U.S. Bank Visa Platinum Review: Lengthy 0% Period Makes It Worthy

The card offers a generous introductory interest-free window. But if you want rewards, bonuses and other spoils, look elsewhere.

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Our Take

5.0

NerdWallet rating 

The bottom line:

This card can buy you time to pay off a large purchase, and it's not a bad balance transfer option either.

Pros

  • No annual fee

  • Intro APR period

  • Cell phone insurance

Cons

  • No rewards

  • Requires good/excellent credit

  • No bonus offer

US Bank Visa Platinum Credit Card
Annual fee
$0
Regular APR
15.24%-25.24% Variable APR
Intro APR
0% intro APR for 20 billing cycles on purchases and balance transfers
Rec. credit score
690-850 (Good - Excellent)
Apply now

on US Bank's website

View rates and fees

  • Limited Time Offer!
  • 0% Intro APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR currently 15.24% - 25.24%.
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your U.S.Bank Visa® Platinum Credit Card. Certain terms, conditions, and exclusions apply.
  • Choose a payment due date that fits your schedule
  • No Annual Fee
  • Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
  • Terms and conditions apply.

Compare to Other Cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual fee

$0

Annual fee

$0

Annual fee

$0

Regular APR

15.24%-25.24% Variable APR

Regular APR

14.49%-24.49% Variable APR

Regular APR

15.24%-23.99% Variable APR

Intro APR

0% intro APR for 20 billing cycles on purchases and balance transfers

Intro APR

0% Intro APR for 21 months on Balance Transfers and 12 months on Purchases

Intro APR

0% intro APR for 15 months on purchases and balance transfers

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

Get more smart money moves — straight to your inbox

Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love.

Detailed review: U.S. Bank Visa® Platinum Card

If you're looking to finance a major purchase, the U.S. Bank Visa® Platinum Card is one of the best options on the market for buying time until you can pay it off.

That’s because the card charges an annual fee of $0, yet it offers a long 0% introductory interest rate on purchases, as well as a good interest-free period on balances you transfer from elsewhere.

You won't earn rewards with the U.S. Bank Visa® Platinum Card. But it comes with cell phone insurance, a minor perk.

U.S. Bank Visa® Platinum Card: Basics

  • APR offer: 0% intro APR for 20 billing cycles on purchases and balance transfers, and then the ongoing APR of 15.24%-25.24% Variable APR.

  • Annual fee: $0.

  • Balance transfer fee: 3% or $5 minimum, whichever is greater.

Benefits and perks

Lengthy APR promotion on purchases. This is the defining feature of the card. If you’re facing a large expense you can’t pay right away, the extra-long interest-free period allows you to pay over time without piling on finance charges.

Balance transfer period. The card also offers a pretty long interest-free period for balances you transfer to it. But note the balance transfer fee, discussed below.

Annual fee of $0. Once you use the introductory interest-free period to pay your balance, the card won’t cost you anything to keep — although, it might eventually be relegated for use as a backup card.

Cell phone insurance. The card is one of a handful of cards that come with cell phone insurance. If you pay your cell phone bill every month with this card, you'll get coverage for damage or theft up to $600, with a $25 deductible, for up to two claims for a total of $1,200 per 12-month period. This covers your phone and additional lines on the account. However, the insurance is “secondary,” meaning it kicks in only after any other phone insurance you have.

Drawbacks and considerations

No rewards. If you want a card that's ideal for everyday spending, the U.S. Bank Visa® Platinum Card is not for you. There are no rewards for spending with this card. If debt is not an issue for you and you pay your bills in full and on time every month, consider moving on to another card that offers you more benefits. Like the  Capital One Quicksilver Cash Rewards Credit Cardwhich has a solid introductory APR period, includes a bonus offer for new cardholders, and gives you 1.5% cash back on every purchase.

No sign-up bonus. New cardholders get no bonus, which is disappointing since competing cards with almost-as-long 0% APR periods include at least a modest bonus. Some are $150, for example.

Foreign transaction fee. Forget about travel perks with this card. And it’s a poor choice for using abroad because of its fees for foreign transactions: 2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. dollars or 3% if the transaction is in a foreign currency.

Requires good credit. If you have a mountain of debt and your credit rating is hurting because of it, you might have trouble getting approved for this card.

Alternate pick: Cash-back rewards

Alternate Pick: Cash-back rewards

Citi® Double Cash Card
NerdWallet rating 

Citi® Double Cash Card – 18 month BT offer

2% back on everything: 1% when you buy, 1% when you pay

Earn a high flat rate on all your spending. Plus, get an intro 0% intro APR on Balance Transfers for 18 months, and then the ongoing APR of 14.74%-24.74% Variable APR and an annual fee of $0.

Read our review

How to decide if it's right for you

If you're looking for a card that offers a generous amount of time to pay down a new purchase, the U.S. Bank Visa® Platinum Card could be a fit. While the card won't cost you anything to keep, even after you've said sayonara to the balance, you might find yourself graduating to a different card for the long term.

To see other potential options, visit NerdWallet's roundup of best credit card offers.

on US Bank's website

Methodology

NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. Qualitative factors are those that affect how easy or difficult it is for a typical cardholder to get good value from the card. They include such things as the ease of application, simplicity of the rewards structure, the likelihood of using certain features, and whether a card is well-suited to everyday use or is best reserved for specific purchases. Our star ratings serve as a general gauge of how each card compares with others in its class, but star ratings are intended to be just one consideration when a consumer is choosing a credit card. Learn how NerdWallet rates credit cards.

Frequently asked questions