U.S. Bank Visa® Platinum Card

In-Depth Review: U.S. Bank Visa® Platinum Credit Card

The U.S. Bank Visa Platinum Card provides the low APR purchasing power you need to handle what life throws at you and save money at the same time. The card features one of the longest 0% APR periods available and more, all for no annual fee.

Who Can Benefit Most from the U.S. Bank Visa® Platinum Credit Card?

The U.S. Bank Visa® Platinum Credit Card is well-suited for a diverse range of individuals. This includes:

• Those working to pay off an existing credit card balance: The U.S. Bank Visa® Platinum Credit Card offers competitive interest rates and no annual fee, making it a cost-effective solution for reducing interest charges and paying off debt.
• Individuals new to credit: If you’re new to credit and looking for a straightforward credit card, the U.S. Bank Visa® Platinum Credit Card is a great option. It provides a simple and easy-to-understand credit card experience.
• Individuals seeking a low introductory APR offer: The U.S. Bank Visa® Platinum Credit Card offers a low introductory APR, making it an attractive choice for those who want to take advantage of this feature.

How to Get the Card

Can You Pre-Qualify Before Applying?

U.S. Bank does not offer an online pre-qualification or preapproval portal for potential applicants. The only way to obtain pre-approval for the U.S. Bank Platinum card is by receiving an offer in the mail. Unfortunately, this means that you cannot check your eligibility for the U.S. Bank Platinum card online. You will need to wait for an offer to be sent to you in the mail in order to proceed with the pre-approval process.

Credit Needed

The U.S. Bank Visa Platinum Card is designed for users with established credit. This means you’ll likely need a credit score in the good to excellent range. This means that individuals with a FICO score of 680 to 850, are likely to qualify for the U.S. Bank Visa Platinum Card

Application Process

The application process for the U.S. Bank Platinum Visa Card is straightforward, and comparable to the U.S. Bank credit cards. You’ll need to provide personal information, such as your name, address, and Social Security Number. You may also be asked to provide income and employment information. Upon approval, you can expect your new card in the mail within 7-to-10 business days.

Introductory APR Benefits

The U.S. Bank Platinum Visa Card offers two of the longest promotional interest periods available:

0% APR for 21 Months On Purchases

 New accounts can take advantage of 0% APR for 21 months on purchases. After the 21-month period, a competitive rate will apply, which varies based on your creditworthiness and the Prime Rate. This card is an excellent choice for financing significant purchases due to its broad reward categories.

0% APR for 21 Months On Balance Transfers

New accounts also enjoy a 0% intro APR for 21 months on balance transfers. To qualify for this financing bonus, you must transfer your existing balance within the first 60 days of opening an account. US Bank charges a balance transfer fee of either 3% of the transfer amount or a $5 minimum, whichever is greater.

U.S. Bank Benefits

The U.S. Bank Visa® Platinum Card provides a range of benefits provided by US Bank. These benefits include:

NortonLifeLock

ID Navigator Powered by NortonLifeLock provides cardholders with access to multiple tools designed to enhance their safety. These tools include Dark Web monitoring, stolen wallet assistance, data breach notifications, and more. To determine eligibility for this service, please visit www.cardbenefitidprotect.com.

Online and Mobile Access

You can conveniently manage your card using U.S. Bank’s online and mobile access service. This service provides cardholders with a variety of tools to effectively manage their cards and accounts.

Additionally, you have the option to add authorized users to your account, allowing you to easily share the benefits of your card with family members or friends. The service also offers access to financial education tools, empowering you to make informed financial decisions.

Moreover, you can link your card to popular mobile wallets like PayPal for seamless and convenient transactions. As an added bonus, upon free enrollment, you will have complimentary access to your FICO Score, enabling you to monitor your credit health effortlessly.

Visa Platinum® Benefits

Other features of the card include Visa benefits and protections, including:

Comparison

Here’s how the U.S. Bank Platinum Visa stacks up with the current longest 0% introductory APR credit cards from the leading banks:

What We Like About the Card

Lengthy Introductory APR

The U.S. Bank Visa® Platinum Card stands out for its lengthy introductory APR period on both purchases and balance transfers. With 21 months of no interest, it offers the longest promotional financing offer among major American banks.

This extended 0% APR period is perfect for reducing substantial credit card balances. Additionally, since the offer also applies to purchases, it provides the flexibility to pay off a major purchase instead of focusing solely on paying down another credit card’s balance.

Cell Phone Protection

Another of the great perks of the card is the inclusion of cell phone protection. Cardholders are provided with up to $600 in coverage for theft or damage when they use the card to pay their cell phone bill, with a maximum of $1,200 per year. With many issuers eliminating benefits such as cell phone protection, the addition of this perk to a no annual fee card with a lengthy introductory APR is an extra bonus.

Things to Consider

No Rewards

One complaint with the U.S. Bank Visa® Platinum Card is the lack of a rewards system, but this is a nitpick. Balance transfer credit cards tend to focus on a great rate instead of rewards, and here the Platinum Card excels. Anyone looking for rewards and a lengthy intro APR on purchases and transfers should consider options like the Chase Freedom Unlimited or the Citi Custom Cash℠ Card.

U.S. Bank Ratings

How does US Bank rate as a credit card issuer? Here is a selection of ratings for US Bank, from consumers and financial experts:

Should You Apply for the U.S. Bank Visa Platinum Card?

There are many very good balance transfer credit cards on the market, but there aren’t many cards better than the U.S. Bank Visa Platinum Card. 0% introductory APR for 21 months is tough to beat, as is the very competitive variable interest rate for those with excellent credit scores after the intro period closes. Other options also include the Citi
Simplicity and Citi® Diamond Preferred® Card. With the added benefit of no annual fee, this is a card that deserves a spot in your wallet.