U.S. Bank Visa® Platinum Card

Bankrate Score
Learn about the Bankrate score

Good for its intro APR offer, but this is a plain vanilla card otherwise.

Advertiser Disclosure: This post contains references to products from one or more of our advertising partners.

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 11.99% to 23.99% 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.

Review

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.

Advantages
  • There’s a lengthy introductory 0% APR offer on purchases and balance transfers (then a variable APR of 11.99% to 23.99% applies)
  • This card offers cell phone insurance, a feature not found in most other cards.
Disadvantages
  • The balance transfer fee of 3% can eat away at your savings.
  • You need excellent credit to apply for this card, which may not be attainable for some.

Fees and APR

  • Enjoy an introductory 0% APR on purchases and balance transfers for 20 billing cycles. After that, the standard variable APR of 11.99% to 23.99% 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.
  • Rates and Fees 

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.

How this card compares

Barclaycard Ring® Mastercard®
  • Enjoy a 0% intro APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable 13.99% APR will apply
  • Low 13.99% variable APR on purchases and cash advances
  • No annual fee
  • No foreign transaction fees
  • International Chip and PIN
Credit Needed

Good/Excellent

Regular APR

13.99% Variable

Annual Fee

$0

Purchase Intro APR

N/A

Balance Transfers Intro APR

See Terms

The Barclaycard Ring Mastercard is consistently one of the best credit cards for a low regular APR. If you need to carry a balance on your card (which we don’t recommend), this is an okay low interest option.

Chase Slate®
  • $0 Intro balance transfer fee for the first 60 days your account is open. After that, the fee for future transactions is 5% of the amount transferred with a minimum of $5.
  • 0% Intro APR for 15 months on purchases and balance transfers. After that, 16.49% - 25.24% variable APR.
  • See monthly updates to your FICO® Score and the reasons behind your score for free
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

Credit Needed

Excellent/Good

Regular APR

0% Intro APR for the first 15 billing cycles that your Account is open. After that, 16.24% to 24.99%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

Annual Fee

No Annual Fee.

Balance Transfers Intro APR

0% Intro APR for the first 15 billing cycles that your Account is open. After that, 16.24% to 24.99%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

If you can make your balance transfer within the first 60 days of opening a Chase Slate account, you can shift your debt to this card for free, which could help you save money and ultimately pay off your bill faster.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.