The best U.S. Bank Visa® Platinum Card promotion is an introductory APR of 0% for 18 billing cycles on purchases. Cardholders do not need to do anything specific to take advantage of this U.S. Bank Platinum promotion, as it applies automatically. There are a few other notable U.S. Bank Platinum promotions to take advantage of as well.
U.S. Bank Platinum Promotions for October 2022
An introductory APR of 0% for 18 billing cycles on purchases
An introductory APR of 0% for 18 billing cycles on balance transfers
Credit card promotions change often, so if you see something you’re particularly interested in, you should consider applying for the U.S. Bank Platinum to take advantage of the offer while it’s available. Another factor in your decision to apply should also be whether this card will continue to be worthwhile even after its limited-time promotions end.
The U.S. Bank Visa® Platinum Card credit score requirement is 700 or better. That means people with good credit or better have a shot at getting approved for the U.S. Bank Platinum.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the U.S. Bank Platinum, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the U.S. Bank Platinum credit score requirement. You can check your credit score for free on WalletHub.
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.
Some rewards credit cards give new cardholders extra points, miles, or cash back after they make their first purchase or spend above a certain amount within a specified period of time or for some other reason.
There is no rule that prohibits you from opening a credit card just to get its initial bonus and then cancelling it once you've met the conditions of the particular offer and have either received a check or traded your points/miles in for a free hotel night or plan ticket. Taking advantage of a lucrative initial bonus every once in a while is actually a great way to add to your savings or pay down existing debt, provided that you aren't forced to overspend in order to qualify and you aren't planning to take out a loan in the next six months or so. Each time you apply for a credit card, your credit standing takes a temporary hit, which could end up costing you much more than the initial bonus is worth via a worse interest than you'd normally qualify for.… read full answer
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