Review
Updated
Fact Checked
Nathan Alderman
OFFER STATUS
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 Some items may be out of date.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
Rating image, 4.50 out of 5 stars.
4.50/5
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.
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Rating image, 4.50 out of 5 stars.
4.50/5
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.
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= Best
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= Excellent
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= Good
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Credit Score
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
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
$0
Welcome Offer
N/A
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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.
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- Long 0% intro APR offer
- No annual fee
- Cellphone protection
- Free credit score monitoring
- No rewards
- Foreign transaction fee
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- 0% Intro APR on purchases and balance transfers for 21 billing cycles. After that, a variable APR currently 18.74% - 29.74%.
- 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.
- Choose a payment due date that fits your schedule
- No Annual Fee
- Terms and conditions apply.
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.
Credit card comparison
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: 17.24% - 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. |
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Apply Now for Chase Sapphire Preferred® Card
On Chase's Secure Website. |
Rating image, 4.50 out of 5 stars.
4.50/5
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 |
60,000 bonus points Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠. | 5x on travel purchased through Chase Travel℠, 3x on dining and 2x on all other travel purchases Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more. |
Intro: N/A Purchases: N/A Balance Transfers: N/A Regular: 21.49%-28.49% Variable |
Apply Now for Chase Sapphire Preferred® Card
On Chase's Secure Website. |
Full U.S. Bank Visa Platinum review
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.
Top perks
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.
Long 0% intro APR on purchases
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 (currently 18.74% - 29.74% (Variable)) applies.
Long 0% intro APR on balance transfers
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 (currently 18.74% - 29.74% (Variable)) applies. There is a balance transfer fee: 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.
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
No annual fee
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.
Cellphone protection
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.
Free credit score
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.
What could be improved
Before you apply for the U.S. Bank Visa® Platinum Card, you should know about the areas where it could improve.
No rewards
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.
Foreign transaction fee
This U.S. Bank card charges a 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
Find the best credit card for your needs
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
Suggested credit score
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.
The U.S. Bank Visa Platinum is right for you if:
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.
Our credit card methodology
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.
FAQs
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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.
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Yes, the U.S. Bank Visa® Platinum Card charges a 3% foreign transaction fee.
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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.
Our Credit Cards Experts
Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia.
Fact Checked
Nathan Alderman
Nathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.
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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 does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. Lyle Daly has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, JPMorgan Chase, PayPal, Target, U.S. Bancorp, and Visa. The Motley Fool recommends Discover Financial Services and recommends the following options: short June 2024 $67.50 calls on PayPal. The Motley Fool has a disclosure policy.
The Motley Fool owns shares of and recommends Visa.