topic Re: US Bank SL Recon - HP? in Credit Card Applications

US Bank SL Recon - HP?

Anonymous — Fri, 16 Nov 2018 19:02:32 GMT

Hi- long-time lurker, first-time poster here.

I just received my US Bank Cash+ Visa Signature card yesterday. Was bracing myself for the notorious $500 SL; opened up the envelope to a slightly better $1000 SL. After reading so many threads here about successful USB SL recons, I called underwriting today planning to ask for $5k, but the CSR informed me it would be a HP even though they just pulled my info last week. She said it was a new rule that any CLI/SLI requires a HP. Is this true? Dozens of posts here say people have successfully reconned their $500 SL, so I was really hoping $5k would be doable since they started me at $1k, but it's not worth another HP to me.

The number I called was 800-947-1444, "Underwriting Services". Is this a HUCA situation? Is there another number I should try? Or just suck it up with $1k? ($1k is fine and usable for me, I was just hoping for a little more room to keep utilization low.)

Many thanks- this forum has been very helpful!

Re: US Bank SL Recon - HP?

Caardvark — Fri, 16 Nov 2018 19:54:06 GMT

You could always try calling back and trying with a different rep. I called to recon my SL and did not get an HP. Sadly, I also did not get an increase.

DP:

SL was 1250

They pulled TU only (706)

One collection $849 (DOFD 2014)

several 90 day and 60 day lates between 2014 and 2015.

30 day lates as recently as 2017 but not since 22 months ago

Re: US Bank SL Recon - HP?

Anonymous — Fri, 16 Nov 2018 19:55:53 GMT

Hopefully the new rule is not accurate. I would do HUCA because that is all you have left to try before another HP.

Re: US Bank SL Recon - HP?

Anonymous — Sat, 17 Nov 2018 07:58:05 GMT

I just received my card 2 weeks ago, same exact one. After receiving it i noticed the 500 sl, I called and talked to customer service, she said they always do a hard pull. I asked her to send it to underwriting and note it that I didnt want to do a hp as they just pulled my report a week earlier. She did, and I decided to call underwriting, spoke with them and explained I didnt know starting limit till I received the card, and was disappointed in the low limit that I thought it would be more. He noted the account that I didnt want to do a hp and said it should be reviewed within couple days, later that afternoon I looked at account and they increased limit to 1k which was better obvi but asked for 2k. Received a letter few days later stating no account history with them etc... and to use the card for a few months to be considered for auto cli.

Re: US Bank SL Recon - HP?

Anonymous — Sat, 17 Nov 2018 15:34:45 GMT

Thanks all for the replies and DPs!

Just called UW again, no luck. The second CSR told me the same thing, that a recent policy change requires a HP for any sort of CLI, even though they just pulled my info last week. He said after six months of use they'll manually review and consider giving a CLI at that time, or that I can call the number on the back of my card anytime to request one, though that will incur a HP. Maybe I could have pushed a little harder (the CSR didn't even pull up my file this time), but I truthfully won't be putting >$1k of spend on this card, so I'll just let it be for now and be happy that I at least got more than $500 to work with.

If anyone successfully recons their USB SL without a HP, it'd be great to know if this "new rule" is truly in place or if I just had bad luck with CSRs. Would rather just start using the card than HUCA so I'll make peace with my $1k SL.

Some DP: No history with USB before applying, but TU score around 750, no baddies, only 1 inq in 2018 and 1 inq in 2017. Still happy with my approval.