topic Re: Feeling the US Bank luv in Credit Cards

Feeling the US Bank luv

Anonymous — Mon, 02 Mar 2009 04:15:05 GMT

Who says the CCC's are tightening their belts? USbank informed me via mail that they would be raising my APR to 9.99 - but today I check my latest statement online and not only did the APR stay at 7.99, but they also gave me a 2K auto-CLI. I love USBank.

-BTW, just kidding about the belt-tightening. I just hope my other CCCs don't see the CLI and decide I have too much capacity for debt...

Re: Feeling the US Bank luv

Anonymous — Mon, 02 Mar 2009 04:56:59 GMT

@Anonymous wrote:
Who says the CCC's are tightening their belts? USbank informed me via mail that they would be raising my APR to 9.99 - but today I check my latest statement online and not only did the APR stay at 7.99, but they also gave me a 2K auto-CLI. I love USBank.

-BTW, just kidding about the belt-tightening. I just hope my other CCCs don't see the CLI and decide I have too much capacity for debt...

They are pretty sweet and if you follow the threads we have dedicated to US Bank discussions, you will see they treat people well and are pretty easy to love.

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 21:57:23 GMT

I just got the letter in the mail today informing me of the CLI, and I noticed something that struck me as interesting. They said,

"We noticed that you have not made a purchase since January 23, 2009. We believe you have selected one of the best credit card options available today and hope this addition to your credit limit shows our appreciation for your business."

If it's true that my not spending with them had something to do with the auto-CLI, then wow - what a stark contrast between USBank's current maneuvers vs. AmEx's treatment of customers. Has anyone else had auto-CLI on any cards and gotten any messages like this?

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 22:07:50 GMT

Is US Bank inquiry sensitive?

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 22:17:21 GMT

@Anonymous wrote:
Is US Bank inquiry sensitive?

What do you mean, I am sorry that I don't understand that, can you clarify please? Thanks.

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 22:19:40 GMT

@Anonymous wrote:
I just got the letter in the mail today informing me of the CLI, and I noticed something that struck me as interesting. They said,

"We noticed that you have not made a purchase since January 23, 2009. We believe you have selected one of the best credit card options available today and hope this addition to your credit limit shows our appreciation for your business."

If it's true that my not spending with them had something to do with the auto-CLI, then wow - what a stark contrast between USBank's current maneuvers vs. AmEx's treatment of customers. Has anyone else had auto-CLI on any cards and gotten any messages like this?

Well they reward responsible usage and by giving the CLI for not excessive using, they are saying we trust that you will be responsible with the extra credit but want you to have it in case there's an emergency and you need it. This is being fiscally responsible and ethically treating loyalty. Good for them and that's why they are listed on the government report as a hidden gem.

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 22:19:50 GMT

Sure, do they deny consumers for having too many inquiries?

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 22:37:28 GMT

@Anonymous wrote:
Sure, do they deny consumers for having too many inquiries?

Generally not just for that but keep in mind they are very conservative and cautious. Their decisions are made with great consideration and intended to ensure the safety and security of both sides, you and them. So if you get credit with them, they will be good to you and you will love it. If they don't give it to you, they are nice and gracious about it, not usualy doing it to be a jerk. Does that help? They like to see stability and feel confident you are not going to burn them and yourself down the line. We have a few US Bank threads where we have discussed them thoroughly, that might help clear things up a bit more. Let me know if you need the links, I am on all of them.

Re: Feeling the US Bank luv

MidnightVoice — Thu, 05 Mar 2009 22:48:19 GMT

@Anonymous wrote:
.......keep in mind they are very conservative and cautious. Their decisions are made with great consideration and intended to ensure the safety and security of both sides, you and them.

You are telling me! With a 788 and a prefectly clean report and 2% util and 1 over 9 month old inq the banker I talked to said it had to go to an underwriter to be checked! She was amazed

But I got it within an hour.

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 23:10:35 GMT

Guardian, thanks for the response. My credit history will be 2 years old in May and my overall utilization is 15% and I don't have any lates or baddies. But, I have a lot of inquiries (20+) and that's the reason why I asked if they're inquiry sensitive. I'm in Souther California, who do they usually pull out here? My TU FICO is about 710.

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 23:22:24 GMT

@MidnightVoice wrote:
@Anonymous wrote:
.......keep in mind they are very conservative and cautious. Their decisions are made with great consideration and intended to ensure the safety and security of both sides, you and them.

You are telling me! With a 788 and a prefectly clean report and 2% util and 1 over 9 month old inq the banker I talked to said it had to go to an underwriter to be checked! She was amazed

But I got it within an hour.

Yeah they approached you more conservatively than usual, it was suprising but in the end it worked out. Within an hour they gave you the card. Nothing personal, right?

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 23:24:03 GMT

@Anonymous wrote:
Guardian, thanks for the response. My credit history will be 2 years old in May and my overall utilization is 15% and I don't have any lates or baddies. But, I have a lot of inquiries (20+) and that's the reason why I asked if they're inquiry sensitive. I'm in Souther California, who do they usually pull out here? My TU FICO is about 710.

Well that is not by itself a bad looking credit. They might look a bit more cautiously at you but all in perspective, I think you will be fine. I am in SoCal too and they are in the Midwest, Minneapolis, Minnesota, so more likely to pull your EQ or TU and maybe even both or all 3 if they feel they need a bigger picture. But with no baddies, I think you will be fine. Good luck.

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 23:34:13 GMT

I hadn't applied for a card since September 2007 and now I fell off the wagon. The only reason why I applied for this card is because I needed a back-up. I currently have the following cards:

BOA WorldPoints Visa ($4500 CL)

Capital One Platinum Mastercard ($4550 CL)

ESPN Visa ($2,000 CL)

Citi Secured Mastercard ($200 CL)

Best Buy Store Card ($2,300 CL)

Macy's Store Card ($4,800 CL)

Guitar Center Store Card ($2,000 CL)

Lowe's ($550)

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 23:37:41 GMT

@Anonymous wrote:
I hadn't applied for a card since September 2007 and now I fell off the wagon. The only reason why I applied for this card is because I needed a back-up. I currently have the following cards:

BOA WorldPoints Visa ($4500 CL)
Capital One Platinum Mastercard ($4550 CL)
ESPN Visa ($2,000 CL)
Citi Secured Mastercard ($200 CL)
Best Buy Store Card ($2,300 CL)
Macy's Store Card ($4,800 CL)
Guitar Center Store Card ($2,000 CL)
Lowe's ($550)

Your BofA is good, even though personally I don't like their credit cards, limit is good too. Capital One, well what can I say not the greatest but you seem to have a decent credit line and I assume no AF, so you are good there. ESPN, I am not sure but I think that's a Chase card, personally not my favorite creditor but some like them, some hate them, depends on how you feel about them. Citi, same. Best Buy, is an HSBC, so that is iffy. Macy's is ok, and other store cards help your mix but don't good overboard. It looks pretty decent, but don't over extend, you might end up hurting yourself with TOO much credit. IMHO.

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 23:43:07 GMT

The reason why I was trying not to apply for any cards until 2011 is because I really want to get approved for the PenFed Platinum Cash Rewards Visa. I'm already a member and applied for the card in December and was denied due to "pyramiding debt". I called for a recon. and told them that they can pull my EX report and see that I have paid some of my debt but they still denied me.

Re: Feeling the US Bank luv

haulingthescoreup — Thu, 05 Mar 2009 23:43:07 GMT

YoungE, I'd let the steam come off your inqs first. With your very young credit history, I'm thinking that you're going to look app-happy to them. Remember that lenders don't know if you're just sensibly building a credit portfolio or in some mad rush to accumulate a bunch of cards before you get a pink slip.

Maybe 7 months after your last inq?

Re: Feeling the US Bank luv

haulingthescoreup — Thu, 05 Mar 2009 23:44:59 GMT

YoungEntrepeneur wrote:
The reason why I was trying not to apply for any cards until 2011 is because I really want to get approved for the PenFed Platinum Cash Rewards Visa. I'm already a member and applied for the card in December and was denied due to "pyramiding debt". I called for a recon. and told them that they can pull my EX report and see that I have paid some of my debt but they still denied me.

When PenFed says "pyramiding debt", they should be saying "pyramiding credit" --they worry when they see a rapid expansion of your available credit.

Around here, you might see references to "being an Egyptian" --that means the rapid acquisition of a whole lotta credit in a relatively short time.

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 23:47:38 GMT

@Anonymous wrote:
The reason why I was trying not to apply for any cards until 2011 is because I really want to get approved for the PenFed Platinum Cash Rewards Visa. I'm already a member and applied for the card in December and was denied due to "pyramiding debt". I called for a recon. and told them that they can pull my EX report and see that I have paid some of my debt but they still denied me.

Agreed friend, let the inquiries age a bit and no longer be such a factor being taking on any more hits. JMO

Re: Feeling the US Bank luv

Anonymous — Thu, 05 Mar 2009 23:49:51 GMT

I've been looking into what US Bank has to offer and have heard nothing but great things about to them and I really needed a good back-up card so I applied and let's see what happens.

Re: Feeling the US Bank luv

Anonymous — Fri, 06 Mar 2009 00:03:25 GMT

@Anonymous wrote:
I've been looking into what US Bank has to offer and have heard nothing but great things about to them and I really needed a good back-up card so I applied and let's see what happens.

Ok, you pulled the trigger, now let's see how it turns out. I hope for the best and wish you luck to get that good backup you need. Let us know how it goes. Good luck.