topic Re: US bank prequalified offers solid? in Credit Cards

US bank prequalified offers solid?

Anonymous — Fri, 13 Oct 2017 04:32:45 GMT

I Recently opened a Us bank easy checking account to take advantage of 200$ checking account Bonus mailer that came to me couple of days ago, and today i got the Us bank debit card and online access.

When i checked their prequal i saw they prequalified me for their 3 cards based on my preference that is cash back. But i dont know if this is just a vague general prequalification thats common or profile specific? for apr it says something like "0% introductory APR∗ on purchases and balance transfers for the first 12 billing cycles. After that, a variable APR applies, currently 19.99%."

Also what are US bank cash+ 5% categories and choices? I am still researching information on this card. i have not looked into US bank credit cards in detail.

Re: US bank prequalified offers solid?

Anonymous — Fri, 13 Oct 2017 04:41:03 GMT

some more details at the bottom

Re: US bank prequalified offers solid?

Anonymous — Fri, 13 Oct 2017 05:29:01 GMT

Yes, those are a solid prequal offer as the APR is not a ragne, but a set rate.

Please note, however, that this is still not a guarantee that you'll be approved.

Re: US bank prequalified offers solid?

Anonymous — Fri, 13 Oct 2017 07:44:14 GMT

I can't speak as to how reliable their prequals are, but I too opened a checking account for the $200 bonus and apllied for the Cash+ about a month ago. I was approved for a 5k SL with an Experian of around 735, but didn't have a prequal (I'm under 21.) You can see what categories are available here https://cashplus.usbank.com/categories/index?quarterId=44. I hear that US bank likes doing business with people who are already there customers. So, if the categories fit your spending habits I would go for it.

Re: US bank prequalified offers solid?

Anonymous — Fri, 13 Oct 2017 13:46:10 GMT

@Anonymous wrote:
I can't speak as to how reliable their prequals are, but I too opened a checking account for the $200 bonus and apllied for the Cash+ about a month ago. I was approved for a 5k SL with an Experian of around 735, but didn't have a prequal (I'm under 21.) You can see what categories are available here https://cashplus.usbank.com/categories/index?quarterId=44. I hear that US bank likes doing business with people who are already there customers. So, if the categories fit your spending habits I would go for it.

Can you explain your approval process ? Thanks . I applied for cash + and the system said they will let me know in 7 to 10 business days. And their automated phone cannot locate my application when i type my ssn. It says we cannot retrieve or something like that. Weird. I guess i will call after some time. Was yours an instant approval? If approved i am planning to switch my checking to gold so that i dont have to do dds to avoid fees

Re: US bank prequalified offers solid?

K-in-Boston — Fri, 13 Oct 2017 16:43:42 GMT

Interesting. Until your thread prompted me to check it out, I've never been prequalified for anything from them before on their site. Looks like the range for both of these cards is 14.99% to 23.99%, so they seem like solid pre-approvals. I am gardening right now, but I'll have to check back again with them to see if that Cash+ Visa Signature drops to 14.99% (out of principle), since I think it would be kinda cool to have four 5% cards (I have Discover it, Chase Freedom, and plan to PC my Citi Diamond Preferred to Dividend in 2018). Oddly, I chose "Travel rewards" under "What is important to you" and it gave me two cash back cards.

Re: US bank prequalified offers solid?

Anonymous — Fri, 13 Oct 2017 17:25:26 GMT

@K-in-Boston wrote:
Interesting. Until your thread prompted me to check it out, I've never been prequalified for anything from them before on their site. Looks like the range for both of these cards is 14.99% to 23.99%, so they seem like solid pre-approvals. I am gardening right now, but I'll have to check back again with them to see if that Cash+ Visa Signature drops to 14.99% (out of principle), since I think it would be kinda cool to have four 5% cards (I have Discover it, Chase Freedom, and plan to PC my Citi Diamond Preferred to Dividend in 2018). Oddly, I chose "Travel rewards" under "What is important to you" and it gave me two cash back cards.

I got those same offers with the same APR, maybe I'll apply once I'm done gardening. They seem like decent cards!

I've heard their pre-qual's are pretty reliable, but it seems like a lot go in to manual review?

Re: US bank prequalified offers solid?

CreditCuriosity — Fri, 13 Oct 2017 17:54:45 GMT

@Anonymous wrote:
@K-in-Boston wrote:
Interesting. Until your thread prompted me to check it out, I've never been prequalified for anything from them before on their site. Looks like the range for both of these cards is 14.99% to 23.99%, so they seem like solid pre-approvals. I am gardening right now, but I'll have to check back again with them to see if that Cash+ Visa Signature drops to 14.99% (out of principle), since I think it would be kinda cool to have four 5% cards (I have Discover it, Chase Freedom, and plan to PC my Citi Diamond Preferred to Dividend in 2018). Oddly, I chose "Travel rewards" under "What is important to you" and it gave me two cash back cards.

I got those same offers with the same APR, maybe I'll apply once I'm done gardening. They seem like decent cards!

I've heard their pre-qual's are pretty reliable, but it seems like a lot go in to manual review?

Yes most go into manual review.. The only two times I haven't gone into manual review with US Bank is when I has a reservation code. Never been denied a Us Bank Card although the limit has to be desired at least for me. I recently opened a Us Bank checking account and threw some money in there again to see if that can let them lighten up on me and not be such tight wads

Re: US bank prequalified offers solid?

K-in-Boston — Fri, 13 Oct 2017 18:02:02 GMT

How long is their manual review process? Like on a scale of Navy/PenFed to JCB/Banco do Brasil Americas?

Re: US bank prequalified offers solid?

galahad15 — Fri, 13 Oct 2017 19:42:56 GMT

@K-in-Boston wrote:
How long is their manual review process? Like on a scale of Navy/PenFed to JCB/Banco do Brasil Americas?

I was able to call in and find out if I was approved 2 days after apping for my most recent Cash+ card. (The US Bank CSR had specifically advised me during my application over the phone with them to call in after 2 days, upon which I received an automated message mentioning that I was approved.)

Re: US bank prequalified offers solid?

CreditCuriosity — Fri, 13 Oct 2017 20:20:46 GMT

2-4 days usually. unless verification then you might need to be proactive if you ahvent heard anything back in 5 days by automated line.. Had this happen to a few people I know personally

Re: US bank prequalified offers solid?

K-in-Boston — Fri, 13 Oct 2017 20:29:23 GMT

@galahad15 wrote:
@K-in-Boston wrote:
How long is their manual review process? Like on a scale of Navy/PenFed to JCB/Banco do Brasil Americas?
I was able to call in and find out if I was approved 2 days after apping for my most recent Cash+ card. (The US Bank CSR had specifically advised me during my application over the phone with them to call in after 2 days, upon which I received an automated message mentioning that I was approved.)

Thanks for the complete answer; that would test my patience (or lack thereof) but it's not unreasonable at all. Just so accustomed to this age of instant decisions, even though I do remember the days of mailing in applications and waiting weeks. So on my scale, it sounds like they would rate a "Bank of America" or "Discover," who in my experience have generally taken 48-72 hours for manual decisions.

@CreditCuriousity wrote:
2-4 days usually. unless verification then you might need to be proactive if you ahvent heard anything back in 5 days by automated line.. Had this happen to a few people I know personally

Sorry I didn't see your post because I was typing and trying in vain to make my joke work.

Thanks for the answer, also.

Re: US bank prequalified offers solid?

Anonymous — Fri, 13 Oct 2017 20:26:53 GMT

Yes i got the same information from the CSR. i called this morning and he told me he has sent both of my applications for review and i should know the decision in 2 days time.

The automated phone status cannot retrieve my application it seems. so i will wait for them to let me know.

Re: US bank prequalified offers solid?

irunfromcredit — Fri, 13 Oct 2017 20:38:33 GMT

@Anonymous wrote:
Yes i got the same information from the CSR. i called this morning and he told me he has sent both of my applications for review and i should know the decision in 2 days time.
The automated phone status cannot retrieve my application it seems. so i will wait for them to let me know.

When I applied for one of my cards, the automated phone status line could not retrieve my application as well. I called and they said they needed to verify my identity and then passed it on for final review. I called the automated phone status the next day and still got the same message that they could not retrieve my app. I called back to speak to someone and they said that my app was approved. So I would wait a day or so and call back and speak to someone to get status update. I had applied for two cards as well, and the turnaround time was pretty quick about 36-48 hours. Good luck!

Re: US bank prequalified offers solid?

Anonymous — Fri, 20 Oct 2017 07:40:33 GMT

@Anonymous wrote:
@Anonymous wrote:
I can't speak as to how reliable their prequals are, but I too opened a checking account for the $200 bonus and apllied for the Cash+ about a month ago. I was approved for a 5k SL with an Experian of around 735, but didn't have a prequal (I'm under 21.) You can see what categories are available here https://cashplus.usbank.com/categories/index?quarterId=44. I hear that US bank likes doing business with people who are already there customers. So, if the categories fit your spending habits I would go for it.
Can you explain your approval process ? Thanks . I applied for cash + and the system said they will let me know in 7 to 10 business days. And their automated phone cannot locate my application when i type my ssn. It says we cannot retrieve or something like that. Weird. I guess i will call after some time. Was yours an instant approval? If approved i am planning to switch my checking to gold so that i dont have to do dds to avoid fees

Sorry for the late reply. They manually reviewed my application too when I had applied. I applied on a Monday evening and I called in the next day and found out that I was approved. I too switched my checking account to avoid the fees, but I opted for the for the no fee student checking instead.

Re: US bank prequalified offers solid?

Anonymous — Tue, 07 Nov 2017 14:54:11 GMT

Here is my experience with the link and that Bank:

1. Customer service just blows my mind, seems like everyone i talk to is having a bad day

2. Doesn't matter what time of the day i call, it's always a 15 minute wait to talk to someone

2. Filled out the pre-qual boxes and got three CCs with a set APR. I picked up the Cash+ with a $100 bonus after spending $500 in 90 days. I started to meet the spending and decided to call and make sure the offer was in my account. Well, to my surprise, it wasn't. They told me to send in screen shots (which i did) and still a no. Complaint with CFPB and they said that offer is for targeted audience...ok, so why is it on the website for everyone to apply?

Really bad bank, i think they leave that offer up there for people to join so US Bank makes money on new accounts, then they deny the offers hoping the customer will forget about it and stay. It's not even about the $100 anymore, but the principle. I don't like it when Banks (or anyone for that matter) takes advantage of people or lies about things. I will be closing my accounts with US Bank as soon as my $29 payment clears.