topic Re: I applied for U.S. Bank Cash + Visa Signature in Credit Card Approvals

I applied for U.S. Bank Cash + Visa Signature

DarkKnight_Credit — Tue, 31 May 2022 19:45:12 GMT

Hi everyone,

I applied for the U.S. Cash + Visa Signature Card, but I didn't get an instant decision when I applied for the card. So I decided to apply for the Citi Custom Cash Card (which I got approved) instead on the same day. A couple of weeks later, U.S. bank finally approved me for the credit card with a SL of $5000, which is great!

With that said, does that mean that this card will show as an open account on my credit report even when it's not activated?

Since it's coming through the mail, should I to keep it? I'm worried because I have two cards and I hear it's not good practice to have too many cards in a short term.

I'm also considering on closing my First Progress secured Credit Card, since I don't use it anymore. I only had it to build credit. It's only a $200 CL.

Re: I applied for U.S. Bank Cash + Visa Signature

CYBERSAM — Tue, 31 May 2022 19:55:49 GMT

One or two additional cards are not a big deal! You should be safe.

You added couple of nice CCs. Good job 👍👍

Re: I applied for U.S. Bank Cash + Visa Signature

Jordan23ww — Tue, 31 May 2022 21:02:00 GMT

Congratulations on your approvals! I think you should be fine with these 2 approvals/keeping both!

Re: I applied for U.S. Bank Cash + Visa Signature

Yasselife — Tue, 31 May 2022 22:34:18 GMT

Congratulations @DarkKnight_Credit

Re: I applied for U.S. Bank Cash + Visa Signature

Ficoproblems247 — Tue, 31 May 2022 22:41:20 GMT

@DarkKnight_Credit you do not have the choice to "not keep" the US Bank card. As soon as you hit that apply button you expressed consent to open that account. They approved you based on your profile, and regardless of if you activate the physical card or not, that tradeline will now be reporting on your CRs, likely beginning with the last business day of the next month. You just landed two great cards, that is not too many! Be happy with your approvals and enjoy your rewards from your new cards. Congrats!

Re: I applied for U.S. Bank Cash + Visa Signature

gdale6 — Tue, 31 May 2022 23:05:23 GMT

Grats on your US Bank Cash+ Approval

This is a card with high returns on purchases you want it in your arsenal. You will be fine.

Re: I applied for U.S. Bank Cash + Visa Signature

CreditMagic7 — Tue, 31 May 2022 23:13:32 GMT

Congratulations on both your new card approvals!

Re: I applied for U.S. Bank Cash + Visa Signature

Elpadrino1 — Wed, 01 Jun 2022 01:11:05 GMT

Congratulations on your approval!!

Re: I applied for U.S. Bank Cash + Visa Signature

CreditAggie — Wed, 01 Jun 2022 01:44:08 GMT

Congratulations on your US Bank Cash+ approval! Having both cards open will not negatively impact your credit in the long term and they're both great cards.

If you no longer have a use for it, closing your secured card would be a good idea so you can get your deposit back. It will continue to age on your reports for 10 years after you close it.

Re: I applied for U.S. Bank Cash + Visa Signature

firefox100 — Wed, 01 Jun 2022 01:49:18 GMT

Congratulations on your new US bank cash creditcard don't close just put lot spend on it and enjoy it, also wate about 8 months then ask for credit increase it will grow. I have 2 cards from US bank and they both have 25K limits, I do like US bank.

Re: I applied for U.S. Bank Cash + Visa Signature

DarkKnight_Credit — Wed, 01 Jun 2022 02:11:20 GMT

@Ficoproblems247 wrote:
@DarkKnight_Credit you do not have the choice to "not keep" the US Bank card. As soon as you hit that apply button you expressed consent to open that account. They approved you based on your profile, and regardless of if you activate the physical card or not, that tradeline will now be reporting on your CRs, likely beginning with the last business day of the next month. You just landed two great cards, that is not too many! Be happy with your approvals and enjoy your rewards from your new cards. Congrats!

Oh I see. I didn't know for sure whether it would have my account open if it wasn't activated. Thanks for letting me know. I'm still happy that I'm able to get approved for the card. I'm looking forward to using both.

Re: I applied for U.S. Bank Cash + Visa Signature

KingRue8500 — Wed, 01 Jun 2022 02:16:30 GMT

Congrats on your U.S. Bank Cash + Visa Signature approval

Re: I applied for U.S. Bank Cash + Visa Signature

DarkKnight_Credit — Wed, 01 Jun 2022 02:17:06 GMT

@gdale6 wrote:
Grats on your US Bank Cash+ Approval

This is a card with high returns on purchases you want it in your arsenal. You will be fine.

Thanks!

These cards are going to be used for primarily category spending. While my Chase card is still to be used for everyday purchases.

Re: I applied for U.S. Bank Cash + Visa Signature

cashorcharge — Wed, 01 Jun 2022 02:37:57 GMT

Congratulations on your USBank Approval!🥂🎉🍾

Re: I applied for U.S. Bank Cash + Visa Signature

DarkKnight_Credit — Wed, 01 Jun 2022 03:33:30 GMT

@CreditAggie wrote:
Congratulations on your US Bank Cash+ approval! Having both cards open will not negatively impact your credit in the long term and they're both great cards.

If you no longer have a use for it, closing your secured card would be a good idea so you can get your deposit back. It will continue to age on your reports for 10 years after you close it.

Thanks! That's good to know.

That's what I'm planning on doing. So it won't hurt on my report after it's closed, due to AAoA? It's not the oldest card on my account, but it's the second oldest.

Re: I applied for U.S. Bank Cash + Visa Signature

CreditAggie — Wed, 01 Jun 2022 04:07:33 GMT

@DarkKnight_Credit wrote:
@CreditAggie wrote:
Congratulations on your US Bank Cash+ approval! Having both cards open will not negatively impact your credit in the long term and they're both great cards.

If you no longer have a use for it, closing your secured card would be a good idea so you can get your deposit back. It will continue to age on your reports for 10 years after you close it.
Thanks! That's good to know.

That's what I'm planning on doing. So it won't hurt on my report after it's closed, due to AAoA? It's not the oldest card on my account, but it's the second oldest.

That is correct. Your AAoA will not drop from closing the account for 10 years following the account closure.

Re: I applied for U.S. Bank Cash + Visa Signature

babygirl1256 — Wed, 01 Jun 2022 05:13:35 GMT

Congrats on your U.S. Bank Cash and Visa Signature approvals.

Re: I applied for U.S. Bank Cash + Visa Signature

NalekSok — Wed, 01 Jun 2022 10:28:05 GMT

Congratulations on your approvals! 🎉 Enjoy those new benefits!

Re: I applied for U.S. Bank Cash + Visa Signature

Anonymous — Wed, 01 Jun 2022 13:28:04 GMT

@DarkKnight_Credit

US Bank often gives sort of an approval and still has humans do a look see (verification) before locking in. Happened to me on three cards over time (note I was already a customer). Seems to be somewhat common for them. Note it happened to me with Elan too (US Bank owned issuer).

Re: I applied for U.S. Bank Cash + Visa Signature

TG10X — Wed, 01 Jun 2022 15:57:13 GMT

Congratulations!

what credit bureau did US Bank pull?