topic Re: US Bank pre approval in Credit Card Applications

US Bank pre approval

krmurrayjr10 — Tue, 06 Aug 2024 19:28:30 GMT

I unfroze my TU file today and did the pre approval for the US Bank Go card. It came back pre approved, but without a starting limit or APR.

I haven't accepted, because if I did open a US Bank card, I'd rather have the Reserve. Does this pre approval bode well for all their cards? I only have a money market account with them right now with a small balance, and did have a secured card with them a decade ago, which I closed on good terms when I no longer needed it.

Re: US Bank pre approval

GZG — Tue, 06 Aug 2024 19:53:04 GMT

@krmurrayjr10 wrote:
I unfroze my TU file today and did the pre approval for the US Bank Go card. It came back pre approved, but without a starting limit or APR.

I haven't accepted, because if I did open a US Bank card, I'd rather have the Reserve. Does this pre approval bode well for all their cards? I only have a money market account with them right now with a small balance, and did have a secured card with them a decade ago, which I closed on good terms when I no longer needed it.

you can call and ask them if there's information on the limit and apr from the pre-approval

Re: US Bank pre approval

krmurrayjr10 — Tue, 06 Aug 2024 19:57:17 GMT

Ah, that's good to know - I assume if the SL is at least $5k, I might be good for the Reserve?

I might just call them, then...

Re: US Bank pre approval

chuckwood — Wed, 07 Aug 2024 15:53:32 GMT

I may not be looking in the correct place but where is the pre approval located. Thank You

Re: US Bank pre approval

cashorcharge — Wed, 07 Aug 2024 17:55:44 GMT

@chuckwood wrote:
I may not be looking in the correct place but where is the pre approval located. Thank You

Preapproval is only offered on select cards. If you visit their site, select a card....a few offer the "preapproval" banner at the top of the page. Those without the banner....aren't part of the preapproval process/opportunity

Re: US Bank pre approval

krmurrayjr10 — Thu, 08 Aug 2024 02:43:23 GMT

Update: I'm playing the waiting game with US Bank. I followed through with the app for the Go card, and received the 7-10 days message. I called later in the day and spoke with a rep who didn't seem to know what he was doing. He said, though, that it looked like it was approved.

After not getting any further communication today, I called again and this time spoke with UW. She said there were 2 apps: 1 associated with the preapproval, which she said I had not "accepted", and 1 from my application, which she said was cancelled as being a duplicate of the first? She then said if I was still interested, she would reactivate one of them for processing and to give it a day or two.

Very strange, so now I wait.

Re: US Bank pre approval

Jazee — Thu, 26 Sep 2024 00:04:37 GMT

@krmurrayjr10 wrote:
Update: I'm playing the waiting game with US Bank. I followed through with the app for the Go card, and received the 7-10 days message. I called later in the day and spoke with a rep who didn't seem to know what he was doing. He said, though, that it looked like it was approved.

After not getting any further communication today, I called again and this time spoke with UW. She said there were 2 apps: 1 associated with the preapproval, which she said I had not "accepted", and 1 from my application, which she said was cancelled as being a duplicate of the first? She then said if I was still interested, she would reactivate one of them for processing and to give it a day or two.

Very strange, so now I wait.

And?

Re: US Bank pre approval

BENAir01 — Fri, 27 Sep 2024 17:25:09 GMT

I wasn't pre approved for the Altitude Connect (probably too many recent inquiries - I'm currently 2/6 and 4/12) but I'm trying to figure out how strict their 0/6 and 1/12 rules are - theres definitely some data points that suggest it's flexible.

Re: US Bank pre approval

Yoshi1981 — Fri, 27 Sep 2024 18:05:20 GMT

@BENAir01 wrote:
I wasn't pre approved for the Altitude Connect (probably too many recent inquiries - I'm currently 2/6 and 4/12) but I'm trying to figure out how strict their 0/6 and 1/12 rules are - theres definitely some data points that suggest it's flexible.

@BENAir01 I didn't realize this was a rule for USB but if confirmed I wouldn't test the theory unless you're comfortable burning the hard inquiry just to find out. Was pre-approved for the card at 0/6 and 1/12 with pretty high utilization/mediocre scores so thats within the requirement. But no go on a second card. Although the rep was extremely helpful explaining the issue so fairly confident I can be approved for Cash+ in 6 - 12 months.

Re: US Bank pre approval

NoHardLimits — Fri, 27 Sep 2024 18:10:25 GMT

@BENAir01 wrote:
I wasn't pre approved for the Altitude Connect (probably too many recent inquiries - I'm currently 2/6 and 4/12) but I'm trying to figure out how strict their 0/6 and 1/12 rules are - theres definitely some data points that suggest it's flexible.

Do you have an existing relationship with US Bank? Flexibility with the 0/6 and 1/12 guidelines usually pertain to customers with positive US Bank history.

Re: US Bank pre approval

BENAir01 — Fri, 27 Sep 2024 18:39:29 GMT

No, no history. I'm not in a rush to get the card and unless Capital One comes out with a 5% top category card I'm not in a rush to get any other cards, so I'll happily wait.

Re: US Bank pre approval

Jazee — Mon, 30 Sep 2024 17:08:24 GMT

@BENAir01 wrote:
I wasn't pre approved for the Altitude Connect (probably too many recent inquiries - I'm currently 2/6 and 4/12) but I'm trying to figure out how strict their 0/6 and 1/12 rules are - theres definitely some data points that suggest it's flexible.

I'm thinking of applying for Altitude Connect. Can you provide some more data points other than your inquiries? FICO scores? Number of accounts, UTI profile individual and total?

Re: US Bank pre approval

BENAir01 — Tue, 01 Oct 2024 13:24:01 GMT

FICO ~780, 5 accounts, ~55k TCL, ultra low utilization, 30 years with authorized users and 4 with just personal accounts, recent inquiries in feb, march, april, and july.

Re: US Bank pre approval

Jazee — Wed, 02 Oct 2024 15:46:39 GMT

Where did you go for the pre-approval? I have a US Bank Deposit account. Granted my account is only 2 months old and my FICO probably isn't high enough to get any offer from them but my score will be changing signficantly in the coming month. Both when I'm not logged in and when I'm logged in, I only see "Apply" buttons for all their cards.

Re: US Bank pre approval

Yoshi1981 — Wed, 02 Oct 2024 15:50:54 GMT

@Jazee wrote:
Where did you go for the pre-approval? I have a US Bank Deposit account. Granted my account is only 2 months old and my FICO probably isn't high enough to get any offer from them but my score will be changing signficantly in the coming month. Both when I'm not logged in and when I'm logged in, I only see "Apply" buttons for all their cards.

@Jazee if you mean where to go for USB pre-approval (sorry, hard to tell with wording above) simply click on the USB link for Connect. USB has pre-approval options for a couple cards, definitely Connect and GO but not Cash+. Not sure about the remaining cards.

Re: US Bank pre approval

Jazee — Wed, 02 Oct 2024 17:33:25 GMT

@Yoshi1981 wrote:
@Jazee wrote:
Where did you go for the pre-approval? I have a US Bank Deposit account. Granted my account is only 2 months old and my FICO probably isn't high enough to get any offer from them but my score will be changing signficantly in the coming month. Both when I'm not logged in and when I'm logged in, I only see "Apply" buttons for all their cards.

@Jazee if you mean where to go for USB pre-approval (sorry, hard to tell with wording above) simply click on the USB link for Connect. USB has pre-approval options for a couple cards, definitely Connect and GO but not Cash+. Not sure about the remaining cards.

Ah ha! It was my ad blocker plugin that was blogging the pre-approval banner! All 3 cards I'm interested in now have pre-approvals (3 different banks.) This was the one I thought there was no-pre approval. Thank you! Now I can lessen my chances of getting an unecessary hard pull.

Re: US Bank pre approval

Yoshi1981 — Wed, 02 Oct 2024 18:43:56 GMT

@Jazee You're welcome Happy to help. I'm not comfortable applying for anything without a pre-approval atm so this was pretty important to me. Good luck!

Re: US Bank pre approval

mgood — Thu, 10 Oct 2024 12:41:53 GMT

@BENAir01 wrote:
I wasn't pre approved for the Altitude Connect (probably too many recent inquiries - I'm currently 2/6 and 4/12) but I'm trying to figure out how strict their 0/6 and 1/12 rules are - theres definitely some data points that suggest it's flexible.

I think the 0/6, 1/12 with US Bank is more of a suggestion. They are very conservative and too many new accounts will hurt your chances, but that doesn't seem to be a hard rule.

I was 0/6, 2/12 when I was approved for the Cash+ with no prior relationship. I got a $2k starting limit, which I considered low compared to my other cards, but I saw other people here, some with scores as good as or better than mine, getting $500 SLs. Later got a good CLI (after a HP) to $10k.

I believe I was 0/6, 3/12 when approved for the Shopper Cash Rewards with a $7k SL.

Re: US Bank pre approval

BENAir01 — Fri, 11 Oct 2024 17:22:02 GMT

Yeah, I might try my pre approval again when I'm 1/6, 4/12.

Re: US Bank pre approval

BENAir01 — Fri, 15 Nov 2024 19:08:17 GMT

Well I just tried the pre approval again and it went to a screen saying my application is under review, I should expect to be reached out to in 7-10 days. Interesting, I didn't know they did that for pre approvals. Makes me a little worried it went in as a full application.