topic Re: Applied for a US Bank CC in Credit Cards

Applied for a US Bank CC (Updated)

To-Be-Continued — Mon, 09 Jul 2012 13:33:46 GMT

Declined! Called for a reconsider was told my file is to thin and they can't reconsider! He said I need at least 2 years CC history I only have a little over 1 on 3 cards and 6 months on discover. Man Am I pi$$ed that I wasted that inquiry. They pulled TU @ a 794. :smileymad:

TBC

Re: Applied for a US Bank CC

Crashem — Thu, 21 Jun 2012 12:58:04 GMT

Us bank is conservative. Research is your friend.

Re: Applied for a US Bank CC

To-Be-Continued — Thu, 21 Jun 2012 13:45:58 GMT

Yes, I know but with my scores and income I figured I had a real good chance. It is a shame too because now they will be on my black list.

TBC

Crashem wrote:
Us bank is conservative. Research is your friend.

Re: Applied for a US Bank CC

Crashem — Thu, 21 Jun 2012 13:50:31 GMT

Problem is people are too in love with scores. Thin and newish file (whether really new or just rebuilding) should always discount the score. I can get a college student a high 700s score in 6 months to 1 year from no credit file. Doesn't mean they can get any card. Your profile looks similar to them. Some lenders give more weight to pure scores and probably worth looking at those lenders.

Re: Applied for a US Bank CC

To-Be-Continued — Thu, 21 Jun 2012 14:39:42 GMT

Crashem wrote:
Problem is people are too in love with scores. Thin and newish file (whether really new or just rebuilding) should always discount the score. I can get a college student a high 700s score in 6 months to 1 year from no credit file. Doesn't mean they can get any card. Your profile looks similar to them. Some lenders give more weight to pure scores and probably worth looking at those lenders.

My AAOA according to Myfico is 4 years and my oldest account is 15 years. The past couple years I decided to get credit cards.( never needed them) I have several paid car loans and some active ones along with paid off personal loans. It was the thin CC file, not total credit file. They want revolving history and nothing else.

TBC

Re: Applied for a US Bank CC

navigatethis12 — Thu, 21 Jun 2012 14:45:39 GMT

To-Be-Continued wrote:
Declined! Called for a reconsider was told my file is to thin and they can't reconsider! He said I need at least 2 years CC history I only have a little over 1 on 3 cards and 6 months on discover. Man Am I pi$$ed that I wasted that inquiry. They pulled TU @ a 794. :smileymad:

TBC

You could ring and try again. Maybe another person will look at your other history and approve you. I would not put a company on a blacklist because they deny you; no company is obligated to give anyone credit.

Re: Applied for a US Bank CC

To-Be-Continued — Mon, 09 Jul 2012 13:36:58 GMT

Approved! Took 2 weeks in underwriting called the underwriting app status hot line today , said congratulations you have been approved. Not sure of the limit but will update.

TBC

Re: Applied for a US Bank CC

bamagirl1 — Mon, 09 Jul 2012 13:40:19 GMT

Congrats! so did you call and talk to underwriting after you were denied??

I love my Cash+ card so far!!

Re: Applied for a US Bank CC

To-Be-Continued — Mon, 09 Jul 2012 13:49:04 GMT

Well after the failed recon I sent them an email, a few days later I got a call from a very nice lady who went over my app with me. She said she see's no reason for the denial and is resubmitting everything. A few days later she gave me a call saying it is still in underwriting and she will be out of her office for a few days for the 4th but she would give me a call as soon as she got back. Well I was curious so I called the app hotline and found out I was approved. When she calls me this week I will find out my limit.

TBC

Re: Applied for a US Bank CC

bamagirl1 — Mon, 09 Jul 2012 13:55:09 GMT

You actually don't have to wait for her to call you back..I think it gives a balance transfer option and you can select that, I was considering a balance transfer and wanted to know my CL and APR..

Congrats!

Re: Applied for a US Bank CC

BCF — Mon, 09 Jul 2012 14:03:23 GMT

Man that's much sweeter than instant approval!

Re: Applied for a US Bank CC

bamagirl1 — Mon, 09 Jul 2012 14:05:23 GMT

oh I forgot to ask, what card did you app for??

Re: Applied for a US Bank CC

To-Be-Continued — Mon, 09 Jul 2012 14:21:54 GMT

bamagirl1 wrote:
You actually don't have to wait for her to call you back..I think it gives a balance transfer option and you can select that, I was considering a balance transfer and wanted to know my CL and APR..

Congrats!

Is that automated?

TBC

Re: Applied for a US Bank CC

Crashem — Mon, 09 Jul 2012 14:23:36 GMT

Congrats and good persistence.

Re: Applied for a US Bank CC

To-Be-Continued — Mon, 09 Jul 2012 14:29:20 GMT

bamagirl1 wrote:
oh I forgot to ask, what card did you app for??

Visa Platinum Card. Non rewards. I wanted a high limit low APR card to carry balances on.

TBC

Re: Applied for a US Bank CC

bamagirl1 — Mon, 09 Jul 2012 14:32:28 GMT

TBC--

when you call the approval line, it's automated but when I selected balance transfer option I actually spoke to someone..They were very nice and were able to give me everything I need in reference to my new card, APR, limit etc..

Re: Applied for a US Bank CC

RockinRay — Mon, 09 Jul 2012 14:54:29 GMT

bamagirl1 wrote:
TBC--

when you call the approval line, it's automated but when I selected balance transfer option I actually spoke to someone..They were very nice and were able to give me everything I need in reference to my new card, APR, limit etc..

+1 - I did the same thing and found out my CL as well as my APR. Really nice people to talk with!

Re: Applied for a US Bank CC

To-Be-Continued — Mon, 09 Jul 2012 15:25:16 GMT

Thanks, I was going to give up but then I figured I had nothing to lose.

Crashem wrote:
Congrats and good persistence.