US Bank Travel Card 50k Points ($1k value)

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Alexa9
Posts: 144
Joined: Tue Aug 30, 2016 9:41 am

US Bank Travel Card 50k Points ($1k value)

Postby Alexa9 » Thu Apr 20, 2017 1:27 pm

New card from US Bank to compete with Chase Sapphire Reserve and Amex Platinum. 50k point intro bonus valued at $750 and $325 annual travel bonus, $400 annual fee. Intro spend $4.5k in 90 days. Kicker is you have to have an account with them for 35 days to open. Available May 1. US Bank is not as good as Chase or AMEX but it's a decent offer valued at $1000 net with two years of travel allowances.

http://www.marketwatch.com/story/this-n ... 2017-04-20

dougp29
Posts: 50
Joined: Thu May 22, 2014 7:44 pm

Re: US Bank Travel Card 50k Points ($1k value)

Postby dougp29 » Thu Apr 20, 2017 1:40 pm

Looks like a good offer. I had a travel credit card with US Bank a couple of years ago, which I cancelled because of horrible customer service. Wait times at their call center were the longest I've ever experienced anywhere. I ended up going down to my local branch, and my branch manager, who is always helpful, contacted the credit card center for me and resolved my problem. This happened twice. At that point I concluded poor service was not an anomaly. I hope US Bank allocates enough resources to make this card "one to have." As I mentioned, branch service is great!

Jags4186
Posts: 937
Joined: Wed Jun 18, 2014 7:12 pm

Re: US Bank Travel Card 50k Points ($1k value)

Postby Jags4186 » Thu Apr 20, 2017 1:57 pm

Alexa9 wrote:New card from US Bank to compete with Chase Sapphire Reserve and Amex Platinum. 50k point intro bonus valued at $750 and $325 annual travel bonus, $400 annual fee. Intro spend $4.5k in 90 days. Kicker is you have to have an account with them for 35 days to open. Available May 1. US Bank is not as good as Chase or AMEX but it's a decent offer valued at $1000 net with two years of travel allowances.

http://www.marketwatch.com/story/this-n ... 2017-04-20


Just an FYI the $325 travel rebate is per cardmember anniversary date, not per calendar year. You will pay the second $400 AF before you can get the second $325 rebate. I don't know their cancellation/annual fee refund policy so you might be able to use the 2nd $325 and cancel and get your $400 refunded. Still a good offer but only worth $675 for year one, not necessarily $1000 with the travel reimbursement double dip.

SRenaeP
Posts: 581
Joined: Tue Jan 19, 2010 9:05 pm

Re: US Bank Travel Card 50k Points ($1k value)

Postby SRenaeP » Thu Apr 20, 2017 2:08 pm

Per an article on Doctor of Credit, you can only apply in branch (none near me in the southeast) and you have to be an existing US Bank customer. I guess they're trying to limit the huge interest (and huge initial loss) that Chase had with the Sapphire Reserve.

-Steph

Alexa9
Posts: 144
Joined: Tue Aug 30, 2016 9:41 am

Re: US Bank Travel Card 50k Points ($1k value)

Postby Alexa9 » Thu Apr 20, 2017 4:32 pm

Jags4186 wrote:
Alexa9 wrote:New card from US Bank to compete with Chase Sapphire Reserve and Amex Platinum. 50k point intro bonus valued at $750 and $325 annual travel bonus, $400 annual fee. Intro spend $4.5k in 90 days. Kicker is you have to have an account with them for 35 days to open. Available May 1. US Bank is not as good as Chase or AMEX but it's a decent offer valued at $1000 net with two years of travel allowances.

http://www.marketwatch.com/story/this-n ... 2017-04-20


Just an FYI the $325 travel rebate is per cardmember anniversary date, not per calendar year. You will pay the second $400 AF before you can get the second $325 rebate. I don't know their cancellation/annual fee refund policy so you might be able to use the 2nd $325 and cancel and get your $400 refunded. Still a good offer but only worth $675 for year one, not necessarily $1000 with the travel reimbursement double dip.


Good catch, I was wondering about that. I know you can do that with the Chase card. Still a decent offer.

giesen5
Posts: 240
Joined: Wed Jan 27, 2016 1:44 pm
Location: Bellingham, WA

Re: US Bank Travel Card 50k Points ($1k value)

Postby giesen5 » Thu Apr 20, 2017 4:35 pm

SRenaeP wrote:Per an article on Doctor of Credit, you can only apply in branch (none near me in the southeast) and you have to be an existing US Bank customer. I guess they're trying to limit the huge interest (and huge initial loss) that Chase had with the Sapphire Reserve.

-Steph


Word out now is that you do not need to be an existing customer. The rep will overwrite that when you apply in branch.

There is a lot of information out there and it is changing daily.

MikeG62
Posts: 344
Joined: Tue Nov 15, 2016 3:20 pm
Location: New Jersey

Re: US Bank Travel Card 50k Points ($1k value)

Postby MikeG62 » Fri Apr 21, 2017 8:01 am

I do not think this card compares well to the Chase Sapphire Reserve for use on an ongoing basis.


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