U.S. Bank Visa Platinum® Card full review

The U.S. Bank Visa Platinum® Card offers a very attractive introductory APR for those carrying an outstanding balance.

What do I need to know about the U.S. Bank Visa Platinum® Card?

U.S. Bancorp (stylized as us bancorp) is an American bank holding company based in Minneapolis, Minnesota.

It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States.

The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions.

It has 3,106 branches and it is considered a systemically important bank by the Financial Stability Board.

The U.S. Bank National Association is the creditor and issuer of the Visa Platinum® Card, pursuant to a license from Visa U.S.A. Inc.. The Visa Platinum® Card is available to United States residents only.

How does the U.S. Bank Visa Platinum® Card work?

So, when you start using your U.S. Bank Visa Platinum® Card you get the very attractive benefit of a low intro APR for 18 billing cycles. But what does that mean?

What Is APR on a Credit Card?

Put simply, APR is the cost of borrowing on a credit card. It refers to the yearly interest rate you’ll pay if you carry a balance.

Credit card users should be aware that credit cards often have a number of APRs. For example, you may have one APR for purchases, a different APR for balance transfers, and another for cash advances.

Remember, though, that APR is only applied if you are carrying an outstanding balance on your card.

0% Intro APR

So, back to the initial Visa Platinum® Card offer, it means that as long as your transfers are within the first 60 days, both purchases and balance transfers are shielded from interest for 18 billing cycles. Cool, right?

This feature is very useful if you need to finance costly purchases and make payments on them. With the U.S. Bank Visa Platinum® Card, you’ll have plenty of time to do that without paying credit card interest.

In addition, you’ll enjoy other great benefits with the Visa Platinum® Card. Let’s take a look at them below.

U.S. Bank Visa Platinum® Card benefits

Your credit score

View your credit score anytime, anywhere in the mobile app or online banking. It’s easy to enroll, easy to use and free to U.S. Bank customers.

Auto pay & due date choice

Avoid interest and late fees with automatic payments that put you in control. Pick a payment due date that works for your schedule.

ID Navigator Powered by NortonLifeLock

Get tools to help keep you informed of threats that may affect your identity.

Cell phone protection

Get up to $600 reimbursement if your cell phone is stolen or damaged when you pay your monthly cell phone with your card.

Other benefits

  • There is no annual fee on your U.S. Bank Visa Platinum® Card.
  • You will be abel to divide large purchases into fixed monthly payments with U.S. Bank ExtendPay™ Plan.
  • Ongoing 18.24 percent to 28.24 percent (variable) APR is slightly below average.

What would be one of the drawbacks of the U.S. Bank Visa Platinum® Card?

No rewards programs: Visa Platinum® Card does not have a rewards policy. So if that is what you are looking for, this is not the right credit card for you.

Another negative aspect of this card that can be mentioned is its 3 percent foreign transaction fee (2 percent if transaction abroad is in U.S. dollars).

How to apply for the U.S. Bank Visa Platinum® Card?

So, if the Visa Platinum® Card’s offer interested you, it’s time to apply for yours and start enjoying its advantages.

When applying for the U.S. Bank Visa® Platinum Card, you will need a FICO® score of 670 or higher to be accepted. In addition to your credit score, U.S. Bank will also look at your income and any debts you have.

Okay, time to learn how to apply for your U.S. Bank Visa Platinum® Card. Tap the green button below to do so.

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