topic Re: US Bank Signature Rewards card in Credit Card Applications

US Bank Signature Rewards card

AverageJoesCredit — Sat, 18 May 2019 22:44:15 GMT

Hey guys, just wanted to get a general consensus on this card. I recently tried to get the Gold checking but for some reason either info didnt match or they couldnt verify. Anyhoo, i tried to get the 5% Cash card with it but figured with one denial the cc would be a dead end.

Today i got the AA letter. It said i would need to unlock/unfreeze all 3 reports to continue processing the app or to re-evaluate my application.

My question is do you think it would be a waste of time/potential hps for denial since i do not have a US Bank relationship or should i try? Hps stink but i get them all the time so a couple more dont bother me lol but if there really is no chance i wont even rock the craddle. Thanks for any insight, AJC

Re: US Bank Signature Rewards card

Anonymous — Sat, 18 May 2019 22:50:01 GMT

Depends on how many recent HP's you're talking about. I got auto denied with 5-6 and on recon flipped the 2 cards to approvals and an additional recon to 10K/ea.

Re: US Bank Signature Rewards card

AverageJoesCredit — Sat, 18 May 2019 23:10:57 GMT

Im sure i gotta couple on each this past 6-9 months. Not sure how many id have to check but i did just get dp for a recent cc on TU and Eq , which kinda took me by suprise. I really should just finally shut down apps for a year min , 2 would be my real goal but this would be an interesting card.From what i read they are really relationship bank so without that id most likely be throwing 3 hps away for nothing.

Re: US Bank Signature Rewards card

Anonymous — Sat, 18 May 2019 23:19:39 GMT

My apps were cold apps w/o any prior relationship and the checking account was an after thought to redeem the rewarss into. Others start with Gold Checking to get the TU pull and CC on the same app.

Re: US Bank Signature Rewards card

Anonymous — Sat, 18 May 2019 23:24:59 GMT

If you have opened new accounts in the last 6 months, I would wait. I got shot down for 6 in 6 (5 cards) but there have been others who got rejected with less. If you get the right person in UW they will submit it for manual approval but us LIErs don’t have as much negotiating power since our spend is not much.

Re: US Bank Signature Rewards card

Anonymous — Sat, 18 May 2019 23:32:05 GMT

LIE or not.... I only use them for recurring bills ~$100/mo for the 5% back

I got turned off when I used them on e-bay and got smacked with the FTF on a couple of purchases that were US based but their paypal came back w/ China registrations.

Re: US Bank Signature Rewards card

AverageJoesCredit — Sat, 18 May 2019 23:32:29 GMT

Thanks @Anonymous . Excellent point. Though my profile isnt bad it is lol/24. Ill probably just add them to a small list if i can go 0/24 . I dont care for Chase so they arent end goal cards for me anyway. Appreciate your advice/experience. #LIErsClub2019 🤑

Re: US Bank Signature Rewards card

Anonymous — Sat, 18 May 2019 23:35:46 GMT

@AverageJoesCredit wrote:
Thanks @Anonymous . Excellent point. Though my profile isnt bad it is lol/24. Ill probably just add them to a small list if i can go 0/24 . I dont care for Chase so they arent end goal cards for me anyway. Appreciate your advice/experience. #LIErsClub2019 🤑

They aren’t sensitive past 6 months really as long as you haven’t burned a bunch of new accounts after opening. I’ve kept every one of my new accounts open except for the Amex last year and that was closed for an entirely different reason.

I was honestly surprised that was the reason for denial and not my burning them for more than $10K (I don’t remember the exact amount, it was less than $15K but more than $9K for sure) back in 2010. They only mentioned two things on the denial letter - new accounts was number 1, BK on report was number 2. EX FICO 9 of 720.

Re: US Bank Signature Rewards card

wingennis — Sun, 19 May 2019 00:31:51 GMT

@AverageJoesCredit wrote:
Hey guys, just wanted to get a general consensus on this card. I recently tried to get the Gold checking but for some reason either info didnt match or they couldnt verify. Anyhoo, i tried to get the 5% Cash card with it but figured with one denial the cc would be a dead end.

Today i got the AA letter. It said i would need to unlock/unfreeze all 3 reports to continue processing the app or to re-evaluate my application.

My question is do you think it would be a waste of time/potential hps for denial since i do not have a US Bank relationship or should i try? Hps stink but i get them all the time so a couple more dont bother me lol but if there really is no chance i wont even rock the craddle. Thanks for any insight, AJC

AJC, I didn't have any kind of relationship with USB when I applied for that card and I had just been approved for 3 other cards that were already reporting. They pulled my TU which, at that time, was my worst score at 660. They approved 500-I reconned to 5k. I've made a lot of money on that card-it was was definitely worth having.

Re: US Bank Signature Rewards card

Meanmchine — Sun, 19 May 2019 00:37:12 GMT

Since when did US Bank start triple pulling?? I always thought they were a straight TU puller

Re: US Bank Signature Rewards card

CreditMagic7 — Sun, 19 May 2019 00:46:25 GMT

@Meanmchine wrote:
Since when did US Bank start triple pulling?? I always thought they were a straight TU puller

Agree-I only was tapped for a single TU pull last week on a new approval. Years before when i had any of their products was only a single pull as well as sometimes for a CLI if SP wasn't in the equation.

Re: US Bank Signature Rewards card

Anonymous — Sun, 19 May 2019 00:58:15 GMT

@Meanmchine wrote:
Since when did US Bank start triple pulling?? I always thought they were a straight TU puller

They might be SPing second or third bureaus. I only got an HP on EX when I did my app at the end of last month but I wouldn’t be surprised if they SP’d TU as well. SPs require credit reports to be unfrozen if you don’t have an existing relationship.

Re: US Bank Signature Rewards card

CreditMagic7 — Sun, 19 May 2019 01:38:44 GMT

Boy AJC, it's in my opnion a total toss up on the chances but.......

You absolutely MUST unfreeze those reports as requested if you stand any chance at all since you already pulled the trigger on the 5% card.

The results you read up on should most definitely give you some idea. Whatever the choice, best of luck for a good outcome

Re: US Bank Signature Rewards card

Remedios — Sun, 19 May 2019 01:57:36 GMT

AJC, I got denied by computer for two accounts (4 and 5 months old at the time).
EX was SP'ed for checking, HP only on TU.
Denial was overturned by UW, he had access to Sage Stream (and/or) LN based on his question about my professional license number.
Also, probably EWS report too, as he seemed more familiar with my checking account balances than me.
FICO 9 in higher 770 range.

Card is definitely worth it.

I've had no issues other than gentle pressure to look into other aspects of banking relationship, which considering my 17 year fling with Chase is not a bad thing, even if it makes me move slightly away from BECU and couple of other FIs.

Re: US Bank Signature Rewards card

CreditCuriosity — Sun, 19 May 2019 02:14:17 GMT

Us Bank is a major PITA applying for checking online.. If you were to do that although doubt they have branches in PR. I had nightmares back when i applied online, but went in branch took 2 mins last time i had a checking account with them.

With regards to CC honestly if it a toss up as I personally know someone that has near 100 inquiries on one CRA and got a 5k approval among other negative things on their CR. While others with 800's get 500 lol cl's and have to recon with mixed results. Really depends on the UW I believe whether they have had their coffee or not if you dont get an instant approval or on your recon or not sl.

Re: US Bank Signature Rewards card

M_Smart007 — Sun, 19 May 2019 03:44:01 GMT

what i don't undertand is why a guy wo has been on this forum since 2016 and is a Super Contributor

would have his reports frozen, knowing that US Bank uses CRA's For Identity Purposes. and to get a Gold Account,

you must have "No Ice Cream on The Frozen side"

honestly, I am Extremely Happy with US Bank. Gold Checking & Cash+

My Advice is to open a Gold Checking in a Branch (if possible) although that might take a swim across The Pacific to do.

when you open a Gold Checking, The Cash+ Card is pretty much a given to you!

Wish you The Best My Friend!

Re: US Bank Signature Rewards card

AverageJoesCredit — Sun, 19 May 2019 12:01:50 GMT

Lol, thsnks Smartie

Thank you everybody for your words of advice. Ill bet those other credit reports have weird info on me and not knowing whats on them is probably not ideal if applying with a lender who uses them.

I just decided to let it rest for now. I need to make it 6 months first with no new accounts lol. THAT would be a big milestone for me. I think i need to look into getting my reports . My luck im a millionaire , dont know it and am grossly misleading my income lol.

Oh and for funnies @M_Smart007 i actually did have all 3 reports unlocked lol. I think i applied like late Friday night for the Hold Checking/ cc but on Sunday i received an email that said kiss their grits so i immediately locked my TU and EQ, ex was open for a week, since i figured i wouldnt get a card anyway. For shame

Re: US Bank Signature Rewards card

kdm31091 — Sun, 19 May 2019 13:20:28 GMT

US Bank is pretty conservative. I would probably wait until you've gone six months without a new account. I know that is often easier said than done, but I think it would give you a much better chance of approval.

Re: US Bank Signature Rewards card

AverageJoesCredit — Sun, 19 May 2019 14:33:24 GMT

Agreed Kdm, thanks. Sometimes playing the patience game is better for the longgame.

Re: US Bank Signature Rewards card

M_Smart007 — Sun, 19 May 2019 14:59:57 GMT

@AverageJoesCredit wrote:
Lol, thsnks Smartie

Thank you everybody for your words of advice. Ill bet those other credit reports have weird info on me and not knowing whats on them is probably not ideal if applying with a lender who uses them.

I just decided to let it rest for now. I need to make it 6 months first with no new accounts lol. THAT would be a big milestone for me. I think i need to look into getting my reports . My luck im a millionaire , dont know it and am grossly misleading my income lol.

Oh and for funnies @M_Smart007 i actually did have all 3 reports unlocked lol. I think i applied like late Friday night for the Hold Checking/ cc but on Sunday i received an email that said kiss their grits so i immediately locked my TU and EQ, ex was open for a week, since i figured i wouldnt get a card anyway. For shame

Sorry, My Sincere Apologies, I mis-understood,

The whole enchilada. so i spoke and poke'd out of ignorance.

I do believe after reading you are playing it right. by letting things cool off for a while.

cooler heads and patience usually prevail. (I am trying to work on the patience thing myself)

Look on the bright side at least no swim across the Pacific now,

and you can Focus on Figuring out Those Bonovoyage points thing.

and what Ritz Carlton Hotel you will stay at, give a wave to Smartie, he'll br the only one sleeping in parking lot.