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How would you like to sail into 2020 without paying a dime of credit card interest? If so, the U.S. Bank Visa Platinum Card may be the perfect addition to your wallet. That’s because the card just lengthened its 0% intro APR period from 18 months to 20 months! This means you’ll now get a 20-month 0% intro APR on purchases and balance transfers. The U.S. Bank Visa Platinum Card has a 3% balance transfer fee ($5 minimum), but this one-time fee is likely worth paying when you consider how long the 0% intro APR period is. While this new intro APR period is pretty impressive, it’s not the only thing the U.S. Bank Visa Platinum Card has to offer. Keep reading to see if this card is right for you.

What does the U.S. Bank Visa Platinum Card offer?

U.S. Bank Visa Platinum Card
  • Get a 20-month 0% intro APR on purchases and balance transfers (with a 3% balance transfer fee, $5 minimum).
  • Pay no annual fee.
  • Choose a payment due date that fits your schedule.
  • Get up to $600 protection on your cell phone against covered damage or theft when you pay your monthly cell phone bill with your U.S. Bank Visa Platinum Card. Note that there’s a $25 deductible per claim.

The U.S. Bank Visa Platinum Card, which is available to those with excellent credit (usually considered a credit score of 750 or higher), is a no-frills low APR card. As noted above, you’ll get a 20-month 0% intro APR on purchases and balance transfers (with a 3% balance transfer fee, $5 minimum). On top of that, the U.S. Bank Visa Platinum Card has no annual fee, and cardholders can choose their own payment due date, making it easy for you to align your card’s due date with your paycheck. Additionally, when you use your U.S. Bank Visa Platinum Card to pay your monthly cell phone bill, you’ll get up to $600 phone protection against covered damage or theft. It should be noted that you’ll have to pay a $25 deductible per claim and there’s a maximum of 2 claims per year.

Does the card have any downsides?

When it comes to low APR credit cards, the U.S. Bank Visa Platinum Card is hard to beat, which is why it’s rated our No. 1 low APR credit card. That said, since it’s only available to those with excellent credit, it’s likely not an option for everyone.

If you fit into the good credit category (meaning your credit score is around 700 or higher), you’ll probably want to consider the Wells Fargo Platinum Visa Card, which is available to those with good to excellent credit. You’ll get a slightly shorter 0% intro APR period of 18 months on purchases and balance transfers (with an intro balance transfer fee of 3% for transfers made in the first 18 months, then it’s 5%), but the card has no annual fee and offers similar mobile protection to the U.S. Bank Visa Platinum Card.

Those who have average credit (usually considered a credit score of 670 or higher) may want to look into the Discover it Cash Back card, which is available to those with good to excellent credit. This card’s 0% intro APR on purchases and balance transfers is for 14 months (with a 3% balance transfer fee) — after the intro APR expires, the go-to rate applies — but it earns ongoing cash back rewards on purchases. Cardholders earn 5% cash back in rotating categories each quarter they activate (up to the quarterly maximum, currently $1,500, then it’s 1% back) and 1% cash back on all other purchases. What’s more, Discover will match all of the cash back you’ve earned at the end of your first year as a cardholder. This means if you earn $400 cash back in your first year, Discover will match that $400 to give you a total of $800! While it doesn’t offer mobile protection like the previously mentioned U.S. Bank and Wells Fargo cards, it has no annual fee, charges no foreign transaction fees and offers a handful of added perks, including free identity theft alerts, special cardholder deals and more.

Should I apply for the U.S. Bank Visa Platinum Card?

The U.S. Bank Visa Platinum Card makes sense for anyone looking for a card with a long 0% intro APR. In fact, it’s the only card we review that offers a 20-month 0% intro APR on both purchases and balance transfers. The card’s mobile protection and ability to pick your own due date make it even more appealing.

Check out our U.S. Bank Visa Platinum Card review to apply online. Also, visit our reviews of the best low APR credit cards to see how it compares to the other cards we review.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.