topic Re: Fast Times at USBank in Credit Cards

Fast Times at USBank

score_building — Sun, 06 Nov 2016 02:50:02 GMT

9 yr card closed by lender due to returned snail mail, no attempt to notify by phone or email, do have another open card with--quelle surprise, the same address.

Didn't notice until a few weeks after closure...actually, wait, it dropped off online profile which was odd but dismissed it as a site maintenance type glitch (Sunday) and didn't follow up right away.

Reportedly 'procedure' to 'reopen' require a HP and snail mail or fax request to reinstate account.

Re: Fast Times at USBank

Anonymous — Mon, 24 Oct 2016 04:45:56 GMT

Wait what? They closed your account because something got returned via usps?

Re: Fast Times at USBank

Anonymous — Mon, 24 Oct 2016 04:50:52 GMT

US Bank closed my second-oldest card due to non-use. They sent me a letter a week AFTER it was closed.

It was a Kroger card (and no Kroger companies within probably 500 miles of where I am now), and only had a $500 CL, so not heartbroken about it. Still, not happy, either.

Re: Fast Times at USBank

Anonymous — Mon, 24 Oct 2016 04:51:53 GMT

are you gonna lose all that history?

Re: Fast Times at USBank

Anonymous — Mon, 24 Oct 2016 05:51:14 GMT

LiLCeeZ-

Technically it should still report for 10yrs I believe

Re: Fast Times at USBank

Anonymous — Mon, 24 Oct 2016 05:52:18 GMT

WOW...crazy thing to have happened sorry to here this😶

Re: Fast Times at USBank

Anonymous — Mon, 24 Oct 2016 06:02:40 GMT

@Anonymous wrote:
LiLCeeZ-

Technically it should still report for 10yrs I believe

I meant will they be able to continue the card on like it was never closed so the history will continue to grow

Re: Fast Times at USBank

UncleB — Mon, 24 Oct 2016 06:34:52 GMT

@Anonymous wrote:
LiLCeeZ-

Technically it should still report for 10yrs I believe

It may report for up to 10 years.

I've had closed accounts stop reporting before the 10 years was up, so it's not guaranteed (and if it falls off early there's not much you can do about it) but in most cases closed accounts do stick around for 10 years. As long as they are reporting (open or closed) they continue to impact your AAoA for FICO purposes.

Re: Fast Times at USBank

UncleB — Mon, 24 Oct 2016 06:42:11 GMT

@Anonymous wrote:
@Anonymous wrote:
LiLCeeZ-

Technically it should still report for 10yrs I believe
I meant will they be able to continue the card on like it was never closed so the history will continue to grow

If the bank were to reopen the same account number (which in this case I personally feel they should) then the history would continue growing. But if the bank refuses to do so (or the OP doesn't want to take the HP the bank seems to require in this case) then there would be no further 'growth' and the status will be closed. However, the existing history may continue to report for up to 10 years in any case.

Re: Fast Times at USBank

score_building — Sun, 06 Nov 2016 02:52:36 GMT

@Anonymous wrote:
Wait what? They closed your account because something got returned via usps?

According to USB after a few calls and escalations to get past frontline csr who were not that helpful.

With the exception of the Quack card have nary an account closed by issuer even during the credit crunch, no change in nose bleed scores or clean reports, etc.

At least Synch reportedly sends a letter at some point. USB didn't give any notification there was a problem, or that the account had been closed which was actually a couple of months ago, looking a bit more closely at the time line.

Am not nearly as OCD with monitoring cbr as in early building, with an oldest account almost 30 and AAoA >10, still pull routinely and am vigilant but thankfully not much to fret about now, seriously USB?

To be fair, haven't really had any other problems to speak of with them and received CLI routinely on this account as recently as this past summer.

Re: Fast Times at USBank

Anonymous — Mon, 24 Oct 2016 15:25:50 GMT

score_building- Are working to 're-instate it or are you moving on ???

Re: Fast Times at USBank

score_building — Tue, 25 Oct 2016 02:21:36 GMT

Nearly just let it go, looking to be INQ free--still have a handful on all three, such a dumb reason to allow HP...sigh but it's close enough to AAoA, only around 5k below avg CL, provides diversity...just enough to needle into doing it since the INQ won't matter much, a bit irksome nonetheless.

This experience is on par with other reports of encounters w USBs rather antiquated system, they need to get themselves sorted!😁