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US Bank Visa Platinum Card Review: Low Interest & Free Credit Score
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.
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Overall Score | 3.8 | ||
Interest Rates | 4.5 | ||
Fees | 4.0 | ||
Benefits | 3.0 | ||
Pros and Cons
- Monthly credit score
- 0% intro APR on balance transfers and purchases
- Low interest rate
- No annual fee
- No rewards
Bottom Line
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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Disclaimer: This content is not provided or commissioned by the company whose products are featured on this site. Any opinions, analyses, reviews or evaluations provided here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser. 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 March 22, 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.
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