Ok, some updates for everyone. First off, for those of you asking, my EQ FICO is 751. However, my TU is only about 615 since there is a large (almost $6000) CapOne CO on there that is factored into my UTL, putting it OVER 100% even though my actual revolving UTL is only about 20%. For some reason, this CO is not factored into UTL on EQ or EX. Also, I have one collection (paid) reporting on TU and EX that is reporting as a credit account on EQ making it look as if I have 0 collections on EQ. I would ESTIMATE that my EX FICO is around 650-700 based on what I saw when we could still pull that score.
The killer for me here is that they pulled EQ only when they made the decision to unsecure my card, which would have been a good thing...except...shortly (a day or two)after they unsecured me, they also pulled TU. The main difference between TU and EQ is the score due to the way the way the CO is handled on TU. The low TU score is what made them CLD me.
As I said earlier, the main reason I was mad about this (other than just the principle of the thing and feeling insulted) is that I need a card with a large limit for work related travel expenses. Not because I am strapped for cash, but because I need availale credit for travel so that I can put a week's worth of travel on one card, turn in my expense report and CC statement, and get reimbursed. It gets exponentially more difficult if I have everything spread between a couple of smaller cards. Since, in the past, a typical trip has costed an average of $800 - $1200, you can see why the difference between the original $1100 limit and the new $900 limit, although only $200, is actually significant because this is going to mean that I will have to put a lot of my trips on more than one card.
Anyway, it may turn out that all if this will not matter anymore--I was approved for a Cabelas Visa. I am still waiting for the card and was not told my limit yet, but, the account did hit my EX report yesterday and is showing a $3500 CL!
Now, I can tell US Bank to shove it!! And, by "shove it", I mean pay it off and carefully place the card in a sock drawer and use only enough to keep it active until they CLI me someday since this card COULD someday be my best card--I know, not exactly "shoving it", but it feels good to say right now 
ETA: The funny thing is that I realized that US Bank is still using the "derogatory interest rate" that was used on my secured card after I went over the limit once (the AF was not charged when I expected it to be and it put me a couple dollars over the limit when it unexpectedly hit). So, they told me that they treated the process of unsecuring the card as if it was opening a brand new account and that is why my old limit and old history did not factor in to their determination of my new CL--however, apparently my old history does factor in when they can use it as an excuse to charge a higher interest rate.
ETA^2: In the defense of US Bank, I put gas in my gas guzzler truck BEFORE I knew about the CLD. The transaction did not post until AFTER the CLD and BEFORE the recent $800 payment I made (actually it posted the same day as I made my payment, but they payment didn't immediately post). This resulted in an over limit fee. I called and explained that his transaction occured before my CLD and they did actually remove the OL fee without any resistance.
Sorry to hear of the troubles you have experienced with US Bank. I've actually always loved US Bank (& Discover) because they only pull TU (always my best score). The majority of banks & credit unions pull EX or EQ for NJ.
Have you tried calling an analyst to explain the TU problem (factoring in the old charged off tradeline)? They like scores over 700, but not sure how they are reading the charge off. Anywho at this point it could not hurt to try. 1-800-947-1444 will get you to US Bank underwriting dept.
If they decide to keep you at the same CL do not despair...call in every 6 months for a CLI. For my accounts (x2) I receive a $1,500 CLI every 6 months. (Last few years it was qtrly, but the policy has since changed).
Also, check your statement in about 3-6months, they slowly lower the APR.
Good luck!
@ocheosa wrote:
Sorry to hear of the troubles you have experienced with US Bank. I've actually always loved US Bank (& Discover) because they only pull TU (always my best score). The majority of banks & credit unions pull EX or EQ for NJ.
Have you tried calling an analyst to explain the TU problem (factoring in the old charged off tradeline)? They like scores over 700, but not sure how they are reading the charge off. Anywho at this point it could not hurt to try. 1-800-947-1444 will get you to US Bank underwriting dept.
If they decide to keep you at the same CL do not despair...call in every 6 months for a CLI. For my accounts (x2) I receive a $1,500 CLI every 6 months. (Last few years it was qtrly, but the policy has since changed).
Also, check your statement in about 3-6months, they slowly lower the APR.
Good luck!
Unfortunately, I have already tried the underwriting department and they wouldn't budge. They never admit to using your actual score as a deciding factor--they always say that it is the information on the report and not the actual score that determines what they can and can't approve. They probably said that as they were staring at some chart in their office showing different FICO tiers.
As for my APR, they said the derogatory rate will end in October since that will be the one year anniversary of going over the limit due to the unexpected annual fee. The way it sounds, I would be surprised if anything happened before that.