U.S. Bank Visa® Platinum Card
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The U.S. Bank Visa Platinum Card has two features that might make a fit for some: a 0% APR offer on purchases and balance transfers for 20 billing cycles (then 11.74% to 23.74% variable APR applies) and no penalty APR for late or missed payments. This could make the card a good fit for someone who typically carries a balance and may occasionally have an issue making a payment on time. For balance transfers, a 20 month 0% intro APR offer is one of the best offers on the market.
Although the 0% APR offer on purchases and balance transfers for 20 billing cycles is a nice perk, is it enough to warrant getting this card? Maybe not. What makes the U.S. Bank Visa Platinum Card’s interest-free offer less attractive is the 3% balance transfer fee tacked on to it. There are a handful of other cards that will let you transfer a balance interest-free without a transfer fee.
The U.S. Bank Visa Platinum Card is not a card you should get solely for the introductory 0% APR offer, but for the complete package of what it has versus cards with a similar profile. For example, you may find that its lack of an annual fee and the $600 worth of cell phone insurance you get (less a $25 deductible) if you pay the bill using this card might make this more appealing than others in its class.
Who should get this card
Someone who is interested in a 0% interest offer for purchases and balance transfers, a no annual fee card and cell phone insurance may find this card appealing.
Fees and APR
- Enjoy an introductory 0% APR on purchases and balance transfers for 20 billing cycles. After that, the standard variable APR of 11.74% to 23.74% applies.
- Balance transfer fee is $5 or 3% of the amount transferred, whichever is higher.
- Pay no annual fee.
- Foreign purchases made in U.S. dollars will be assessed a 2% transaction fee. Purchases made using foreign currencies will be assessed a 3% transaction fee.
- Late payments won’t affect your APR but you may be charged a fee of up to $38.
Extras, perks and using points
Get up to $600 cell phone insurance against covered damage or theft when you pay the monthly bill using the U.S. Bank Platinum card. Certain terms, conditions, and exclusions apply.
There are no points or rewards with this card.