Credit cards offer you a chance to buy items today and pay for them later, which makes them a great financial tool. Getting a credit card can be a challenge for most people who don't enjoy dealing with banks. But today, thanks largely to tech advancement, you don't have to apply in person.
Not all banks offer you the chance to apply for their credit card from the comfort of your own home, but U.S. Bank is one that allows you to apply from the comfort of your couch.
Read on to learn more about U.S. Bank's Visa Platinum Card, the benefits that come with this credit card, and how you can apply.
Features and Benefits of the U.S. Bank Visa Platinum Card
Like most credit cards on the market, this one has a number of benefits that you can enjoy as a cardholder. One of the benefits that come with this credit card is that you can choose your own payment due dates. This enables you to choose whenever it is convenient for you to make your payments.
Another benefit is a free credit check. For most cards, you don't get your credit score for free, but with this card, you get info on your credit from TransUnion. You can also opt for auto-payment so you don't have to keep track of your payments.
Another advantage you get with the card is that you're notified of any unusual activity on your card before it gets out of hand. This can and will protect you from any fraudulent activity in the event of a lost card or hijacked credentials.
Eligibility Requirements
You have to meet certain requirements before you can apply for the card, one of them being that you need to be a U.S. citizen. You have to also be at least 18 years old to apply for this card and be either employed or self-employed.
You have to produce the required documents to prove that you meet the requirements too. For example, you need your latest payslip to prove you have an ongoing salary.
If you're self-employed, you have to produce a bank statement showing activity in your account for the last three months.
How to Apply
To apply for this card, you can opt to visit any branch of the bank that's near you and apply in person. The application process is quite easy, as you have to fill in your personal details first, followed by your financial details.
But, if you want to apply online, just visit the bank's official website. Once you are there, click on the credit cards menu and. You'll be redirected to the next page where you will find a number of cards that the bank offers.
Now, click on the Visa Platinum card, and on the next page, click on the “Apply Now” button to begin your application process. Your application is then reviewed, and you'll get a decision on the card within just 60 seconds of the application.
Interest and Fees
As with any credit card, there are rates and fees to be aware of.
- Annual Fee - $0
- APR - 14.49% to 24.49% variable
- Balance Transfer APR - 0% introductory APR for first 20 billing cycles, after that 14.49% to 24.49% dependent on creditworthiness
- Cash Advances APR - 25.99%
- Balance Transfer Fee - 3% or $5 minimum, whichever is greater
- Convenience Check Cash Advance fee - 3% or $5 minimum, whichever is greater
- Cash Advance ATM Fee - 5% or $10 minimum, whichever is greater
- Overdraft Protection - None
- Foreign Transaction Fee - 2% for each foreign purchase transaction or ATM advance in U.S. Dollars, or 3% for each foreign purchase transaction or ATM advance in a Foreign Currency
- Late Payment Fee - up to $40
- Returned Payment Fee - up to $40
- Overlimit Fee - None
U.S. Bank's Contact Info
To get in touch with the bank concerning this specific card, you can call U.S. Bank at 1-877-592-9209.
You can also contact them via their mailing address at 425 Walnut Street, Cincinnati, Ohio 45202.
To speak with a representative in person, find the location nearest you and schedule a visit.
Conclusion
If you're in the market for an average user card, this is the card that you want to be looking at. With low intro APR coupled with no annual fees, the card is also one of the easiest cards to maintain.
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.
