What is the U. S. Bank Altitude Connect exchange rate?

U.S. Bank points are worth 1.3 cents per point, on average. The value of U.S. Bank points depends on how you choose to redeem the points. For example, points from U.S. Bank are worth up to 1.5 cents each when redeemed for travel through the FlexPerks Rewards program, and they are worth 1 cent each when redeemed for cash back.... read full answer

U.S. Bank Points Value by Redemption Method

U.S. Bank Credit Cards

• U.S. Bank FlexPerks® Gold American Express® Card
• U.S. Bank Altitude Reserve Visa Infinite® Card

Tips for Maximizing the Value of U.S. Bank Points

Redeem Points for Travel.

U.S. Bank points are worth the most when redeemed for travel.

Redeem U.S. Bank points regularly.

U.S. Bank points do not expire due to account inactivity, but stockpiling points does put you at risk of rewards devaluation. Plus, you won't get to enjoy the fruits of your spending if you don't redeem.

Keep your account in good standing.

If U.S. Bank closes your account because of a failure to pay the bill or fraudulent activity, you'll lose any unredeemed points you have saved.

Redeem before closing your account.

Any points you don't redeem before closing your account will be lost.

The U.S. Bank foreign transaction fee is either 0% or 3% of the purchase amount or foreign ATM cash advance transaction, depending on the card. Plus, if you want to withdraw cash abroad, be prepared to pay a $2.50 non-U.S. Bank ATM fee as well.

U.S. Bank Foreign Transaction Fees

• U.S. Bank Altitude® Go Visa Signature® Card: 0%
• U.S. Bank Altitude Reserve Visa Infinite® Card: 0%
• U.S. Bank Altitude® Connect Visa Signature® Card: 0%
• U.S. Bank FlexPerks® Gold American Express® Card: 0%
• U.S. Bank Cash+® Visa Signature® Card: 3%
• U.S. Bank Visa® Platinum Card: 3%
• U.S. Bank Secured Visa® Card: 3%

If you’re going abroad, be sure to take a credit card that won’t rack up foreign transaction fees. And if you have a bank account with U.S. Bank, stay away from international ATMs. The foreign withdrawal fees are pretty high.

A credit card conversion fee, more commonly called a foreign transaction fee, is an extra charge by your credit card issuer for processing a transaction with a foreign merchant. It’s usually 1%-3% of what you spend. And while most credit cards do charge a conversion fee, there are a lot of great options that don’t. If you’re planning to travel abroad, it’s a good idea to get a “... read full answerno foreign transaction fee credit card” in order to avoid an extra charge for paying by card at a foreign merchant.

Here are some of the best credit cards with no conversion fee:

The Chase Sapphire Preferred offers 60,000 bonus points for spending $4,000 in the first 3 months. Plus, you can earn 5 points per $1 spent on travel purchased through Chase, 2 points per $1 on all other travel purchases, 3 points per $1 on dining and online grocery purchases, 3 points per $1 on select streaming services, and 1 point per $1 on all other purchases. The card has a $95 annual fee. It requires at least good credit.

The Citi Premier offers 60,000 points for spending $4,000 in the first 3 months. Plus, you can earn 3 points per $1 spent at restaurants, supermarkets and gas stations, 3 points per $1 on air travel and hotels, and 1 point per $1 on all other purchases. The card has an annual fee of $95. It requires at least good credit.

The Bank of America Travel Rewards for Students offers 25,000 points for spending $1,000 in the first 90 days. In addition, you can earn 3 points per $1 spent on purchases at the Bank of America Travel Center and 1.5 points per $1 spent on all other purchases. The card has a $0 annual fee. You can get approved with limited or no credit.

The Capital One Platinum Secured is one of the few secured cards that can be partially secured, giving you a credit line larger than your security deposit: deposit of $49, $99 or $200 for a $200 spending limit.It has a $0 annual fee. You can get approved with bad credit.

There are some large issuers (such as Capital One), that don’t charge conversion fees on any of their credit cards. So, a card like the Capital One Venture Rewards Credit Card is a great choice as well.