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Valued Member
iztok
Posts: 35
Registered: ‎08-30-2010
0

US Bank Flex Perks

A few questions about this;

I received mail offer for this card. I was thinking top apply since I have 4 CC with 18000 debt :smileysad: ( and i lover that from 24 000 just three months ago). My ba is transfer some money from other bad cards, and increase my debt to ratio in positive way

My scores are EX 692, TU 671, EQ 672 .

No late and bads on history ( besides my bad CC debt)

 

Questions are:

1. If I apply and I am not happy with Credit limit. and refused card, is that going to show on my record

2. Any idea what CC limit can be?

 

 

Thanks everybody. I appreciate your answers a lot :smileywink:

September 2010: EQ 628, Trans 634, Expir. 641
November 2010: EQ 671, Trans 671, Expir 692
December 2010: EQ 682 Trans 672 , Expir 692
June 2011: EQ 685 Trans 688 Expir 708
Goal : 730
Established Contributor
andre181
Posts: 628
Registered: ‎07-29-2010
0

Re: US Bank Flex Perks

[ Edited ]

I also got the offer in the mail and went for it. Approved for $7500 CL, they pulled TU for me. When I app'd I only had a $99 balance on my AMEX Zync, all other cards were PIF, so my utilization was 0.

 

If you app and refuse, the account will most likely still show up on your CR's. For me, the acct showed on TU and EQ before I even got the card.

 

But they seem pretty good about giving good CL's. 

 

EDIT: Also, when I app'd, I got the 7-10 day message, so don't get discouraged if you get it. I was sure I was denied, but it was definitely good news. 

Discover IT $25K | FNBO Visa $22K | Citi Forward $14.5K | US Bank Cash+ Visa Sig $15K | Priceline/Barclays $10K | Chase Freedom $10.5K | Amazon/Chase Visa Sig $8.3k | Citi Double Cash $6.5K | BoA Cash Rewards 1-2-3 Sig $7.5K | Sallie Mae World MC/Barclays $5K | Capital One Cash Rewards $5K | Commerce Bank $5K | WF Cash Back Visa $3.6K | Amazon/GEMB $2.5K | Younkers/Comenity $2.4K | AMEX BCE $2K Target $1K | AMEX Green
EX FICO (from AMEX): 754, TU08 FICO (from Discover): 755, AAoA: 3.6 years
Frequent Contributor
JMN
Posts: 321
Registered: ‎10-25-2009
0

Re: US Bank Flex Perks

To be honest, I'd be wary about applying. Your scores barely meet the requirement for a bank-branded credit card from U.S. Bank. Also, what are your total credit limits in comparison to what you owe? If your debt-to-credit is above 50%, that'd be another issue, since that's one thing that's strongly weighted.

 

As for a credit limit... I was approved for $23,000 on my U.S. Bank FlexPerks SelectRewards Visa card. That's not common, however.

Despite my employment in the banking industry, any and all views contained in this post are purely my own, and do not represent any financial institution, nor constitute as financial or investment guidance or advise.
Valued Contributor
MrShush
Posts: 1,412
Registered: ‎04-18-2008
0

Re: US Bank Flex Perks

I just received the same offer, applied and approved for 12K. They pulled TU and my score was 749 (yes, pulled from here :smileytongue:) at the time of app.

 

In regards to your questions, yes, if you apply, the inquiry show. The application process actually gives you an opportunity to accept or decline the offer so if you don't like what they are giving you, you can decline and perhaps you'll only be charged with the inquiry. In terms of limits, everyone is different.

Valued Member
iztok
Posts: 35
Registered: ‎08-30-2010
0

Re: US Bank Flex Perks

 

Thanks to all who reply. So as I guess, it is a gambling. I may just wait little more. My CC debt is 89% :smileysad: ; even though good on my report can be that  i repay two personal loans from US Bank ( one in 2006/2007 for 3000$; and the other 2008/2010 for 13 000$) 

September 2010: EQ 628, Trans 634, Expir. 641
November 2010: EQ 671, Trans 671, Expir 692
December 2010: EQ 682 Trans 672 , Expir 692
June 2011: EQ 685 Trans 688 Expir 708
Goal : 730
Valued Member
iztok
Posts: 35
Registered: ‎08-30-2010
0

Re: US Bank Flex Perks

[ Edited ]

I am thinking what will happen with my score. My guess as the Score amateur as I am is Score will go down ( since new inquiry) and score will go up ( since your debt to credit ratio will be better) 

September 2010: EQ 628, Trans 634, Expir. 641
November 2010: EQ 671, Trans 671, Expir 692
December 2010: EQ 682 Trans 672 , Expir 692
June 2011: EQ 685 Trans 688 Expir 708
Goal : 730
Senior Contributor
score_building
Posts: 3,559
Registered: ‎01-10-2008
0

Re: US Bank Flex Perks

[ Edited ]

iztok wrote:

I am thinking what will happen with my score. My guess as the Score amateur as I am is Score will go down ( since new inquiry) and score will go up ( since your debt to credit ratio will be better) 


new acct. score dings:

1.  inq.

2.  decrease in AAoA

 

If you can get UTI down PSECU may be a good place to app instead if looking for:  high CL, leniency, and free monthly EX. 

 

US Bank is way too consevative to waste an INQ when UTI is high IME.

 

Generally speaking wanna have <30% UTI reporting upon any new app., of course what a lender finds acceptable can vary widely...  two examples of lenders shown to be less worried by high UTI in certain instances:  Nationwide, PSECU.

 

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)

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