08-21-2012 01:33 AM - edited 08-21-2012 11:57 AM
Just curious what people are seeing from US Bank for starting limits? Also wondering how they compare to their other limits. Trying to gauge how aggressive or not agressive they are. If you had existing relationship with US Bank please note details on it. I was told by rep that 25k is highest initial limit. Anything more requires special request and tax returns from last coUple of years and much more involved application process. Curious if this was true. And does 25k limit without loan like approval process hold true later.
08-21-2012 08:32 AM - edited 08-21-2012 08:35 AM
My starting limit is 8k. No prior relationship with US Bank, score at approval 753 (TU), 1 INQ at time of approval. Highest CC limit at the time was 12K, with several other 10k limits.
08-21-2012 12:01 PM
Confirmed approval at 25k!!! They pulled Equifax..My score probably like 770's-790's. Had no existing relationship with US BANK. This card is going to get a nice work out. Also, opened plat. package with US Bank to get the .5% bonus rewards yesterday. I hope they can afford to keep this card going.
Some interesting notes: They originally approved me at 20k. But calling at the right time (1-3 days after app) allowed me to ask for higher CL. They had to then put the request in and for it to go back to manual underwriting for approval at 25k, but this was done using existing credit report. Also, anything above 25k would require loan like underwriting requirements such as tax returns etc.
08-21-2012 12:05 PM
08-21-2012 12:09 PM
08-21-2012 02:25 PM
08-21-2012 02:29 PM
Oh, I'm sooooooooo jealous.
08-21-2012 02:33 PM - edited 08-21-2012 02:37 PM
US BANK is very customer friendly, I started out with the Platinum card last yr, recently converted it to their Sig Cash card, customer service is top notch in the mornings, but expect to be on hold during the evening hours. Their Flex Perk card is also good If you need another miles card
08-21-2012 02:34 PM
Very very nice cl, congrats!. Do you know if they value their current members? I mean if it would be easier for someone with a mortgage with them to get the card.
It seems like credit card division is off by itself, but I have heard from other US Bank customers that they seem to value prior relationship. Can't help but help. I think your scores are fine to get approved, BUT the question is whether or not you can hit the 5k limit needed for CASH+ card. Might be worth trying but be prepared for just plain CASH card and look for upgrade in 6 months. Also, do what I did and call and see where your app is in process at 18009471444. You can catch them before app is done, but after you have gotten approval and limit. If limit or approval isn't what you want, then ask for what you want and give your reasoning and they will send it back for manual review. Call everyday if you have to and talk to representative as their info is more detailed than automated system.