If you’re looking to finance a large purchase or move high-interest debt off another card, the U.S. Bank Visa® Platinum Card offers an intro APR period of nearly two years for purchases and balance transfers, allowing you to save substantially on interest charges.
This card doesn’t come with a rewards program or many other benefits, but its primary appeal is the long intro APR periods. In fact, its intro APR promotion is currently one of the longest available. Cardholders seeking to save on interest charges will be hard-pressed to find a competing card that offers a longer interest-free period.
Intro Purchase APR
0% intro APR for 18 billing cycles on Purchases
Regular Purchase APR
19.24% - 29.24% (Variable)
Intro BT APR
0% intro APR for 18 billing cycles on Balance Transfers
Regular BT APR
19.24% - 29.24% (Variable)
Annual Fee
$0
Cash Advance Fee
Either 5% of the amount of each advance or $10 minimum, whichever is greater.
Foreign Transaction Fee
2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars; 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency.
Balance Transfer Fee
Either 3% of the amount of each transfer or $5 minimum, whichever is greater
Long intro APR on purchases and balance transfers
If you need to finance a large purchase and pay it off over time, the U.S. Bank Visa® Platinum Card offers a lengthy interest-free period on purchases and balance transfers.
Cardholders receive a 0% intro APR for 18 billing cycles on Purchases, then an APR of 19.24% - 29.24% (variable).
The U.S. Bank Visa® Platinum Card also comes with one of the longest intro APR periods on balance transfers currently available.
The card offers a 0% intro APR for 18 billing cycles on Balance Transfers. After that, a regular APR of 19.24% - 29.24% (variable) applies to any unpaid portion of the transfer.
Annual fee
The U.S. Bank Visa® Platinum Card charges a $0 annual fee.
Cell phone protection
When you pay your cell phone bill every month with your card, you’ll receive coverage for damage or theft up to $600, with a $25 deductible, for up to two claims ($1,200) per 12-month period. This coverage includes your primary cell phone line and any secondary, additional or supplemental lines.
Balance transfer fee
The U.S. Bank Visa® Platinum Card charges a balance transfer fee of either either 3% of the amount of each transfer or $5 minimum, whichever is greater.
So, for example, if you transfer a balance of $5,000 to the U.S. Bank Visa® Platinum Card, you will be subject to a balance transfer fee of $150, which is added to your balance.
No rewards program
You won’t earn a sign-up bonus or rewards on the purchases you make with the U.S. Bank Visa® Platinum Card.
While this is pretty typical for a credit card that offers an intro APR on balance transfers for more than a year, there are balance transfer cards available that offer long intro APRs along with rewards programs.
For example, the Citi® Double Cash Card – 18 month BT offer comes with an intro APR of 0% for 18 months on balance transfers, then 18.49% - 28.49% (variable) APR. Cardholders also earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Just know, this card does not offer an intro APR on purchases.
Foreign transaction fee
If you plan to use your U.S. Bank Visa® Platinum Card to make purchases outside of the U.S., you will incur foreign transaction fees of 2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars; 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency.
The main difference between the two cards is the length of their intro APR periods on purchases and balance transfers, plus the Citi Simplicity® Card touts no late fees and no penalty APR if you happen to miss a payment. Both cards require excellent/good credit for approval.
The Citi Simplicity® Card offers an intro APR of 0% for 12 months on purchases (after, a 18.49% - 29.24% (variable) APR applies) and an intro APR of 0% for 21 months on balance transfers (after, a 18.49% - 29.24% (variable) APR applies).
Just know, the U.S. Bank Visa® Platinum Card requires you to transfer your balance within the first 60 days of account opening to take advantage of the balance transfer intro APR offer. By contrast, the Citi Simplicity® Card card gives members four months to make use of the promotional APR period on balance transfers.
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| U.S. Bank Visa® Platinum Card | Citi Simplicity® Card | Citi® Diamond Preferred® Card | Wells Fargo Reflect® Card |
|---|---|---|---|
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Apply Now on U.S. Bank's secure site
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Apply Now on Citibank's secure site
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Apply Now on Citibank's secure site
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Apply Now on Wells Fargo's secure site
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| Annual Fee | |||
| $0 | $0 | $0 | $0 |
| Welcome Offer | |||
| No bonus | N/A | N/A | N/A |
| Rewards Rate | |||
| None | N/A | N/A | None |
| Intro Purchase APR | |||
| 0% intro APR for 18 billing cycles on Purchases | 0% for 12 months on Purchases | 0% for 12 months on Purchases | 0% intro APR up to 21 months from account opening |
| Regular APR | |||
| 19.24% - 29.24% (Variable) | 18.49% - 29.24% (Variable) | 17.49% - 28.24% (Variable) | 17.74% - 29.74% variable APR |
| Intro Balance Transfer APR | |||
| 0% intro APR for 18 billing cycles on Balance Transfers | 0% for 21 months on Balance Transfers | 0% for 21 months on Balance Transfers | 0% intro APR up to 21 months from account opening on qualifying balance transfers |
| Regular Balance Transfer APR | |||
| 19.24% - 29.24% (Variable) | 18.49% - 29.24% (Variable) | 17.49% - 28.24% (Variable) | 17.74% - 29.74% variable APR |
| Balance Transfer Fee | |||
| Either 3% of the amount of each transfer or $5 minimum, whichever is greater | There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. Then a balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum. | Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum. | 3% for 120 days from account opening, then up to 5%; min: $5 |
| Recommended Credit | |||
| Excellent/Good | Excellent/Good | Excellent/Good | Excellent/Good |
| Card Details | |||
| U.S. Bank Visa® Platinum Card | Citi Simplicity® Card | Citi® Diamond Preferred® Card | Wells Fargo Reflect® Card |
If you’re looking to finance a large expense or want to escape from under high-interest debt by moving that balance to a card with an intro balance transfer APR, the U.S. Bank Visa® Platinum Card and the Citi Simplicity® Card are both good options, thanks to their long interest-free periods on purchases and balance transfers.
The U.S. Bank Visa® Platinum Card offers a longer intro APR period on purchases, but the Citi Simplicity® Card comes with a slightly longer intro APR period on balance transfers.
Just know — if you’re planning to transfer a balance to the U.S. Bank Visa® Platinum Card — you must do so within the first 60 days of opening your account to take advantage of the promotional APR.
