual fee is somewhat annoying. Still, for companies that issue multiple cards and plan on business trips abroad, the card is something of a no-brainer.

Browse Other Card Offers:

Editorial Disclosure – The opinions expressed on BestCards.com's reviews, articles, and all other content on or relating to the website are solely those of the content’s author(s). These opinions do not reflect those of any card issuer or financial institution, and editorial content on our site has not been reviewed or approved by these entities unless noted otherwise. Further, BestCards.com lists credit card offers that are frequently updated with information believed to be accurate to the best of our team's knowledge. However, please review the information provided directly by the credit card issuer or related financial institution for full details.

Advertiser Disclosure

BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.