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Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

Re: SUCCESS! Credit App Spree After Bad Credit


jtc411 wrote:

OK, I get you on the 6.25% with the redeemed bonus.  Someone else can chime in if they'd like, but I am pretty sure you were mislead.  The Cash+ is a signature card which requires a 5k min CL.  I hope for your sake it ends up being the Cash+


Maybe underwriting made an exception...but kinda doubtful

 

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Regular Contributor
jtc411
Posts: 169
Registered: ‎03-29-2012

Re: SUCCESS! Credit App Spree After Bad Credit


Dustink wrote:

jtc411 wrote:

OK, I get you on the 6.25% with the redeemed bonus.  Someone else can chime in if they'd like, but I am pretty sure you were mislead.  The Cash+ is a signature card which requires a 5k min CL.  I hope for your sake it ends up being the Cash+


Maybe underwriting made an exception...but kinda doubtful

 


My brother is a very established banker at US Bank and I confirmed with him, no way its a cash+ under 5k.  5k CL is the bare minimum for a signature card

 


Starting Score: EQ 619
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Regular Contributor
roxy382
Posts: 129
Registered: ‎01-09-2012

Re: SUCCESS! Credit App Spree After Bad Credit


jtc411 wrote:

Dustink wrote:

jtc411 wrote:

OK, I get you on the 6.25% with the redeemed bonus.  Someone else can chime in if they'd like, but I am pretty sure you were mislead.  The Cash+ is a signature card which requires a 5k min CL.  I hope for your sake it ends up being the Cash+


Maybe underwriting made an exception...but kinda doubtful

 


My brother is a very established banker at US Bank and I confirmed with him, no way its a cash+ under 5k.  5k CL is the bare minimum for a signature card

 


Can your brother hook me up with a cash+ card?!? lol

In My Wallet: Amazon (5/2011) $2200 -- CareCredit (9/11) $4200 -- Capital One Green Cash Rewards (01/12) $3000 -- Citi Forward (1/12) $2500 -- Walmart Store Card (1/12) $1100 -- Maurices (8/12) $200

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Valued Member
Objectivist
Posts: 55
Registered: ‎09-26-2012

Re: SUCCESS! Credit App Spree After Bad Credit

How long ago was your score in the 500's? What is it now?

Frequent Contributor
SwampSystems
Posts: 358
Registered: ‎06-25-2012

Re: SUCCESS! Credit App Spree After Bad Credit


roxy382 wrote:
From US Banks website... "4. Should your application for the U.S. Bank Cash+ Visa® Signature Card be denied, submitting this application constitutes your application for a U.S. Bank Cash Rewards Visa® Card. The U.S. Bank Cash Rewards Visa Card does not earn 5% or 2% cash back." Aren't all visa sigs minimum 5k?

No. Chase will approve a Freedom Signature for under $5k. The $5k figure keeps getting thrown around as fact because some banks will only offer them at that level.

Regular Contributor
jtc411
Posts: 169
Registered: ‎03-29-2012

Re: SUCCESS! Credit App Spree After Bad Credit

I don't think Us Bank falls into that catagory.  I just app'd for the cash plus a week ago and was denied.  I called underwriting and was told I didn't qualify for a 5k CL and that they would give me the platinum with a 1500 limit.  I'm just saying, I hope he's a lucky one, but its far from normal


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Shogun
Posts: 12,902
Registered: ‎04-15-2011

Re: SUCCESS! Credit App Spree After Bad Credit

Well it's a great run of successful apps.  Congrats on improving your CR and best of luck to you!


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