U.S. Bank Altitude Reserve Military Benefits 2023

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The Platinum Card® from American Express card is annual fee waived for military. Terms apply.

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The U.S. Bank Altitude Reserve card is a great travel rewards credit card for military servicemembers and their spouses. The annual fee of $400 is waived for active duty US military and their spouses with the Military Lending Act (MLA).

This military annual fee waiver is similar to the Chase Sapphire Reserve® Card and The Platinum Card® from American Express military fee waiver.

Eligible military servicemembers and spouses who apply for the US Bank Altitude Reserve card automatically have their Social Security numbers checked against the MLA database. If there is a positive match, your annual fees are waived.

US Bank Altitude Reserve Military MLA
  • US Bank Altitude Reserve Visa Infinite card
  • Earn 50,000 points worth $750 towards travel when you spend $4500 in the first 90 days of account opening
  • Earn 5x points on prepaid hotels and car rentals booked through Altitude Rewards Center
  • 3x points on mobile wallet (Apple Pay, Google Pay) and travel purchases
  • $325 annual statement credit on travel purchases
  • You must be a U.S. Bank customer before applying

US Bank Altitude Reserve Points Value

Altitude Reserve points are earned at 5x for prepaid hotels and car rentals booked through the Altitude Reserve center, 3x on mobile wallet and travel purchases, and 1x on everything else.

US Bank has a unique rewards system called “Real Time Rewards.” You can use your points earned instantly to offset charges as you make them. The credit will post to your account within 3 business days.

Points are redeemed at 1.5 cents per point when redeeming for airlines, hotels, car rental companies, taxis, limousines, passenger trains, and cruise lines.

This gives you effectively 7.5% cash back on prepaid hotels and car rentals, 4.5% back on mobile wallet and travel, and 1.5% on everything else.

The value of these points are fixed and there are no travel transfer partners to move the points to. That makes this card weak for scoring big military travel hacking redemptions, but good for offsetting travel purchases.

Altitude Reserve vs Amex Platinum vs Chase Sapphire Reserve

Military servicemembers and their spouses don't need to worry about comparing the US Bank Altitude Reserve vs the Amex Platinum and Chase Sapphire Reserve. You can get all 3 cards without paying an annual fee!

Compare the Chase Sapphire Reserve vs the Amex Platinum for military in this article.

US Bank Altitude Reserve Military MLA
Military SCRA MLA AMEX Platinum
Chase Sapphire Reserve No Annual Fee for Military
US Bank Altitude ReserveAmex PlatinumChase Sapphire Reserve
Welcome Bonus Offer Earned with Minimum Spend50,00080,00060,000
Value of Welcome Bonus$750$2000+$1200+
Bonus Categories3x Travel and Mobile Wallets5x points on travel booked directly with airline or AmexTravel.com up to $500,0003x on Travel and Restaurants
Foreign Transaction FeesNoneNoneNone
Airport Lounge AccessOnly 4 Priority Pass Visits Per YearUnlimited Priority Pass + Guest and Centurion LoungeUnlimited Priority Pass + Guest
$100 Global Entry CreditYesYesYes
Annual Fee Waived$400$695$550
Military SCRA MLA AMEX Platinum
  • The Platinum Card® from American Express – learn how to apply
  • Annual fee of $695 waived for US military personnel and spouses
  • Earn 80,000 Membership Rewards® Points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership.
  • Earn 5x points on airfare booked directly with airline or on amextravel.com up to $500,000 per calendar year
  • Earn 5x points on prepaid hotels at amextravel.com
  • $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.
  • $240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, The New York Times, and other participating providers. Enrollment required.
  • $200 Uber Cash: Uber VIP status and up to $200 in Uber savings on Uber Eats and rides
  • $200 Airline Fee Credit: Up to $200 in statement credits per calendar year in baggage fees and more at 1 qualifying airline
  • $100 annual Saks Fifth Avenue credit, can be used for gift cards, enrollment required
  • 40 Centurion Lounges and 1200+ Priority Pass airport lounge access for free
  • $189 CLEAR® Credit: Breeze through security with CLEAR® lanes available at 100+ airports, stadiums, and entertainment venues and get up to $189 back per calendar year on your membership when you use your Card.
  • $300 Equinox Credit: Get up to $300 back each year on an Equinox+ subscription, or any Equinox club memberships when you pay with your Platinum Card. Enrollment required. Learn more.
  • $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.
  • No foreign transaction fees
  • Heavy metal card that looks and feels really cool. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
  • The Platinum Card® from American Express – learn how to apply
  • Read my full review of the Amex Platinum card for military, terms apply
Chase Sapphire Reserve No Annual Fee for Military

Chase Sapphire Reserve® Card
Learn how to apply on our partner's secure site

  • $550 annual fee waived to $0 for US military + spouses with Chase MLA policy
  • Earn 60,000 bonus points after you spend $4,000 on eligible purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards portal
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
  • Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually.
  • 3x Points on other Travel (airfare, hotels) after earning the $300 travel credit
  • 3x Dining restaurants, takeouts, delivery
  • Chase Ultimate Reward Points redeemed through the Chase travel portal are worth 1.5 cents, a 50% bonus.
  • Priority Pass lounge and restaurant access with over 1300+ airport lounges worldwide
  • Up to $100 application fee credit for Global Entry every 4 years
  • Count on Trip Cancellation/Interruption Insurance, Primary coverage with Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
  • No foreign transaction fees
  • Learn more in the Chase Sapphire Reserve review

US Bank Altitude Reserve Frequently Asked Questions (FAQ)

How do I apply for a US Bank Altitude Reserve card?

You must be a U.S. Bank customer before you apply for a US Bank Altitude Reserve card.

Does US Bank Altitude Reserve waive fees for military?

Yes, the US Bank Altitude Reserve waives annual fees for servicemembers with the Military Lending Act (MLA). This is similar to how Chase and Amex waive annual fees for active duty military and spouses.

Does Altitude Reserve waive fees for military spouses?

As of 2021, I believe that the Altitude Reserve also waives annual for military spouses. I could use a few more data points, so please leave a comment if your spouse's annual fees were waived, thanks!

Does US Bank waive annual fee for Military?

Yes, US Bank waives annual fees on their Altitude Reserve card for military servicemembers.

What counts as travel on the Altitude Reserve?

The $325 travel credit on the Altitude Reserve covers purchases directly from airlines, hotels, car rentals, taxicabs, limousines, passenger trains and cruise line companies.

4 thoughts on “U.S. Bank Altitude Reserve Military Benefits 2023”

  1. My wife got approved for the US Bank Altitude Reserve card and we just started to spend on it. I’ll update in a couple months if she had her fee waived.

  2. Data point from AUG21 — I’d had the prerequisite no-fee US Bank “military checking account” for about a year with $50 in it before applying. Received card and couple days later received letter confirming “…we will also eliminate all fees while you are subject to the terms of MLA,” and “…for the MLA terms to apply, a borrower must be an Active Duty servicemember or must be a spouse of dependent at the time of application for a new account.” Signing up spouse for her own no-fee US Bank “military checking account” now!

    • hey PAS, did you submit any documents for your US bank military checking account? or they just verify it for you? I kind want to have the checking and then apply their credit cards, thank you!


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