What are the U. S. Bank Altitude Go categories for rewards?

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.

To redeem U.S. Bank rewards, log in to the U.S. Bank My Rewards portal online and select a redemption option. U.S. Bank also allows cardholders to redeem rewards by calling the phone number on the back of their card or by using the U.S. Bank mobile app.

How to Redeem U.S. Bank Rewards Online... read full answer

1. Log in to your U.S. Bank credit card account.
2. Go to the My Rewards portal.
3. Find the list of redemption options. These will depend on which U.S. Bank rewards card you have.
4. Determine which redemption options give the most value for your cash back or points.
5. Redeem your U.S. Bank rewards.

Common redemption options across all U.S. Bank rewards cards include statement credits and gift cards, but the rest of the redemption options may change depending on which card you have. For some U.S. Bank credit cards, the various redemption options will be worth different amounts. Make sure you do your research so that you can maximize the value you get from U.S. Bank rewards redemption.

There are three different types of credit card rewards: points, miles and cash back. Rewards credit cards are also targeted to three main groups: students, small business owners and people with above-average credit.

Although there are differences between credit card rewards currencies and the ways in which credit card companies dole them out to different groups, the major types of credit card rewards all work pretty much the same way. You’ll earn rewards for every purchase you charge to the card – sometimes at a flat rate on all purchases, and other times with earning rates that vary by spending category. It’s also possible to earn rewards for doing things like spending a certain amount in the first few months, referring a friend or adding an authorized user.... read full answer

Co-branded cards are different from store cards, which are issued by banks but are not linked to any of the major card networks. This means store cards only let you make purchases and earn rewards with whichever retailer is associated with the card.

Types of Credit Card Rewards

Points

Credit cards with rewards points generally give at least 1 point per $1 spent. You can redeem points for hotel stays and other travel expenses, statement credits, gift cards or merchandise, depending on the card. Points cards are sometimes affiliated with hotel chains.

Miles

Credit cards with miles are travel oriented, often affiliated with a specific airline. Rewards typically start at 1 mile for every $1 you spend. Miles can be redeemed for airfare, other travel expenses, gift cards, cash or merchandise. Cards co-branded with a particular airline may reward you with seat or room upgrades, early boarding on flights, free checked bags and more.

Cash Back

Credit cards with cash back rewards return a portion of each purchase cardholders make, usually at least 1%. You can redeem cash rewards as a check, direct deposit to your bank account or statement credit, depending on the card. Some cash back rewards can also be redeemed for gift cards and merchandise through the issuer’s online rewards mall.

You’ll need good or excellent credit to qualify for the best rewards credit cards. Many also come with annual fees to offset the costs of their rewards programs. And some cards offer sign-up bonuses that require meeting a minimum initial spending requirement.

For more information, check out WalletHub’s Credit Card Rewards Guide.