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Valued Contributor
CreditScholar
Posts: 2,300
Registered: ‎01-22-2012
0

Re: New US Bank CC


FinStar wrote:

CreditScholar wrote:

BearsAndTurtlesRtheBest wrote:
  • Get 10,000 Bonus Points when you spend $500 during the first 90-days after opening your account2 – that's $100 in rewards!

  • 0% Intro APR on purchases and balance transfers for the first 12 billing cycles and after that, a variable APR, currently 11.99% - 23.99%, based on your credit worthiness.

  • Earn 1 point for every dollar of net purchases (purchases minus credits and returns).

  • Redeem for real Rewards - travel, gift cards, cash back and more!

  • Award travel starts at 25,000 points for one airline ticket (up to a $400 value).

  • No annual fee.R

As soon as I saw the no annual fee in blue, I stopped reading the rest.


+1

 

LOL... Me too.   I would guess this product has it's target market/demographic.


+2. I think if they have to advertise the APR as a major selling point (since it's the 2nd item on the list), it's likely that the rewards will suck (and they do).

FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Super Contributor
enharu
Posts: 7,132
Registered: ‎02-27-2013
0

Re: New US Bank CC

This card looks very lackluster. It's like a ghetto version of the freedom and bank americard minus the bonus categories...

I guess they are being overly conservative after the cash+ racked up quite a bit of losses for the bank.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Super Contributor
longtimelurker
Posts: 8,198
Registered: ‎04-22-2013
0

Re: New US Bank CC


CreditScholar wrote:

FinStar wrote:

CreditScholar wrote:

BearsAndTurtlesRtheBest wrote:
  • Get 10,000 Bonus Points when you spend $500 during the first 90-days after opening your account2 – that's $100 in rewards!

  • 0% Intro APR on purchases and balance transfers for the first 12 billing cycles and after that, a variable APR, currently 11.99% - 23.99%, based on your credit worthiness.

  • Earn 1 point for every dollar of net purchases (purchases minus credits and returns).

  • Redeem for real Rewards - travel, gift cards, cash back and more!

  • Award travel starts at 25,000 points for one airline ticket (up to a $400 value).

  • No annual fee.R

As soon as I saw the no annual fee in blue, I stopped reading the rest.


+1

 

LOL... Me too.   I would guess this product has it's target market/demographic.


+2. I think if they have to advertise the APR as a major selling point (since it's the 2nd item on the list), it's likely that the rewards will suck (and they do).


I think all of you are missing the major selling point of this card:

   Redeem for real Rewards

 


When you think of all the cards you have that you either can't redeem for rewards at all, or have to redeem for imaginary rewards ("dinner for two on a magic carpet in the elves castle, 15,000 points"), this is a refreshing change!

Valued Contributor
Swapmeet
Posts: 1,569
Registered: ‎11-10-2012
0

Re: New US Bank CC

lol ^^^^



My Wallet:
WalMart: ||15k|| USAA Platinum MC: ||26k|| BCE: ||9k|| Chase Freedom Siggy: ||10k|| Discover it: ||6.5k|| SG Visa: ||11k||
USAA World MC: ||23k|| US Bank Cash+ Siggy: ||7.5k|| Citi TYP World MC: ||12k|| Barclays Arrival World MC: ||13k||Citi Double Cash World MC ||25k||Sallie Mae World MC ||18.8k||Fico Scores (3 Fico Monitoring): EQ 751,TU 749, EX 743. Last app: 9-12-14 Sallie
Established Contributor
FutureBillionaire
Posts: 650
Registered: ‎12-12-2012
0

Re: New US Bank CC

Yawn.

 

If they had bonus categories, I would have been all over it.  They called me the other day trying to offer me a card as well.

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Blogger
HiLine
Posts: 3,176
Registered: ‎10-19-2012
0

Re: New US Bank CC


CreditScholar wrote:

BearsAndTurtlesRtheBest wrote:
  • Get 10,000 Bonus Points when you spend $500 during the first 90-days after opening your account2 – that's $100 in rewards!

  • 0% Intro APR on purchases and balance transfers for the first 12 billing cycles and after that, a variable APR, currently 11.99% - 23.99%, based on your credit worthiness.

  • Earn 1 point for every dollar of net purchases (purchases minus credits and returns).

  • Redeem for real Rewards - travel, gift cards, cash back and more!

  • Award travel starts at 25,000 points for one airline ticket (up to a $400 value).

  • No annual fee.R

As soon as I saw the no annual fee in blue, I stopped reading the rest.


Why? I don't get it :robotfrustrated:

Valued Contributor
FinStar
Posts: 6,980
Registered: ‎10-21-2012
0

Re: New US Bank CC


HiLine wrote:

CreditScholar wrote:

BearsAndTurtlesRtheBest wrote:
  • Get 10,000 Bonus Points when you spend $500 during the first 90-days after opening your account2 – that's $100 in rewards!

  • 0% Intro APR on purchases and balance transfers for the first 12 billing cycles and after that, a variable APR, currently 11.99% - 23.99%, based on your credit worthiness.

  • Earn 1 point for every dollar of net purchases (purchases minus credits and returns).

  • Redeem for real Rewards - travel, gift cards, cash back and more!

  • Award travel starts at 25,000 points for one airline ticket (up to a $400 value).

  • No annual fee.R

As soon as I saw the no annual fee in blue, I stopped reading the rest.


Why? I don't get it :robotfrustrated:


The principle being, the rewards are lackluster for some individuals.  Think of CreditScholar's CC portfolio, lifestyle and spending habits.  This hardly stacks up.  Same for me.  However, that doesn't mean that this product (or rewards) doesn't fit someone's spend patterns or lifestyle.

Blogger
HiLine
Posts: 3,176
Registered: ‎10-19-2012
0

Re: New US Bank CC


FinStar wrote:

HiLine wrote:

CreditScholar wrote:

BearsAndTurtlesRtheBest wrote:
  • Get 10,000 Bonus Points when you spend $500 during the first 90-days after opening your account2 – that's $100 in rewards!

  • 0% Intro APR on purchases and balance transfers for the first 12 billing cycles and after that, a variable APR, currently 11.99% - 23.99%, based on your credit worthiness.

  • Earn 1 point for every dollar of net purchases (purchases minus credits and returns).

  • Redeem for real Rewards - travel, gift cards, cash back and more!

  • Award travel starts at 25,000 points for one airline ticket (up to a $400 value).

  • No annual fee.R

As soon as I saw the no annual fee in blue, I stopped reading the rest.


Why? I don't get it :robotfrustrated:


The principle being, the rewards are lackluster for some individuals.  Think of CreditScholar's CC portfolio, lifestyle and spending habits.  This hardly stacks up.  Same for me.  However, that doesn't mean that this product (or rewards) doesn't fit someone's spend patterns or lifestyle.


Oh OK. An annual fee would suggest a card worth having for him I see. Thanks for clarifying :smileywink:

Regular Contributor
MACFRME
Posts: 238
Registered: ‎07-04-2008
0

Re: New US Bank CC

For someone who PIFs, the rewards on Cap1's Quicksilver card are better than this one. 1.5% Cash back as opposed to 1 "reward point" per dollar, redeemable at who knows what exchange rate for cash back or whatever else.
Cards I Carry
$1K$5K$7.5K$12K$20K$12k$5k$6k$12.5k
Total Available Credit: $83.4k | FICOS: EX 632 | EQ 643 | TU 671
Store: Nordstrom Retail $5k and Target $800. Recently acquired: U.S. Bank Cash Rewards Visa $1k.
Senior Contributor
Open123
Posts: 4,220
Registered: ‎02-23-2011
0

Re: New US Bank CC

[ Edited ]

Aside from the low rate, why would anyone opt for this over the Cash+?

 

I guess, for the signup bonus, but $100 is hardly compelling.

 

*Edited*  PS - I see, the option to redeem 25,000 points for a $400 airline ticket.


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