The Benefits of a US Bank Credit Card: Rewards, Perks, How to Apply and More

The US Bank Visa Platinum credit card is a popular card that offers a low APR on purchases, balance transfers, and cash advances. The Visa Platinum credit card is a good choice for those who want a long period to pay off a large purchase or debt. 

It offers a 0% introductory APR on purchases and balance transfers for 18 billing cycles, followed by a variable APR of 18.74% to 28.74%. 

Learn more about the US Bank Visa Platinum card’s features, fees, and application process in this guide. 

  • What Is the US Bank Visa Platinum Credit Card?
  • What Are the Benefits of the US Bank Visa Platinum Credit Card?
  • What Are the Features of the US Bank Visa Platinum Credit Card?
  • What Are the Fees of the US Bank Visa Platinum Credit Card?
  • Who Can Apply for a US Bank Visa Platinum Credit Card?
  • How Does the US Bank Visa Platinum Card Compare to the Citi Double Dash Card?
The Benefits of a US Bank Credit Card: Rewards, Perks, How to Apply and More
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What Is the US Bank Visa Platinum Credit Card?

The US Bank Visa Platinum credit card is a credit card that offers a low APR on various traditional credit card functions. It also has a rewards program that allows cardholders to earn points for every dollar they spend.

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The Benefits of a US Bank Credit Card: Rewards, Perks, How to Apply and More
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The US Bank Visa Platinum credit card is a good choice for those who want a long period to pay off a large purchase or debt. It offers a 0% introductory APR on purchases and balance transfers for 18 billing cycles, followed by a variable APR of 18.74% – 28.74%. 

However, a balance transfer fee of either 3% or $5, whichever is greater, does apply. While this card does not have many other features, its lengthy Intro APR and balance transfer offer make it a strong choice for those looking to pay off debts or make large purchases.

What Is the US Bank Visa Platinum Credit Card 0% Intro APR?

The US Bank Visa Platinum credit card offers a 0% intro APR on purchases and balance transfers for 18 billing cycles, followed by a variable APR of 18.74% – 28.74%. 

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However, a balance transfer fee of either 3% or $5, whichever is greater, does apply. To take advantage of the Intro APR, you should aim to pay off your entire balance before the intro period ends. 

When considering this card for a balance transfer, it is important to calculate whether the amount you would save on interest is greater than the balance transfer fee. For example, a $5,000 balance transfer with a 3% fee would result in $150 in addition to the $5,000 being transferred.

What Are the Benefits of the US Bank Visa Platinum Credit Card?

One of the major benefits of the US Bank Visa Platinum credit card is its intro APR offer on both purchases and balance transfers. This feature is not commonly offered by other credit cards, which usually only provide a 0% intro APR on one or the other. 

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The Benefits of a US Bank Credit Card: Rewards, Perks, How to Apply and More
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This makes the US Bank Visa Platinum a good choice for those who want to make a large purchase or transfer a balance from another card without incurring interest charges.

Another standout feature of the US Bank Visa Platinum credit card is its cell phone protection benefit. If you pay your monthly cell phone bill with the card, you will be covered for up to $600 per claim if your phone is damaged or stolen. 

There is a $25 deductible for each claim, and you are limited to two claims per 12-month period. This is a valuable feature for those who rely on their cell phone for personal or professional use and want to protect their investment.

Check Your Credit Score for Free With the Visa Platinum Card

The US Bank Visa Platinum card comes with TransUnion’s CreditView credit monitoring tool. This tool is available as part of US Bank’s online banking. 

This convenient service can help you track your credit and see if it is trending in the right direction. It is worth noting that the VantageScore is not as widely used by lenders as the FICO® Score, which is the most commonly used credit score. The VantageScore is based on your credit report.

The VantageScore can provide you with a basic indication of your creditworthiness, but lenders may not use it. 

What Are the Features of the US Bank Visa Platinum Credit Card?

The US Bank Visa Platinum credit card is a type of credit card equipped with contactless payment technology. Cardholders can use their card for contactless payments by tapping it on a merchant’s contactless reader at any location that displays the contactless symbol. 

The Benefits of a US Bank Credit Card: Rewards, Perks, How to Apply and More
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This feature allows for faster and more convenient transactions, as cardholders don’t have to swipe or insert their card into a terminal. 

US Bank Visa Platinum cards can save interest and late penalties as there is an automatic payment feature that can help cardholders retain a decent credit score and avoid late fees.

They can choose a payment due date that works for their schedule, but it is mentioned that not all payment due dates may be available. 

Security Features of the US Bank Visa Platinum Card

The US Bank Visa Platinum card comes with I.D. Navigator Powered by NortonLifeLock. This program gives cardholders measures to protect themselves from identity theft and other fraud.

With this service, cardholders can monitor their credit reports and have access to a team of experts who can assist them if they suspect their identity has been compromised. It also includes dark web monitoring, alerts, and recovery assistance. 

What Are the Fees of the US Bank Visa Platinum Credit Card?

Before applying for the US Bank Visa Platinum credit card, evaluate the interest rates, annual fee, and benefits to be sure they meet your needs. 

The Benefits of a US Bank Credit Card: Rewards, Perks, How to Apply and More
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Below is more information on US Bank Visa Platinum rates and fees.

  • Annual fee – $0
  • Rewards rate – N/A
  • Bonus offer – None
  • Intro APR – 0% intro APR for 18 billing cycles on purchases and balance transfers
  • Ongoing APR – 18.74%-28.74% (variable APR)
  • Cash Advance APR – 30.24%
  • Balance transfer fee – Either 3% of the amount of each transfer or $5 minimum (whichever is greater)
  • Foreign transaction fee – 2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars or 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency.

When considering the US Bank Visa Platinum credit card, it’s important to evaluate its interest rate and annual fee to determine whether it fits your financial needs and goals. It’s worth considering if the card’s perks and benefits outweigh the costs associated with the card.

What Are the Cons of the US Bank Visa Platinum Credit Card?

One of the biggest downsides of the US Bank Visa Platinum card  is that it does not offer any rewards. It also does not offer a welcome bonus, cashback, or any other type of reward for purchases.

Additionally, it doesn’t offer any introductory offers or sign-up bonuses, where many other credit cards do offer such perks. 

It also has little in terms of travel insurance or purchase protection. Consider other options if you’re looking for a credit card that offers more coverage for travel-related issues such as flight delays or lost baggage.

Who Can Apply for a US Bank Visa Platinum Credit Card?

To be eligible for the US Bank Visa Platinum credit card, you will generally need to have good credit, which is typically defined as a credit score of at least 690. 

The Benefits of a US Bank Credit Card: Rewards, Perks, How to Apply and More
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However, a credit score is just one factor that credit card issuers consider when evaluating an application. Other factors that may be considered include your income, debts, and other financial information. 

Like any other bank, US Bank will require applicants to be of legal age, US residents, a good credit record, and have a stable income source. 

How Can You Apply for a US Bank Visa Platinum Credit Card?

To apply for the Visa Platinum card, you can visit the US Bank’s official website. Then, click on the link to begin the application process.

To apply through the app, log in, or register, go to the main dashboard and select “Explore & Apply” at the bottom of the screen. Review the credit card options and choose the one that suits your needs, then click “Apply Now” to begin the application process. 

Once completed, the approval or decline review process typically takes seven to 10 business days. Remember that the application process might differ depending on the bank and country. 

How Does the US Bank Visa Platinum Card Compare to the Citi Double Dash Card?

When comparing the Citi Double Cash and the US Bank Visa Platinum credit cards, the Citi Double Cash card may be a more favorable option. 

The Benefits of a US Bank Credit Card: Rewards, Perks, How to Apply and More
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The Citi Double Cash card offers a promotional interest rate of 0% for balance transfers for 18 months, allowing cardholders to pay off their debt faster. 

The Citi Double Cash card gives cashback benefits of up to 2% on all purchases, with 1% back when you make a purchase and 1% back when you pay down your amount. This can provide greater value and make it worth maintaining when the promotional rate period passes.

US Bank Address and Contact Information

US Bank is headquartered in Minneapolis, Minnesota, at the U.S. Bancorp Center. If you have inquiries about the Visa Platinum credit card or the application process, you can contact their customer service team by calling the toll-free number 800-872-2657.

Through their website, you can also access your account online to check your application status or for general account management. They also have physical branches where you can visit for assistance.

Conclusion

In conclusion, the US Bank Visa Platinum credit card is a good option for those looking for a long-term solution for paying off a large purchase or debt, with a 0% intro APR on purchases and balance transfers for 18 billing cycles.

Disclaimer: There are risks involved when applying for and using US Bank Visa Platinum credit card. Ensure you consult the US Bank terms and conditions page before agreeing. 

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