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U.S. Bank Visa® Platinum Card is unavailable on The Ascent. All information was collected independently and not reviewed for accuracy or provided by the credit card issuer. Some items may be out of date.
The U.S. Bank Visa® Platinum Card is an excellent option for avoiding interest charges, whether on new purchases or existing debt. It has a long 0% intro APR offer that covers purchases and balance transfers. It's light on benefits elsewhere, though, and it doesn't earn any rewards. Read our full U.S. Bank Visa® Platinum Card review to find out whether this U.S. Bank card is the best choice.
U.S. Bank Visa® Platinum Card
Good/Excellent (670-850)
Intro APR 0% on purchases and balance transfers for the first 21 billing cycles on purchases billing cycles, and after that 18.74% - 29.74% (Variable).
Purchases: 0%, 21 billing cycles on purchases
Balance Transfers: 0%, 21 billing cycles
Regular APR
18.74% - 29.74% (Variable)
Rewards
N/A
Annual Fee
N/A
Welcome Offer
N/A
Got a big purchase to finance over time? Consider this U.S. Bank card, as it'll give you a whopping 21 billing cycles of 0% APR on purchases. This also goes for balance transfers, making this one a great fit if you have some existing debt to pay off. It also comes without an annual fee.
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Discover will match all the cash back you've earned at the end of your first year. N/A | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 18.24% - 28.24% Variable APR |
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Up to $300 cash back Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel℠, 4.5% on dining and drugstores, and 3% on all other purchases. | 1.5% - 5% cash back Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases |
Intro: 0% Intro APR on Purchases and Balance Transfers for 15 months Purchases: 0% Intro APR on Purchases, 15 months Balance Transfers: 0% Intro APR on Balance Transfers, 15 months Regular: 20.49% - 29.24% Variable |
Apply Now for Chase Freedom Unlimited®
On Chase's Secure Website. |
|
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
75,000 Miles 75,000 Miles once you spend $4,000 on purchases within 3 months from account opening | 2X-5X miles Earn unlimited 2X miles on every purchase, every day. Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. |
Intro: Purchases: N/A Balance Transfers: N/A Regular: 19.99% - 29.99% (Variable) |
This credit card is a good fit for: Consumers who need as much time as they can get to pay down big purchases or credit card debt with a 0% intro APR.
The highlight of the U.S. Bank Visa® Platinum Card is a lengthy 0% APR offer, and the card issuer has rounded it out with some good extras.
This card's intro APR of 0%, 21 billing cycles on purchases covers more than a year and a half of credit card statements. Even compared to other top 0% APR credit cards, that's a great offer. It's ideal if you need to finance costly purchases and make payments on them. With this U.S. Bank card, you'll have plenty of time to do that without paying credit card interest. After that, the go-to APR applies -- it's currently 18.74% - 29.74% (Variable).
The U.S. Bank Visa® Platinum Card has an equally impressive intro balance transfer APR of 0%, 21 billing cycles. Just like with the purchase APR, after the intro period ends, the go-to APR applies -- currently 18.74% - 29.74% (Variable). There is a balance transfer fee: Either 5% of the amount of each transfer or $5 minimum, whichever is greater
This is one of the longest offers among all balance transfer credit cards, so this card is equally useful for paying off credit card debt. Transfers must be made within 60 days of account opening to qualify.
LEARN MORE: A Complete Guide to Balance Transfers
If you're trying to save money with a 0% APR offer, you probably don't want to incur any extra fees. This is a no annual fee credit card, which is another reason it's perfect for saving money.
You don't need to buy cellphone insurance or leave your phone at risk when you have this credit card. If you pay your cellphone bill with your U.S. Bank Visa® Platinum Card, then your phone will be insured against damage or theft for up to $600. The limit is two claims of up to $1,200 total per 12-month period. A deductible of $25 per claim applies.
Keep in mind that this is secondary insurance. If you already have an insurance policy that covers your cellphone, you need to make a claim through that first.
You'll have a complimentary credit monitoring tool at your fingertips. TransUnion's CreditView™ product is available through U.S. Bank's online banking site and provides you with your VantageScore.
This service is convenient and shows you if your credit is headed in the right direction. However, it's worth mentioning that the most widely used type of credit score is your FICO® Score. VantageScore isn't nearly as popular among lenders.
Before you apply for the U.S. Bank Visa® Platinum Card, you should know about a few potential drawbacks.
The most glaring issue with this card is that it doesn't offer purchase rewards. It's purely an intro 0% APR card. If you want to earn cash back or points on your spending, then you'd need to look at rewards credit cards. Some of them have 0% intro APR offers of their own, although you likely won't find any that have such a long offer on both purchases and balance transfers.
This U.S. Bank card charges a 3% foreign transaction fee. That can add up if you use it to pay for purchases abroad. Many cards don't charge foreign transaction fees, and those are a much better choice if you plan to travel outside the country. If you're a frequent traveler, a travel credit card would be a good choice.
LEARN MORE: Best Travel Rewards Credit Cards
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
When applying for the U.S. Bank Visa® Platinum Card, aim for a FICO® Score of 670 or higher. Some applicants may secure approval with a lower score, but having a higher score doesn't hurt. U.S. Bank tends to be selective about who it approves for this credit card. In addition to your credit score, U.S. Bank will also look at a variety of factors, such as your income and any debts you have, to make its decision.
You need plenty of time to pay off either purchases or balance transfers interest free. That's where the U.S. Bank Visa® Platinum Card shines, as it gives you 21 billing cycles to pay off everything.
Before you apply, it's a good idea to estimate how long you'll really need to pay off your debt. A credit card interest calculator can help with this. If you don't need 21 billing cycles, then you may want to look at other top credit cards that have shorter 0% intro APR offers, but also offer more benefits, such as rewards and sign-up bonuses.
Want to keep looking? Check out more of our expert credit card reviews to find the right card for you.
At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.
Anecdotal data from cardholders suggests that credit limits for the U.S. Bank Visa® Platinum Card range from $500 up to $20,000. U.S. Bank does not publish credit limits for this card.
Yes, the U.S. Bank Visa® Platinum Card charges a 3% foreign transaction fee.
The U.S. Bank Visa® Platinum Card is designed for applicants with good to excellent credit, meaning a credit score of at least 670. If your credit score isn't that high yet, then it may be hard to get approved for this credit card.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
The Motley Fool owns shares of and recommends Visa.