Apply for the U.S. Bank Visa Platinum Card

The U.S. Bank Visa® Platinum Card is a credit card that focuses on providing financial flexibility, offering an introductory 0% APR on purchases and qualifying balance transfers for 18 billing cycles.

This makes it a compelling option for those who need to make large purchases or transfer high-interest debt without accruing extra interest.

With no annual fee, the card offers a low-cost way to manage your finances and avoid the high-interest rates associated with many other credit cards.

Reasons to Choose the U.S. Bank Visa Platinum Card

1. 0% Introductory APR for Purchases and Balance Transfers
   • The U.S. Bank Visa® Platinum Card offers one of the longest 0% introductory APR periods in the industry. This 0% APR on purchases and balance transfers is valid for 18 billing cycles, which can be a huge benefit for those who need to make large purchases or transfer existing debt. This long-term 0% APR feature can help cardholders avoid interest charges for almost a year and a half, giving them significant time to pay off balances without accruing any additional costs.
2. No Annual Fee
   • One of the most attractive aspects of the U.S. Bank Visa® Platinum Card is that it has a $0 annual fee. This means you won’t have to worry about paying for the privilege of using your card, unlike many other credit cards that charge an annual fee. This feature is particularly beneficial for those who are looking to minimize costs while still getting access to a robust set of benefits, like the introductory 0% APR and purchase protection.
3. Balance Transfer Flexibility
   • In addition to the 0% introductory APR on purchases, the U.S. Bank Visa® Platinum Card also offers the same 0% intro APR on qualifying balance transfers for 18 billing cycles. This is ideal for individuals who are looking to transfer higher-interest credit card debt to a card that won’t accrue interest for an extended period. The balance transfer option can help reduce your overall interest payments and provide more time to pay down your debt.
4. Purchase Protection and Fraud Protection
   • The U.S. Bank Visa® Platinum Card comes with purchase protection and fraud protection. Purchase protection helps cover new items purchased with the card if they are lost, stolen, or damaged, giving cardholders peace of mind when making big purchases. Fraud protection provides 24/7 monitoring to help detect unauthorized transactions and protect your account, ensuring that your financial information remains safe.
5. No Foreign Transaction Fees
   • The U.S. Bank Visa® Platinum Card does not charge foreign transaction fees, which is a great benefit for individuals who travel internationally. Many credit cards charge foreign transaction fees of up to 3%, which can add up quickly when spending abroad. With this card, you can make purchases overseas without incurring additional fees, making it an attractive option for travelers.
6. Exclusive Benefits
   • As a Visa® cardholder, you gain access to exclusive Visa Signature benefits. These include benefits such as concierge services, travel discounts, and other Visa Signature privileges that may vary depending on your location. While this card isn’t as rewards-rich as others, these exclusive benefits can enhance the overall value of the card, especially for those who value access to premium services.

Negative Factors of the U.S. Bank Visa Platinum Card

1. No Rewards Program
   • The U.S. Bank Visa® Platinum Card does not offer a rewards program such as cashback, points, or miles, which may be a significant drawback for people looking to earn rewards on their purchases. If you’re someone who values earning rewards while spending, there are other cards on the market that can provide better value in terms of cashback, points, or travel rewards.
2. High APR After Introductory Period
   • After the 18-month introductory period, the card’s APR for purchases and balance transfers will revert to a variable rate of 16.24% – 26.24%, based on your creditworthiness. This is considerably higher than the 0% APR offered during the introductory period and could result in significant interest charges if you still have a balance after the promotional period ends.
3. Balance Transfer Fee
   • While the card offers 0% APR on balance transfers, there is a balance transfer fee of 3% of the amount transferred (or $5, whichever is greater). This fee can add up quickly if you’re transferring a large balance, reducing the benefits of the 0% APR offer. It’s essential to account for this fee when deciding if a balance transfer is the right move for you.
4. No Sign-Up Bonus
   • Unlike many other credit cards, the U.S. Bank Visa® Platinum Card does not offer a sign-up bonus. This could be a downside for individuals looking to maximize their rewards right off the bat. While the 0% APR and no annual fee are attractive, the lack of a bonus may be a deterrent for those who want immediate value upon opening a new credit card.
5. Requires Good to Excellent Credit
   • To qualify for the U.S. Bank Visa® Platinum Card, you typically need good to excellent credit. This means that individuals with lower credit scores may have difficulty being approved. If your credit score is not high enough, you may want to consider other options that are more accessible to individuals with less-than-perfect credit.

What Are the Requirements to Apply for the U.S. Bank Visa Platinum Card?

To apply for the U.S. Bank Visa® Platinum Card, you must meet the following requirements:

1. Credit Score
   • Applicants typically need a good to excellent credit score, generally 700 or higher. Those with lower credit scores may still be approved, but they could face a higher APR or a lower credit limit.
2. Income
   • You must have a reliable source of income to demonstrate that you can make the necessary monthly payments. While no specific income amount is required, a stable income will increase your chances of being approved.
3. Age
   • You must be at least 18 years old and meet the age requirements in your state to apply for the card.
4. U.S. Residency
   • You must be a U.S. resident with a valid Social Security number or Individual Taxpayer Identification Number (ITIN) to apply for the card.
5. Credit History
   • U.S. Bank will assess your credit history, including your payment history, existing debt, and other factors. Having a good credit history with timely payments can help improve your chances of approval.

Fees and Costs

Here is a breakdown of the fees and costs associated with the U.S. Bank Visa® Platinum Card:

• Annual Fee: $0.
• APR: 0% introductory APR on purchases and balance transfers for 18 months (then 16.24% – 26.24% variable).
• Balance Transfer Fee: 3% of the transfer amount, or $5, whichever is greater.
• Cash Advance Fee: 5% of the amount, or $10, whichever is greater.
• Foreign Transaction Fee: $0.
• Late Payment Fee: Up to $40.
• Returned Payment Fee: Up to $40.

Frequently Asked Questions About the U.S. Bank Visa Platinum Card

1. How long is the introductory APR offer for balance transfers?
   • The card offers 0% introductory APR for 18 months on both purchases and balance transfers.
2. Is there a sign-up bonus for the U.S. Bank Visa® Platinum Card?
   • No, there is no sign-up bonus for this card.
3. What is the APR after the introductory period?
   • After the introductory 0% APR period ends, the APR will range from 16.24% to 26.24%, based on your creditworthiness.
4. Does the card offer rewards?
   • No, the U.S. Bank Visa® Platinum Card does not offer a rewards program.
5. Are there any foreign transaction fees?
   • No, there are no foreign transaction fees, which makes the card a good choice for international travel.