U.S. Bank launched the U.S. Bank Altitude^® Go Visa Signature^® Card in June 2020, a credit card geared toward those who regularly dine out or use food delivery and streaming services.

This $0 annual fee card offers a high rewards rate on dining and food delivery services – holding its own against competing dining rewards cards. Additionally, cardholders earn rewards on groceries, gas and streaming services.

We break down the pros and cons of the U.S. Bank Altitude^® Go Visa Signature^® Card, and show how it compares to another credit card that also offers rewards on dining and grocery store purchases – the Capital One SavorOne Cash Rewards Credit Card.

• Rewards rate

  U.S. Bank Altitude^® Go Visa Signature^® Card members earn a generous rewards rate – especially for a card with a $0 annual fee: Earn 4X points on dining, takeout, and restaurant delivery, 2X points at grocery stores, grocery delivery, gas stations, EV charging stations and on streaming services. Plus, a $15 credit for annual streaming purchases like Netflix, Hulu, Spotify®, Apple Music, Disney+, HBO Max and more! And earn 1X points on all other eligible purchases.

  The dining category includes a broad range of eateries, including restaurants, fast food establishments and bars. The grocery store category includes supermarkets; however, purchases made at discount or retail stores that sell groceries may not qualify.

  U.S. Bank Altitude^® Go Visa Signature^® Card points, which never expire as long as the card account remains active, are worth approximately 1 cent each and can be redeemed for merchandise, gift cards, cash back, travel and more.

• Sign-up bonus

  The U.S. Bank Altitude^® Go Visa Signature^® Card comes with a solid sign-up bonus. Cardholders earn 20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening.

• Intro APR offers

  If you want to finance a large purchase or transfer a balance interest-free, you can do so for a year with the U.S. Bank Altitude^® Go Visa Signature^® Card. Cardholders receive an intro period of 0% for 12 billing cycles on purchases, then a regular APR of 19.24% - 28.24% (variable) will apply.

  The card also offers a 0% for 12 billing cycles on balance transfers. After that, an APR of 19.24% - 28.24% (variable) will apply to any unpaid portion of the balance.

• $0 annual fee

  The U.S. Bank Altitude^® Go Visa Signature^® Card comes with a $0 annual fee.

• Foreign transaction fee: None

  Some credit cards charge a fee (typically 3%) for each transaction made outside the United States. The U.S. Bank Altitude^® Go Visa Signature^® Card doesn’t, so it’s a fine option to take with you when traveling abroad.

• If you want to redeem points for cash back into a bank account, you must have a checking or savings account with U.S. Bank. Without one, you’ll still have access to redemption options such as statement credits and gift cards, but won’t be able to get cash back deposited into your bank account.

  Also, know that when redeeming points for cash back, you must do so in increments of 2,500 points.

• Mediocre benefits

  The U.S. Bank Altitude^® Go Visa Signature^® Card lacks some of the popular benefits often offered by credit cards, such as purchase protections and cellphone insurance.

• Balance transfer fee

  While the U.S. Bank Altitude^® Go Visa Signature^® Card offers an introductory APR on balance transfers, you will be subject to a balance transfer fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater.

• Can be difficult to qualify for

  Some consumers have reported that if you’ve applied for any credit card in the past six months, or more than one card in the past year, U.S. Bank is likely to deny your application for the U.S. Bank Altitude^® Go Visa Signature^® Card.

 

If you want to earn rewards on dining and streaming services, the Capital One SavorOne Cash Rewards Credit Card is a great alternative, plus it offers a great purchase intro APR: 0% intro on purchases for 15 months (after, a 19.24% - 29.24% (variable) APR will apply).

The card offers 3% cash back on dining and entertainment; 3% cash back on popular streaming services; 3% cash back at grocery stores; 1% cash back on all other purchases. earn 8% cash back on capital one entertainment purchases.

Cashback rewards can be redeemed for statement credits or checks, as well as previous purchases, gift cards and more.

However, note that the U.S. Bank Altitude^® Go Visa Signature^® Card does offer a higher rewards rate on dining than the Capital One SavorOne Cash Rewards Credit Card.

The U.S. Bank Altitude^® Go Visa Signature^® Card and the Capital One SavorOne Cash Rewards Credit Card cards are both solid options if you spend a decent amount on dining, grocery store purchases and streaming services each month. But if you plan to carry a balance from month-to-month, the Capital One SavorOne Cash Rewards Credit Card may be the better option, since you can do so interest-free for a longer period of time.

To see rates & fees for American Express^® Gold Card please click here.