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Introducing the US Bank Shield Credit Card
0% APR card, plus a $20 annual bonus
- Welcome bonus: 0% APR for 24 months (Purchase and Balance Transfer)
- Rewards: 4% on airfare, car rentals, and hotels (must be booked through the US Bank Rewards Center)
- Redemption: Direct cash back redemption
- Annual fee: $0
- Apply now>>
Benefits
- 0% APR on Purchases for 24 months: After charges post, each month you only need to pay the minimum payment, not the full balance, and no interest is charged. Be sure to pay the entire balance in full at month 23 to avoid interest afterward. Practical Use of 0% APR Purchases and Balance Transfers
- 0% APR on Balance Transfers for 24 months: This is not really practical for most people, because while BT has no interest, BT carries a 5% fee, meaning transferring $100 in balance costs $5. That is like a 2-year, 5% fee, 0% interest loan—so try it only if you really need it.
- $20 Yearly: Spend on the card for 11 consecutive months in a year to receive a $20 Statement Credit.
- $600 Phone Insurance: Pay your phone service and wireless bill with this card, and you automatically receive $600 phone insurance. Details: Introduction to Credit Card-Provided Phone Insurance Benefits (Dell iPhone Protection)
My Take
This card is actually pretty interesting: no annual fee, and you can effectively earn $20 back with monthly spending. It gives you at least one reason to keep it for the long term. After the intro period, though, this card does not offer cash back or 0% APR, so it functions mainly as a backup card. If you have a US Bank card you don’t use anymore, you might consider moving it to this one to preserve your credit history while still getting $20 a year. If you later see a better US Bank card, you can just switch over and transfer.
Application
- US Bank application status check link. Or call: 800-947-1444
- When you apply, US Bank may check the two smaller credit bureaus SageStream & ARS credit reports, so you may consider freezing them before applying
- You can only earn the welcome bonus on the same US Bank credit card once
- You can call the reconsideration line (800-947-1444) to speed up the credit card approval process or to have a denied application reviewed again.
- US Bank is relatively sensitive to HPs and new accounts. Having a US Bank Checking account can help with getting approved for a credit card
- More about applying for US Bank credit cards