Pros and Cons of the US Bank Visa® Platinum Credit Card

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Owning a credit card is one of the most important financial moves a person can do. However, not all credit cards can cater to your needs. US Bank might just have the card for you, though.

It is important to know the specific features, benefits, and challenges posed by the card you are considering to get. Individuals looking for a dynamic credit card that offers benefits in all areas may just find what they are looking for from the US Bank. The bank carries a selection of cards for people with different needs and preferences. This way, the bank makes sure that its clients and potential customers have viable choices that suit them.

One of the most worthwhile options is the US Bank Visa Platinum Credit Card. From purchases and balance transfers to credit management and monitoring, you can rest assured knowing that your card has all your needs covered. Here’s what you need to know about this card.

US Bank Visa® Platinum Credit Card Features

The US Bank Visa Platinum Credit Card gives a wide variety of advantageous offers, including low introductory annual percentage rates (APR), automation and security features. This card is equipped with security measures such as Cell Phone Protection and Fraud Protection, allowing you to save money and shielding you from fraudulent activities.

Another great feature of the card is that you can avail of a 0% introductory APR for purchases and balance transfers for 18 months. With this card, you also won’t have to pay any annual fees!

Did you know that this credit card was rated one of the 10 best credit cards of 2019 by Nerdwallet? If that isn’t enough to sell you, consider the fact that this card allows you 24/7 account access through online banking and the mobile app.

You can also avail of AutoPay and check your credit score for free!

US Bank Visa® Platinum Credit Card APR, Interest Rate & Fees

  • APR for Purchases: 0% introductory for the first 18 billing cycles (14.49% to 25.49% after that
  • APR for Balance Transfers: 0% introductory for the first 18 billing cycles (14.49% to 25.49% after that)
  • Annual Fees: $0
  • Balance Transfer Fee: 3% or $5 minimum
  • Cash Advance Fee: 4% or $10 minimum
  • Foreign Transaction Fees: 2% for foreign purchases or foreign ATM advances in U.S. Dollars; 3% for foreign purchases or foreign ATM advances in a Foreign Currency
  • Late Payment Fee: Up to $39
  • Over Limit Fee: $0
  • Returned Payment Fee: Up to $35

US Bank Visa® Platinum Credit Card Pros

One of the best benefits this card offers is its 0% intro APR. You can use this to your advantage when paying off debt balances, handling emergencies, and making significant purchases using your card. Just make sure that you avail of this offer within the introductory period. For instance, the balance transfer promotion only applies for balances transferred within 60 days of account opening.

US Bank Visa® Platinum Credit Card Cons

While this card offers introductory advantages, you cannot accumulate points to purchase rewards. This also does not offer cashback to boost your savings. Aside from these two cons, this card can definitely cater to most of your financial needs.

US Bank Visa® Platinum Credit Card Eligibility

For those wanting to apply for this card, there are several eligibility requirements you must meet in order to qualify for it. You must be at least 18 years old. You also must be a legal resident of the United States and have a Social Security Number or an Individual Taxpayer Identification Number.

US Bank Visa® Platinum Credit Card Application Process

You can start your application by hitting the “Apply Now” button on the US Bank website. Keep in mind that you will need to enter your full legal name, contact information, and employment info. You might also need to provide financial details and information regarding your credit background.

US Bank Visa® Platinum Credit Card Limit

As with other banks, you may be asked to provide a credit limit you want. However, the bank will issue a limit based on your creditworthiness. Your financial, employment, and expense information can also be important factors in deciding your credit limit.

US Bank Address and Contact Information

To make sure that everything is in order before applying or if you simply want to clarify some things, then it is smart to get in touch with the bank. You can call 800-717-6166 or simply use the website’s Location Search function to find branches near you.

What Next?

Having a flexible credit card makes making transactions more convenient. If you are interested in this card, you can start the application process by filling out the online application or by getting in touch with the bank via phone or a local branch visit. Use your credit card wisely, and enjoy.

Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.