Yes, the U.S. Bank Visa® Platinum Card does have a late fee of up to $40, which applies when cardholders don’t make the minimum payment by the due date. The late fee for the U.S. Bank Platinum can never exceed the minimum payment amount, though, thanks to the CARD Act of 2009.
If you accidentally make less than the required minimum payment or you miss your U.S. Bank Platinum due date entirely, you can always ask customer service to waive the late fee by calling 800-285-8585. This is much more likely to work if you have a great payment history with U.S. Bank, but even if not, there’s no harm in asking.
To avoid getting hit with late fees in the future, make sure to pay at least your minimum required payment each month. The best way to ensure that you never miss a payment is by setting up autopay.
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.
The U.S. Bank credit card interest rate is 16.99% (V) to 28.99% (V), depending on an applicant’s creditworthiness and the card they’re applying for.
Some U.S. Bank cards may also offer new cardholders introductory 0% interest rates on purchases or balance transfers for a set number of months. After a card’s intro rate expires, the regular … read full answerinterest rate applies to any remaining balance.
The regular rates on U.S. Bank credit cards are variable, meaning they can change based on certain economic conditions. U.S. Bank credit cards also come with a separate interest rate for cash advances and a penalty rate for delinquent payments.
You can get a U.S. Bank credit limit increase by making a request online, through the mobile app, or over the phone at (800) 285-8585. But you might also get a U.S. Bank credit limit increase without even asking. U.S. Bank may offer an automatic credit limit increase if its regular reviews of your account show a history of on-time payments and low debt.… read full answer
To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income U.S. Bank has on file. U.S. Bank will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.
How to Get a U.S. Bank Credit Limit Increase
Online:Log in to your online account and choose the U.S. Bank card for which you're requesting the increase (if you have more than one card). After that, click "Self Service", and then "Request Credit Limit Increase". Then, enter your annual income and the other financial information and follow the on-screen instructions to complete the request.
Through the mobile app: Download the app (for Android or iOS) and then log in to your account. After that, tap on “Manage Cards” from the main menu and select the “Request Credit Limit” option. Then, provide all the information requested, check if the info is correct, and select “Submit my request”.
Over the phone: Call (800) 285-8585 and enter your card number or your Social Security Number. Then, follow the prompts to get connected to a customer service representative.
You should receive a decision in just a few seconds. If you're approved for a U.S. Bank credit limit increase, the new limit will be effective immediately.
Impact of a U.S. Bank Credit Limit Increase on Your Credit Score
When you request a U.S. Bank credit limit increase, U.S. Bank may conduct a hard pull of your credit report, which will cause a short-term dip in your credit score. U.S. Bank cannot do a hard pull without your permission, though.
It is worth noting that an automatic credit limit increase involves a soft pull, which does not affect your credit score.
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