If you have run into a wall because all of your cards are full and you want to get out of that sticky situation, the US Bank Visa Platinum Credit Card can help. You can transfer your balances over to this platinum card for $5 or for 3% of the total balance, whichever amount is greater. And then for 18 months you won’t have to pay interest on your transfer. This can really you get your finances on track as long as that is what your goal is.
Transferring your balances to the US Bank Visa Platinum card and then just loading those other cards back up isn’t going to help you get to a financially healthy place. That is why it is so very important that you think about what your financial goals are write them down so you make the right decision on which card you apply for. Once you know what you are trying to achieve you can better find a card, out of the hundreds of offerings out there, that is right for you.
You should look carefully at interest rates and late fees if you are going through a rough patch and may just pay your monthly minimums for a time. If you’re just looking to get more rewards on the money you spend than a rewards credit card is what you might want to seek. Our editors have dug into the US Bank Visa Platinum Card to give you the details you need to know. You can read all of them below and then decide whether or not the card is the right one for you.
What are the Benefits of a US Bank Visa Platinum Credit Card?
With the credit card, you enjoy cell phone protection once you pay the cell phone bill using this card. Your phone is covered from theft or damage up to $600 with a $25 deductible. You’re allowed to present only two claims for a sum of $1,200 in a year’s time frame.
You’ll also enjoy a no punishment APR with the US Bank Visa Platinum Credit Card. You won’t get stressed if you make a late installment — you’ll pay a punishment charge and not a punishment APR. Different cards have punishment APRs reaching 30% that may work when you make a returned or late installment and can last inconclusively. With US Bank, you won’t have to worry about that.
You can also enroll in internet banking to acquire your TransUnion score for no fee. Get installment adaptability by picking your due date. If these perks interest you, you’ll want to read on and learn how you could be eligible to apply for one today.
What are the Fees of a US Bank Visa Platinum Credit Card?
Knowing your goals will help you determine what you are and are not willing to pay when it comes to charges on your next credit card. Below you will find a breakdown on the fees for the US Bank Visa Platinum for you to review before you take any further steps.
- No Annual Fees
- Variable APR: 0% for the first 18 billing cycles, 14.74% to 25.74% after that
- Variable Balance Transfer APR: 0% for the first 18 billing cycles (transfers made in the first 60 days), 14.74% to 25.74% after that
- Cash Advance Fee: 4% or $10, whichever is greater
- Foreign Transaction Fee: 2% foreign ATM fee for US dollars, 3% for foreign currency
- Late Payment Fee: Up to $39
If you carry your balance and have an incredible credit history, or if you’re seeking to make a balance transfer from a non-US Bank account, the US Bank Visa Platinum Credit Card could be your perfect match. At the finish of the intro session, you greatly benefit from the low APR. Regardless of whether your credit history is impeccable, you can still utilize the prolonged intro to enhance your credit score.
How to Apply for a US Bank Visa Platinum Credit Card
In order to be eligible for the US Bank Visa Platinum, you must be a US resident and at least 18 years of age. You may also be required to prove other factors, such as meeting a minimum income. You’ll have to give the required information: full name, contact information, residential status, annual income, employment information, SSN, and credit score.
To apply, simply choose the application link on the US Bank website and fill out the online application page. Finish the application structure with your personal and financial data. Survey and present your application.
If successful in your application, you’ll be assigned a credit limit based on your circumstances and creditworthiness. If you have a superb credit score and low usage, you may acquire a high credit limit and low APR.
How to Contact US Bank Visa Platinum
800 Nicollet Mall
Minneapolis, MN 55402-7000.
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.