Near Field Communication or NFC is what your iPhone or Apple Watch or android or Samsung phone uses when you pay at the cashier. The watch or phone sends the credit card info to the credit card pad with a tiny antenna in a near field.
Right now US Bank’s new Altitude card is offering 3x points on all travel categories as well as any purchase using NFC! Travel is defined as:
- car rental companies
- passenger trains
- cruise line companies
These are the same as the Chase Sapphire Reserve Card so nothing new here. The key to this card is to earn 3X points per $1 for eligible net mobile wallet purchases when using the Altitude Reserve card with your mobile device to pay through Apple Pay,® Android Pay,™ Samsung Pay and Microsoft Wallet.
This is not only in-store, but also in-app or online. As long as the website or app takes Apple Pay,® Android Pay,™ Samsung Pay or Microsoft Wallet.
Effectivly these points can be redeemed for 1.5 cents per point using the US Bank travel portal or 1 cent for gift cards or statement credits. Effectively making this a 3 to 4.5% cash back card. This is more than the 2.5% with my USAA Limitless.
The annual fee is not waved for military and is $400 but includes a $325 travel credit for the above categories effectively making the annual fee $75.
The starting offer of 50,000 points after spending $4,500 in 90 days of account opening is worth more than $75 with credit for $750 in travel.
They are only taking applications in person, and must be a US Bank customer. Offer is starting 02 May 2017 and there is a US Bank branch right by Fort Sheridan in Highwood. Hope to see you all there!