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U.S. Bank Visa® Platinum Card Review [2024]: Lengthy Intro APR, but Limited Perks

CREDIT CARDS - BALANCE TRANSFER CREDIT CARDS
The U.S. Bank Visa Platinum Card comes with an impressive intro APR offer, but its other perks are lackluster.
Kevin Payne
By Kevin Payne
Jess Ullrich
Edited by Jess Ullrich
Updated Nov. 5, 2024
Fact checked

We receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

The U.S. Bank Visa® Platinum Card offers one of the longest 0% introductory APR periods available on the market today. You can receive 0% intro APR for 21 billing cycles on purchases (then the regular APR of 17.99% to 28.99% (Variable)).

The U.S. Bank Visa Platinum also comes with a $0 annual fee, which means you can take full advantage of this card's features with no additional cost.

Use our U.S. Bank Visa Platinum credit card review to see if this is the right card for you.

In this article

0% introductory APR

U.S. Bank Visa® Platinum Card
4.9
info

U.S. Bank Visa® Platinum Card

Compare Credit Cards

Current Offer

0% Intro APR on purchases and balance transfers for 21 billing cycles. After that, a variable APR currently 17.99% to 28.99%

Annual Fee

$0

Benefits and Drawbacks
Card Details

Key takeaways

  • The U.S. Bank Visa® Platinum Card is a great choice if you want to do a balance transfer or pay for a big purchase over time.
  • This card has one of the longest introductory APR offers on the market with a 0% intro APR for 21 billing cycles (then 17.99% to 28.99% (Variable).
  • The U.S. Bank Visa® Platinum Card doesn’t offer a rewards rate on everyday spending, so you won’t earn cash back or travel rewards. It also typically has no welcome offer.

Who should get the U.S. Bank Visa® Platinum Card?

The U.S. Bank Visa Platinum Card is best for individuals who have large purchases planned or existing credit card debt they want to transfer and pay off over an extended time. 

Whether you have a big upcoming home improvement project, want to book travel, or upgrade your home electronics, cardholders have access to 0% introductory APR for 21 billing cycles on new purchases. After that, the interest rate increases to the regular variable APR of 17.99% to 28.99% (Variable). Keep in mind that the U.S. Bank Visa Platinum is only a low-interest credit card during its introductory rate period if you qualify for its offers.

Balance transfers also come with a 0% intro APR for 21 billing cycles (after that the rate increases to 17.99% to 28.99% (Variable) APR), but they must be posted to your account within 60 days of account opening. Keep in mind that there’s still a balance transfer fee of 5% of the amount of each transfer or $5 minimum, whichever is greater, and you’ll have to pay that fee on any balance transferred. So a balance transfer of $4,000 could yield a $120 balance transfer fee.

Although the U.S. Bank Visa Platinum Card offers tons of value on new purchases and transfers, it’s not the card to pursue if you want to earn bonus rewards for your credit card spending. It’s not part of a loyalty rewards program and doesn’t offer many perks beyond the introductory APR offer. Other 0% APR credit cards, or other U.S. Bank credit card offers, may provide opportunities to earn rewards for spending — on top of (temporary) freedom from interest charges.

Credit card basics

Card type 0% APR, Balance transfer
Credit card issuer U.S. Bank
Credit card network Visa
Annual fee $0
Recommended credit score Excellent, Good
Intro APR 0% introductory APR for 21 billing cycles on new purchases, then 17.99% to 28.99% (Variable)

0% intro APR for 21 billing cycles on balance transfers, then 17.99% to 28.99% (Variable)
Foreign transaction fee 3% of each foreign transaction

Why we like the U.S. Bank Visa® Platinum Card: card benefits and perks

  • Intro APR offer on purchases: Cardholders enjoy a 0% introductory APR for 21 billing cycles on new purchases (then 17.99% to 28.99% (Variable)). 
  • Balance transfer offer: Receive 0% intro balance transfer APR for 21 billing cycles on balance transfers (then 17.99% to 28.99% (Variable)). Balance transfers must be transferred within 60 days of card opening.
  • No annual fee: You’ll keep your money in your pocket with the U.S. Bank Visa Platinum Card because it has a $0 annual fee.
  • Cell phone protection: Use your U.S. Bank card to pay your cell phone bill, and you’re covered up to $600 against theft, damage, and accidental loss. There’s a two-claim limit per 12-month period with a $1,200 maximum. The deductible is $25 for this cell phone insurance per claim.
  • Free credit score access: Cardholders have access to free VantageScore credit scores through TransUnion’s CreditView. You can also set up alerts and use the credit score simulator at no cost.
  • Access to ID Navigator powered by NortonLifeLock: ID Navigator monitors your sensitive identifying information to notify you of potential threats and help prevent identity theft. 
  • Fraud protection: The Platinum Card could protect you against fraudulent credit card activity. U.S. Bank monitors usage and notifies you of any unusual activity.
  • Due date selection: U.S. Bank gives you the option to choose your own payment due date for this card. 

What we don't like about the U.S. Bank Visa® Platinum Card

  • Balance transfer fee: Although you won't pay interest on balance transfers during the introductory period, there is a fee of 5% of the amount of each transfer or $5 minimum, whichever is greater.
  • Foreign transaction fees: The U.S. Bank Visa Platinum Card is not ideal for international travel because purchases made outside the U.S. carry a fee: 3% of each foreign transaction.
  • Not a rewards credit card: This card has no welcome bonus and doesn’t earn any travel or cashback rewards. Discover better rewards cards with our list of the best travel credit cards.

FAQ about the U.S. Bank Visa® Platinum Card

Is the U.S Bank Visa Platinum Card a good card?

The U.S Bank Visa Platinum Card is a great option if you plan to use it to fund large purchases or transfer existing credit card debt and pay it off over time. The card comes with one of the longest 0% intro APR offers on the market. However, it’s not the best option if you’re looking for added perks like travel or cashback rewards. This card doesn't offer any rewards for spending and it doesn't earn travel miles. 

What credit score do you need for the U.S. Bank Visa Platinum Card?

To qualify for the U.S. Bank Visa Platinum Card, it’s likely you will need an Excellent, Good credit score, but that's no guarantee you'll be approved. Exact designations vary, but an excellent credit score is usually a FICO score of 800 or above. On the VantageScore model, an excellent score is any score above 780.

Does U.S. Bank automatically increase your credit limit?

As with other card issuers, U.S. Bank might review your account from time to time and potentially issue a credit limit increase. You can also request a credit limit increase as long as you meet specific qualifications. All requests are subject to review by U.S. Bank, and whether your request is approved will likely depend on your creditworthiness and other factors. Requests are made through your online account or U.S. Bank’s mobile app.

Does the U.S. Bank Visa Platinum Card have an annual fee?

No, the U.S. Bank Visa Platinum Card has a $0 annual fee.

Is the U.S. Bank Visa Platinum Card accepted everywhere?

As a Visa card, the U.S. Bank Visa Platinum Card is accepted at many locations almost everywhere in the world. Visa credit cards are accepted in over 200 countries and territories worldwide, making it one of the most widely accepted credit card networks in the world.

What is the credit limit on a U.S. Bank Platinum Visa card?

Similar to most major card issuers, U.S. Bank doesn't publish exact numbers for the U.S. Bank Platinum Visa credit limit. But according to user data, you can expect at least a $500 line of credit. Note that your experience could vary from other U.S. Bank Platinum Visa cardholders.

Other cards to consider

If you’re unsure about the U.S. Bank Visa card, then you might want to continue comparing credit cards.

Another credit card to consider is the Citi® Diamond Preferred® Card. The benefits and drawbacks closely resemble the U.S. Bank card. The Citi Diamond Preferred offers a 0% intro APR on new purchases for 12 months (then 17.49% - 28.24% (Variable) and a 0% intro APR on balance transfers for 21 months (then 17.49% - 28.24% (Variable). It does offer one perk you won’t find with the Platinum card, though. Diamond Preferred cardholders can enjoy Citi Entertainment, a program that gives special access to exclusive events and experiences, and presale tickets for concerts, sporting events, and more.

If you prefer a rewards card, then the Citi Double Cash® Card is also a contender. It comes with a 0% intro APR on balance transfers for 18 months (then 18.49% - 28.49% (Variable). But it offers something missing from the U.S. Bank card: an opportunity to earn cashback rewards. With Citi Double Cash, cardholders earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases; plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25, which is good for a card with a $0 annual fee. 

U.S. Bank Visa® Platinum Card: Bottom line

The U.S. Bank Visa® Platinum Card is an excellent choice for balance transfers and paying off purchases over time. If you’re looking for a rewards credit card, then this one isn’t the right choice for you. But if you’re looking to consolidate debt then you won’t find many credit cards with better offers.

If you want to explore other credit cards, including other balance transfer cards, then check out our best credit cards page where you can compare various options from American Express, Chase, and Capital One among others.

0% introductory APR

U.S. Bank Visa® Platinum Card
4.9
info

U.S. Bank Visa® Platinum Card

Why We Like It

0% Intro APR on purchases and balance transfers for 21 billing cycles. After that, a variable APR currently 17.99% to 28.99%

See how these cards compare:

Citi® Diamond Preferred® Card
Citi® Diamond Preferred® Card
  • 0% intro APR on balance transfers for 21 months, then 17.49% - 28.24% (Variable)) APR
  • Choose your payment due date
  • $0 annual fee
  • Rates and fees
Citi Double Cash® Card
Citi Double Cash® Card
  • Simple flat-rate cash back on all your purchases
  • 0% intro APR on balance transfers for 18 months, then 18.49% - 28.49% (Variable) APR
  • No annual fee
  • Rates and fees