Learn how to apply for the U.S. Bank Visa Platinum® Card
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Considering the U.S. Bank Visa Platinum® Card? Here’s What You Need to Know
When it comes to credit cards, each one serves a specific purpose based on your financial profile. While it’s unlikely to find a card that has all the advantages, the U.S. Bank Visa Platinum® Card is designed for individuals who need to pay down a balance.
One of the key features of this card is the introductory offer of 0% APR for 18 months on purchases and balance transfers made within the first 60 days. After that, the APR becomes variable, currently ranging from 18.24% to 28.24%.
If your primary goal is to reduce debt rather than earn rewards, the U.S. Bank Visa Platinum® Card can be a valuable tool. However, if you’re looking for a card that offers rewards, you’ll need to consider other options.
To qualify for the U.S. Bank Visa Platinum® Card, you’ll generally need a good credit score of at least 690. The bank will also evaluate your income, existing debts, and other relevant information during the application process.
How to Apply for the U.S. Bank Visa Platinum® Card
Applying for the U.S. Bank Visa Platinum® Card is quick and easy. You can complete the application process on U.S. Bank’s website by clicking on the “Apply Now” button. If you already have a login to the bank’s website, the process can be even faster.
Simply fill out the form and await the bank’s decision. In many cases, you can receive a response in as little as 60 seconds.
Is the U.S. Bank Visa Platinum® Card Worth It?
If you’re looking for a card that provides ample time to pay down balances or make large purchases without worrying about APR, the U.S. Bank Visa Platinum® Card could be a great fit. The 18 months of 0% introductory APR is a valuable benefit, and the card also has no annual fee.
Additionally, the U.S. Bank Visa Platinum® Card offers up to $600 in reimbursement if your cell phone is stolen or damaged, which can be a helpful perk.
However, if you’re interested in rewards or plan to make foreign transactions, this card may not be the best choice. The U.S. Bank Visa Platinum® Card charges a 2% foreign purchase transaction fee or 3% for transactions made in a foreign currency.
U.S. Bank Visa Platinum® Card vs Discover it® Cash Back Credit Card
While the U.S. Bank Visa Platinum® Card focuses on APR-related benefits and has no annual fee, the Discover it® Cash Back Credit Card is geared towards those who want to earn rewards.
The Discover it® Cash Back Credit Card typically requires a slightly higher credit score for approval, but it also comes with no annual fee.
Here are some key highlights of each card:
U.S. Bank Visa Platinum® Card pros:
- 0% intro APR for 18 billing cycles
- No annual fee
- Up to $600 cell phone protection
- Pay over time with U.S. Bank ExtendPay™ Plan
Discover it® Cash Back Credit Card pros:
- Earn 5% cash back on everyday purchases at different places each quarter
- Earn 1% cash back on all other purchases
- No annual fee
- $0 Fraud Liability Guarantee
- 100% U.S.-based customer service, available 24/7
Considering your financial goals and needs, carefully evaluate each card to determine which one aligns best with your situation.
