Review: U.S. Bank Visa Platinum Card

What's Hot


The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

How a Mexican Tariff Will Boost the Cost of 6 Common PurchasesFamily

This Free Software Brings Old Laptops Back to LifeMore

How to Protect Yourself From the ‘Can You Hear Me?’ Phone ScamFamily

Report: Walmart to Begin Selling CarsCars

Where to Sell Your Stuff for Top DollarAround The House

Is Your TV Tracking You? Here’s How to Tell — and Prevent ItAround The House

11 Staging Tips to Help You Get Top Dollar When Selling Your HomeAround The House

21 Restaurants Offering Free Food Right NowSaving Money

20 Simple Hacks to Make Your Stuff Last LongerAround The House

4 Car Insurers That Might Raise Rates Even When the Accident Wasn’t Your FaultCars

How to Invest If Trump Kills the ‘Fiduciary Rule’Grow

12 Surprising Ways to Wreck Your Credit ScoreBorrow

8 Tuition-Free U.S. CollegesCollege

These Are the 25 Best Jobs in the U.S.Jobs & Work

9 Secret Ways to Use Toothpaste That Will Make You SmileAround The House

The 2 Types of Music That Most Improve Dog BehaviorFamily

Want a simple card with a 0 percent interest rate? This might be the plastic for you. But then again, maybe not.

This post comes from Logan Abbott, editor of the credit cards section of MyRatePlan.com.

It can be tough to decipher the confusing terms of many credit cards. Consumers often fail to read the fine print on the offers, and then are unpleasantly surprised when they get hit with penalties, higher interest rates, and other pesky fees.

The U.S. Bank Visa Platinum Card seeks to simplify terms so cardholders know what to expect.

Advantages

  • Zero percent intro APR on purchases and balance transfers for 12 months. After the introductory period expires, the purchase APR reverts to a variable rate between 9.99 percent and 23.99 percent, depending on creditworthiness. The lower end of this range is pretty competitive in today’s credit card market.
  • No annual fee. The U.S. Bank Visa Platinum Card doesn’t require an annual fee. 
  • $0 fraud liability. Cardholders receive a $0 fraud liability guarantee for unauthorized transactions if their card is ever lost or stolen. 
  • Free online credit score. Cardholders viewing their account information online receive an Experian credit score at no additional cost. This is a great way to stay on top of your credit report.

Disadvantages

  • No rewards program. While the introductory APR period on purchases and balance transfers is great, the card doesn’t offer a rewards program.
  • Balance transfer fee. The 12-month introductory period on balance transfers is super if you want to consolidate debt, but like most cards, the U.S. Bank Visa Platinum Card charges a 3 percent balance transfer fee. The Barclaycard Ring MasterCard, Slate from Chase, and PenFed Promise Visa are three cards that don’t charge a balance transfer fee.

Bottom line

Get it if: You have fair credit, and are looking to pay off significant credit card balances, don’t mind the transfer fee, and like the idea of seeing your credit score free.

Forget it if: You have excellent credit and little to no credit card debt. If that’s you, you should opt for a card with a rewards program.

Follow Logan Abbott on Google+

Note: While we attempt to be completely objective when reporting on credit cards, this site may be compensated by issuers when a reader applies for a credit card through the links within credit card stories or on our credit card search page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 10 Best Places to Retire in 2017

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,871 more deals!