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Established Member
dialect
Posts: 48
Registered: ‎10-19-2012

Re: US Bank Cash + Visa Signature

just because it seems like no one knows.

 

the cash rewards card can not be "applied" for, it is strictly a downsell for the cash+

 

it seems like it's a mistake on underwriting (a term they keep using even though they are supposed to be rebranded as "application status"). i have to deal with us banks underwriting frequently, and let me say that i hate them. every last one of them. incompetent.

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

Re: US Bank Cash + Visa Signature


dialect wrote:

just because it seems like no one knows.

 

the cash rewards card can not be "applied" for, it is strictly a downsell for the cash+

 

it seems like it's a mistake on underwriting (a term they keep using even though they are supposed to be rebranded as "application status"). i have to deal with us banks underwriting frequently, and let me say that i hate them. every last one of them. incompetent.


It cannot be applied for directly online by a consumer, who knows what the teller did. Maybe they had an old app screen or something come up that they fill out wrong.

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Established Member
GoRavens
Posts: 23
Registered: ‎11-02-2012

Re: US Bank Cash + Visa Signature

I applied for a Cash+ card a month ago and was given a $1,500 limit, thus mailed a Cash Rewards card.  I activiated it and stashed it, thinking I would apply for a CLI in a few months to try to get Cash+.  And to my surprise, I just received a Cash+ card in the mail earlier this week.  Same CL.  I have already chosen my 5%/2% rewards and everything.  I'm now praying they don't notice their mistake and reissue me again...

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

Re: US Bank Cash + Visa Signature


GoRavens wrote:

I applied for a Cash+ card a month ago and was given a $1,500 limit, thus mailed a Cash Rewards card.  I activiated it and stashed it, thinking I would apply for a CLI in a few months to try to get Cash+.  And to my surprise, I just received a Cash+ card in the mail earlier this week.  Same CL.  I have already chosen my 5%/2% rewards and everything.  I'm now praying they don't notice their mistake and reissue me again...


Haha, wow. That is cool.

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011

Re: US Bank Cash + Visa Signature

Seeing this thread is making me want to APP for this final card but I'm not ready for it yet and I know it will be denied!!!

 

STOP ME! LOL!

The truth is out there...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal score: 750+ (all 3)
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--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015
Valued Contributor
Imhotrodcrazy
Posts: 1,385
Registered: ‎03-11-2009

Re: US Bank Cash + Visa Signature

Just received my first extra $25 rewards card on my Cash+ card, ( for letting rewards add up to $100 ), for the previous month of Sept.  In Oct., I have already spent $2000 on home improvements so that will get me another $100 in rewards.  In addition, I have a platinum account so that will get me another half percent and since I have gone over the $100 saved amount I will receive the additional $25 card.  So, my rewards will be $135, or  a 6 3/4% return. That is not bad.  I love the card, and US Bank. 

FICOS
TU 802 7/11/14
EX 797 7/6/14
EQ 748 7/10/14

Cash+ 19.5 / Amex 16.5 / US Bank loc 15k / Chase Freedom 10.6k
Regular Contributor
GomerPyle
Posts: 114
Registered: ‎03-17-2009

Re: US Bank Cash + Visa Signature


Imhotrodcrazy wrote:

Just received my first extra $25 rewards card on my Cash+ card, ( for letting rewards add up to $100 ), for the previous month of Sept.  In Oct., I have already spent $2000 on home improvements so that will get me another $100 in rewards.  In addition, I have a platinum account so that will get me another half percent and since I have gone over the $100 saved amount I will receive the additional $25 card.  So, my rewards will be $135, or  a 6 3/4% return. That is not bad.  I love the card, and US Bank. 


Congratulations on gaining great rewards.  I too have been getting a great return in rewards. I am however convinced that this card is not sustainable for US Bank. I predict in the not too distant future the reward parameters will change. They are already practicing a bait and switch tactic by not issuing the Cash + to all who apply. I fully expect there will be a lowering of cash reward opportunity in the future. I will use it extensively until that sad day arrives.

Established Contributor
YahComb
Posts: 592
Registered: ‎03-10-2012

Re: US Bank Cash + Visa Signature


GomerPyle wrote:

Imhotrodcrazy wrote:

Just received my first extra $25 rewards card on my Cash+ card, ( for letting rewards add up to $100 ), for the previous month of Sept.  In Oct., I have already spent $2000 on home improvements so that will get me another $100 in rewards.  In addition, I have a platinum account so that will get me another half percent and since I have gone over the $100 saved amount I will receive the additional $25 card.  So, my rewards will be $135, or  a 6 3/4% return. That is not bad.  I love the card, and US Bank. 


Congratulations on gaining great rewards.  I too have been getting a great return in rewards. I am however convinced that this card is not sustainable for US Bank. I predict in the not too distant future the reward parameters will change. They are already practicing a bait and switch tactic by not issuing the Cash + to all who apply. I fully expect there will be a lowering of cash reward opportunity in the future. I will use it extensively until that sad day arrives.


They probably won't be able to sustain it, i mean look at all the former cards that were all-the time 5%, then the percentage got lowered, then they made it quarterly categories. But it's not really fair to call it a bait and switch. They tell you applying for the Cashplus is also an application for the lower tier 1% card, and it's not like they just instituted it somewhere along the way. It was that way from the very start.

EQ-730(06/30/14) TU-758(06/19/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 7.5K | Disc It 9K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 2.92yr AAOA: 24.8 mo
Regular Contributor
GomerPyle
Posts: 114
Registered: ‎03-17-2009

Re: US Bank Cash + Visa Signature


YahComb wrote:

GomerPyle wrote:

Imhotrodcrazy wrote:

Just received my first extra $25 rewards card on my Cash+ card, ( for letting rewards add up to $100 ), for the previous month of Sept.  In Oct., I have already spent $2000 on home improvements so that will get me another $100 in rewards.  In addition, I have a platinum account so that will get me another half percent and since I have gone over the $100 saved amount I will receive the additional $25 card.  So, my rewards will be $135, or  a 6 3/4% return. That is not bad.  I love the card, and US Bank. 


Congratulations on gaining great rewards.  I too have been getting a great return in rewards. I am however convinced that this card is not sustainable for US Bank. I predict in the not too distant future the reward parameters will change. They are already practicing a bait and switch tactic by not issuing the Cash + to all who apply. I fully expect there will be a lowering of cash reward opportunity in the future. I will use it extensively until that sad day arrives.


They probably won't be able to sustain it, i mean look at all the former cards that were all-the time 5%, then the percentage got lowered, then they made it quarterly categories. But it's not really fair to call it a bait and switch. They tell you applying for the Cashplus is also an application for the lower tier 1% card, and it's not like they just instituted it somewhere along the way. It was that way from the very start.


OK. I will call it a heads up bait and switch. 

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

Re: US Bank Cash + Visa Signature


GomerPyle wrote:

Imhotrodcrazy wrote:

Just received my first extra $25 rewards card on my Cash+ card, ( for letting rewards add up to $100 ), for the previous month of Sept.  In Oct., I have already spent $2000 on home improvements so that will get me another $100 in rewards.  In addition, I have a platinum account so that will get me another half percent and since I have gone over the $100 saved amount I will receive the additional $25 card.  So, my rewards will be $135, or  a 6 3/4% return. That is not bad.  I love the card, and US Bank. 


Congratulations on gaining great rewards.  I too have been getting a great return in rewards. I am however convinced that this card is not sustainable for US Bank. I predict in the not too distant future the reward parameters will change. They are already practicing a bait and switch tactic by not issuing the Cash + to all who apply. I fully expect there will be a lowering of cash reward opportunity in the future. I will use it extensively until that sad day arrives.


+1

 

I felt that as soon as I noticed the card. I am just hoping it will still be around in 6 months.

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%

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