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haulingthescoreup
Posts: 28,098
Registered: ‎04-01-2007
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Who is US Bank, and why do they think that I have excellent credit?

Got a "pre-qualified" letter from US Bank today, dangling their Visa Platinum Card. It looks very attractive: 0% APR on initial purchases for 12 months, afterwards prime plus 5.99% (which is pretty lame); 0% APR for BT's for 12 months with NO balance transfer fee if you BT on application, otherwise, there's a fee; no annual fee with at least one purchase per year, otherwise a $40 fee. They do retain the option to practice universal default. Hmmmm.

According to WhoGaveMeCredit, US Bank is one of the toughie cards. There aren't that many entries for it, and quite a few no's. But then, there are some pretty messy histories there. Financeglobe.com wasn't particularly helpful, either.

I wouldn't mind having a 0% initial purchase APR on a Visa. DD#2 seems to be headed to Ireland this summer, and she only has a MasterCard. I'm looking around for a Visa that I can AU her on. (Lots of feedback on another thread to forget AmEx and Discover.)

But so far, I don't see anything incredibly wonderful about either the bank or the card. I think ByrdMan worked there back in the day, but not on the CC side. It's HQ'd in Minneapolis, and they do have the Northwest Airlines WorldPerks card.

Anyone have any experience with these guys?
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
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imducky
Posts: 3,432
Registered: ‎08-27-2007
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Re: Who is US Bank, and why do they think that I have excellent credit?

i don't have a cc, but do deal w/them. not overly impressed w/them. a thread over at cb says they will cli something on the order of every 6 months hard free by calling the automated line. from that thread, known to start conservative and willing to grow.
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llecs
Posts: 32,869
Registered: ‎08-04-2007
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Re: Who is US Bank, and why do they think that I have excellent credit?

I had them back in the day as a secured card. The customer service seemed great and had no issues. Wish I treated it well.
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fused
Posts: 16,373
Registered: ‎03-12-2007
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Re: Who is US Bank, and why do they think that I have excellent credit?

They use to be known as a CCC that would only issue to the uber-prime, much like AmEx and Discover use to be. It's my understanding they now offer a full gamut of cards from super-prime to sub-prime. Oh BTW, why isn't this thread in the CC forum? lol :smileyvery-happy:
Credit Profile -
FICO 08 Scores (11-08-2014): EQ 818, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1

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haulingthescoreup
Posts: 28,098
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Re: Who is US Bank, and why do they think that I have excellent credit?


fused wrote:
They used to be known as a CCC that would only issue to the uber-prime, much like AmEx and Discover use to be. It's my understanding they now offer a full gamut of cards from super-prime to sub-prime. Oh BTW, why isn't this thread in the CC forum? lol :smileyvery-happy:



Because IRA idiot!

Thanks for the info, and moving the ding-dang thread. No wonder I didn't get many hits... :smileytongue:
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Member
bradfordhog
Posts: 17
Registered: ‎05-05-2007
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Re: Who is US Bank, and why do they think that I have excellent credit?

Haven't had a CC with them, but have had 2 car loans.  Service was excellent.  Would finance with them again.
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haulingthescoreup
Posts: 28,098
Registered: ‎04-01-2007
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Re: Who is US Bank, and why do they think that I have excellent credit?

ilecs and bradfordhog, I realize that your accounts are pretty old, but do you know who they pulled? I wouldn't mind having a TU pull...

And thanks, everyone, for all the other info. I'm very much on the fence about this one. And I still don't get WGMC's saying that this is a tough bank to get in with. Don't see that so far.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Frequent Contributor
PenguinGeek
Posts: 381
Registered: ‎09-26-2007
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Re: Who is US Bank, and why do they think that I have excellent credit?

I have a business visa and a personal LOC with them. Up until recently, I noticed that my payments, when sent by check, would take over a week to post after mailing it. Since switching to bank pay, I don't see that any more. In general, I've been pretty happy with them and no problems redeeming for rewards.

Don't know who they pulled though, the LOC is over 10 years old and the biz card is probably 8-9 years old.
-------------------------

Hello, my name is, "PenguinGeek," and it's been 9 months since my last cc app and my score is now 34 points higher than when I app'd.
Regular Contributor
MsKmm00
Posts: 125
Registered: ‎12-28-2007
0

Re: Who is US Bank, and why do they think that I have excellent credit?

My mortgage and bank account are with USbank. When I applied for a HELOC they pulled EQ. They also pulled EQ when I opened my checking account.
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bradfordhog
Posts: 17
Registered: ‎05-05-2007
0

Re: Who is US Bank, and why do they think that I have excellent credit?

I'm in Arkansas, and they pulled Transunion for me last July.

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