The U.S. Bank Visa Platinum is ranked as one of the best cards on the market with its 0% APR for 20 billing cycles on your purchases and balance transfers, purchases, and transfers in which you can get extended periods without interest. With protection services for your cell phone included, a great advantage of balance transfer cards.
U.S. Bank Visa Platinum
No annual fee 0% intro APRNot having to pay annual fees is also one of the essential benefits of the U.S. Bank Visa Platinum to pay off debts. Since it gives the owner the possibility to pay his debts without incurring additional costs.
Other card details
The U.S. Bank Visa Platinum offers an interest-free lead-in period for purchases and balance transfers, plus an additional mobile protection service.
Considering that many cards are offering other advantages that may even be more interesting depending on your profile, the U.S. Bank Visa Platinum is still one of the best options, even as a prevention for possible big surprise purchases such as medical expenses, etc.
One of its biggest benefits cannot be overlooked, its introduction to APR (perfect for consolidating debts).
And the cell phone protection service, which covers up to $600 in damages or any qualifying losses — minus a $25 out-of-pocket deductible. Being either refunded or winning a replacement phone equivalent of two potential claims each year for annual coverage of $1,200.
Learn more about U.S. Bank Visa Platinum Credit Card
A good credit score (a score higher than 670) can provide a 20-line credit purchase and transfer APR, and a variable APR of 16.74% or up to 26.74%. The lower end of the range is below the current average credit card interest rate.
Make sure to transfer your balance within the first 60 days to qualify and don’t miss the payment date. Otherwise, you could lose zero interest and pay up to $40 in late fees — but luckily, you won’t be penalized.
But with no annual fee, this rate is a relatively cheap card. You should also be aware of the 3% ($5) minimum exchange rate, which is a typical range of 3-5% and a 3% minimum rate for foreign exchange transactions.
The exchange rate for your dollar purchases drops to 2%, but keep in mind that the extra currency exchange rate may end up being more expensive than the 3% rate.
Other Benefits of the Card
- U.S. Bank ExtendPay Plan: Allows you to divide Purchases into fixed monthly payments with no interest, just a small monthly fee.
- Cell Phone Protection: Pay your monthly cell phone account with your US. Bank Visa Platinum, has coverage of up to $ 600 in case of damage or theft with a deductible of $ 25, for up to two claims ($ 1,200) for a period of 12 months
- Free Credit Score: Free access to your free credit score on Transunion and receives alerts whenever there is a big change in your score
- $0 Liability Guarantee: You will not be responsible for unauthorized transactions made on your card
Eligibility Criteria
Before applying, ensure you meet the eligibility criteria, such as having a good credit score. This is crucial for approval.
Application Process
- Visit the U.S. Bank Website: Begin by navigating to the U.S. Bank’s official website. This is a secure and user-friendly platform for your application.
- Find the Visa Platinum Card Section: Search for the Visa Platinum Card under the credit cards section.
- Complete the Application Form: Fill out the application form with accurate details. This includes personal, financial, and employment information.
- Review and Submit: Double-check your application for any errors. Submit your application once everything is verified.
- Wait for Approval: U.S. Bank will review your application and perform a credit check. The approval process can take a few days.
Conclusion
Applying for the U.S. Bank Visa Platinum Card is an effortless and beneficial step towards managing your finances. With its appealing features and the ease of online application, it’s a valuable addition to your financial toolkit. Remember, responsible credit management starts with choosing the right card and using it wisely.
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