U.S. Bank Visa Platinum® Card full review
For individuals with an existing balance, the U.S. Bank Visa Platinum® Card presents an appealing introductory APR.
Key Features of the U.S. Bank Visa Platinum® Card
U.S. Bank Visa Platinum® Card is offered by U.S. Bancorp, the fifth largest banking institution in the United States. With 3,106 branches, U.S. Bank provides a wide range of banking and financial services to individuals, businesses, and institutions.
How Does the U.S. Bank Visa Platinum® Card Work?
The U.S. Bank Visa Platinum® Card offers an enticing benefit of a low intro APR for 18 billing cycles. But what does that mean?
Understanding APR on a Credit Card
APR, or Annual Percentage Rate, is the cost of borrowing on a credit card. It represents the interest rate you’ll pay if you carry a balance on your card. Many credit cards have different APRs for purchases, balance transfers, and cash advances.
Keep in mind that APR only applies if you have an outstanding balance on your card.
0% Intro APR
The U.S. Bank Visa Platinum® Card’s introductory offer means that for the first 60 days, both purchases and balance transfers will have no interest for 18 billing cycles. This feature is particularly advantageous if you need to finance large purchases and make payments without incurring credit card interest.
In addition to the 0% intro APR, the Visa Platinum® Card provides other valuable benefits. Let’s explore them below.
Benefits of the U.S. Bank Visa Platinum® Card
View Your Credit Score
Through the mobile app or online banking, you can conveniently check your credit score anytime. This service is free for U.S. Bank customers.
Auto Pay & Flexible Due Date
With automatic payments, you can avoid interest charges and late fees. Choose a payment due date that aligns with your schedule.
ID Navigator Powered by NortonLifeLock
Receive tools to stay informed about identity threats and protect your personal information.
Cell Phone Protection
If you pay your monthly cell phone bill with your U.S. Bank Visa Platinum® Card, you’ll be eligible for up to $600 reimbursement if your cell phone is stolen or damaged.
Additional Benefits
- No annual fee
- Divide large purchases into fixed monthly payments with U.S. Bank ExtendPay™ Plan
- Ongoing APR ranging from 18.24% to 28.24% (variable), which is slightly below average
Considerations of the U.S. Bank Visa Platinum® Card
While the U.S. Bank Visa Platinum® Card offers many advantages, it’s important to be aware of its limitations. This card does not have a rewards program, so if earning rewards is a priority for you, this may not be the right credit card.
Additionally, the U.S. Bank Visa Platinum® Card has a 3% foreign transaction fee (2% if the transaction is in U.S. dollars). This fee may impact your spending if you frequently use your card overseas.
How to Apply for the U.S. Bank Visa Platinum® Card
If the U.S. Bank Visa Platinum® Card appeals to you, it’s time to apply and start enjoying its benefits.
To be eligible for the U.S. Bank Visa Platinum® Card, you’ll need a FICO® score of 670 or higher. U.S. Bank will also consider your income and existing debts during the application process.
To apply for the U.S. Bank Visa Platinum® Card, click the green button below.
