USBank Denial.

[Anonymous]

Applied for the Cash+ visa signature last week.

Just got the denial letter today. (It was crazy of me to apply in the first place)

• They cited too many inquiries
• Average time bankcards have been open to short
• Too many revolving trades with bal to credit limit ratio 100% or more (What!?!?)

They pulled Equifax: used the Fico Beacon 5.0 score I had a 681

[Anonymous]

I forgot to mention that none of my accounts are even close to 100% utilization my overall utility is 3% and I believe the highest utility on one card is 2%

[CreditCuriosity]

Us Bank is a weird lender just like other very conservative lenders.   Having a banking relationship will help out as they are more-so a relationship bank.

[CreditMagic7]

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@CreditCuriousity wrote:

Us Bank is a weird lender just like other very conservative lenders.   Having a banking relationship will help out as they are more-so a relationship bank.

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+1

US Bank seems to sour on peeps with no relationship. I did hold (1) card with them for 5 years and ALL my other cards that came after them zoomed well beyond that US Bank card which i finally closed last year. I also had no banking relationship with them.

That being said now that they dotted your credit report with a wasted HP, they will likely return to SP at some point and if they like your profile they could very well send you out a mailer. Remote chance but that DOES happen.