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The Union Bank® Platinum™ Visa® Credit Card used to be an excellent option for refinancing credit card debt. It was the rare card offering both a 0% intro APR on balance transfers and no balance transfer fee on transfers completed within the first 60 days. After U.S. Bank's acquisition of Union Bank, this card is no longer available. See some alternatives and learn what else this card offered in our full Union Bank® Platinum™ Visa® Credit Card review.
Credit card comparison
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Best for cash back on rotating categories
Discover will match all the cash back you’ve earned at the end of your first year.
1% - 5% Cashback
Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.
Intro:
Purchases: 0%, 15 months
Balance Transfers: 0%, 15 months
Regular:18.49% - 27.49% Variable APR *Rates as of December 12, 2024.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Best for cash rewards on everyday spending
$200 cash rewards
Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
2% cash rewards
Earn unlimited 2% cash rewards on purchases.
Intro:
0% intro APR for 12 months from account opening on purchases and qualifying balance transfers
Purchases: 0% intro APR, 12 months from account opening
Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Best for unlimited rewards on purchases
25,000 points
25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
1.5 points per dollar
Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees, and your points don't expire as long as your account remains open.
Intro:
0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.49% - 28.49% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers.
Purchases: 0% Intro APR for 15 billing cycles for purchases
Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days
This credit card was a good fit for: Consumers interested in avoiding credit card interest charges, either on existing debt or new purchases.
Pros
0% intro APR
Low intro balance transfer fee offer
No annual fee
Purchase security
Cons
No rewards
Foreign transaction fees
Top perks
The Union Bank® Platinum™ Visa® Credit Card offered a few high-value benefits.
0% intro APR for 15 months
This credit card had a 0% intro APR on purchases and balance transfers for the first 15 months. So, you could use it to pay for expensive new purchases or transfer over any credit card debt costing you money. In either case, it provided 15 months to pay off everything without any interest charges.
That's not the absolute longest offer we've seen, but it's competitive with other 0% APR credit cards. And while many of these cards have a great intro APR offer on purchases or balance transfers, the Union Bank® Platinum™ Visa® Credit Card offered the same low rate on both.
Low intro balance transfer fee offer
This card had a $0 introductory balance transfer fee for transfers completed within 60 days of account opening. After that, each transfer had a 3% fee with a $10 minimum.
The main reason to get a low interest credit card is to save money. You save more when your card doesn't have any extra fees, like an annual fee. This credit card from Union Bank didn't charge an annual fee.
Purchase security
The Union Bank® Platinum™ Visa® Credit Card had complimentary purchase security, its term for purchase protection. This benefit covered eligible items bought with the card that are damaged or stolen, up to a coverage maximum of $500 per claim and $50,000 per cardholder.
What could be improved
There were a couple of drawbacks to this Union Bank card.
No rewards
This credit card didn't earn any rewards, either in the form of cash back or points. Some cards have a 0% intro and allow you to earn rewards on your purchases.
Interested in earning rewards? Check out Motley Fool Money's picks for the best rewards credit cards.
Foreign transaction fee
The Union Bank® Platinum™ Visa® Credit Card charged a 3% foreign transaction fee. This applied to purchases made outside the United States and with international banks.
Suggested credit score
A FICO® Score of 670 or higher was suggested when applying for the Union Bank® Platinum™ Visa® Credit Card. It was aimed at consumers with good credit or excellent credit.
The Union Bank® Platinum™ Visa® Credit Card was one of the top options for consumers who wanted to save money on credit card debt with a balance transfer offer. Since it's no longer available, make sure to check out other credit card reviews to find one that fits your needs.
Our credit card methodology
At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.
FAQs
The Union Bank® Platinum™ Visa® Credit Card was a balance transfer credit card. It's no longer available due to U.S. Bank's acquisition of Union Bank.
The Union Bank® Platinum™ Visa® Credit Card offered a 0% intro APR for 15 months on purchases and balance transfers. It also had a $0 intro balance transfer fee for transfers completed within the first 60 days.
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We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Wells Fargo is an advertising partner of Motley Fool Money. Discover Financial Services is an advertising partner of Motley Fool Money. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. JPMorgan Chase is an advertising partner of Motley Fool Money. Lyle Daly has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, JPMorgan Chase, PayPal, Target, U.S. Bancorp, and Visa. The Motley Fool recommends Discover Financial Services and recommends the following options: long January 2027 $42.50 calls on PayPal and short December 2024 $70 calls on PayPal. The Motley Fool has a disclosure policy.
The Motley Fool owns shares of and recommends Visa.
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