Cash+ Requirements

[Blurbz]

Does anyone know the underwriting requirements for this card? I applied yesterday because I had to switch banks due to a move and went with US Bank. I have a 680-705 fico, one paid credit card charge off from 2008, an income of 125,000 and roughly 70k in student loans. I also recently opened 2 new accounts (within the last two months).

[pkosheta]

As I recall, it has been said that US bank does not like recent apps. They are not as strict about it as PenFed, but 2 in 2 months may hurt you some, or cause a flat out denial, but if your credit is good they may let it slide if you have a relationship w. them.

[SwiftTone]

If you didn't know already, you can only apply at a branch. So if you can't go to a branch, you can't apply

[bryan8392]

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@SwiftTone wrote:

If you didn't know already, you can only apply at a branch. So if you can't go to a branch, you can't apply

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I went to a branch myself, but many people have said that they called in and applied.

[Blurbz]

Was approved for a 4k cash rewards card--simple 1% cash back.  Not particularly interesting to me.  Called the backdoor number and asked for Cash+ and they're working on it.  Kind of annoying!  

[Blurbz]

UPDATE:  After getting approved for the Cash Rewards card at 4K, I called the underwriting department (number from the backdoor numbers thread!) and asked if I could get reconsidered for a 5K limit and the Cash+ instead.  Underwriting told me it was possible and that I had to call the bank branch where I applied and ask them to do it.  The guy from underwriting gave me his extension to give the branch so they could communicate about the logistics of doing a manual review/reconsideration.  They called this morning and I was approved for 5k and the Cash+.  Very happy and very impressed with the level of customer service I received.  

[Themanwhocan]

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@Blurbz wrote:

UPDATE:  After getting approved for the Cash Rewards card at 4K, I called the underwriting department (number from the backdoor numbers thread!) and asked if I could get reconsidered for a 5K limit and the Cash+ instead.  Underwriting told me it was possible and that I had to call the bank branch where I applied and ask them to do it.  The guy from underwriting gave me his extension to give the branch so they could communicate about the logistics of doing a manual review/reconsideration.  They called this morning and I was approved for 5k and the Cash+.  Very happy and very impressed with the level of customer service I received.  

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US Bank underwriters can't switch your card to a Cash+, but the regular CSR's can. Just call the number on the back of your card. It helps if you've had the card for 4 months or so, then someone has probably already reviewed your card and approved it for cash+ ahead of time, which makes the call extremely quick and painless.