topic Re: US Bank Altitude Reserve Question in Credit Card Applications

US Bank Altitude Reserve Question

Aloha808 — Fri, 15 Nov 2019 03:27:19 GMT

In Hawaii, and trying to establish a relationship with USB for my wife so she can get the AR. I already have a USB biz card and so I'm eligible to open a checking/savings account, but she isn't, due to our geographic location. Does anyone know if it's possible for me to open a deposit account with USB, and then add my wife as a co-owner (remotely)? And, that being said, would that be a sufficient relationship for her to apply for the AR? We're not planning on going to a USB branch anytime soon.

Re: US Bank Altitude Reserve Question

Anonymous — Fri, 15 Nov 2019 03:27:42 GMT

@Aloha808 wrote:
In Hawaii, and trying to establish a relationship with USB for my wife so she can get the AR. I already have a USB biz card and so I'm eligible to open a checking/savings account, but she isn't, due to our geographic location. Does anyone know if it's possible for me to open a deposit account with USB, and then add my wife as a co-owner (remotely)? And, that being said, would that be a sufficient relationship for her to apply for the AR? We're not planning on going to a USB branch anytime soon.

Yes, that is what I did with my daughter. I had the Cash+, so even though I was out of area, I was eligble to open a checking account. We opened a joint checking account on line so no-one had to be there (as there are no branches anywhere near here). She was able to successfully apply for the AR a week later (and we opened the account with about $100)

Re: US Bank Altitude Reserve Question

Aloha808 — Fri, 15 Nov 2019 03:27:57 GMT

@Anonymous wrote:
Yes, that is what I did with my daughter. I had the Cash+, so even though I was out of area, I was eligble to open a checking account. We opened a joint checking account on line so no-one had to be there (as there are no branches anywhere near here). She was able to successfully apply for the AR a week later (and we opened the account with about $100)

Awesome! Thank you, that's super helpful.

Re: US Bank Altitude Reserve Question

Remedios — Fri, 15 Nov 2019 04:05:40 GMT

@Anonymous did you add your daughter to an existing checking account as joint owner or was this a new checking account to both of you?

Re: US Bank Altitude Reserve Question

Anonymous — Fri, 15 Nov 2019 04:55:24 GMT

@Remedios wrote:
@Anonymous did you add your daughter to an existing checking account as joint owner or was this a new checking account to both of you?

It was a new checking account for both of us.

Re: US Bank Altitude Reserve Question

Aloha808 — Sat, 16 Nov 2019 17:33:39 GMT

@Anonymous wrote:
@Remedios wrote:
@Anonymous did you add your daughter to an existing checking account as joint owner or was this a new checking account to both of you?
It was a new checking account for both of us.

Checked with USB customer service, and unfortunately only consumer credit cards make one eligible to open a checking/savings account with USB, not a business credit card. Does anyone know if you can open an account in-branch if you're a resident of an area without a USB footprint? I'll be visiting an area with USB branches in 2 weeks.

Re: US Bank Altitude Reserve Question

Anonymous — Sat, 16 Nov 2019 20:29:07 GMT

@Aloha808 wrote:
@Anonymous wrote:
@Remedios wrote:
@Anonymous did you add your daughter to an existing checking account as joint owner or was this a new checking account to both of you?
It was a new checking account for both of us.
Checked with USB customer service, and unfortunately only consumer credit cards make one eligible to open a checking/savings account with USB, not a business credit card. Does anyone know if you can open an account in-branch if you're a resident of an area without a USB footprint? I'll be visiting an area with USB branches in 2 weeks.

Not sure. The alternative is to open a consumer credit card, only the Altitude requires a relationship. Not always a great solution as it's another inq and account, but a workaround.

Re: US Bank Altitude Reserve Question

Remedios — Sat, 16 Nov 2019 20:35:46 GMT

I do think that opening another card, even if one of their own may pose a problem when you try for AR.
I would imagine it's profile dependent, but if denied, you're looking at long wait.
I guess it all depends on risk tolerance.

I'd call them and ask if opening checking in person while traveling is an option. They seem to place decent amount of weight on depository relationship, primarily in hopes you explore other products on that end.

For me, opening cash+ so close to AR resulted in poopy SL, another HP to increase it. I should have waited a lot longer than two months.

Re: US Bank Altitude Reserve Question

Aloha808 — Sat, 16 Nov 2019 20:45:17 GMT

@Remedios wrote:
I do think that opening another card, even if one of their own may pose a problem when you try for AR.
I would imagine it's profile dependent, but if denied, you're looking at long wait.
I guess it all depends on risk tolerance.

I'd call them and ask if opening checking in person while traveling is an option. They seem to place decent amount of weight on depository relationship, primarily in hopes you explore other products on that end.

For me, opening cash+ so close to AR resulted in poopy SL, another HP to increase it. I should have waited a lot longer than two months.

Exactly, especially since USB seems to prefer AR applicants with 0/6 inquiries and new accounts.

Re: US Bank Altitude Reserve Question

Anonymous — Sat, 16 Nov 2019 21:07:56 GMT

@Aloha808 wrote:
@Remedios wrote:
I do think that opening another card, even if one of their own may pose a problem when you try for AR.
I would imagine it's profile dependent, but if denied, you're looking at long wait.
I guess it all depends on risk tolerance.

I'd call them and ask if opening checking in person while traveling is an option. They seem to place decent amount of weight on depository relationship, primarily in hopes you explore other products on that end.

For me, opening cash+ so close to AR resulted in poopy SL, another HP to increase it. I should have waited a lot longer than two months.
Exactly, especially since USB seems to prefer AR applicants with 0/6 inquiries and new accounts.

My daughter had opened the PPMC just a little bit before the AR, so 0/6 is not completey necessary. And she was auto-approved (which is more than I was, for either the AR or the REI card!)

Re: US Bank Altitude Reserve Question

Remedios — Sat, 16 Nov 2019 21:23:21 GMT

I had 3 additional cards in 12 months, and my 5k approval was due to "credit seeking" per UW. Also instant approval
I'm not sure if OP would fare like me or your daughter, so if it's important to them, they can base their decision on different experiences

Also, if they looked past a year, I was carnage/24.

Re: US Bank Altitude Reserve Question

Aloha808 — Sun, 17 Nov 2019 17:38:49 GMT

Ok so thinking of applying for myself today. TU 785. New accounts 0/6 0/12 4/24 (unless you count USB biz from May this year). Inquiries 3/6 and 6/12. AAoA 5 years 11 mos.

How are my chances?

Re: US Bank Altitude Reserve Question

simplynoir — Sun, 17 Nov 2019 18:01:17 GMT

@Aloha808 wrote:
Ok so thinking of applying for myself today. TU 785. New accounts 0/6 0/12 4/24 (unless you count USB biz from May this year). Inquiries 3/6 and 6/12. AAoA 5 years 11 mos.

How are my chances?

As good as can be. Even the USB biz app is old enough at six months where I don't think they'll question it. YMMV on it being an immediate approval but you should be solid to get it

Re: US Bank Altitude Reserve Question

Aloha808 — Sun, 17 Nov 2019 18:27:48 GMT

@simplynoir wrote:

As good as can be. Even the USB biz app is old enough at six months where I don't think they'll question it. YMMV on it being an immediate approval but you should be solid to get it

Thanks for the fast reply. I was thinking the only way to get her a relationship with a chance of getting approved soon (and me getting an AR too), is for me to apply for AR now with the hopes of approval. Then I could open a deposit account with her as a joint owner. I'm like 95% set on applying today.

The time factor is due to her having recently gotten the no-AF aspire offer earlier this month, so she'll need to apply for AR before amex reports the new card. Plus she's been gardening (TU pulls 0/12, score 760, accounts 4/24 and 0/12). If she waits another 6 months after the aspire it'll hold up the other cards she wants to get.

Re: US Bank Altitude Reserve Question

Aloha808 — Sun, 17 Nov 2019 18:44:02 GMT

@simplynoir wrote:

As good as can be. Even the USB biz app is old enough at six months where I don't think they'll question it. YMMV on it being an immediate approval but you should be solid to get it

Yikes....denied! Applied online just now. "At this time, we are unable to approve your application based on the information you have provided."

Re: US Bank Altitude Reserve Question

simplynoir — Sun, 17 Nov 2019 18:48:18 GMT

@Aloha808 wrote:
@simplynoir wrote:

As good as can be. Even the USB biz app is old enough at six months where I don't think they'll question it. YMMV on it being an immediate approval but you should be solid to get it
Yikes....denied! Applied online just now. "At this time, we are unable to approve your application based on the information you have provided."

I would recon the decision tomorrow unless their credit department is open today. Unless there's something I'm not aware on your credit profile that made them second guess you should have at least got a pending decision, totally didn't see the denial coming

Anything on your Sagestream/ARS reports that would give them pause perhaps?

Re: US Bank Altitude Reserve Question

Aloha808 — Sun, 17 Nov 2019 18:56:16 GMT

@simplynoir wrote:
@Aloha808 wrote:
@simplynoir wrote:

As good as can be. Even the USB biz app is old enough at six months where I don't think they'll question it. YMMV on it being an immediate approval but you should be solid to get it
Yikes....denied! Applied online just now. "At this time, we are unable to approve your application based on the information you have provided."
I would recon the decision tomorrow unless their credit department is open today. Unless there's something I'm not aware on your credit profile that made them second guess you should have at least got a pending decision, totally didn't see the denial coming

Anything on your Sagestream/ARS reports that would give them pause perhaps?

Unfortunately I haven't the foggiest of what Sagestream/ARS have on me. Ever since I found out that freezing them would lead to USB denials, I haven't paid attention to them. Will definitely call recon tomorrow (they're closed today) to see what's what, but from what I've seen it appears as though chances are slim with that route. I can only assume the denial is because USB didn't like the number of inquiries I have, or it could be some strange Sagestream/ARS issue?

Re: US Bank Altitude Reserve Question

simplynoir — Sun, 17 Nov 2019 19:14:58 GMT

The only things I can see them giving pause would be the inquiries or perhaps your apps from the last two years in total. But it's strange that back in May they approved you for a biz card so it's why I'm scratching my head here unless the UW really is that much stricter

Re: US Bank Altitude Reserve Question

Aloha808 — Sun, 17 Nov 2019 19:16:28 GMT

@simplynoir wrote:
The only things I can see them giving pause would be the inquiries or perhaps your apps from the last two years in total. But it's strange that back in May they approved you for a biz card so it's why I'm scratching my head here unless the UW really is that much stricter

The biz card in question is the Skypass, and I've heard that UW might be more lenient for USB cobranded cards. Maybe that would explain the Skypass approval?

Re: US Bank Altitude Reserve Question

simplynoir — Sun, 17 Nov 2019 20:21:47 GMT

Perhaps. Hopefully when you call in tomorrow you'll get some answers and perhaps even an approval waiting for you