How to Do a Balance Transfer With U.S. Bank

Updated: June 11, 2024

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Initiating a balance transfer with U.S. Bank is simple. You can do it online, and it’s usually completed within 14 days.

U.S. Bank is one of the few issuers that offers a card with a 0% introductory APR on balance transfers for 21 months, one of the longest no-interest periods on the market. The extended 0% intro APR period is ideal for consolidating debt while avoiding interest charges.

KEY TAKEAWAYS
  • Balance transfers with U.S. Bank can take up to 14 days to process, so plan accordingly to avoid any gaps in payment schedules.
  • Transfers must be completed within 60 days of account opening to qualify for introductory APR offers.
  • The U.S. Bank Visa® Platinum card features a 21-month 0% intro APR period on balance transfers, one of the longest no-interest offers you can find.

How to Do a U.S. Bank Balance Transfer

Doing a balance transfer with U.S. Bank is a simple online process. New and existing cardholders go through the same process. If you don't already have a U.S. Bank card, you need to apply for one first.

How to Transfer Balances to a New U.S. Bank Card

  1. Compare U.S. Bank cards to find one that aligns with your financial goals, ideally with a 0% intro APR offer and no annual fee.
  2. Apply for your chosen card.
  3. Initiate a balance transfer after approval by following the steps below.

How to Transfer Balances With an Existing U.S. Bank Card

  1. Log in to your U.S. Bank account.
  2. Navigate to “Account Services” and select “Balance Transfer” under the “Payments” section.
  3. Choose an offer and provide the necessary information about the credit card you're transferring from. Review all the details and hit “Submit.”

What Happens After Submitting a U.S. Bank Balance Transfer Request

U.S. Bank typically processes balance transfers within 14 days. You'll know the transfer is complete when the balance shows up on your U.S. Bank account. To avoid late fees and penalties, continue paying your old card regularly until you can confirm that the transfer went through.

How to Check the Status of a U.S. Bank Balance Transfer

To monitor the progress of your balance transfer, log in to your U.S. Bank account. You can view the status of your transfer in the "Account Services" section or by contacting U.S. Bank customer service at 800-872-2657.

Considerations for U.S. Bank Balance Transfers

Before selecting a U.S. Bank card for a balance transfer, it's important to know the applicable terms and conditions.

    calendar icon

    Processing Time

    Balance transfers with U.S. Bank are usually completed within 14 days.

    smallCalculator icon

    Balance Transfer Amount

    You can transfer up to your available credit limit.

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    Introductory Period

    You must complete your balance transfer within 60 days of account opening to benefit from the 0% intro APR offer.

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    Balance Transfer Fee

    A fee of 3% to 5% of the transfer amount applies, with a $5 minimum.

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    Regular APR

    After the introductory period, the APR will be between 18.24% and 29.74% (variable), depending on your creditworthiness.

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    Transfer Restrictions

    Transfers between U.S. Bank cards are not permitted.

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    Credit Score

    You’ll need a good to excellent credit score to qualify for a US Bank card.

Best U.S. Bank Balance Transfer Credit Cards

Top balance transfer cards often feature an extended 0% intro APR period on balance transfers, minimal balance transfer fees and no annual fees. A long no-interest period gives you more time to pay off your balance without accruing interest, and reduced fees help lower the expense of moving your balance.

If you’re looking for the best U.S. Bank balance transfer card, the U.S. Bank Visa® Platinum card is a stand-out choice. It offers a 0% intro APR period on balance transfers for 21 months, one of the longest on the market. It doesn’t have an annual fee, but you have to pay a 5% (or $5, whichever is higher) fee for each transfer you make.

U.S. Bank Visa® Platinum Card

Balance Transfer Offer0% introductory APR for the first 21 billing cycle...
APR18.74% – 29.74% variable
Balance Transfer FeeEither 5% of the amount of each transfer or $5 min...
Recommended Credit670-850 (Good to Excellent)

For a well-rounded balance transfer card, the U.S. Bank Cash+® Visa Signature® card is an alternative. It features a 15-month 0% intro APR offer on balance transfers and no annual fee. Notably, it comes with up to 5% cash back on two categories of your choice, 2% cash back on your chosen everyday category and 1% cash back on all other purchases. Its balance transfer fee is also lower at 3% (or $5, whichever is higher).

U.S. Bank Cash+® Visa Signature® Card
Credit Card logo for U.S. Bank Cash+® Visa Signature® Card
MoneyGeek Rating
3.5/ of 5

Annual Fee$0
APR19.74%–29.74% variable
Rewards RateEarn 5% cash back on 2 categories of your choice (...
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MONEYGEEK EXPERT TIP

The best approach when paying off a 0% APR balance transfer is to divide your balance by the number of months the promotion lasts, then pay that amount each month. Although you are paying more than the minimum payment each month, you will be on track to pay off the balance before the 0% APR ends. Lee Huffman, credit card expert at BaldThoughts.com

FAQ About Balance Transfers With U.S. Bank

We answer some commonly asked questions about balance transfers with U.S. Bank to help clarify the process and provide you with the knowledge to make an informed decision.

How long does a U.S. Bank balance transfer take to process?
Is there a limit to how much I can transfer with U.S. Bank?'
Can I transfer a balance to a U.S. Bank business card?
Does a balance transfer with U.S. Bank affect my credit score?

If You’re Looking for More

Moving your balance to a U.S. Bank card could be a savvy financial strategy, especially if you're eyeing a 0% APR intro offer on balance transfers. It's a chance to streamline your debts and save on interest. However, it's not without its trade-offs.

Remember, you should weigh the allure of a no-interest period against your ability to pay off the balance before the promo period ends. Your financial situation is unique, and your specific conditions will determine whether a balance transfer is the best move in managing your credit card debt.

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


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