topic Re: Max US Bank CLs/Exposure? in Credit Card Applications

Max US Bank CLs/Exposure?

SunriseEarth — Fri, 06 Aug 2021 07:38:45 GMT

My last CLI attempt for my US Bank Cash+ was denied, indicating that I had reached a maximum exposure. My Cash+ CL is $25K and my Altitute Go CL is $24.5K. Reported income is $150K.

I was curious what CLs other have with US Bank. Some banks have a fairly well known exposure limit compared to income (i.e., BofA at 50% of income, AMEX strigency >40% of income, etc.) and other cards/CCCs have a dollar limit (i.e., IV usually needed over $25K for Macy's, Synchrony getting antsy ~$100K overall exposure, etc.). I haven't really found this info on US Bank.

Re: Max US Bank CLs/Exposure?

NaimeseOGK — Fri, 06 Aug 2021 16:35:58 GMT

I know US Bank is known to be stingy. So I wouldn't be surprised honestly.

Re: Max US Bank CLs/Exposure?

IntegerIntrovert — Fri, 06 Aug 2021 18:59:33 GMT

Your experience is consistant with mine.

Re: Max US Bank CLs/Exposure?

AverageJoesCredit — Fri, 06 Aug 2021 19:54:13 GMT

@NaimeseOGK wrote:
I know US Bank is known to be stingy. So I wouldn't be surprised honestly.

Is 40-50k extended in credit limits stingy? Just curious.

Re: Max US Bank CLs/Exposure?

Remedios — Fri, 06 Aug 2021 22:38:31 GMT

My current exposure with US Bank between three cards is $66K.

Checking, savings, and investment account, plus personal loan.

Re: Max US Bank CLs/Exposure?

Remedios — Fri, 06 Aug 2021 22:42:45 GMT

@SunriseEarth wrote:
My last CLI attempt for my US Bank Cash+ was denied, indicating that I had reached a maximum exposure. My Cash+ CL is $25K and my Altitute Go CL is $24.5K. Reported income is $150K.

I was curious what CLs other have with US Bank. Some banks have a fairly well known exposure limit compared to income (i.e., BofA at 50% of income, AMEX strigency >40% of income, etc.) and other cards/CCCs have a dollar limit (i.e., IV usually needed over $25K for Macy's, Synchrony getting antsy ~$100K overall exposure, etc.). I haven't really found this info on US Bank.

I think you haven't found it because I don't think set percentage.

That type of denial usually resolves as time passes, especially if you've been getting regular increases.

There might be a ceiling, but it's snapshot in time (according to me).

I got it once, and I've probably gotten $25K more since then.

Income didn't change, but time passed, that was the only difference.

Re: Max US Bank CLs/Exposure?

NaimeseOGK — Fri, 06 Aug 2021 23:16:47 GMT

@AverageJoesCredit wrote:
@NaimeseOGK wrote:
I know US Bank is known to be stingy. So I wouldn't be surprised honestly.
Is 40-50k extended in credit limits stingy? Just curious.

Well I understand your experience with them is better. I will give them a few months and ask for a credit increase and see what they say for me.

Re: Max US Bank CLs/Exposure?

firefox100 — Sat, 07 Aug 2021 01:06:37 GMT

I have two credit cards with US bank they are Cash+ with a credit limit of 24.5K and the Altitude go Visa with a credit limit of 15K for total cl of 39.5K on income of 85K and a small checking account with balance of 300 dollars with them fico scores around 800. will be trying for credit increase on the both accounts next year.

Re: Max US Bank CLs/Exposure?

BigBS — Sat, 07 Aug 2021 01:54:31 GMT

4 cards with them:

Altitude Go - $25K

Cash+ - $19K

Fidelity Cash Rewards - $25K

State Farm Rewards - $6K

$69K between the 3 primary US Bank cards. On all except the State Farm Rewards I have received CLIs when requested until my last request on the Cash+ (don't remember the reason why?). The State Farm card was part of the recent alliance with State Farm, so haven't had the opportunity to try. Will likely try again after the first of the year.

Re: Max US Bank CLs/Exposure?

SunriseEarth — Sat, 07 Aug 2021 04:22:58 GMT

@AverageJoesCredit wrote:
Is 40-50k extended in credit limits stingy? Just curious.

I wouldn't say so necessarily. BOTW handing out a $3K CL, on the other hand...

Re: Max US Bank CLs/Exposure?

SunriseEarth — Mon, 09 Aug 2021 04:53:14 GMT

So I haven't seen anyone post a CL over $25K, and I'm wondering if that may actually be a ceiling per card. Overall exposure doesn't seem to be as rigid, however, so that's interesting to note. So if I'm right, my Cash+ is topped out, my Altitute Go could grow another $500, and any further growth with US Bank would need to be on another product.

Re: Max US Bank CLs/Exposure?

Remedios — Tue, 10 Aug 2021 02:34:48 GMT

@SunriseEarth wrote:
So I haven't seen anyone post a CL over $25K, and I'm wondering if that may actually be a ceiling per card. Overall exposure doesn't seem to be as rigid, however, so that's interesting to note. So if I'm right, my Cash+ is topped out, my Altitute Go could grow another $500, and any further growth with US Bank would need to be on another product.

My AR is at $34K. I know several members with US Bank cards with limits greater than $25K.

Cash+ is $20K and Go is $12K. I just got an increasee a couple of weeks ago on both AR and Cash+.

Re: Max US Bank CLs/Exposure?

Wavester64 — Tue, 10 Aug 2021 19:48:06 GMT

@AverageJoesCredit wrote:
@NaimeseOGK wrote:
I know US Bank is known to be stingy. So I wouldn't be surprised honestly.
Is 40-50k extended in credit limits stingy? Just curious.

LOL, I was thinking the same

Re: Max US Bank CLs/Exposure?

SunriseEarth — Thu, 12 Aug 2021 04:45:21 GMT

@Remedios wrote:
My AR is at $34K. I know several members with US Bank cards with limits greater than $25K.
Cash+ is $20K and Go is $12K. I just got an increasee a couple of weeks ago on both AR and Cash+.

I'm curious if certain products are more likely to go over $25K, or if having other US Bank products affects anything. Anyway, I'm going to try the LUV button on my Go soon and see what happens.