The U.S. Bank Visa Platinum Card features an extended 0% introductory APR period for balance transfers and new purchases, cell phone protection benefits and no annual fee compared to most credit cards.
Although this card may help with debt repayment, other cards with rewards programs and sign-up bonuses could provide greater long-term value.
0% intro APR for 21 billing cycles
One of the key draws of this card is its extended 0% interest period for balance transfers and purchases – an advantage not often available with cards that provide such protection against interest charges. This could prove especially useful to anyone carrying debt who needs help to get it under control, giving ample time for paying off balances without incurring further interest charges.
This card stands out from its competitors by providing unique cellphone protection benefits, making it a worthwhile consideration when transferring balances to it. Simply pay your phone bill using this credit card and automatically enroll in their cell phone protection plan, with up to $1200 reimbursed annually (less any deductible fees) should anything happen to it (with $25 being the deductible fee).
One drawback of this card is its limited rewards and travel perks compared with other cards; its only perks include an installment plan fee-based installment plan and ID Navigator powered by NortonLifeLock that help protect from identity theft.
If you need an emergency backup when dealing with high-interest debt, this card could be ideal. To apply, all it requires is good or excellent credit score and an application process to qualify. Remember that 0% interest periods only work to your advantage when you commit to paying down your balance during this promotional period. If you are a frequent spender, other cards with longer introductory periods and more lucrative rewards programs might be better suited to meet your spending needs. To assist with this decision-making process, read our comprehensive review of the U.S. Bank Visa Platinum Card as well as our rankings of the best credit card offers; ultimately this card may be worthwhile for some but make sure that it compares favorably with similar options before settling on one decision – visit our top picks page to view what cards offer great rates that might suit you better
No annual fee
Although this card doesn’t offer rewards programs or perks like other cards do, its long 0% balance transfer offer makes it an excellent choice for people struggling to pay down debt. Furthermore, its 3 percent (up to $5 minimum) balance transfer fee significantly undercuts some competitors that charge 5 percent (allowing smaller monthly payments until you can increase them faster). This card may help people achieve debt reduction more quickly.
It also features an exceptional 0% APR on new purchases, making this card ideal for financing significant purchases like homes or cars without incurring interest payments for some time. Furthermore, you can utilize only part of its credit limit for balance transfers while leaving plenty of wiggle room left open for everyday spending.
U.S. Bank Visa Platinum Cards provide additional features that make them particularly advantageous, including an extensive fraud protection system and free access to your credit score. Both features can help identify and avoid fraudulent transactions that cost both money and hassle. In addition, each payment history report sent through these three major bureaus allows your on-time payment history to build your score over time.
While this card offers much to offer, it may not be suitable for everyone. For high-value rewards with no annual fee and attractive 0% APR promotions, consider applying for either Citi Prestige or Chase Sapphire Preferred instead – they both feature excellent rewards programs, travel insurance coverage and complimentary airport lounge memberships. Alternatively, there’s always the U.S. Bank Visa Platinum Card which offers no annual fees but still boasts impressive perks.
Cell phone insurance
If you’re in search of a balance transfer credit card that can also save money on cellphone costs, the U.S. Bank Visa Platinum Card might be ideal. With no fees associated with it and offering an exclusive perk which covers damaged or stolen phones if paid monthly with this no-fee card – an incredible feature which provides peace of mind when replacing cellphones can become costly; an unparalleled feature not offered by many of its competitors that could save a considerable amount of money over time.
This card does not offer rewards or welcome bonuses, making it less suitable for people looking to generate cash back with purchases. But it does come equipped with several useful perks that could save money: such as providing free access to monthly credit scores that allow you to monitor your history; as well as fee-based installment plans allowing for payments over time with no interest charges applied to them.
Finally, this card features no annual fee, making it more cost-effective than balance transfer credit cards with annual fees. Furthermore, its 3 percent balance transfer fee is lower than typical for this type of credit card.
Overall, the U.S. Bank Visa Platinum card is an ideal solution for people struggling with debt. Offering one of the longest zero-interest offers on purchases and balance transfers to help people get out of debt more quickly while offering other useful perks such as free credit scores and ID theft monitoring is hard to beat; additionally it features 21 months with no APR on new purchases/balance transfers and 21 months of zero APR offers are hard to beat! However be careful not to carry over balances beyond their introductory period so as to not overpay on interest; should that happen make sure it’s paid in full before this offer expires!
Free access to your credit score
If you’re carrying credit card debt and looking to repay it quickly, this card could be ideal. Offering one of the longest 0% intro APR offers on purchases and balance transfers as well as no annual fee or penalty APR for missed payments, as well as lower fees than others in its class, it should prove useful in helping reduce it quickly.
If you plan to carry a balance on this card, the free access to your credit score can help keep track of your progress and ensure timely payments. Each month you’ll receive a complimentary TransUnion VantageScore from TransUnion; any major changes on your report will alert you as well. Using this information you can take steps if necessary to improve your score so that in future loans and interest rates you qualify more favorably.
This card does not offer rewards programs or travel benefits that tend to appeal more strongly to consumers with high credit scores, yet is one of few cards without an annual fee – making it an attractive choice for consumers looking for alternatives without paying additional costs for their credit card.
Individuals looking for ways to reduce debt should consider the U.S. Bank Visa Platinum Card as an ideal solution. With its 0% APR offer for 21 months on balance transfers and purchases – and an excellent variable APR that falls well below national average for consumers with excellent credit – the card offers outstanding savings opportunities for consumers looking for ways to pay down credit card balances quickly and affordably.
It is an ideal card for individuals transitioning from student life into adulthood and seeking to build their credit history. With an accessible credit limit and extended introductory APR window, this card makes financing your first home or car purchase affordable without incurring excessive interest charges.
If your credit score is low or you regularly revolve your credit cards, this card may not be appropriate. Approval for it could prove challenging; to increase your chances of approval it would be prudent to focus on paying down debt to reduce debt-to-income ratio and credit utilization ratio and eventually applying for new cards or loans.