In addition to that, the card comes with a lengthy intro APR for balance transfers (0% for 18 billing cycles). Just be sure not to charge more than you can pay off in the introductory period, as the ongoing APR can be high - 19.24% - 29.24% (V).
Please note that you cannot transfer balances between two U.S. Bank accounts and the transfer amount plus the fee can’t exceed your available credit.
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 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.
The U.S, Bank Platinum balance transfer limit depends on your credit limit. More specifically, you can transfer balances up to 95% of your total credit limit to your U.S. Bank Platinum Visa credit card. This maximum helps you avoid going over your credit limit due to pending transactions or transfer fees. ... read full answer
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