U.S. Bank Visa® Platinum Card Review

Updated 2015 review

U.S. Bank Visa® Platinum Card

Card Review: U.S. Bank Visa Platinum Card
CardSight Rating: 4.0 out of 5 stars ★★★★

4.8 Star Rating: Recommended

A straightforward credit card with few frills, the U.S. Bank Visa® Platinum Card is ideal for the consumer who wants a credit card without an annual fee and with a low introductory APR. Someone who uses credit responsibly without wanting to think about rewards programs or other peripheral benefits would be best-suited to this card.

APR for Purchases

The U.S. Bank Visa® Platinum Card carries a 0% introductory APR for the first 12 months that an account is open. The rate then grows to between 9.99% and 23.99%, based on the cardholder’s creditworthiness. After the introductory period, the minimum interest payment is $2.00 for cardholders carrying a balance.

Balance Transfers

Balances transferred to the U.S. Bank Visa® Platinum Card carry an APR that mirrors that on purchases, with 0% for the first twelve months and between 9.99% and 23.99% thereafter. This only applies to balances that are transferred in the first thirty days the account is open.

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The U.S. Bank Visa® Platinum Card charges no annual fee. For balance transfers from other accounts in the first 30 days the account is open, a transfer fee of the greater of 3% or $5 applies. For balances transferred after thirty days, the fee is the greater of 4% or $5.

Late payments, returned payments, and overlimit balances lead to fees of up to $35 each.  For cash advances, the card charges the greater of $10 or 4% of the advanced amount, along with applying an APR of 23.99% on that portion of the cardholder’s balance.


This Visa card offers little in terms of extra benefits, and does not have a rewards program. It does allow the cardholder to link the credit card to U.S. Bank savings and checking accounts, using those bank accounts to pay on the credit card. It also automatically provides rental car insurance when a rental is placed entirely on the Visa Platinum Card, and cardholders receive their Experian credit scores at no additional cost.

Bottom Line

The U.S. Bank Visa® Platinum Card offers a 0% introductory APR and no annual fee, but little else for the consumer to get excited about. It is a no-frills card that a U.S. Bank customer can use for the convenience of managing the banking relationship in one place. This provides simplicity for those who already bank with U.S. Bank and aren’t concerned with travel rewards or other card use incentives. For those looking to maximize a credit card’s value, though, this card brings little to the table when compared to others in the market.

We give this card a rating of 4.0 out of 5 stars.

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