Discover all about the USBank Visa Platinum Credit Card

Visa Platinum has an excellent introductory offer for credit card purchases and balance transfers, allowing you to save on fees and interest. With this, you can put your financial life in order and, who knows, even pay your debts.

There are certainly other credit cards focused on balance transfer available on the market, but Visa Platinum is an excellent option and you can find out why throughout this post.

Follow along and discover all its benefits, advantages and how to request yours.

How does US Bank Visa Platinum Card work?

While Visa Platinum is focused on allowing you to pay off your balances, it is not intended for people with low credit scores. But because of its great introductory offer, it’s a good option for people who have a balance on their cards.

Because it’s a credit card focused on balance transfer, if you have credit cards with high interest rates, take the opportunity to get rid of it and get a better option.

All you need to do is transfer the amount to your US Bank Visa Platinum and schedule yourself to be able to pay off the entire balance while taking advantage of the introductory APR offer.

Although there aren’t many other benefits besides this one, we suggest you keep reading to learn more about this credit card and how it can help you reorganize your financial life.

If you are looking for a credit card that offers rewards and cashback programs, this is not the ideal option.

What are the main benefits for the US Bank Visa Platinum Credit Card?

One of the main benefits you can count on Visa Platinum is the introductory offer of 0% interest for the first twenty billing cycles.

In addition, the benefits offered by this credit card are:

• Up to $600 protection for your smartphone against theft and damage.
• Variable due date.
• $0 annual fee.
• US Bank Extended Pay Plan to help you split eligible purchases worth $100 or more into monthly payments;
• One of the longest 0% APR period available, up to 20 months for new clients;
• Allows you to track your credit score with free unlimited access to your TransUnion credit scores.

As stated earlier, there is not much to take advantage of this credit card when it comes to rewards and cashback. But the introductory rate of 0% for the first 20 months is a big differentiator, which makes it an excellent card, at least while you’re in that period.

After these almost two years of introductory offers have passed, it may be time to look for another credit card, after all you will have difficulty making large purchases.

Cons for the US Bank Visa Platinum card

US Bank Visa Platinum is not a credit card intended for people with a low credit score, after all, to be eligible you need to have a score of at least 690, which is considered good by credit reporting agencies.

With a score like this, you can also get approved on credit cards with more offers and reward programs, which can be discounted from annual fees.

It is worth mentioning that this credit card has a balance transfer fee of 3% or $5, so the tip is not to transfer your balance to other cards, to avoid even more expenses and fees.

The 3% fee also applies to purchases made outside the United States, which is not interesting for people who are always on the go.

How does the intro APR offer work?

You may have noticed that many credit cards offer an introductory offer, with shorter fee periods or no fees at all. However, Visa Platinum stands out for its longer offer period, extending for up to 20 months.

This period is very long and great for those who need to organize their finances and make a big purchase and want to take a break from fees and interest. That way, you can finance the purchase without compromising your finances.

However, one important factor needs to be highlighted. The introductory offer of 20 fee-free billing cycles only happens if done within sixty months of purchasing your credit card. This means that you will continue to pay little during this period, but after that, purchases made will have the usual interest.

Rates and fees for the USBank Visa Platinum

As the 0% interest rate for balance transfers and purchases is only valid for the first 60 days after purchasing the credit card. See other fees charged by the US Bank Visa Platinum credit card:

• 3% or $5 balance transfer fee;
• $40 late payment fee;
• $0 annual fee;
• 14,74% to 24,74% variable APR after promotional period;
• 3% foreing transaction fee.

You are eligible to get this credit card if you are a US citizen and have a credit score of over 690 points.