To help the United States fight the funding of terrorism and money laundering activities, U.S. law requires U.S. Bancorp, like other financial institutions, to obtain, verify, and record information that identifies each customer that opens an account.
What this means for you: When you open an account with us, we will ask for your and/or your business's legal name, address, date of birth, tax identification number, and other identifying information that will assist us with identifying you and/or your business. We may also ask to see your photo identification (driver's license) or other identifying documents. For businesses, we may ask for copies of certified articles of incorporation, an unexpired government-issued business license, a partnership agreement, or other documents that indicate the existence and standing of the entity.
We may change APRs, fees, and other Account terms in the future based on your experience with U.S. Bank National Association and its affiliates as provided under the Cardmember Agreement and applicable law.
Interest Rates and Interest Charges | U.S. Bank Altitude® Connect Visa Signature® Card |
Annual Percentage Rate (APR) for Purchases | 21.24% to 29.24% based on your creditworthiness when you open your account. This APR will vary with the market and is based on the Prime Rate. |
APR for Balance Transfers | 21.24% to 29.24% based on your creditworthiness when you open your account. This APR will vary with the market and is based on the Prime Rate. |
APR for Cash Advances | 29.99% This APR will vary with the market and is based on the Prime Rate. |
Penalty APR and When it Applies | Not applicable |
How to Avoid Paying Interest on Purchases | Your due date is 24 – 30 days after the close of each billing cycle. We will not charge you interest on new Purchases if you pay your entire balance, or Plan Adjusted Balance if you have any Fixed Payment Program balance(s), in full by the due date each month. |
Minimum Interest Charge | If you are charged interest, the charge will be no less than $1. |
For Credit Card Tips from the Consumer Financial Protection Bureau | To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore |
Fees | U.S. Bank Altitude® Connect Visa Signature® Card |
Annual Fee | |
• Annual Membership Fee
|
$0 introductory annual fee for the first 12 months. After that, $95 |
Transaction Fees | |
•
Balance Transfer
|
Either 3% of the amount of each transfer or $5 minimum, whichever is greater. |
•
Convenience Check Cash Advance1
|
Either 3% of the amount of each advance or $5 minimum, whichever is greater. |
•
Cash Advance ATM
|
Either 5% of the amount of each advance or $10 minimum, whichever is greater. |
•
Cash Advance
|
Either 5% of the amount of each advance or $10 minimum, whichever is greater. |
•
Cash Equivalent Advance
|
Either 5% of the amount of each advance or $10 minimum, whichever is greater. |
•
Overdraft Protection
|
None |
•
Foreign Transaction
|
None |
•
U.S. Bank ExtendPay® Fees
|
A monthly fee not to exceed 1.6% of the original principal amount in a U.S. Bank ExtendPay® Plan or U.S. Bank ExtendPay® Loan.2 This fixed fee is disclosed upon enrollment and charged each month that you owe the applicable ExtendPay balance. |
Penalty Fees | |
•
Late Payment
|
Up to $41 |
•
Returned Payment
|
Up to $41 |
•
Overlimit
|
None |
Fixed Payment Programs: From time to time we may offer to you the benefit of our Fixed Payment Programs, including ExtendPay® Plans and ExtendPay® Loans, which allow you to pay off balances in fixed monthly payments over time. See your Cardmember Agreement for more information.
Balance Transfer Information: Balance transfer transactions from other U.S. Bank National Association accounts are not permitted. You may cancel a balance transfer request within 10 days of account opening by calling 800-285-8585. After 10 days from account opening, requests to stop payment on Balance Transfer Check(s) issued by U.S. Bank shall not be honored unless the check(s) has been stolen, lost or destroyed.
Points are earned on eligible Net Purchases. Net Purchases are Purchases minus credits and returns. Not all transactions are considered to be Purchases and eligible to earn Points, such as transactions posting as Convenience Checks; Balance Transfers; Advances (including ATM withdrawals, wire transfers, traveler's checks, money orders, foreign cash transactions, betting transactions, and lottery tickets); interest charges and fees; credit insurance premiums; and transactions to (i) fund certain prepaid card products, (ii) buy currency from the U.S. Mint, or (iii) buy cash convertible items. Please refer to the materials received with your card and the Program Rules in the online Rewards Center by logging in to usbank.com for additional information. Account must be open and in good standing (not past due) on the closing date of the billing cycle in order to earn and redeem Points. Purchases qualify for Points based on how merchants choose to classify their business and we reserve the right to determine which purchases qualify. U.S. Bank Altitude Connect Visa Signature Cardmembers will earn 1 Point for every $1 in Net Purchases. In addition, you will earn 4 Points (5 Points total) for every $1 on prepaid car and hotel reservations purchased in the online Altitude Rewards Center using your U.S. Bank Altitude Connect Card. Prepaid car and hotel reservations in the Rewards Center are not classified as a travel category merchant transaction and are not eligible to receive the additional points for that category. You will earn 3 Points (4 Points total) for every $1 on travel category purchases (such as purchases made directly with airlines, hotels, car rentals, taxicabs, limousines, passenger trains and cruise line companies). You will earn 1 Point (2 Points total) for every $1 on restaurant, fast-food restaurant, bar and qualifying streaming subscription service purchases. Refer to Program Rules or usbank.com/AltitudeConnectBenefits for official list of qualifying streaming services merchants. IMPORTANT CHANGE: You will earn 3 Points (4 Points total) for every $1 on gas station and electric vehicle charging station purchases through September 8, 2024. Effective September 9, 2024, you will earn 3 Points (4 Points total) for every $1 on your first $1,000 each quarter on gas station and electric vehicle charging station purchases, excluding purchases at wholesale clubs, discount stores/supercenters and grocery stores/supermarkets. You will earn 1 Point (2 Points total) for every $1 on grocery store and supermarket purchases. Effective September 9, 2024, grocery store and supermarket purchases at discount stores/supercenters such as Target and Walmart and wholesale clubs will be excluded. Please allow 1-2 statement billing cycles for your bonus Points to appear on your credit card statement. Refer to the Rewards Center for full details.