i started with a secured credit card with us bank and after one year, it has graduated to unsecured card with a credit limit of $1000. I have had this card for more than 6 months and i am considering to request a credit limit increase. I heard that US Bank is very conservative and looks like any credit limit request will result in a hard inquiry.
Any one willing to share their personal experiences with their credit card?
Thanks
Starting Score: EQ=665,TU=618 on Oct 9,2010
Creditaddict wrote:It will be a HP but I would go for it!
What other cards and limits do you have?
I think the conservative comment is over used with USBank... Once you are in, I don't find them that conservative in the past at least. CS has kind of really faded in the last year.
I only have 2 other cards. Capital one ( $750) and Bank of America ($500)
My credit limit on the US Bank is currently $1000. I am thinking of requesting to raise it to $2000, do you guys think it is too much?
Gypsy82 wrote:Did you get the US Bank Platinum Visa? If so, yes do request it. It will be a hard pull on TU, but like the poster above said, I don't agree that they are a conservative lender. Especially if you also bank with them. Having a checking and savings, or other products with them goes a long way.
What other cards and limits do you have? What are you going to ask for?
I also graduated from the secured card to the unsecured. For me it was the US Bank Platinum Visa. I recently increased my limit on the card, after reconning. If by chance, you are denied, for sure recon. I had great success with this. During a recon, mentioning banking with them goes a long way.
Also, another tip. The gentleman I spoke to, when I reconned my CLI, told me that after a year to a year and a half I should apply for the Flex Perks Rewards Visa.
Good luck and let us know how it goes!
I have Capital One - $750 and Bank of America - $500.
Mine was US Bank Platinum Visa as well (current credit limit $1000). I never asked for a credit limit increase before. How much CLI did you get if I may ask.
And thanks for the tip, I also do bank with them, so that definitely helps.
Gypsy82 wrote:
tennisfan78 wrote:I have Capital One - $750 and Bank of America - $500.
Mine was US Bank Platinum Visa as well (current credit limit $1000). I never asked for a credit limit increase before. How much CLI did you get if I may ask.
And thanks for the tip, I also do bank with them, so that definitely helps.
I recently was raised from $300 to $1,000 and even though I reconned I am regretting not sticking to my guns and asking for my original amount of $1500. Depends on income and living expenses etc. However, I had 2+years with their card and as with all things on YMMV.
I hate to give you a number and you not get it. What I can do is tell you what I intend to ask for in 6 months. In 6 months I am first requesting a CLI of $2500 and then asking if I qualify for an upgrade to one of their Flex Perks Card,
Just remember, if you do get declined for your CLI, as I was, recon it! Call the number listed on the letter and ask for a "manual review". They will ask you gross income, monthly housing expense, rent or own. Good luck buddy and let me know how it goes! I am pulling for ya!
Thanks buddy. I will let you know how it goes!
Freefall wrote:Cant add too much to the OP question except Ive had their secured product for 2 years now and have been VERY happy with their product and service. I just wish it didnt report "Secured" on the CR's
Did you request to graduate it to unsecured? I am not sure what kind of credit score they need for graduation.
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