topic Re: US Bank cash + in Credit Card Applications

US Bank cash +

Anonymous — Mon, 24 Nov 2014 04:35:36 GMT

I've heard both good and bad things about this card, and I know they nerfed most of the good categories from the 5%. Do you guys still think it's worth applying if I'm interested in the clothing and fast food category? And how are they with 3-4 inquiries on TU?

Re: US Bank cash +

Anonymous — Mon, 24 Nov 2014 04:43:15 GMT

@Anonymous wrote:
I've heard both good and bad things about this card, and I know they nerfed most of the good categories from the 5%. Do you guys still think it's worth applying if I'm interested in the clothing and fast food category? And how are they with 3-4 inquiries on TU?

Only if your profile can pretty much guarantee an instant approval, Otherwise I personally wouldn't bother. (The word personally is key here)

It's your credit and your money

Re: US Bank cash +

Anonymous — Mon, 24 Nov 2014 04:49:19 GMT

US bank has treated me well, but I am not a big fan of the Cash+. I like their flexperks cards though, take a look at them.

Re: US Bank cash +

Ghoshida — Mon, 24 Nov 2014 04:49:12 GMT

@Anonymous wrote:
I've heard both good and bad things about this card, and I know they nerfed most of the good categories from the 5%. Do you guys still think it's worth applying if I'm interested in the clothing and fast food category? And how are they with 3-4 inquiries on TU?

I applied for it after knowing that it's getting nerfed. It's still a good card; you have more control of the categories.

I had 4 inq on TU and 4 on EX. EX was pulled and the score was 712. Verification took 7 business days. No recons. Approved for 8.5k.

I rarely get instant approval so I'm OK with some waiting (not 9 days though).

Re: ad Re: US Bank cash +

Dw4250 — Mon, 24 Nov 2014 04:52:19 GMT

Check the categories and see if they work for you.

https://cashplus.usbank.com/index.cfm/main/categories/demo/true

Alas, they have been nerfing like crazy. I have some "inside info" that I will post about when I have more time. Suffice to say, there is more trimming to come.

Re: ad Re: US Bank cash +

celluloid17 — Mon, 24 Nov 2014 05:13:59 GMT

@Dw4250 wrote:
Check the categories and see if they work for you.

https://cashplus.usbank.com/index.cfm/main/categories/demo/true

Alas, they have been nerfing like crazy. I have some "inside info" that I will post about when I have more time. Suffice to say, there is more trimming to come.

I'm intrigued...definitely post your "insider" info when you get a chance!!

Re: US Bank cash +

FinStar — Mon, 24 Nov 2014 05:22:02 GMT

@Ghoshida wrote:
@Anonymous wrote:
I've heard both good and bad things about this card, and I know they nerfed most of the good categories from the 5%. Do you guys still think it's worth applying if I'm interested in the clothing and fast food category? And how are they with 3-4 inquiries on TU?
I applied for it after knowing that it's getting nerfed. It's still a good card; you have more control of the categories.

I had 4 inq on TU and 4 on EX. EX was pulled and the score was 712. Verification took 7 business days. No recons. Approved for 8.5k.

I rarely get instant approval so I'm OK with some waiting (not 9 days though).

The Cash+ is still of value to me and I've had no issues with US Bank in general. I applied through my banker at the branch and was approved within a couple days. They can be inquiry sensitive (but depends on your profile - the thicker the better) but they are not typically fond of lots of new accounts.

Re: US Bank cash +

Anonymous — Mon, 24 Nov 2014 05:30:12 GMT

With the more frequent category delete/add, it's becoming closer to a revolving card, but still a long way from that. If there are categories you like, and are not too something for US Bank, then you can keep them quarter after quarter, much more like a fixed-category card (and of course even those get nerfed).

I'm still not sure why the continue to remove categories once they have a cap in place, but I guess their stats show that people are more likely to be maxing out (or spend more anyway) at restaurants than some of the other categories.

It was a wonderful card, and is certainly no longer that, but it's still pretty good if you can use the categores, and if those categories stay for a while.

The card can return (on 5% categories + bonus) $425 a year. You can compare that to any alternatives you are considering.

Re: US Bank cash +

Anonymous — Mon, 24 Nov 2014 06:16:03 GMT

I think perks+ is a better card..especially with the 0% interest from 12-18 months (depending on the offer you get) and twice the points the first year ...you also get a lower interest rate most times.

Re: US Bank cash +

Themanwhocan — Mon, 24 Nov 2014 23:53:03 GMT

@Anonymous wrote:
I think perks+ is a better card..especially with the 0% interest from 12-18 months (depending on the offer you get) and twice the points the first year ...you also get a lower interest rate most times.

2x points for 12 months on Gas and Grocery doesn't seem very impressive. Now, the US bank Business cards are interesting:

Business Edge Cash Rewards: 3% Cellular, Gas, Office Supply stores.PLUS 25% annual bonus on previous years Cash Rewards up to $250. No annual fe, no Cash Rewards earning cap.

Business Edge Select Rewards (day to day version): 3X on Shipping, Advertising, Utilities, Office Supplies, Telecom, Professional Services. Unlimited points with no cap.

Business Edge Select Rewards (Automotive expenses version): 3X on Gas, Service, Tires, Tolls, Dealerships, Car Washes, and Repairs. Unlimited points with no cap.

Business Edge Select Rewards (Travel and Entertainment expenses version): 3X on Airlines, Auto rentals, Hotels, Restaurants, Travel Agencies. Unlimited points with no cap.