Best in Class
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US Bank Business Altitude Power Credit Card Review
Key Takeaways
The U.S. Bank Business Altitude Power card offers a substantial welcome bonus but delivers limited ongoing value for its $195 annual fee. While it's a business card that won't count against your 5/24 status, U.S. Bank's other options provide better long-term value. The U.S. Bank rewards system ranks below competitors primarily because it lacks transfer partners, which typically maximize redemption value. For those experienced with credit card rewards who are specifically seeking a U.S. Bank business card, the Business Leverage card generally presents a more compelling option with similar benefits and a lower, first-year-waived annual fee.
Why This Card Could Be Right For You
The U.S. Bank Business Altitude Power card offers several compelling features that might make it worthwhile for certain business owners:
- Strong Welcome Bonus: Earn 75,000 points after spending $10,000 in the first 120 days
- Solid Earning Structure: Get 2x points on all purchases with no spending caps, making it easy to accumulate rewards without tracking categories
Beyond the straightforward earning on everyday purchases, the card provides enhanced earning opportunities in select categories:
- Mobile Wallet Bonus: Earn 2.5x points on up to $5,000 in mobile wallet purchases, rewarding convenient payment methods
- Travel Booking Bonus: Receive 6x points when booking hotels or car rentals through the U.S. Bank Rewards Center
While the card carries a $195 annual fee, it can be valuable for business owners who primarily want a straightforward rewards card that won't affect their 5/24 status with Chase. The card allows redemptions through the U.S. Bank travel portal — a feature not available on all U.S. Bank cards. You can also redeem your rewards as cash back, statement credits, gift cards, or use their convenient Real-Time Rewards function for instant redemptions.
However, keep in mind that without transfer partners, your redemption value will be capped at 1 cent per point, which limits the overall potential value compared to cards with transferable points.
When The Usual Advice Doesn't Apply
Situations where this card might not be right for you:
- U.S. Bank offers no transfer partners to maximize point value, limiting you to 1 cent per point redemption
- The high annual fee doesn't include premium perks like lounge access or statement credits found on similarly priced cards
What to Know About U.S. Bank FlexPerks
The U.S. Bank Loyalty System is a fixed-value travel program with limited upside.
- Points redeem at 1 cent per point toward travel when booked through the U.S. Bank portal (for those cards that allow portal redemptions).
- U.S. Bank does not currently have transfer partners. They announced that the U.S. Bank Altitude Reserve will gain partners starting in December 2025, but none have been named yet. The card is also closed to new applicants as of November 2024.
- U.S. Bank points are fine for travelers who want a simple rebate toward flights, but the program is not ideal for anyone aiming to maximize travel value or leverage complex award bookings.
How The US Bank Business Altitude Power Credit Card Fits In The U.S. Bank FlexPerks Ecosystem
U.S. Bank offers several business cards that compete with the Altitude Power, each with distinct features and benefits. When comparing these options:
- The Leverage card offers the same welcome bonus as the Altitude Power (75,000 points) and also provides 2x points, but only on purchases in your top two spending categories. Its $95 annual fee is waived the first year, making it our top recommendation among U.S. Bank business cards.
- The Altitude Connect Business card features a lower sign-up bonus of 60,000 points after spending $6,000 in the first 180 days, but compensates with stronger category multipliers if you're willing to track your spending more carefully.
The Connect card's earning structure includes:
- 5x points on prepaid hotels and car rentals through the portal
- 4x points on travel, gas, and EV charging stations (excluding discount stores/supercenters and wholesale clubs) on the first $150,000 in combined annual spend
- 2x points on dining, takeout, restaurant delivery, and cell service providers
Like the Leverage card, the Connect's $95 annual fee is waived for the first year.
- The Triple Cash Rewards Business Visa takes a different approach as a cash rewards business card. It offers a substantial $500 cash back sign-up bonus after spending $4,500 in the first 6 months.
Its reward structure includes:
- 3% cash back at gas stations, EV charging stations (transactions up to $200, excluding discount stores/supercenters and wholesale clubs), office supply stores, cell phone service providers, and restaurants
- 5% back on all prepaid hotel and car rentals through the portal
- $100 credit for recurring software subscription expenses (like FreshBooks or Quickbooks)
- No annual fee
One limitation of the Triple Cash Rewards Visa is that you cannot redeem points through the travel portal, restricting you to cash back redemptions only.
When evaluating these options against the Altitude Power, consider your spending patterns, redemption preferences, and whether the higher annual fee of the Altitude Power delivers enough additional value for your specific business needs.
Card Information
Bonus Points
75,000
Minimum Spend
$10,000 / 3mo
Point Value
1.0 ¢
Annual Value
Annual Fee
$195
1st Year Value
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Card Benefits
No benefits are available for this card.
Historical Card Offers
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Estimated Next Offer
Start Date
Offer Length
Bonus
Minimum Spend
Spend Categories
6¢
Per Dollar
Spent
Spent
6¢
Per Dollar
Spent
Spent
2.5¢
Per Dollar
Spent
Spent
2¢
Per Dollar
Spent
Spent
US Bank Business Altitude Power Application Rules
Point Transfer Options
Ranking of Cards Offering U.S. Bank FlexPerks
Downgrade Options
US Bank Triple Cash Rewards Business
U.S. Bank FlexPerks