Updated November 13, 2013

US Bank Visa Platinum Card Review: Low Interest & Free Credit Score

Read more about U.S. Bank Visa® Platinum Card from U.S. Bank, a CreditDonkey advertiser

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With free access to your monthly credit score and no annual fee, the US Bank Platinum Visa Card is a good choice for those who plan to carry a balance. The lack of rewards makes it less than ideal for those who don't carry a balance. However, if you’re paying down some debt, the 0% intro APR and low regular APR make this card the way to go.

U.S. Bank Visa Platinum Card
Apply for U.S. Bank Visa Platinum Card
  • 0% Intro APR* on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 9.99%-23.99%
  • No annual fee*
  • Online bill pay for a fast and convenient way to pay bills online with your U.S. Bank Visa® Platinum
  • $0 fraud liability* for unauthorized transactions if your card is ever lost or stolen
  • Fraud Protection detects and notifies you of any unusual card activity to help prevent fraud
  • Online account management and account alerts
  • Go to issuer's official application, terms, and details
Car Rental Insurance$0 Fraud Liability
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 months
0% for 15 months
9.99% - 23.99%* (Variable)
$0*

Overall Score

3.8

Interest Rates

4.5

Fees

4.0

Benefits

3.0
5-point scale (the higher, the better)

Pros and Cons

  • Monthly credit score
  • 0% intro APR on balance transfers and purchases
  • Low interest rate
  • No annual fee
  • No rewards

Bottom Line

Good no annual fee credit card for those who tend to carry a balance

Low Interest Rate

The U.S. Bank Visa Platinum Card offers a wide range of interest rates for its cardholders, currently 9.99% to 23.99%. The rate you get mostly depends on your creditworthiness and your credit score. If you meet the highest application standards, you get the lowest variable APR, which is currently 9.99%. This is extremely competitive in today’s credit market.

Applicants with weaker credit can still get this card, but it will come with a higher APR.

Credit Management

This card makes it easy to manage your credit card because it gives you free access to your monthly credit score. On your own, you usually have to pay to access your credit score. As a result, many Americans have no idea what their credit score is. With this card, you can keep track. Plus, there is no annual fee and $0 fraud liability.

Introductory APR

New cardholders get an introductory APR after signing up the U.S. Bank Visa Platinum Card. For your first 15 months with this card, you'll enjoy a 0% intro APR on purchases and balance transfers from other cards. There is a 4% fee charged on balance transfers, but this usually adds up to much less than paying interest for 15 months. Using this introductory period gives you a solid window to help pay off debt.

No Reward Programs

The downside of the U.S. Bank Visa Platinum Card is that it doesn’t offer any sort of rewards program. When you make purchases on this card, you don’t earn any free travel bonuses, merchandise, or cash back. It’s only a credit card. If you pay off your balance each month, you don’t get much benefit from this card and should probably look elsewhere.

Pros

  • Low interest rate for applicants with excellent credit
  • No annual fee
  • Free access to monthly credit score
  • 0% introductory APR for 15 months on purchases and balance transfers.

Cons

  • No rewards program

Bottom Line

Great choice for applicants who are trying to pay down debt and improve their credit score. Consumers who don't carry a balance should consider a rewards credit card instead.

Next Step: View the issuer's official application, terms, and details

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Editorial Note: This content is not provided by U.S. Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by U.S. Bank. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: This content was first published on January 4, 2013. This content may have been updated on November 13, 2013. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check U.S. Bank website for updated information.

More Articles in Reviews

U.S. Bank Visa Platinum Card
Apply for U.S. Bank Visa Platinum Card
  • 0% Intro APR* on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 9.99%-23.99%
  • No annual fee*
  • Online bill pay for a fast and convenient way to pay bills online with your U.S. Bank Visa® Platinum
  • $0 fraud liability* for unauthorized transactions if your card is ever lost or stolen
  • Fraud Protection detects and notifies you of any unusual card activity to help prevent fraud
  • Online account management and account alerts
  • Go to issuer's official application, terms, and details
Car Rental Insurance$0 Fraud Liability
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 months
0% for 15 months
9.99% - 23.99%* (Variable)
$0*

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About CreditDonkey®
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

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