U.S. Bank Visa Platinum Card Review

The U.S. Bank Visa Platinum Card does not offer rewards.

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.

U.S. Bank Platinum Fees

• Annual Fee: $0
• Cash Advance Fee: 5% (min $10)
• Foreign Fee: 3%
• Balance Transfer Fee: 3% (min $5)
• Max Late Fee: $41

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:

• 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.

However, if U.S. Bank decides to grant you an automatic credit limit increase, this will involve a soft pull, which does not affect your credit score.

To check your U.S. Bank Platinum balance, log in to your U.S. Bank account online or call credit card customer service at 1-800-285-8585. It's also possible to check your U.S. Bank Platinum balance through the U.S. Bank app or by texting BAL to 872265.

How to Check Your U.S. Bank Platinum Balance

• Online: Log in to your U.S. Bank account to see your U.S. Bank Platinum card's balance.
• By Phone: Call 1-800-285-8585 and follow the prompts to have the automated system read your current balance.
• By App: Log in to the U.S. Bank app. Your credit card balance will be shown on the home screen.
• By Text Message: Text “BAL” to 872265. If you haven't already, you'll need to log in to the U.S. Bank website and enroll in text banking for this to work.

It's a good idea to keep an eye on your U.S. Bank Platinum balance. If your balance seems higher than it should be, take a moment to look over your recent transactions for anything out of the ordinary.

You can transfer a personal loan to your U.S. Bank Platinum card by doing a balance transfer. You can request one online by signing in to your account or by calling 1-800-285-8585.

The U.S. Bank Platinum card has a transfer intro APR of 0% for 18 billing cycles for balances transferred within 60 days of account opening.

Otherwise, you may receive a promotional rate offer code in the mail which you can use to transfer any balances. Without a promotional offer, transferring a balance will have an APR of 19.49% - 29.49% (V).

Keep in mind that the U.S. Bank Platinum has a balance transfer fee of 3% (min $5), and the maximum transferable amount cannot be greater than 95% of your credit limit.

The U.S. Bank Platinum features a regular variable APR between 19.49% - 29.49% (V) which is set based on your creditworthiness when you open your account. The U.S. Bank Visa® Platinum Card also features an introductory purchase APR of 0% for 18 billing cycles and an introductory balance transfer APR of 0% for 18 billing cycles.

The U.S. Bank Visa Platinum has a 0% for 18 billing cycles on balance transfers right now. The balance transfer fee is 3% (min $5).

The U.S. Bank Platinum has an introductory purchase APR of 0% for 18 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 19.49% - 29.49% (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 18 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.

The credit score you need for the U.S. Bank Platinum card is 700 or better. That means people with at least good credit have a shot at getting approved for this card.

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.

Since all these criteria are taken into consideration, you might be able to get approved with a slightly lower credit score. 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.

Yes, it is hard to get the U.S. Bank Visa® Platinum Card because it requires at least good credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be difficult for you to get approved for the U.S. Bank Platinum.

In order to get the U.S. Bank Platinum, you will have to meet the credit score requirement, have a steady income and be at least 18 years old. You'll also need to have an SSN or ITIN.

Keep in mind that even if you meet all of the requirements for the U.S. Bank Platinum, you're never guaranteed to be approved.