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U.S. Bank Visa Platinum Card Review

The U.S. Bank Visa® Platinum Card provides one of the longest 0% introductory annual percentage rate promotions on the market. You’ll pay no interest for 21 billing cycles on both purchases and balance transfers. After that, the APR is 18.74% to 29.74% variable. The card is an excellent choice if you need a lot of time to pay down a large purchase or if you want to transfer a balance from a high-interest card and save while you pay it off.

Despite the impressive 0% APR promotion, the card may not be a good fit for everyone. For starters, it doesn’t offer a rewards program, so you may have a difficult time getting a lot of value out of it after the promotional period.

  • Issuer NameU.S. Bank
  • Credit NeededGood/Excellent
  • Annual Fee$0
  • APR19.49% – 29.49% Variable
  • Purchases Intro APR0% Intro APR on purchases for 18 billing cycles on purchases
  • Balance Transfer FeeEither 3% of the amount of each transfer or $5 minimum, whichever is greater.
  • Cash Advance FeeEither 5% of the amount of each advance or $10 minimum, whichever is greater.
  • Foreign Transaction Fee3% of each foreign transaction

  • Need a long introductory 0% APR promotion.
  • Aren’t concerned about earning rewards.
  • Want to avoid an annual fee.

The U.S. Bank Visa® Platinum Card doesn’t have the long-lasting benefits that some other cards have, but what it can do is save you money during its introductory APR period. If you need to make a major purchase and want time to pay it off, you can open this card and have just shy of two years to finance it interest free. The same is true for balances you transfer over. There is an introductory fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater, for balances transferred within 60 days of account opening. After that, either 5% of the amount of each transfer or $5 minimum, whichever is greater.

A good strategy is to divide your purchase or balance transfer amount due by 21 months, then create a payment schedule to help you pay off the balance before the regular APR kicks in. In the meantime, try not to use the card for other purchases so that you don’t add to your debt burden.

Editor’s Take

The main feature of this card is its long period of 0% APR. This gives you ample time to pay off large purchases, balance transfers, or both, with no interest tacked on. Beyond that, you won’t earn any rewards or bonuses. But if used strategically to help you pay off debt faster and in a less expensive way, that could provide enough savings to make the card worthwhile.

Dawn PapandreaContributor

The U.S. Bank Visa® Platinum Card doesn’t earn rewards or a welcome offer. However, it offers a 0% introductory APR on purchases and balance transfers for 21 billing cycles. Additionally, new cardholders can take advantage of an ExtendPay Plan with no fee if opened within the first 60 days of account opening. The plan lets you pay off balances in fixed monthly payments over time, usually with a small monthly fixed fee.

While you can’t earn rewards with this card, you can maximize the U.S. Bank Visa® Platinum Card by using it for what it’s meant for: to give you some wiggle room when you need to revolve a balance for over a year and a half. Or, to move over a nagging balance from another card so you can make faster payoff progress.

U.S. News rates credit cards by analyzing factors including fees, interest rates and benefits, each weighed against their importance to determine an overall score for each credit card. Consumers can rely on these ratings to provide objective, accurate assessments of credit card choices.

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Sarah Goldberg
Sarah Goldberg

Sarah is a seasoned financial market expert with a decade of experience. She's known for her analytical skills, attention to detail, and ability to communicate complex financial concepts. She holds a Bachelor's degree in Finance, is a licensed financial advisor, and enjoys reading and traveling in her free time.

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