- No membership fees
- 0% intro APR on purchases
- 0% intro APR on balance transfers
- Reports to the three major credit bureaus
- No rewards
- No rewards bonus
- Balance transfer fee
- Foreign fee
U.S. Bank Visa Platinum Card Review Summary
The U.S. Bank Visa® Platinum Card is a very good credit card for saving money on interest, worthwhile for anyone with good credit or better who could use a 0% introductory APR for an extended period on new purchases or balance transfers. U.S. Bank Platinum also has a $0 annual fee.
Transferring a balance triggers a fee of 3% (min $5), though. Plus, any balance remaining when the card’s introductory purchase and balance transfer APRs end will start accruing interest at the card’s regular APR of 15.99% - 25.99% (V).
The other main drawback to this offer is that you won’t earn rewards on purchases, but you can use a different credit card for purchases that you can afford to pay off monthly. Interest isn’t a concern if you don’t carry a balance from month to month.
Transfer Fee: 3% (min $5)
- Limited Time Offer!
- 0% Intro APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR currently 15.99%-25.99%.
- Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your U.S.Bank Visa® Platinum Credit Card. Certain terms, conditions, and exclusions apply.
- Choose a payment due date that fits your schedule
- No Annual Fee
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
- Terms and conditions apply.
- More Details & Reviews About U.S. Bank Visa® Platinum Card
U.S. Bank Visa Platinum Card Highlights
0% for 20 billing cycles on purchases
The U.S. Bank Visa® Platinum Card offers 0% for 20 billing cycles, followed by a regular APR of 15.99% - 25.99% (V). This could save you a bundle on interest.
For example, if you buy something for $10,000 and pay it off with monthly payments of $500, you won’t waste any money on interest if you use U.S. Bank Platinum. But if you use a card with a 20% APR, you’d rack up around $2,300 in interest charges.
For context, the average card with a low introductory purchase APR is interest-free for just 12 months.
0% for 20 billing cycles on balance transfers
The card’s introductory interest-free offer also applies to balances transferred from other issuers’ credit cards. New cardholders enjoy 0% for 20 billing cycles. You can use WalletHub’s balance transfer calculator to see how much you could save.
$0 annual fee
The best 0% credit cards typically have $0 annual fees, and U.S. Bank Platinum is no different. The average credit card offer, on the other hand, costs about $22 per year.
Up to $600 in cell phone protection
If you pay your monthly phone bill with the U.S. Bank Visa Platinum Card, you will be covered against damage and theft up to $600. You just need to pay a $25 deductible.
U.S. Bank Visa Platinum Card Lowlights
The U.S. Bank Visa Platinum Card does not reward cardholders with points, miles or cash back on purchases. That’s not uncommon for low interest credit cards, though. It doesn’t have to cost you, either. Just make sure you have a rewards card to use for purchases that you’ll be able to pay off by the due date every month.
15.99% - 25.99% (V) APR
Depending on your overall creditworthiness, the U.S. Bank Platinum Card’s regular APR could be anywhere from 15.99% to 25.99% (V). This rate applies when the card’s low-interest introductory offer concludes.
You don’t want to subject much of a balance, if any, to the regular APR. It’s higher than the average charged by credit cards for people with excellent credit, and it will quickly erode your initial savings.
Other Things to Consider About the U.S. Bank Visa Platinum Card
3% (min $5) balance transfer fee
This card wasn’t really designed for travel, but its foreign transaction fee could come into play if you’re making online purchases through foreign merchants. There are plenty of credit cards with no foreign transaction fees, though few of them have elite 0% introductory APR offers.
Choose your due date
After you’re approved for an account, you can call the number on the back of your card to select a date that works best for your cash flow.
700 credit score recommended
The U.S. Bank Platinum credit score requirement is good credit or better. That means you need a credit score of 700 or higher for good approval odds. You can check your credit score for free on WalletHub.
U.S. Bank Visa Platinum Card vs. The Competition
U.S. Bank Visa® Platinum Card
Wells Fargo Reflect℠ Card
Chase Freedom Unlimited®
|Rewards Rate||N/A||N/A||1.5 - 5% Cash Back|
|Purchase Intro APR||0% for 20 billing cycles||0% for up to 21 months from account opening||0% for 15 months|
|Transfer Intro APR||0% for 20 billing cycles|
Transfer Fee: 3% (min $5)
|0% for up to 21 months from account opening on qualifying balance transfers|
Transfer Fee: 3% intro for 120 days, then up to 5% (min $5)
|0% for 15 months|
Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after)
|Regular APR||15.99% - 25.99% (V)||14.49% - 26.49% Variable||15.74% - 24.49% (V)|
|Details, Rates & Fees||Learn More|
Rates & Fees
Rates & Fees