The U.S. Bank Platinum annual fee is $0 per year. U.S. Bank Platinum’s $0 annual fee is lower than the average annual fee among new credit card offers right now. It’s not the only fee you need to worry about with the U.S. Bank Visa® Platinum Card, though.
One of the easiest U.S. Bank credit card you can get is the U.S. Bank Secured Visa® Card. This card is available to applicants with bad credit and requires a minimum deposit of $300 to open the account. The deposit will act as your credit limit.
The starting credit limit for the U.S. Bank Platinum card will be based on your creditworthiness once your application has been approved. However, there's no surefire way of knowing your credit limit beforehand as U.S. Bank does not disclose this information on their website.
Here’s what you should know about the U.S. Bank Platinum credit limit:… read full answer
There's no surefire way of knowing your U.S. Bank Platinum credit limit before applying and getting approved.
When determining credit limits, factors such as your credit score, debt-to-income ratio, and repayment history will play a significant role.
If you are not happy with the U.S. Bank Platinum credit limit you have received, you may request an increase after you’ve had the card for at least 6 months. However, there’s no guarantee you’ll be approved.
U.S. Bank may also automatically consider you for a higher credit limit if your account is in good standing for at least 6 months and your income information is up to date.
It is worth noting that when you request a U.S. Bank Platinum credit limit increase, U.S. Bank will conduct a hard pull of your credit report, which will cause a short-term dip in your credit score. The issuer cannot do a hard pull without your permission, though.
The best U.S. Bank credit cards require a 750 credit score or higher for good approval odds. Most U.S. Bank’s co-branded credit cards require good credit, or a credit score of at least 700. In other words, most U.S. Bank credit cards are for people with good credit or excellent credit, but there are options for applicants with lower scores, too.… read full answer
U.S. Bank Minimum Credit Score Requirements by Card:
Meeting the U.S. Bank credit score requirements does not guarantee your approval for a U.S. Bank credit card. Your income, debt, credit history, and any recent inquiries on your credit report are all considered before you’re approved for a U.S. Bank credit card.
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