topic Re: US Bank Altitude Reserve Approval--UPDATE CLI GRANTED @ $10K in Credit Card Approvals

US Bank Altitude Reserve Approval--UPDATE CLI GRANTED @ $10K

Anonymous — Tue, 12 Nov 2019 15:26:56 GMT

Over the past month I have been taking a few AAoA hits due to the need for a new car and to refi my student loans to a reasonable APR. I figured that before I stepped into the garden for good, I should add a card or two that I had my eye on. Last week it was the Citi DC. This week it is the US (socks) Bank AR.

I opened a checking account last Friday through the website (thanks to @longtimelurker for that route map). Only put 50 in the account as it was the max they would let me transfer through debit card. Waited the "5 business days" plus today to apply in the USB App.
 
Data points:
Income: Mid-100k
Bureau: Looks like they pulled TU, approx 716 Fico 8
INQ: 6
6 mo/12 month accts: 1/6, 1/12 (both the DC from October of last month. 

After providing the requisite info, I hit submit and was instantly approved for a $5500 SL. Not particularly high, but something I can work with for now and try to get raised later after a few months.

Big shout out to Remi and K for answering the questions/rants I peppered them with. Pretty happy to get this one in my (mobile) wallet. Now off to the garden forever.

Re: US Bank Altitude Reserve Approval

gdale6 — Fri, 08 Nov 2019 14:27:06 GMT

This is a conservative bank with a high threshold for approval on this card and you get it right out of the gate, they love you. Congrats

Re: US Bank Altitude Reserve Approval

Drwaz99 — Fri, 08 Nov 2019 14:42:16 GMT

Heck yeah! Congrats!

Re: US Bank Altitude Reserve Approval

CreditCuriosity — Fri, 08 Nov 2019 14:43:56 GMT

Congrats on the approval.. I am really curious why they are so frugal with the SCL's on this card for most people. If you were a big traveler a 5k SL (lowest for this card) would be hard to work with.

Re: US Bank Altitude Reserve Approval

coldfusion — Fri, 08 Nov 2019 14:51:25 GMT

Congrats on the approval, but I suggest you call ASAP today and make your case for a higher starting limit.

Re: US Bank Altitude Reserve Approval

Anonymous — Fri, 08 Nov 2019 15:01:01 GMT

@coldfusion wrote:
Congrats on the approval, but I suggest you call ASAP today and make your case for a higher starting limit.

Is there a special place I should be calling or just the normal recon line?

Re: US Bank Altitude Reserve Approval

CreditCuriosity — Fri, 08 Nov 2019 15:03:54 GMT

@Anonymous wrote:
@coldfusion wrote:
Congrats on the approval, but I suggest you call ASAP today and make your case for a higher starting limit.
Is there a special place I should be calling or just the normal recon line?

One of these #'s should work. Other people that have more experience with us bank would know better whether same HP or would be additional HP etc. Use to be a SP to reconsider, but heard recently it has been a HP, but not sure if it is a YMMV type of thing?

US Bank: 800-947-1444, 800-685-7680 (Underwriting)

Re: US Bank Altitude Reserve Approval

coreyb80 — Fri, 08 Nov 2019 15:04:51 GMT

Congrats on the approval!!

Re: US Bank Altitude Reserve Approval

Anonymous — Fri, 08 Nov 2019 15:05:05 GMT

Congrats on your AR approval!! I hope to join the club next month!

Re: US Bank Altitude Reserve Approval

calyx — Fri, 08 Nov 2019 15:12:40 GMT

Congrats on attaining your own Precious!

Re: US Bank Altitude Reserve Approval

Rebuild2019 — Fri, 08 Nov 2019 15:13:11 GMT

Congrats 🎊🎉🎈@dberryhill on your approvals.

Re: US Bank Altitude Reserve Approval

Anonymous — Fri, 08 Nov 2019 15:19:21 GMT

Thanks all. Pretty excited about the approval. Still considering calling about the SL, but that will have to happen later this afternoon.

Re: US Bank Altitude Reserve Approval

randomguy1 — Fri, 08 Nov 2019 15:40:38 GMT

Congrats on the approval. I thought a higher fico was needed for them. Thanks for the data point with TU. What state are you in btw?

Re: US Bank Altitude Reserve Approval

Anonymous — Fri, 08 Nov 2019 16:11:07 GMT

@randomguy1 wrote:
Congrats on the approval. I thought a higher fico was needed for them. Thanks for the data point with TU. What state are you in btw?

I actually wanted to include that data point for people as I thought the same. I am in Illinois. While ability to repay and credit scoring are big data points, I think the key part for a lot of their UW process is the lack of credit seeking behavior on top of it all. Would definitely think about being 1/6 tops and 2/12 when applying.

Re: US Bank Altitude Reserve Approval

Anonymous — Fri, 08 Nov 2019 16:30:48 GMT

@CreditCuriosity wrote:
@Anonymous wrote:
@coldfusion wrote:
Congrats on the approval, but I suggest you call ASAP today and make your case for a higher starting limit.
Is there a special place I should be calling or just the normal recon line?
One of these #'s should work. Other people that have more experience with us bank would know better whether same HP or would be additional HP etc. Use to be a SP to reconsider, but heard recently it has been a HP, but not sure if it is a YMMV type of thing?

US Bank: 800-947-1444, 800-685-7680 (Underwriting)

Requested a CLI (as the card has already been sent out... real fast these ones). We will see what happens from here. Still pretty happy with where I am at right now but it would be nice to be able to have a little breathing room.

Re: US Bank Altitude Reserve Approval

simplynoir — Fri, 08 Nov 2019 16:33:43 GMT

Congrats on getting one of the last unicorns left in the credit world! 🍸

Re: US Bank Altitude Reserve Approval

AllZero — Fri, 08 Nov 2019 16:34:08 GMT

Congratulations on your approval!

Re: US Bank Altitude Reserve Approval

coldfusion — Fri, 08 Nov 2019 16:37:39 GMT

@Anonymous wrote:
@randomguy1 wrote:
Congrats on the approval. I thought a higher fico was needed for them. Thanks for the data point with TU. What state are you in btw?
I actually wanted to include that data point for people as I thought the same. I am in Illinois. While ability to repay and credit scoring are big data points, I think the key part for a lot of their UW process is the lack of credit seeking behavior on top of it all. Would definitely think about being 1/6 tops and 2/12 when applying.

You're correct that they are very sensitive to what they consider credit-seeking behavior but that's true across all of their cards, not just the Altitude, and also holds true for even profiles that are both wide and deep.

One other point is that they also often SP ARS and/or Sagestream which can make it worthwhile to ensure that your LexisNexus report is accurate.

Re: US Bank Altitude Reserve Approval

Remedios — Fri, 08 Nov 2019 16:38:35 GMT

@Anonymous congrats, my new AR buddy

Welcome to the cult. Robes are ready,, hope you got chants memorized

Re: US Bank Altitude Reserve Approval

M_Smart007 — Fri, 08 Nov 2019 16:50:17 GMT

Congrats @Anonymous