Credit cards have various types depending on the needs, and the preferences of the consumers. Looking at the aforementioned requirements and noting that there is no perfect credit card, one can only propose a choice that seems optimal, given the parameters we have identified: the U. S. Bank Platinum Card.
This card is for everyone who needs a good client of a credit union with low-interest rates, great potential bonuses, and easy ways to manage the card. I think it would be best to take a closer look at the key facts that make this card desirable for many people.
Key information about the credit card
How does the annual fee work?
The $0 annual fee for the U. S. Bank Platinum Card is also quite an attractive feature of the credit card. In the realm of credit cards, fees such as annual can be a strong discouragement to those who will be using the cards, especially those looking for one with no fees. No annual fee is also good as it signifies that one can utilize all the offered by the card services without having to bear the yearly’s extra charge.
How is the credit limit determined?
The credit limit you are likely to get when applying for the U. S. Bank Platinum Card is dependent on; the credit score, income, and other credit facilities you already have. While the money put in is the only determinant of the balance of a prepaid card, the platinum card has a limit determined by the financial rank given by the bank.
Advantages of the credit card
- Low introductory APR: Enjoy the available no introductory interest rate on purchases and balance transfers for the first 21 billing cycles.
- No annual fee: Undoubtedly, using all of the card’s perks without the annoyance of an annual cost is the best, so that is the goal.
- Credit score access: Check your credit score at any time through the app or through the online banking system, it is free for U. S. Bank.
- Cell phone protection: Being an Identity Theft protection credit cards you get up to $600 reimbursement if your cell phone is stolen or damaged when you pay your bill with the card.
- Auto pay and due date choice: Do not be charged any extra amount such as interest and fees for late payment by being able to set up an automatic payment mechanism or by making payments at a convenient time.
- ID Navigator Powered by NortonLifeLock™: Secure personal identity with tools that will also alert you of the dangers that may surround you.
Standout advantage
The best feature of the U. S. Bank Platinum Card is clearly that the card starts with no interest on any purchase for the first 21 billing cycles. This inhibits the interest charges because cardholders are given an extended period during which they can make big purchases or transfer some balance without attracting interest charges which are very essential financially and flexibly.
Disadvantages
- Foreign transaction fee: Three percent of the face value of each foreign purchase transaction or ATM advance.
- Balance transfer fee: 5% of each transfer amount with condition that fee cannot be less than 5$.
- No rewards program: However, unlike most other cards, the Platinum Card specifically does not include a rewards program.
A standout disadvantage
To sum up, the major drawback of the U. S. Bank Platinum Card is a 3% foreign transaction fee. The major drawback of this fee is that it negatively accumulates especially for the frequent travelers or those who are purchasing products from international sellers, thus making the card less suitable for international usage.
Who can apply for this card?
The U. S. Bank Platinum Card is thus for the U. S. residents and are provided to those who qualify. The applicant should not be younger than 18 years, must have a valid SSN and credit rating should be good to excellent. The card is not offered to people with adverse credit reports whereby there are lots of red flags on their credit history.
How to apply for the U. S. Bank Platinum Card
For the website
To apply online, first go to the webpage of the U. S. Bank and then locate on the Platinum Card application page. Complete personal details, income, and employment information to meet the fields that are mandatory for completing the census. If you’ve applied for a loan, then it only takes sixty seconds to make a decision on the application that you have lodged.
The online application is safe and user-friendly enabling the candidate to apply from the comfort of her or his home. Make sure that you have all the documents that would be required with the application such as; income proof and identification documents.
Through the app
The convenience of the U. S. Bank mobile app is that it allows you an easy way to apply for the Platinum Card. The App is available from the Android play store and Apple Store; register if not already a user. We got to the credit card view and proceeded to choose the platinum card.
The process of the application through personal assistance of the app is similar to the online application – same information must be given and gets approved shortly. The is also used to keep track of the status of your application once you applied for a card and to interact with the card once issued, if you were approved.
At the branch
For the people who prefer the kind of communication on which you can build a more friendly relationship, it is possible to apply online, but there is also a possibility to apply at the local U. S. Bank branch. It is recommended to go to your local branch and discuss the matter with an officer of the bank in regards to the Platinum Card.
They will help you through each step of the application that you may have, address any concerns that you might have and will assist you with the forms that you may need to fill. It is recommendable to apply in person since if you have questions or you require help when filling the application then you can easily be helped. Also, there is an opportunity to immediately get help and communicate with the company’s employees from the bank’s side.
