topic US Bank and a good rate on LOC in Personal Finance

US Bank and a good rate on LOC

fm92555 — Thu, 18 Jul 2024 01:01:08 GMT

I have been focusing on Lines of Credit lately instead of CC's. I have mainly been looking at credit unions as they often are more giving when it comes to LOC's. I have a few CU LOC's are they are awesome when a unique buying opportunity comes along and you want to act fast.

I was discussing things with my wife this week and she mentioned she had a US Bank LOC she has had for over a year now. I guess I had forgot about this.

Well after a little app spree this past week I decided to end it with an app at US Bank to the LOC. They had a pre-approval form and it offered 20k @12.5%. I had my EX locked and I was thinking they would pull EQ and if they didn't then I would just let it be as I did not want any more EX pulls this year. They chose not to pull either EX or EQ and pulled TU instead. Woohoo!

All scores were around 800 but I love the TU pullers.

I was of course excited about the credit line amount, but I don't cary a balance very often so rates usually don't get me too excited. I knew they advertised their rates from 12.5% -22.5% and when I noticed I got the lowest rate I was happy. I don't know if I have the best rate offered from any lenders that are not a credit union. Maybe I am finally in a position to request better rates? If so, that is a good feeling.

As a data point I have two checking accounts, 3 consumer CC's and business CC with them. I also do some direct deposit every month. I have always had good luck working with them and I can't remember too many problems. Definitely a bank that likes a lot of your business.

Re: US Bank and a good rate on LOC

MissLiz — Thu, 18 Jul 2024 03:26:28 GMT

Nice approval! Congratulations!

Re: US Bank and a good rate on LOC

keekers — Thu, 18 Jul 2024 04:07:28 GMT

Congrats.

Re: US Bank and a good rate on LOC

gingerflower — Thu, 18 Jul 2024 04:19:56 GMT

Congratulations

Re: US Bank and a good rate on LOC

nytokyobred79 — Thu, 18 Jul 2024 15:41:01 GMT

Congrats on your approval.

Re: US Bank and a good rate on LOC

cashorcharge — Thu, 18 Jul 2024 23:57:09 GMT

That’s Terrific!! Congratulations on your Approval!!👏🏼🍾🥂

Re: US Bank and a good rate on LOC

NoMoreDebt — Fri, 19 Jul 2024 10:03:24 GMT

Congrats

Re: US Bank and a good rate on LOC

CreditAggie — Thu, 08 Aug 2024 01:58:42 GMT

Congratulations on your US Bank LOC approval!

Re: US Bank and a good rate on LOC

ptatohed — Fri, 09 Aug 2024 07:46:00 GMT

I'm confused. If you don't carry a balance, what is the need for a LOC?