wrote:I received a 7-10 day notice in response to my submitting my application this morning. I called the customer service number who said the response was that they weren't recommending approval. I asked for reconsideration and was transferred to the underwriting department. He said he would resubmit the application and to wait for a response in the mail or call back Tuesday or Wednesday. I am thinking of calling on Monday. Hopefully, I will speak with someone who can do the review in real time with me on the phone so I can explain my situation. I do not want a denial. This is stressful.
US Bank can be kind of conservative, and the scores in your signature are on the low end for approvals with them I think. What's keeping them down? Any recent lates, open COs, BK?
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Don't trust US Banks preapprovals. They are more marketing than anything else. Folks with a banking relationship seem to fair better when apping their cards.
US bank uses FICO classic 4 for credit card apps. It’s sort of late now, but your scores could differ quite a bit from FICO 8.
I have no idea how FICO 4 scores BK, maybe that’s the issue. Different scoring models account for different things.
Also if your BK is still reporting, I’m not sure how US bank is with that.
They are a super conservative lender, banking products with a long history or a substantial amount of assets will help you greatly with them IMO.
For recon’s. You want underwriting.
Google backdoor numbers myFICO and get the underwriting number. Call and talk to them. Maybe see if they can do anything for you, but US bank is mainly all manual reviews.
US bank has two different preapprovals that happen. We recommend is not a good chance. That’s their standard marketing.
When it says congratulations your preapproved for .... and it has a fixed APR. those are what you want.
But the site doesn’t make it seem like the first one is any different then the second one
I have no idea how FICO 4 scores BK, maybe that’s the issue. Different scoring models account for different things.
Also if your BK is still reporting, I’m not sure how US bank is with that.
They are a super conservative lender, banking products with a long history or a substantial amount of assets will help you greatly with them IMO.
For recon’s. You want underwriting.
Google backdoor numbers myFICO and get the underwriting number. Call and talk to them. Maybe see if they can do anything for you, but US bank is mainly all manual reviews.
US bank has two different preapprovals that happen. We recommend is not a good chance. That’s their standard marketing.
When it says congratulations your preapproved for .... and it has a fixed APR. those are what you want.
But the site doesn’t make it seem like the first one is any different then the second one
To help you out with a DP, I just received my $3500 US Bank+ last week with a TU FICO4 of 770.
Currently waiting on UW for a CL increase.
wrote:
My TU Fico 4 Score was 693 on 1/13. Since my TU Fico 8 score has gone up 12 points from 660 to 672 as of today, I expect my TU Fico 4 score to be over 700 today.
US Bank has a policy of no credit card lending for 5 years post bk. Since my bk was 2012, I am past the 5 year mark now. That should not be an issue. My fingers are crossed.
Another DP for you, i got my cash + with a TU fico 8 of around 648, not sure what my fico 4 is or was but I'd still think it's definitely lower than yours (plus I have a couple medical collections, 3 on TU but one is under $100 so I don't think it's counted, I'm sure they can still see it though)
Have you tried the automated app status phone line at all? I wonder if the csr you spoke to maybe gave you the wrong information or something, especially with all the approvals I've seen lately with similar scores (granted most including mine were $500 toy limit borderline approvals, but approvals nonetheless). The automated line seems like the most straightforward way to confirm or deny what the csr said though (and maybe also to check up on the status of your recon), lemme know if you want the number (I'd have to track it down lol otherwise I would've just posted it for you now.. in fact maybe I'll just look now and update this)
Anyway good luck and let us know what happens, I hope they were just misinformed or at worst that your recon pans out 
Edit: here's the number: 800-947-1444 - pretty sure app status is option 1 (I totally forgot there's also an online page where you can check but I had a ridiculously hard time with it and atter dicking around with it for a good 30 minutes I gave up and just called the number lol)