Stratus Rewards Visa card by U.S. Bank

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Mogul of Pineapples
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Stratus Rewards Visa card by U.S. Bank

Postby Mogul of Pineapples » Mon Jun 23, 2008 8:18 pm

Stratus Rewards Visa is another exclusive credit card by invitation only or referred by a current member. It's known as the "white card" and has a $1,500 annual fee. You can redeem reward points for gift bags and private jet travel.
You need $200,000 spending for each free hour of flying on a 7 passenger Citation Ultra. They do allow you to pool points with other cardmembers that are your friends and family and combine them for use together.

I'm far too poor for any card like this but if I wasn't the private jet part would be nice.
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fffresh
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Postby fffresh » Tue Jun 24, 2008 7:17 pm

I really don't see what qualifies this card for a $1500 annual fee. Private jets? Big deal. You can buy jets, hookers, or whatever you want if you take your 1% cash rewards and buy it yourself. Unless this card gives some massive discount on the jet I don't see how it would even benefit the rich people that have it!

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Stratus Rewards "The White Credit Card" more info...

Postby Mogul of Pineapples » Tue Aug 12, 2008 3:50 am

Yes I don't really understand what justifies the annual fee in the Stratus Rewards Visa card either. They probably just made it high to give the illusion of being ultra premium, even though there's really nothing super special about this credit card. U.S. Bank claims the Stratus is by invite only. Honestly most of the so called special rewards I saw them offer were things that would not interest me the least bit... cigars and some other snobby things. Wine tasting events at Spago Restaurant or freebies from Brook Brothers are not free bonuses I would be interested in at all. If someone really needed concierge they could go with an American Express Platinum and pay a third of the price.

This so called "white credit card" doesn't impress me at all and to me it seems almost like they're trying to hard to make it appear premium.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred


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Cucumber
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Postby Cucumber » Tue Aug 12, 2008 4:03 pm

What I don't get about 'the white card' or 'the black card' or any other premium credit card is why do most people even bother? The rewards work out to be the same and like you siad if you are only getting it for the concierge there's other cards that offer it much cheaper. I'm sure the Visa Stratus Rewards card gives great customer service and all but even if you have the money do you really want to pay $1500 for it? I'm sure Amex or Diners Club give equal service for only a few hundred a year instead of thousands.

What's with their rewards on this card only being 1%? If I was paying $1500 a year just to have the Stratus card I would expect at least 1.5% rewards. If I only wanted 1% almost any credit card on the market today offers that!
OBAMA
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Mogul of Pineapples
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The Visa Stratus Rewards is starting to sound shady

Postby Mogul of Pineapples » Sun Aug 24, 2008 5:51 pm

I read that U.S. Bank allegedly sold off the Stratus credit card in 2006 and even though they still issue the cards, the portfolio of cardmembers is owned by someone else. This allegedly means US Bank may do the billing, but the marketing and rewards for Stratus are all done by some other mysterious company we know nothing about.

The annual fee is withdrawn from your checking account electronically and the company pulling the money is listed as some other corporation instead of US Bank. The official website for the card appears to have not been updated for over 3 years.

Also Stratus Rewards (which is the name of the company that apparently owns/operates the cards) got an "F" rating from the Better Business Bureau:
Company Report

Talk is they have tried to re-vamp their rewards program by offering high-end luxury cards for reward points. But if it's only 1% in rewards what's the point of that because just about any credit card gives that type of rewards. You might as well use your free credit cards and use the cashback to buy cars, clothes, chartered jets, or whatever else it is that your income allows.

This all sounds pretty sketchy to me. Even if I had the $1500 to waste I would never spend it on the Stratus card.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

KC95
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Stratus Is Stupid!!

Postby KC95 » Tue Aug 26, 2008 1:14 am

what a pointless concept. let's see i'll go pay $1,500 PER YEAR for a card that gives me 1% in rewards just so i can have a credit card that makes me look important. WAKE UP PEOPLE the reason you get this card isn't for functionality, you get it to feel superior to other people.

whatever void you're trying to fill some stupid piece of plastic is not going to fill it i can guarantee you that!

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Postby fffresh » Thu Sep 18, 2008 9:03 pm

Yes and when I looked at the Stratus Rewards website they said it takes an average of 200,000 points, $200,000 in spending, to rake up enough for each hour of flight time on a Citation Ultra. First of all the Citation Ultra is not that nice of a jet and my income is not anywhere near enough to charter jets myself but I know people that do and you can get a lot more bang for your buck if you paid with the cashback you earned on a regular credit card. It's no wonder they say you need to pool your rewards with friends because they're overcharging you so much on the jet charter. Simple math of 1% cashback shows that's overpriced. That 200k figure was from 2006 and I'm sure that with the increase in fuel prices it's much more now.

The other way to use the rewards Stratus mentioned was they will donate it to a handful of philantrophic organizations. Who is taking the tax write-off for those donations then? Probably Stratus. You're far better off making a donation directly using your cashback on a credit card because than you get the write-off.

This card does not look like good news and that BBB report is frightening. I imagine the Stratus Visa will go defunct in future, sooner rather than later.


hans809
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Postby hans809 » Sun Sep 21, 2008 2:57 am

Wait is the Stratus Rewards the same as the Visa White card that I have heard about? I think they were talking about it on E! and said the welcome kit comes with Cartier and Armani freebies.

They said the White Card is going to blow the Black Card out of the water!

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Postby hans809 » Fri Jan 02, 2009 8:25 pm

Why can't I find more on this are they still offering it?



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