U.S. Bank Altitude Go Secured Visa Credit Card

Are you interested in delving into the comprehensive details of the U.S. Bank Altitude Go Secured Visa Credit Card? Responsible Economy offers a detailed breakdown of the major features of the U.S. Bank Altitude Go Secured Visa Credit Card, encompassing aspects like fees, interest rates, minimum deposit requirements, and all the essential information you need. Additionally, we’re ready to provide you with a thorough analysis, comparing this card to the top secured credit cards currently available in the market. Let’s get started!

Features

In this section, we will go through all the features one by one.

Fees

Fees play a crucial role when evaluating financial products, and credit cards are no exception. The U.S. Bank Altitude Go Secured Visa Credit Card sets itself apart by entirely eliminating annual maintenance fees, giving it a substantial advantage compared to numerous other secured credit cards.

We also show you other credit card fees.

Transaction FeesAmount
Balance TransferEither 3% of transfer amount or $5 minimum, whichever is greater.
Convenience Check Cash AdvanceEither 3% of advance amount or $5 minimum, whichever is greater.
Cash Advance ATMEither 5% of advance amount or $10 minimum, whichever is greater.
Cash AdvanceEither 5% of advance amount or $10 minimum, whichever is greater.
Cash Equivalent AdvanceEither 5% of advance amount or $10 minimum, whichever is greater.
Overdraft ProtectionNone
Foreign TransactionNone
U.S. Bank ExtendPay® FeesA monthly fee not to exceed 1.6% of original principal amount in U.S. Bank ExtendPay® Plan or U.S. Bank ExtendPay® Loan. This fixed fee is disclosed upon enrollment and charged each month that you owe the applicable ExtendPay balance.
Penalty Fees
Late PaymentUp to $41
Returned PaymentUp to $41
OverlimitNone
U.S. Bank Altitude Go Secured Visa Credit Card

APR

Choosing to defer payments on the U.S. Bank Altitude Go Secured Visa Credit Card leads to a relatively elevated interest rate. The Annual Percentage Rate (APR) for maintaining a balance on purchases stands at 29.99%, a factor that deserves thoughtful consideration. It’s important to highlight that while certain cards may present an initial 0% interest rate, the U.S. Bank Altitude Go Secured Visa Credit Card does not fall within this category.

Cash back

Here’s the list of cash back and streaming benefits for the U.S. Bank Altitude Go Secured Visa Credit Card:

Cash Back:

  • 4X Points: Earn 4X points on dining, takeout, and restaurant delivery.
  • 2X Points: Get 2X points at grocery stores, grocery delivery, streaming services, gas stations, and EV charging stations.
  • 1X Point: Receive 1X point on all other eligible purchases.

Streaming Benefits:

  • $15 Streaming Credit: Enjoy a $15 streaming credit for annual streaming service purchases like Netflix and Spotify.
  • Streaming Bonus: Receive a $15 streaming service credit after 11 months of streaming purchases.
  • 2X Points on Streaming: Earn 2X points on your streaming services.

These benefits provide a rewarding experience for various spending categories and streaming services.

Minimum deposit

To establish an account with the U.S. Bank Altitude Go Secured Visa Credit Card, you’ll need a minimum security deposit of $300, and the maximum limit is set at $5000. Your credit limit will be based on various factors, such as your security deposit, income, and your proven capability to manage the assigned credit line. This approach encourages responsible credit usage and contributes to gradual enhancement of your financial standing over time.

Welcome bonus

In contrast to various credit cards that allure prospective cardholders with attractive welcome bonuses, sometimes totaling $1,200 or more, it’s crucial to emphasize that the U.S. Bank Altitude Go Secured Visa Credit Card does not provide any welcome bonus incentives.

Summary table

We have created a table summarizing all the features:

FeaturesU.S. Bank Altitude Go Secured Visa Credit Card
Fees$0
APR29.29% on balance for deferred payments
Cash BackUp to 4x point for each dollar.
Initial Deposit$300-$5,000
Welcome Bonus$0
U.S. Bank Altitude Go Secured Visa Credit Card summary table

Comparison with the Best Secured Credit Cards

We have conducted a comparison of U.S. Bank Altitude Go Secured Visa Credit Card with the best secured credit cards available for application in the United States:

Capital One Quicksilver Secured Credit Card Logo
  • Fees: $0
  • Cashback: 1.5%
  • Welcome bonus: $0
  • Credit Score: No
Discover it Cash Back
  • Fees: $0
  • Cashback: 1%-5%
  • Welcome bonus: up to $300
  • Credit Score: 690-850
  • Fees: 0
  • Cashback: No
  • Welcome bonus: No
  • Credit Score: No
Bank of America customized cash rewards secured credit card
  • Fees: 0
  • Cashback: Up to 3%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No
Opensky plus secured credit card
  • Fees: 0
  • Cashback: 0%
  • Initial deposit: $300
  • Welcome bonus: No
  • Credit Score: No
Bankamericard secured credit card
  • Fees: 0
  • Cashback: 0%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No
OpenSky secured credit card
  • Fees: $35
  • Cashback: 0%
  • Initial deposit: $200
  • Welcome bonus: No
  • Credit Score: No
Bank of america unlimited cash rewards secured
  • Fees: 0
  • Cashback: 1,5%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No
U.S. Bank Secured Visa credit card
  • Fees: 0
  • Cashback: 1,5%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No

Pros and cons

Here’s a table summarizing the pros and cons of the U.S. Bank Altitude Go Secured Visa Credit Card:

Advantages

AspectAdvantages
No Annual FeeThe card does not have an annual fee, offering potential cost savings.
Cash Back RewardsEarn cash back on various spending categories, enhancing rewards for purchases.
Streaming CreditEnjoy a $15 streaming credit for annual streaming service purchases like Netflix and Spotify®.
Additional BonusReceive a $15 streaming service credit after 11 months of streaming purchases.
Varied PointsEarn points at different rates for dining, groceries, gas, and other eligible purchases.
Responsible UsageThe card’s structure promotes responsible credit utilization and potential financial improvement.
Security DepositOpen an account with a security deposit of $300 to $5000, offering flexibility based on your needs.
U.S. Bank Altitude Go Secured Visa Credit Card advantages

Disadvantages

AspectDisadvantages
No Welcome BonusThe card does not offer any welcome bonus incentives for new cardholders.
Interest RateOpting to delay payments can result in a comparatively higher interest rate.
Limited RewardsThe card does not provide rewards like some other credit cards in the market.
Initial DepositA security deposit is required, which might be a consideration for some applicants.
No 0% Intro RateUnlike certain cards, there is no initial 0% interest rate offered.
U.S. Bank Altitude Go Secured Visa Credit Card disadvantages

Requirements

In order to qualify for the U.S. Bank Altitude Go Secured Visa Credit Card, you must meet the following minimum requirements:

  1. Reside in the United States: This card is exclusively available for individuals residing within the United States.
  2. Age Requirement: You need to be at least 18 years old to be eligible to apply for this credit card.
  3. Employment Verification: Providing evidence of your employment is essential to demonstrate your capability to responsibly manage the credit card.
  4. Social Security Number: A valid Social Security Number is required for identity verification and evaluating your credit history.
  5. Minimum Deposit: You’ll need to make a minimum deposit of $300.

Frequent questions

Now we’re here to address any questions you might have about the U.S. Bank Altitude Go Secured Visa Credit Card:

Conclusion and opinions

After the conducted analysis, our opinion is that the U.S. Bank Altitude Go Secured Visa Credit Card is one of the top secured credit cards you can apply for in the United States. This is due to its lack of annual maintenance fees, offering up to 4 points of cash back for every dollar spent, a minimum deposit requirement of $300 and a maximum of $5000, as well as the backing of U.S. Bank. The only downside is the absence of a welcome bonus.

Interesting information about U.S. Bank

We have created a table with relevant information about U.S. Bank:

InformationDescription
Websitehttps://www.usbank.com/
Facebookhttps://www.facebook.com/usbank/
Twitterhttps://twitter.com/usbank
Instagramhttps://www.instagram.com/usbank/
Interesting information about U.S. Bank

Other U.S. Bank products

We’ve also provided a list of all the U.S. Bank products we have analyzed:

To conclude, you have more related content about secured credit cards:

Updated the day 1 September, 2023 by Alfredo Barandiarán

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