The U.S. Bank Platinum has an introductory purchase APR of 0% for 20 billing cycles after account opening. Once this intro period expires, any remaining balance on the U.S. Bank Platinum will be subject to the regular APR of 17.49% - 27.49% (V).
Since the average 0% intro APR for new purchases lasts 12 months, the U.S. Bank Platinum offer is above average. The U.S. Bank Platinum also has a 0% intro APR for balance transfers, lasting 20 billing cycles. It is accompanied by a balance transfer fee of 3% (min $5).
It’s important to remember that even though you don’t pay interest during 0% APR periods, you still must make timely minimum payments each month. You should also consider paying more than the minimum, since you’ll want to pay off the credit card balance before the regular APR kicks in. For help planning your payments, try out WalletHub’s Credit Card Calculator.
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