So I came out of the garden to do my BofA cli (which increased my limit from 2 to 6k, also got a bump from Amex from 2500 to 7k thank you very much) and decided to app for a us bank card since I got a prequal offer.
I got a 5-10 day wait message but was approved. Today, I received my card with my giant limit of.........$500
Can this be reconned? I’m inclined not to keep the card even though I took the hit because I can’t do anything with a card that low unless someone has a good argument for me to keep it. Any input would be appreciated. Thanks!
I got a 5-10 day wait message but was approved. Today, I received my card with my giant limit of.........$500
Can this be reconned? I’m inclined not to keep the card even though I took the hit because I can’t do anything with a card that low unless someone has a good argument for me to keep it. Any input would be appreciated. Thanks!
@Anonymous wrote:
So I came out of the garden to do my BofA cli (which increased my limit from 2 to 6k, also got a bump from Amex from 2500 to 7k thank you very much) and decided to app for a us bank card since I got a prequal offer.
I got a 5-10 day wait message but was approved. Today, I received my card with my giant limit of.........$500
Can this be reconned? I’m inclined not to keep the card even though I took the hit because I can’t do anything with a card that low unless someone has a good argument for me to keep it. Any input would be appreciated. Thanks!
My guess is that you're a newcomer to USB. Do you bank with them? They reward their customers somewhat, and there are successful posts here about decent starting lines $5k-$10k. Without more info, its a bit hard to say in your case. As a USB homer, I can tell you that BOA and Am Ex will grow your accounts faster. Between the three for me, USB was far behind the other two, but has come on strong with cli's as of late, for me. The Cash+ is a decent card, as is the Alt Reserve. Depends what you're looking for...Good luck!
@Anonymous wrote:
Thanks for the info so far. I am new to US Bank. I liked the idea of picking categories for 5% (even if the categories weren’t always great).
The other reason I’m inclined not to keep it is I’m afraid that super low SL is a flag to them to keep me in a group that will never truly grow. I feel like that SL is a “we’ll let you in but you’re a huge risk”.
It will grow. Since this is your first US Bank product, you need to show a bit of usage, let them see you make your payments, and then plenty of CLI will be available down the road.
The Cash+ is a very nice card, since it can pick up categories other cards cannot. Cellphone is a good one. Department Stores means you don't have to get a store card. Sporting goods stores are helpful for things like REI and bicycle shops. Fast Food. Rental Cars. Bookstore can interpret as Amazon, there are many uses for the card.
Congrats on the approval!
I now have three cards with US Bank, two Cash+ and an Altitude Reserve. A mortgage, checking (not my primary checking). The credit limits grow.
Is there a HP for opening checking/saving and afterward, going for a CC application?
I heard that checking/saving requires a SP but good to know whether CC would be included in that SP or it would be a HP.
Fico8: EX~EQ~TU~810 (12 month goal~840).
@JustcallmeTM wrote:The easiest way to get almost any main US Bank card is by going through the savings/checking gold package option which lets you open a CC also using TU. While filling in the application for the savings/checking account it will give your pre approved card offers WITH THE LIMIT they will give you.
snip
People shouldn't even cold app for US Bank, if they want the card they should go through the what I mentioned before the Gold Package from US Bank, if you dont want to get a HP and denied then will it hurt to open a savings or checking account with them ? You find out what cards your pre approved for with the limits ? I don't know but that's common sense, easier to close a checking/savings account and not hurt your report than opening a CC just to close it like most would do.
Please allow me to be sure I read this correctly:
Is opening the checking account a soft pull?
When you go through the signup process for a Gold Checking account, you will see a list of preapprovals for one or more credit cards, the name/type of that card, and the limits?
Using this method, we delay the HP until we choose which card(s)?
Can you bail out of the checking account application process if you're not happy with the card/limits offered?
1st post 
Thank you for this!
I have wanted to apply for the USB Cash+ for several months, however I have more than 5 inquiries within 12 months, and 5 new credit cards this year from aggressive rebuilding/building the new foundation. Also wanted to move to USB for my primary banking, so the Gold Checking package is perfect.
This post needs a firm bump! Or a detailed outline of the process to help others get in with USB.
After reading this, I did exactly what you said, and I was literally approved moments ago for the Gold Package, and the Cash+ VS with $3,000 SL, 18.9%.
Something worth mentioning, when you complete the application online, READ CAREFULLY, as when you get to the screen for the credit card selection, it may only show up to 3 cards, and may not immediately show the card you want. Just below that mini-window is a link says; show more. Click that.