Learn how to apply for the U.S. Bank Visa Platinum® Card
I’m interested in the U.S. Bank Visa Platinum® Card. What should I do?
Every credit card fits some kind of purpose, that is, it serves a certain financial profile.
You are unlikely to find a credit card that has all sorts of advantages that a card can have — or you would actually pay a lot for it.
With the U.S. Bank Visa Platinum® Card, this is no different. The main need that the Visa Platinum® Card aims to meet is for people who need to pay down a balance.
As long as your transfers are within the first 60 days, both purchases and balance transfers are shielded from interest for 18 billing cycles. After that the APR is variable, currently 18,24% to 28,24%.
Thus, this card can be an opportunity for cardholders to focus on reducing their debt, instead of adding to it to earn rewards. In order to get rewards you will have to look for another credit card.
So, if your current financial situation is that you need time to pay down a big purchase or a credit card debt, you’ll like Visa Platinum’s introductory offer of 0% APR for 18 months.
Who can apply for the U.S. Bank Visa Platinum® Card?
You’ll need at least good credit to qualify for the U.S. Bank Visa® Platinum Card. Nevertheless, this will not be the only criterion adopted by the bank to evaluate your application.
The bank will also check your income, existing debts, and other information that the bank deems relevant.
To put it in numbers, you will probably need a credit score of at least 690 to have a chance of getting your U.S. Bank Visa Platinum® Card.
So, if you have the required credit score and are interested in the intro APR offer, what are you waiting for?
How to apply for the U.S. Bank Visa Platinum® Card?
Applying for your U.S. Bank Visa Platinum® Card is fast and easy. You may get a decision in as little as 60 seconds.
You will apply on U.S. Bank’s website by clicking on “Apply Now”. The process will be faster if you have a login to the bank’s website.
The process is standard: fill out a form and wait for the bank’s answer.
Is it worth applying for the U.S. Bank Visa Platinum® Card?
If you’re looking for a card that offers a generous amount of time to pay down a balance or a new purchase, the U.S. Bank Visa® Platinum Card could be a fit.
The initial 18 months without having to worry about the APR is a great advantage of this card. But that’s not all, the U.S. Bank Visa Platinum® Card is a credit card with a $0 annual fee.
The $600 reimbursement if your cell phone is stolen or damaged is a nice treat too.
This card may not appeal to you if you are thinking about rewards or spending abroad, because in the latter case there is a 2% of each foreign purchase transaction or 3% if the transaction is in a foreign currency.
U.S. Bank Visa Platinum® Card vs Discover it® Cash Back Credit Card
While U.S. Bank Visa Platinum® Card offers great APR-related benefits at $0 annual fee, the Discover it® Cash Back Credit Card, as its name indicates, caters to those consumers who are looking for rewards.
For the Discover it® Cash Back Credit Card, you will probably need a slightly higher credit score.
In common, the two cards have a $0 annual fee.
So here are some of the strengths of each card briefly:
U.S. Bank Visa Platinum® Card pros:
- 0% intro APR for 18 billing cycles.
- No annual fee.
- Up to $600 cell phone protection.
- Pay over time with U.S. Bank ExtendPay™ Plan.
Discover it® Cash Back Credit Card pros:
- Earn 5% cash back on everyday purchases at different places each quarter.
- Earn 1% cash back on all other purchases.
- No annual fee.
- $0 Fraud Liability Guarantee.
- 100% U.S.-based customer service, available 24/7.