Paying off existing debt is a huge financial investment. It can be a challenge, but it doesn't have to be impossible. There are several ways to attack credit card debt, such as transferring it to a balance transfer card that offers a zero interest introductory period. If you find yourself in this situation, it's worth purchasing a U.S. Bank Visa® Platinum card. This is because it offers one of the longest APR periods in the market for both purchases and balance transfers.

With an initial APR of 0% on balance transfers for 18 billing cycles, the cardholder can consolidate other high-interest balances into his one and tackle debt head-on. can. Note that after the introductory period the volatility starts from 18.74% to 28.74%.

U.S. Bank Visa Platinum Card Details

Before judging the value of the U.S. Bank Visa Platinum Card, here are the major highlights of the card.

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U.S. Bank The Visa Platinum Card doesn't have many perks, but the perks it offers are impressive enough to be noticed. Of course, the biggest attraction of this credit card is the very long zero-interest trial period for purchases and balance transfers. Existing Credit Card Balance

According to the latest data from Bankrate, the average US credit card debt is $5,525 per person, with an average of 3 credit cards in each person's wallet. increase. If you have a goal of getting rid of credit card debt, one way he does it is by transferring your balance to a zero-interest card.

The U.S. Bank Visa Platinum card can help you reach this goal even faster considering it's one of the longest balance transfer offers on the market. Make sure you can afford to pay off your debt within 18 billing cycles, as you'll have an APR that fluctuates between 18.74% and 28.74% after the fact.

If you use this card, you must transfer your balance within 60 days of opening your account. There is also a fairly common 3% balance transfer fee ($5 minimum) that you should factor into your debt repayment strategy.

I'm planning a big purchase

An added benefit of the U.S. Bank Visa Platinum is a 0% initial APR on purchases over 18 billing cycles (followed by the same variable APR between 18.74% and 28.74%). During this promotional period, you'll enjoy interest-free benefits on all purchases, whether you're using your card to pay off existing debt or not.

If you know you have a big purchase coming up, like a new mattress, appliance, or an item you may not have cash on hand, use the U.S. Bank Visa Platinum to avoid hefty interest and save a little more. It can be time consuming.

However, if you are working to pay off your credit card balance, you should limit the amount of new purchases you make on your credit card to avoid digging deeper into your debt.

Protecting your cell phone with a credit card is important

Using the U.S. Bank Visa Platinum Card, you can get up to $1,200 in coverage annually when you pay your monthly cell phone bill with the card. can receive More specifically, you get up to $600 in cell phone protection for each eligible damage or theft claim. If you're a little clumsy with your personal device, currently have external cell phone insurance, and can take full advantage of this perk, the U.S. Bank Visa Platinum is the card for you.

I want a low price. -cost credit card

The U.S. Bank Visa Platinum Card has no annual fee, making it a more affordable balance transfer credit card option. Additionally, the 3% balance transfer fee (minimum $5) is slightly lower than the 5% fee charged by similar cards.

U.S. Bank Visa When is a Platinum Card not worth it?

The card's zero interest offer is strong and attractive, and the no annual fee is a welcome addition. However, the U.S. Bank Visa Platinum card is significantly restricted in other areas.

I like reward programs or welcome offers

If you want to earn cash back and other perks on your purchases, you'll be disappointed that the U.S. Bank Visa Platinum Card lacks a perks program and welcome bonuses.

We have credit cards available. offers both APR's introductory promotional period and an ongoing reward structure (think Citi® Double Cash Card), so it's worth exploring other balance transfer card options.

International travel requires a credit card

If you travel frequently and spend time outside the United States, especially if you do not already have a credit card, You may be interested in a credit card that does not charge additional fees for overseas purchases.

Unfortunately, the U.S. Bank Visa Platinum Card charges a 3 percent foreign transaction fee. (2 percent if the transaction is made overseas in US dollars).

Must have a U.S. Bank Visa Platinum card

If you need as much time as possible to pay off your existing credit card balance (or large purchases) and want to avoid additional interest, you should seriously consider it. Consider a Visa Platinum card from a US bank. Plus, with no annual fee, the card is less expensive than other balance transfer card options.

If the ongoing value of your card is still important to you, however, you can look for other options that include ongoing rewards, welcome bonuses, or valuable card benefits. As previously mentioned, Citi Double Cash with no annual fee not only offers a first year APR of 0% for the 18 months of balance transfer (with a variable APR of 16.99% to 26.99% thereafter), but also encourages responsible card usage. Recurring Rewards: Offer 1% cashback. Get an additional 1% back on your purchase.

If you're addicted to the cellular protection benefits of the U.S Bank Visa Platinum, be aware that the Wells Fargo Reflect® card offers nearly the same benefits. There are also (overall) slightly higher interest-free benefits. Several months from account opening for purchases and eligible balance transfers. Minimum timely payment during the introductory period will extend the introductory APR for 3 months. After that, the APR fluctuated from 17.24% to 29.24%. If you transfer your balance within 120 days, referral fees and a 3% commission will be applied. A BT fee of up to 5% (minimum $5) is then applied.

Conclusion

If your goal is a U.S. Bank Visa Platinum Card to find and redeem very long introductory APR offers on purchases, balance transfers, or both, this may be realized.

The card's 18 billing cycle introductory period makes longer promotional offers available and may provide a much-needed breather to pay off credit card debt. , if you have different financial goals in mind, such as earning rewards or one-time bonuses, we recommend that you consider Bankrate's list of the best balance transfer credit cards.