topic Re: U.S. Bank says I have 'excellent credit'...and they meant it! in Credit Cards

U.S. Bank says I have 'excellent credit'...

Scamp — Mon, 02 Feb 2009 21:47:34 GMT

...and me locked up in the CCUC!!!

Got a 'pre-qualified' letter from them today. 0% on purchases for a year, 3.99% on BT's 'til 2013. No annual fee (provided I make at least one purchase a year with the card). 12.15% on purchases AND BT's after the promo periods end.

I guess maybe they're not as primo as they once were, based on some previous posts I've read about them on here, but - sheesh, I never expected to get a pre-app letter from a creditor like them until I was at least solidly in the 700's across the board (do have TU at 726 at the mo. Others were in the 680's or 690's, last time I checked, a month or two ago) and had a much longer history!

*sigh*

Message Edited by Scamp on 02-02-2009 01:47 PM

Re: U.S. Bank says I have 'excellent credit'...

Anonymous — Tue, 29 Jul 2008 02:28:05 GMT

Awesome! One day I'll know the joy of preapprovals. I have a fairly clean set of CRs but I get nothing. And I'm not opted out or whatever it is.

I don't care to apply, I just want them for the glory.

Re: U.S. Bank says I have 'excellent credit'...

Scamp — Tue, 29 Jul 2008 02:36:15 GMT

Anyone know if they're worth tunnelling out of the Center for? Generous initial CL's or anything else like that...? Did a couple searches on here and didn't turn up much.

I wouldn't mind having somebody give me my first 5-figure initial CL, make BofA sit up and take notice and not be so smug in being my highest-CL cc.

Re: U.S. Bank says I have 'excellent credit'...

Anonymous — Mon, 02 Feb 2009 21:48:32 GMT

Scamp wrote:
Anyone know if they're worth tunnelling out of the Center for? Generous initial CL's or anything else like that...? Did a couple searches on here and didn't turn up much.
I wouldn't mind having somebody give me my first 5-figure initial CL, make BofA sit up and take notice and not be so smug in being my highest-CL cc.

I've never gotten that preapproval, but I believe I've seen one just like it. If it's the same one I've seen, I don't think it's a rewards card, is it?

It might be good for a low APR if you need to carry a balance for a while, but otherwise, eh. JMO! (Honestly, if US Bank thought I was worthy of a preapproval, I'd probably be pretty excited about it.)

Message Edited by Scamp on 02-02-2009 01:48 PM

Re: U.S. Bank says I have 'excellent credit'...

Anonymous — Tue, 29 Jul 2008 03:20:58 GMT

Hmmm, my husband got that offer, I think - it was for some sort of Platinum card (no rewards) but the length of the 0% BT rate was awesome.

Shame that it was me who they chose to tell about the offer - they thought it was for ME (our names are rather similar, let's say, and we have a joint checking account with US Bank) - I was rather confused as it came about a week after they'd un-secured my previously secured card, and given me a rather underwhelming and dull card product in its stead.

After doing the whole 'this is the coolest offer EVER!!!' thing at me, and enthusing at great length about how I was preapproved and so should therefore DEFINITELY go for it, they couldn't find the 'accept' button on my account info... not surprising, as the offer turned out to be for my husband (the lady from the bank called me rather sheepishly hours later to say they'd figured out that it was my husband getting the offer, not me - hm, he has lower scores but much longer history - oh, and he's also carrying a big enough balance on a CC that would make the 0% BT offer worth it - maybe that's what they look for when scouring credit profiles). I did tell the husband about this rather cool offer, but he just went 'hm' and that was all the interest he showed. Oh well!

Ummm, my point? I forget. The 0% sounded fantastic - and when I told the bank ladies about my recent un-securing of the secured card, they said I should call and ask for something more interesting. I did so... apparently I have to wait until I've had the boring 'classic' (ie like a Platinum but even more dull) card for three months, then I can call back and ask to switch to something more exciting. They do have a (1%) cashback card, and some kind of frequent flyer miles card (with NWA, I think)... but if it means a hard pull, I'm not asking for nothin' - gimme a preapproval, and I might just consider it!

Message Edited by fevmlo on 07-28-2008 11:20 PM

Re: U.S. Bank says I have 'excellent credit'...

Scamp — Tue, 29 Jul 2008 04:05:18 GMT

cheddar wrote:
I've never gotten that preapproval, but I believe I've seen one just like it. If it's the same one I've seen, I don't think it's a rewards card, is it?

It might be good for a low APR if you need to carry a balance for a while, but otherwise, eh. JMO! (Honestly, if US Bank thought I was worthy of a preapproval, I'd probably be pretty excited about it.)

Nope, not a rewards card - nothing in that regard to tempt. I'm doing okay with my 0%/12 mo. BT deal from BofA, so not even any temptation there. Slight temptation from the initial 0% on purchases, but not much.

It's mostly the 'I am worthy?!' prestige/validation factor that has me eyeing my dinner spoon here in the Center and contemplating what material the floors are likely made of (anybody got a Soils Report on the ground under the Center handy?) - that and I could swear I've read on here that US Bank leans toward pretty high initial CL's if you have a decent CL with another creditor that they'd like to outdo (but couldn't confirm that via a search for them, so maybe I'm mixing them up with some other CCC). Thought maybe other members could verify or debunk that...

Probably AmEx's piddlin' $1K CL on my newish Blue and recent denial of my 60-day CLI request due to my 'too many' ONE inq on the report they pulled and short credit history is bugging me, and part of me would love to score a prime card like this with a big ole initial CL to 'show them'.

That, and another cc, especially if it comes with a 5-figure CL, DOES tend to quickly lower one's overall util!

*pokes experimentally at cell floor with spoon*

Re: U.S. Bank says I have 'excellent credit'...

Anonymous — Mon, 02 Feb 2009 21:54:39 GMT

Scamp wrote:
*pokes experimentally at cell floor with spoon*

Psst....take it from an escapee. The A/C ducts are the way to go.

Seriously, though, if you're in the Center for a reason, I wouldn't think this card would be reason enough to break out. You can still have the satisfaction of knowing you got a preapproval even if you don't get the card!

It sounds like you already have everything this card could offer except for a potential 5-figure CL. That's such a crapshoot, though. What if you apply and get something like $7K? Would you still be happy you applied?

Again, JMO, and just food for thought.

Message Edited by Scamp on 02-02-2009 01:54 PM

Re: U.S. Bank says I have 'excellent credit'...

Scamp — Tue, 29 Jul 2008 04:32:48 GMT

cheddar wrote:

Psst....take it from an escapee. The A/C ducts are the way to go.

I'll try them if the tunnel thing doesn't work. Was avoiding them because the wardens have been watching them more closely since a certain Mod snuck out to grab a Citi Plat AmEx. You owe everyone in the Center drinks at that fancy-schmancy airport lounge, for that!

cheddar wrote:

Seriously, though, if you're in the Center for a reason, I wouldn't think this card would be reason enough to break out. You can still have the satisfaction of knowing you got a preapproval even if you don't get the card!

It sounds like you already have everything this card could offer except for a potential 5-figure CL. That's such a crapshoot, though. What if you apply and get something like $7K? Would you still be happy you applied?

Again, JMO, and just food for thought.

Wise food for thought for me to chew on, Cheddar. Thanks.

I checked in to the Center to sit out my waiting period to de-Egyptianize sufficiently for the PenFed Cash card, but this pre-approval HAS given me a few speculative second thoughts, as has the possibility of PCing my BofA Plat Plus Americard to their new Cash Back AmEx...

And as $7K on my BT'd BofA Rewards AmEx is my highest CL so far, yup - a $7K (or even $5K) initial CL probably would make me happy and do my util a heckuva lot of good in one go!

Re: U.S. Bank says I have 'excellent credit'...

Scamp — Tue, 29 Jul 2008 13:24:49 GMT

So far, am still in the Center - any US Bank cc holders out there who can tell me how they are with initial CL's...?

Thanks for any feedback!

Re: U.S. Bank says I have 'excellent credit'...

Anonymous — Mon, 02 Feb 2009 21:56:26 GMT

Scamp wrote:

cheddar wrote:

Psst....take it from an escapee. The A/C ducts are the way to go.
I'll try them if the tunnel thing doesn't work. Was avoiding them because the wardens have been watching them more closely since a certain Mod snuck out to grab a Citi Plat AmEx. You owe everyone in the Center drinks at that fancy-schmancy airport lounge, for that!

Delta Crown Room. JFK. Be there!

Scamp wrote:
And as $7K on my BT'd BofA Rewards AmEx is my highest CL so far, yup - a $7K (or even $5K) initial CL probably would make me happy and do my util a heckuva lot of good in one go!

Well there you go then. Looks like you've answered your own question!

BTW, LOL @ 'de-Egyptianize'. I think you've just coined a new term.

Message Edited by Scamp on 02-02-2009 01:56 PM

Re: U.S. Bank says I have 'excellent credit'...

Anonymous — Tue, 29 Jul 2008 13:55:22 GMT

I have had a US Bank card since 2003. Keep in mind though I've been banking with them since 1996 too.

They've been pretty good to me so far. My initial credit limit was fairly low, either 900-1000, but I was 19 at the time when I opened the account. Over the years it has increased to 18k. They also slashed my interest rate to 1.9% + prime in 2006 on request, which exceeded my expectations.

My only complaint is that they have sneaky payment deadlines. Sometimes the bill will be due on a Saturday or Sunday. I used to be able to make a payment transfer from my checking account at 10PM the day it was due and be fine, but they ended that policy and its due by like 5-6PM.

If you are a responsible debtor and pay attention, they are a good card company to deal with. I hope that helps.

Message Edited by jessep28 on 07-29-2008 06:55 AM

Re: U.S. Bank says I have 'excellent credit'...

Creditaddict — Tue, 29 Jul 2008 14:52:22 GMT

I love my USbank card, started with a pretty nice limit and has grown to my highest limit over the years. Great rate also that gets better if you ask and you have been with them long time.

Re: U.S. Bank says I have 'excellent credit'...

Scamp — Tue, 29 Jul 2008 15:36:47 GMT

Thanks for posting, jesse and CA. Sounds like longtime customers have only good things to say - very encouraging.

Re: U.S. Bank says I have 'excellent credit'...

Creditaddict — Tue, 29 Jul 2008 15:38:56 GMT

and they LOVE to give you BT offers, and don't mind at all if you carry balance! I have always carried very large balances and gotten my cli when I got those balances below 50%... so in all respect, I probably good have more credit with them if i would get the balance down!

Re: U.S. Bank says I have 'excellent credit'...

Anonymous — Tue, 29 Jul 2008 15:55:32 GMT

Jeeez,

One cant even have a good mornings sleep in the CUC... I will have to make a complaint to the management in this place, so much noise coming from those AC ducts! Sounds like a regular transportation route of some kind. **looks confused**

Re: U.S. Bank says I have 'excellent credit'...

Scamp — Tue, 29 Jul 2008 16:51:56 GMT

"They found 'Tom'!!"

(Yes, I've watched 'The Great Escape' WAAAAY too many times!)

Actually, that noise ain't the ducts - it's me prying up the floor boards to see what kinda digging I may have to do, if I do decide to make a break for it.

Sorry for keeping you up, gettin'. I'll try to work more quietly.

Re: U.S. Bank says I have 'excellent credit'...

Anonymous — Tue, 29 Jul 2008 17:30:32 GMT

Does anyone know what they pull for TX?

Re: U.S. Bank says I have 'excellent credit'...

Creditaddict — Tue, 29 Jul 2008 17:31:57 GMT

Just talked to my local USbank person and credit cards require 620 score

flexline 620

flexline premier 720.

I'm sure there is slightly more to there qualifications than a flat 620 score, but good place to start.

Re: U.S. Bank says I have 'excellent credit'...

Anonymous — Tue, 29 Jul 2008 17:43:36 GMT

I have a 660 score on TU and Exp...........571 on equifax (working on it)..........if they pull either of the two favorable ones I'm golden........otherwise I get a big fat no!

which is why i was wondering.....

thanks

Re: U.S. Bank says I have 'excellent credit'...

Creditaddict — Tue, 29 Jul 2008 17:49:20 GMT

I might risk that they pull others and if not maybe get a recon. to pulll the other!