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Is the US Bank Cash Plus Visa Signature Card Good for Balance Transfers?
If you have debt that keeps piling up on a credit card and you can't seem to get out from under it because you keep having to pay a high interest rate. Then you need to be looking for the longest 0% Balance Transfer Credit Card Offers. These offers can help you transfer that debt to a new card with introductory 0% rates. Allowing you to pay off the principal balance and not additional interest. This is a good way to knock down some of your debt which can help boost your credit scores. In this review we will take a look at the US Bank Cash Plus Visa Signature Card and what they have to offer for you to make a decision on if this is the right Balance Transfer Offer. We hope this article will help you answer your question of Is the US Bank Cash Plus Visa Signature Card Good for Balance Transfers?
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What does the Cash Plus Visa Signature Card have to Offer in Terms of Balance Transfers?
New card members of the US Bank Cash Plus Visa Signature Card offers an introductory rate of 0% for 12 months from date of account opening. Balance transfers must be completed within 60 days of account opening. If you are not able to complete a balance transfer within the 60 days of account opening then the introductory rate of 0% is not available.
The same introductory rate of 0% for 12 months does not apply on purchases. See below for APR interest of purchases. There are other cards that offer a 0% introductory rate and term such as the Discover It Cash Back Card.
Click HERE for our current ratings of the Best Prepaid Cards including the Best Overall No Fee Visa Card and see how this card compares to others.
Does the US Bank Cash Plus Credit Card have a low APR Interest Rate after the Introductory Offer?
After the introductory interest rate of 0% for 12 months is up your interest rate will range from 15.49% – 25.49%, based on your creditworthiness. These rates are starting to get on the high side compared to other credit card companies. Keep in mind these rates will vary base on the Prime Rate.
- Balance Transfer Rate – 0% introductory APR for 12 months from date of account opening; after that your variable APR for purchases will be 15.49% – 25.49% based on your creditworthiness. Balance transfers must be completed within 60 days of account opening.
Whether you are looking for a break from current interest rates with a 0% APR for only 6 months or up to 18 or 21 months, you will find our current offers here.
Are there any Fees that Apply to the US Bank Cash Plus Visa Signature Credit Card?
Balance Transfers – 3% fee or $5.00 which ever is greater. As far as we can this fee applies during your introductory offer.
Late Fees – Up to $40. There are other cards that never charge for late payments. Check out the Citi Simplicity Balance Transfer MasterCard.
Penalties – No Penalty APR.
Annual Fee – No Annual Fee.
Cash Advances – $10 or 4% whichever is greater. APR for cash advances is 25.49% and will vary based on the Prime Rate. There are other fees for different types of cash advances. Such as ATM cash advance fee is $5 or 3% whichever is greater.
Foreign Transaction – 2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars or 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency
Are there any perks to having the Cash Plus Card?
This card offers a decent rewards program.
- Earn 5% on your first $2,000 in combined eligible net purchases each quarter on two categories you choose
- Earn 2% on one everyday category, like gas stations, grocery stores or restaurants
- Earn 1% on all other eligible purchases (see terms and conditions for more details)
You can redeem your rewards as a statement credit, or as cash into a US bank account or as a gift card.
Plus, earn a $150 bonus after you apply online and spend $500 in eligible net purchases within the first 90 days of account opening.
Bottom Line: Is the US Bank Cash Plus Visa Signature Card Good for Balance Transfers?
The balance transfer term of 12 months is not the best term in comparison to what other credit card companies are offering these days. In fact this is below average in regards to the introductory term length. Even if you have done the math to determine you could pay off your debt in 12 months we still wouldn't recommend this card, even for the rewards. Just be aware, you will get hit with the balance transfer fee as soon as you transfer a balance in the introductory period. There are other cards out there with longer terms and no introductory fees, see link below. But we do like there is no penalty APR and no annual fee. The rewards program is one of the better rewards programs we have seen. But we still wouldn't recommend this card for balance transfers.
We hope this article has helped you in answering your question of: Is US Bank Cash Plus Visa Signature Card Good for Balance Transfers?
Finally, please consider writing your review of the US Bank Cash Plus Visa Signature Card Balance Transfer Offer below- it only takes a few mins and will help others.
Related Articles to the US Bank Cash Plus Credit Card:
Click HERE for our current ratings of the Best Prepaid Cards including the Best Overall No Fee Visa Card and see how this card compares to others.
Whether you are looking for a break from current interest rates with a 0% APR for only 6 months or up to 18 or 21 months, you will find our current offers here.
Editorial Note!:
“The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, including this review and the reviews written by actual cardholders below.
