U.S. Bank Launches U.S. Bank Shield Card

U.S. Bank has launched the U.S. Bank Shield Visa card. Card offers the following:

• $0 annual fee
• 0% APR on purchases and balance transfers for 24 billing cycles (5% balance transfer fee)
• Earn a $20 annual statement credit for 11 consecutive months of purchases
• 4% cash back On prepaid air, hotel and car reservations booked directly in the Rewards Center when you use your card

Balance transfer fee kills the usefulness of this for a lot of people as other purchases don’t earn rewards, but I guess it could still be useful for purchases if the credit limit is high enough.