WorldPerks Visa Signature Card
issued by U.S. Bank |
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Overall Rating
Benefit Rating
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Apply online for this card or
read on for a full review of all the features.
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 In-Depth Credit Card Review |
This online card application is intended for residents of the United States only. For other country options, please refer to the right hand menu bar.
The WorldPerks® Visa® Signature Card, issued by U.S. Bank, is ideal for those with excellent credit who travel regularly with Northwest Airlines® or any of their airline partners.
Through the rewards program, cardholders earn two miles for each dollar spent through Northwest Airlines® and one mile for each dollar spent on all other purchases. Up to five miles per dollar can also be earned at participating restaurants. Upon approval, up to 20,000 bonus miles are applied to the account. Earned miles can be redeemed for free travel with Northwest Airlines® or any of their partners. Although miles do not expire, there are some mileage restrictions. For instance, those who spend more than $80,000 in any calendar year or over $10,000 per billing cycle will be limited to one mile for every two dollars spent over that amount.
However, those who elect to have their credit card bill automatically paid in full each month (or are members of Northwest® WorldPerks® Platinum Elite, Gold Elite, or Silver Elite) will be exempt from all reward limitations.
Although the $90 annual fee is slightly high and the interest rate for purchases is above average for a reward card, the signature card has no pre-set spending limit. It is important to understand that the APRs for all transactions are tied to the highest Prime Rate during a three-month period. Due to this policy, the APRs may never reach the lowest possible interest rates. Cardholders should also be aware that the signature version of this card does not allow balance transfers.
In addition to the rewards program, cardholders can expect common signature card benefits offered by U.S. Bank, such as a personal concierge service, travel accident insurance, auto rental insurance, purchase protection services, and online account access. Nevertheless, this card has fewer benefits compared to other signature cards.
Therefore, those who can afford to pay in full each month (to avoid finance charges), plan to sign up for the auto-payment option (to avoid reward limitations), and will be able to earn a free ticket or other travel-related service within a two-year period (due to the high annual fee) will benefit most from what the WorldPerks® Visa® Signature Card has to offer.
Most Attractive Feature: Miles earned can be used with various airline partners; miles do not expire; no pre-set spending limit.
Least Attractive Feature: APR based on highest Prime Rate during a 90-day period; miles reduced by 50% after $80,000 in annual spending (not applicable to all members).
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Note: The review of this U.S. Bank card was updated on 06/26/2008 and is believed to be accurate during the update,
however, information posted may have since changed. We strongly suggest that you carefully read the Terms and
Conditions statement that accompanies the credit card application
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| Key Card Information |
| Miscellaneous Rates and Terms |
| Credit Limits: | See Important Notations (Maximum) / See Important Notations (Minimum) |
| Purchases APR: | 15.00% | | Cash Advance APR: | 21.24% | | Finance Config: | Average Daily Balance (including new purchases) | | Grace Period: | 20 - 25 Days | | Fees Associated with this Card |
| Annual Fee: | $90 |
| Add. Cardholders: | $0 |
| Late Payment Fee: | $24 on balances up to $499.99; $39 on balances of $500 or more |
| Over-the-Limit Fee: | None | | Cash Advance Fee: | 3%, $5 minimum (4%, $10 minimum for cash equivalent transactions) |
| Balance Transfers: | 3%, $5 minimum |
| The Rewards Program Highlights |
| Optional Reward: | No |
| Miles Per Dollar: | 1 Mile |
| Additional Miles: | Up to 5 miles per dollar spent at select restaurants. Double miles on purchases made through Northwest Airlines®. |
| | Miles earned can be redeemed for travel on Northwest Airlines®, KLM Royal Dutch Airlines®, Continental Airlines®, Alaska Airlines® and others. |
| Miles Compatible with Frequent Flyer Program: | Yes |
| Yearly Limit: | None (1 mile is awarded for every $2 spent if purchases exceed $80,000 per year or $10,000 per billing cycle.) |
| Bonus Approval: | 20,000 Miles |
| Additional Highlights of Interest |
Special Card Benefits and Features
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Various Internet account related services.
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Up to $1,000,000 in travel accident insurance.
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Auto rental insurance.
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Extended warranty for purchases.
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Purchase protection.
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Various travel and emergency assistance services.
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Personal concierge service.
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Lost luggage insurance.
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Roadside assistance.
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Guaranteed airport parking.
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Discounts on products and services at participating merchants and retailers.
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See website for additional benefits.
Important Notes Regarding This Offer
The APR is based on the highest Prime Rate during a 90-day period.
The card has no pre-set spending limit; however, purchases are approved based on credit record, account history, and personal resources.
Northwest® WorldPerks® Platinum Elite, Gold Elite, Silver Elite members and WorldPerks® Visa® customers who select the full payment option (AutoPay) are exempt from all award limitations on miles earned.
See website for complete terms and conditions of card usage and application disclosure. |
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