You should make a plan on how you’ll pay off your balance before you transfer it. U.S. Bank cards come with intro APR periods ranging from 12 to 21 months. Paying off your balance within this time frame will prevent you from accumulating more debt. To calculate your monthly payments, divide the total amount you owe (including the balance transfer fee) by the length of the interest-free period.
Tip: Setting up automated payments is an easy way to pay your full balance before the intro period ends. This can also help you avoid missing a payment, which can negatively impact your credit score. Missing a payment can result in you losing the 0% intro rate and trigger a higher penalty APR.
Learn more about what happens if you miss a credit card payment.
| Card | Balance Transfer fee |
|---|---|
| U.S. Bank Visa® Platinum Card | An introductory fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater, for balances transferred within 60 days of account opening. After that, either 5% of the amount of each transfer or $5 minimum, whichever is greater. |
| U.S. Bank Cash+® Visa Signature® Card | Either 3% of the amount of each transfer or $5 minimum, whichever is greater |
| U.S. Bank Altitude® Go Visa Signature® Card | Either 3% of the amount of each transfer or $5 minimum, whichever is greater. |
| U.S. Bank Altitude® Connect Visa Signature® Card | Either 3% of the amount of each transfer or $5 minimum, whichever is greater. |
If you already have a U.S. Bank credit card, you can request a balance transfer online or through the U.S. Bank mobile app. Start by logging in to your online account and follow these steps:
You can also use the Smart Assistant with U.S. Bank’s online banking or mobile app. Just open the Smart Assistant and say, “make a balance transfer” or “transfer a balance.” The virtual assistant walks you through the balance transfer process, allowing you to use voice or text to answer questions.
If you don’t see an option to request a balance transfer online or through the app, you can request a transfer over the phone by calling U.S. Bank at 800-285-8585. Keep in mind, however, that balance transfers do not count as eligible credit card purchases to earn rewards.
Balance transfers with U.S. Bank can take up to 14 days to complete. This includes the time it takes to process and approve the transfer request, send payments to designated payees and deposit the transfer total to your credit card’s balance. You can check the status of your request by calling the number on the back of your U.S. Bank credit card or the consumer credit card service department number (800-285-8585).
Tip: U.S. Bank also offers a balance transfer savings calculator online and through the U.S. Bank mobile app. To use the savings calculator, follow these steps:
1. Select the card you want to transfer a balance to.
2. Online banking: Choose “Account services” located to the right of “Activity.”
Mobile app: Choose “Account options,” then select “Transfer a balance.”
3. Online banking: Select “Balance transfer” within the “Payments” section.
Mobile app: Select “Estimate your savings.”
4. Enter the amount to transfer and the APR of the account you’re transferring from.
5. Select “Calculate savings.” Your potential savings are shown with each offer below the calculator.
Balance transfers allow you to pay off different types of debt. U.S. Bank accepts balance transfers for:
You can’t transfer the balance of an existing U.S. bank card or loan balance to another U.S. Bank card.
Not all credit cards offer the ability to transfer balances. The easiest way to determine whether it’s an option is to read your card’s terms and conditions.
Your credit card’s terms and conditions provide information on various details, including promotional offers, APR ranges and card fees. If your card allows balance transfers, the offer would be listed towards the top of the terms and conditions, like so:
The terms and conditions list introductory APR offers, including the offer length, balance transfer fee and the ongoing APR after the offer period ends.
| Credit Cards | Our Ratings | Intro Balance Transfer APR | Regular Balance Transfer Rate | Balance Transfer Fee | |
|---|---|---|---|---|---|
U.S. Bank Visa® Platinum Card*
|
0% intro APR for 21 billing cycles on Balance Transfers | 18.24% - 29.24% (Variable) | An introductory fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater, for balances transferred within 60 days of account opening. After that, either 5% of the amount of each transfer or $5 minimum, whichever is greater. | ||
U.S. Bank Cash+® Visa Signature® Card*
|
0% Intro APR on balance transfers for the first 15 billing cycles | 19.49% - 29.74% (Variable) | Either 3% of the amount of each transfer or $5 minimum, whichever is greater | ||
U.S. Bank Altitude® Go Visa Signature® Card*
|
0% for 12 billing cycles on balance transfers | 17.74% to 28.74% (Variable) | Either 3% of the amount of each transfer or $5 minimum, whichever is greater. | ||
U.S. Bank Altitude® Connect Visa Signature® Card*
Review Coming Soon
|
N/A | N/A | 20.49% - 28.49% (Variable) | Either 3% of the amount of each transfer or $5 minimum, whichever is greater. | Review Coming Soon |
A U.S. Bank balance transfer is a good idea if you’re struggling to pay off large amounts of high-interest credit card debt. U.S. Bank offers a few cards with long intro APRs on balance transfers. For example, the U.S. Bank Visa® Platinum Card has a 0% intro APR for 21 billing cycles on Balance Transfers, then 18.24% - 29.24% (Variable). This gives you plenty of time to pay down your debt while saving hundreds to thousands of dollars in interest charges. Consolidating debt onto one credit card is also a great way to easily monitor and manage your payments in one place.
The information related to the U.S. Bank Visa® Platinum Card, U.S. Bank Cash+® Visa Signature® Card, U.S. Bank Altitude® Go Visa Signature® Card, U.S. Bank Altitude® Connect Visa Signature® Card and Wells Fargo Active Cash® Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
