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U.S. Bank Visa® Platinum Card

U.S. Bank Visa<sup>®</sup> Platinum Card

U.S. Bank Visa® Platinum Card

Intro Purchase APR
0% intro APR for 20 billing cycles on Purchases*
Intro BT APR
0% intro APR for 20 billing cycles on Balance Transfers*
Regular Purchase APR
14.49% - 24.49%* (Variable)
Edited by
Julie Sherrier
Reviewed by
Tracy Brackman
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who's the U.S. Bank Visa® Platinum Card best for?

If you’re looking to finance a large purchase or move high-interest debt off another card, the U.S. Bank Visa® Platinum Card offers an intro APR period of nearly two years for purchases and balance transfers, allowing you to save substantially on interest charges.

This card doesn’t come with a rewards program or many other benefits, but its primary appeal is the long intro APR periods. In fact, its intro APR promotion is currently one of the longest available. Cardholders seeking to save on interest charges will be hard-pressed to find a competing card that offers a longer interest-free period.

U.S. Bank Visa® Platinum Card overview

    • 0% Intro APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR currently 14.49% - 24.49%.
    • Great offer from U.S. Bank, a 2020 World's Most Ethical Company® - Ethisphere Institute, February 2021.
    • No Annual Fee*
    • Flexibility to choose a payment due date that fits your schedule.
    • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your U.S.Bank Visa® Platinum Credit Card. Certain terms, conditions, and exclusions apply.
  • Credit needed:
    680 850
    Excellent/Good
  • Cell phone protection
  • Free TransUnion credit score
  • Choose your payment due date

Intro Purchase APR

0% intro APR for 20 billing cycles on Purchases*

Regular Purchase APR

14.49% - 24.49%* (Variable)

Intro BT APR

0% intro APR for 20 billing cycles on Balance Transfers*

Regular BT APR

14.49% - 24.49%* (Variable)

Annual Fee

$0*

Cash Advance Fee

N/A

Foreign Transaction Fee

2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars; 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency.

Balance Transfer Fee

Either 3% of the amount of each transfer or $5 minimum, whichever is greater

Pros and cons of the U.S. Bank Visa® Platinum Card

Pros

  • $0* annual fee
  • Cell phone protection
  • Long intro APR period on purchases and balance transfers

Cons

  • Foreign transaction fees
  • No rewards program
  • Few benefits
  • Balance transfer fee

What we like about the U.S. Bank Visa® Platinum Card

  • Long intro APR on purchases and balance transfers

    If you need to finance a large purchase and pay it off over time, the U.S. Bank Visa® Platinum Card offers a lengthy interest-free period on purchases and balance transfers.

    Cardholders receive a 0% intro APR for 20 billing cycles on Purchases*, then an APR of 14.49% - 24.49%* (variable).

    The U.S. Bank Visa® Platinum Card also comes with one of the longest intro APR periods on balance transfers currently available.

    The card offers a 0% intro APR for 20 billing cycles on Balance Transfers*. After that, a regular APR of 14.49% - 24.49%* (variable) applies to any unpaid portion of the transfer.

  • Annual fee

    The U.S. Bank Visa® Platinum Card charges a $0* annual fee.

  • Cell phone protection

    When you pay your cell phone bill every month with your card, you’ll receive coverage for damage or theft up to $600, with a $25 deductible, for up to two claims ($1,200) per 12-month period. This coverage includes your primary cell phone line and any secondary, additional or supplemental lines.

What to watch out for with the U.S. Bank Visa® Platinum Card

  • Balance transfer fee

    The U.S. Bank Visa® Platinum Card charges a balance transfer fee of either either 3% of the amount of each transfer or $5 minimum, whichever is greater.

    So, for example, if you transfer a balance of $5,000 to the U.S. Bank Visa® Platinum Card, you will be subject to a balance transfer fee of $150, which is added to your balance.

  • No rewards program

    You won’t earn a sign-up bonus or rewards on the purchases you make with the U.S. Bank Visa® Platinum Card.

    While this is pretty typical for a credit card that offers an intro APR on balance transfers for more than a year, there are balance transfer cards available that offer long intro APRs along with rewards programs.

    For example, the Citi® Double Cash Card – 18 month BT offer comes with an intro APR of 0% for 18 months on balance transfers, then 13.99% – 23.99% (variable) APR. Cardholders also earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

  • Foreign transaction fee

    If you plan to use your U.S. Bank Visa® Platinum Card to make purchases outside of the U.S., you will incur foreign transaction fees of 2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars; 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency.

Alternate card

Compare it to the Citi Simplicity® Card

Disclosures |
Citi Simplicity® Card
Citi Simplicity® Card
on Citibank's secure site
0% for 12 months on Purchases
14.74% - 24.74% (Variable)
$0
N/A
  • No Late Fees, No Penalty Rate, and No Annual Fee... Ever
  • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 14.74% - 24.74%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 14.74% - 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi’s discretion.
  • Stay protected with Citi® Quick Lock and $0 liability on unauthorized charges
690 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


The U.S. Bank Visa® Platinum Card and the Citi Simplicity® Card are similar in that each comes with a $0 annual fee and assesses a balance transfer fee and foreign transaction fees, and neither card offers a rewards program.

The main difference between the two cards is the length of their intro APR periods on purchases and balance transfers, plus the Citi Simplicity® Card touts no late fees and no penalty APR if you happen to miss a payment. Both cards require excellent/good credit for approval.

The Citi Simplicity® Card offers an intro APR of 0% for 12 months on purchases (after, a 14.74% - 24.74% (variable) APR applies) and an intro APR of 0% for 21 months on balance transfers (after, a 14.74% - 24.74% (variable) APR applies).

Just know, the U.S. Bank Visa® Platinum Card requires you to transfer your balance within the first 60 days of account opening to take advantage of the balance transfer intro APR offer. By contrast, the Citi Simplicity® Card card gives members four months to make use of the promotional APR period on balance transfers.

 

Compare the U.S. Bank Visa® Platinum Card to similar cards

Comparison of four different credit cards
U.S. Bank Business Platinum Card Citi Simplicity<sup>®</sup> Card Citi<sup>®</sup> Diamond Preferred<sup>®</sup> Card Wells Fargo Platinum card
U.S. Bank Business Platinum Card Citi Simplicity® Card Citi® Diamond Preferred® Card Wells Fargo Platinum card
Apply Now
on U.S. Bank's secure site
Apply Now
on Citibank's secure site
Apply Now
on Citibank's secure site
Read Review
Annual Fee
$0 $0 $0 $0
Welcome Offer
N/A N/A None. N/A
Rewards Rate
N/A N/A N/A None
Intro Purchase APR
0% intro APR on purchases for 18 billing cycles 0% for 12 months on Purchases 0% for 12 months on Purchases 0% intro APR for 18 months from account opening
Regular APR
11.99%-20.99% Variable 14.74% - 24.74% (Variable) 13.74% - 23.74% (Variable) 16.49%-24.49% (Variable)
Intro Balance Transfer Rate
0% intro APR on balance transfers for 18 billing cycles 0% for 21 months on Balance Transfers 0% for 21 months on Balance Transfers 0% intro APR for 18 months on qualifying balance transfers
Regular Balance Transfer Rate
11.99%-20.99%* (variable) 14.74% - 24.74% (Variable) 13.74% - 23.74% (Variable) 16.49%-24.49% (Variable)
Balance Transfer Fee
3% of the amount of each transfer or $5 minimum, whichever is greater Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum. Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum. 3% intro for 120 days from account opening, then up to 5%; min: $5
Recommended Credit
Excellent Excellent/Good Excellent/Good Excellent/Good
Card Details
U.S. Bank Visa® Platinum Card Citi Simplicity® Card Citi® Diamond Preferred® Card Wells Fargo Platinum card

Is the U.S. Bank Visa® Platinum Card right for you?

If you’re looking to finance a large expense for almost two years or want to escape from under high-interest debt by moving that balance to a card with an intro balance transfer APR, the U.S. Bank Visa® Platinum Card and the Citi Simplicity® Card are both good options, thanks to their long interest-free periods on purchases and balance transfers.

But because the U.S. Bank Visa® Platinum Card offers a slightly longer intro APR period, it could be the better choice if you need a couple more months to pay your balance in full. Just know — if you’re planning to transfer a balance to the card — you must do so within the first 60 days of opening your account to take advantage of the promotional APR.

Just know that the U.S. Bank Visa® Platinum Card comes with few other benefits and has no ongoing rewards program.

Apply Now
on U.S. Bank's secure site