topic Re: US Bank Cash+ Multiple Cards/Copies in Credit Cards

US Bank Cash+ Multiple Cards/Copies

Taurus22 — Sun, 10 Mar 2019 08:05:58 GMT

So I looked through the forum and couldn't find anything specifically to answer this question.

After reading about people who have multiple's of a specific card, it made me wonder "Why?"

Some people show 3 copies of the Chase Freedom in their sig's as well as multiples of other high-profile cards and I really didn't understand the purpose of having multiples. I didn't even realize this was allowed. Evidently, it must be some churning method or something to that effect, because it would be redundant to have 3 copies of Freedom for the 5% category.....unless, that person really spends A LOT of money on Gas or Restaurants, etc. (which is entirely plausible) and needs more than the quarterly cap.

So I began to think about the US Bank Cash+ card... And wondered if US Bank allows someone to have multiple cards of the Cash+ Rewards? This would certainly open a lot of doors, as it would allow for one to choose several different 5% categories that they could keep static year-round. Just 2 cards would allow for 4 categories.....(3 cards/6 categories would just be self-indugent. lol)

Um.....yes please....

1: Utilities

2: Cell phones

3: Internet/Cable (will be replacing Rental Cars category soon)

4: Fast Food

(5: Electronics Stores)

(6: Movie Theatres)

Does anyone have multiple cards for Cash+ , or does anyone know if US Bank even allows for this? If so, how long do you have to wait to apply for a 2nd card, and does it require that you cap the category every quarter on the 1st card before the bank will even consider allowing it?

Basically, ......how the heck do people do this? What requirements, restrictions, etc?

Re: US Bank Cash+ Multiple Cards/Copies

Anonymous — Sun, 10 Mar 2019 09:50:13 GMT

Some had multiple freedom card from downgrading sapphire cards.

I usually just get my family member to get a second card if I really need it.

I don't have any usb cards, so don't know if they allow, I guess you can always call in and ask.

Re: US Bank Cash+ Multiple Cards/Copies

Taurus22 — Mon, 11 Mar 2019 00:05:04 GMT

Bump.

Hoping there's someone out there who might have some info....

Re: US Bank Cash+ Multiple Cards/Copies

kdm31091 — Mon, 11 Mar 2019 02:37:41 GMT

I can say with pretty good certainty that they wouldn't require you to hit a cap before allowing another card. After all, it's not like they want you to hit the cap. They want you to get as few rewards as possible - less for them to pay out!

I have heard of multiple Cash+ cards. Unsure of specifics on timing, etc but I think you can definitely apply for more than one. I wouldn't do it on the same day or anything like that, but several months apart may work. Just keep in mind US Bank in general is pretty conservative.

Re: US Bank Cash+ Multiple Cards/Copies

Taurus22 — Mon, 11 Mar 2019 03:11:18 GMT

@kdm31091

Yeah I keep hearing about how conservative they are...at this point I'm simply trying to get approved for my first one. But that's another point regarding being approved for a 2nd card down the road (ie: 12 mths).....is it an issue where you would need to lobby with them to provide evidence for the "need" of a 2nd card? Or is it simply a cut-and-dry new application for a new card with no memory of the 1st, as long as there are no negatives or balances due on the 1st one?

Since I didn't realize you could have multiples of any card until now, I'm just wondering about the process and what hoops must be jumped through, timing, length of relationship with a bank, etc. And since it would be a 2nd card with simply an entirely different acct. # , how is it differentiated since it is associated with the same name of that person (reporting, etc.) Those are the kind of questions I'm curious about.

And then of course, any specifics related to US Bank itself.... certainly every bank is different.

Re: US Bank Cash+ Multiple Cards/Copies

DemonHusker — Mon, 11 Mar 2019 03:14:51 GMT

I opened one Cash+ and the US Bank Amex card in Dec 2017. In January 2019 upon seeing that they were adding the 5% category for TV/Internet/streaming I called and asked if I could product change my Amex card(very little use) into a second Cash+ and they allowed it so now I have 5% on Cell Phone/Utilities/TV,Internet streaming/Movie Theatres/Fast food. I think it will be nice as not alot of cards give 5% for these categories

Re: US Bank Cash+ Multiple Cards/Copies

DemonHusker — Mon, 11 Mar 2019 03:17:41 GMT

Sorry not fast food as I will take that off starting in April when the TV category goes into effect, but the point is it is possible

Re: US Bank Cash+ Multiple Cards/Copies

Taurus22 — Mon, 11 Mar 2019 03:26:08 GMT

@Demonhusker

Hmmm, well that begs the question.....were you able to do this only as the result of the PC? Or would it be possible as a straight up new application? Because I would have nothing to PC, (if I get approved in April for the Cash+) ....no other cards with US Bank.

Thanks for that input......at least I know it is allowed through US Bank. And I agree 100%....covering all those categories @5% is sexy as Lexy. That's exactly what I would be wanting to achieve. I'm a little jealous.

Re: US Bank Cash+ Multiple Cards/Copies

dlister70 — Mon, 11 Mar 2019 19:40:56 GMT

I never even considered the possibility of having two Cash+ cards, which is odd, because I have two Discover It cards! I had read about getting the second Discover It card on these forums, and went for it after my first card was a year old so that I could get a second year of double cash back.

Having four 5% categories is even better! I'm very curious if anyone has gotten the second Cash+ card by just applying as opposed to doing a product change, as I have no other US Bank products to PC. I'd actually be willing to app another of their cards just to be able to product change it to a Cash+ later, but I imagine they'd make you wait awhile before letting you do that, and it'd be better if I could just app for it.

Re: US Bank Cash+ Multiple Cards/Copies

galahad15 — Mon, 11 Mar 2019 23:10:52 GMT

I have 2 Cash+ cards. The first one I cold-apped for in 2015 iirc, and was approved on recon with a SL of $500 (have since received a HP-based CLI to $4000). The second Cash+ I received in 2017 after receiving a pre-approval mailer from US Bank, which I apped for, and received instant approval with a SL of $24k. Between both cards, I have 5% categories in fast food, cell phones, cable TV, and utilities. The 5% category for ground transportation is also nice because I believe you can get 5% cash back for taxis, trains, etc., but I since cable TV nets more cashback on a monthly basis than ground transportation, I switched my 5% categories for the upcoming quarter so that I am now using the cable TV category.

Re: US Bank Cash+ Multiple Cards/Copies

Taurus22 — Tue, 12 Mar 2019 01:18:49 GMT

@galahad15

Wow. So they sent you a pre-approved mailer even though you were an existing customer. That 2nd one was an amazing SL too. I'm guessing that might work through online pre-approval as well then. It seems the responses so far have had at least a year between their cards....that seems to be a good gauge. I'll be applying for Cash+ in April, so I'll have to keep my eyes open after about 12 months or so to see if I can get the pre-approval button to work for a 2nd app.

So have you noticed any differences between how the two cards are reported? I would assume they are entirely separate on your credit reports? And I know it seems like an elementary question, but how do you remember which of the 2 cards to use (differentiation) ......simply memorized by the last 4 numbers of each card?

Re: US Bank Cash+ Multiple Cards/Copies

Anonymous — Tue, 12 Mar 2019 03:17:19 GMT

I know a lot of members say that USB is conservative, but that was not my experience at all. I may go for a second Cash+ someday.

Approved @ 5500 SL I never had to reconn a 500SL like most seem too, guess the previous acct helped more than i thought.

DP's

Pulled TU (i've heard they use TU4) so it was 684, but recently dropped to 665.

new accts: 5/6mo, 13/12mo

overall UTI: 10%

Income: low-ish.

Previous US Bank cust: 14 days (savings account) LOL

Rest can be found in siggy.

Re: US Bank Cash+ Multiple Cards/Copies

galahad15 — Sat, 16 Mar 2019 02:07:25 GMT

@Taurus22 wrote:
@galahad15

Wow. So they sent you a pre-approved mailer even though you were an existing customer. That 2nd one was an amazing SL too. I'm guessing that might work through online pre-approval as well then. It seems the responses so far have had at least a year between their cards....that seems to be a good gauge. I'll be applying for Cash+ in April, so I'll have to keep my eyes open after about 12 months or so to see if I can get the pre-approval button to work for a 2nd app.

So have you noticed any differences between how the two cards are reported? I would assume they are entirely separate on your credit reports? And I know it seems like an elementary question, but how do you remember which of the 2 cards to use (differentiation) ......simply memorized by the last 4 numbers of each card?

Hi there Taurus, sorry for the delayed response, was out of town for a few days -- thanks for your post and I would be happy to respond to your questions. Thank you for the kind words about the starting limit of the 2nd card, yes that was somewhat of a nice surprise when it came through lol after apping for it. Yes you are correct it would seem that US Bank likes a year or so between apps. No difference that I can tell in how the cards are reported on my credit reports, since yes they both report as separate cards. That's a great question btw, in terms of being able to differentiate between the cards: I have 2 approaches for distinguishing between the 2 Cash+ cards I have. The first is, as you had brilliantly mentioned lol, by using the last 4 digits of each card. The second way for me in my collection of cards is because the VISA sign for the first Cash+ card I got is all in white letters, whereas my second Cash+ card is in all silver letters (YMMV though of course)

Good luck & wishing you all the very best, if you do decide to go ahead and app in the future!

Re: US Bank Cash+ Multiple Cards/Copies

Taurus22 — Sat, 16 Mar 2019 04:38:26 GMT

@galahad15

Thanks for the feedback on everything! I'm about 3 weeks away from my app spree which will include the Cash+ card, so I'll come back and offer my DP's for the forum. I am quite excited.

Re: US Bank Cash+ Multiple Cards/Copies

JustBPatient — Sat, 16 Mar 2019 16:35:25 GMT

I will also respond as I have 2 Cash+ cards. The first one started as a Platinum card, I did a PC on it about 12 months in. I then received a email preapproval after about 3 months of the conversion inviting me to apply so I did and was approved. With the added 5% categories recently it looks like a pretty good 1, 2 punch. Good luck!

Re: US Bank Cash+ Multiple Cards/Copies

creditfan — Sun, 17 Mar 2019 00:17:21 GMT

I got the 2nd card approved after 3 years I own the 1st one, also via pre approval letter SUB$150 and 18 months 0% apr

Re: US Bank Cash+ Multiple Cards/Copies

minski — Sun, 17 Mar 2019 16:27:22 GMT

My first was a cold app for the Cash+ card. At the time, if they felt you weren't qualified for the Cash+ they would instead give you the Cash Rewards card. That's what they did with me for $1500 SL and 24.24% APR. My FICO scores were all 760s or above with no derogatories. I was doing a same day 4-card app spree at the time, though, and I had 2 new accounts in the past 6 months prior.

3 months later, I asked to PC to the Cash+ which they granted. I have had 2 auto CLI since: 1 10 months after the card opened ($500 increase) and another more recently (don't know when since I sock-drawered the card with plans on letting it auto-close; I believe also $500 increase).

1 year 3 months later I got a preapproval "mailer" for 0% APR for (I think) 15 months, $150 SUB for $xxx spend for Cash+ with set APR. I applied and was instantly approved for SL $14,000 and 15.99% APR. Scores mostly unchanged since I have a decently thick file so all of my recent apps don't make too much of a dent in the scores. I had gotten two new accounts that same year and I also app'ed for another card the same day. In terms of 5/24, I was 12/24 or 6/12 or 2/6 at the time.

Re: US Bank Cash+ Multiple Cards/Copies

EJMiv — Sat, 06 Apr 2019 16:07:20 GMT

Some great tips to keep in mind whenever dealing with US Bank:

https://www.doctorofcredit.com/things-everybody-should-know-about-us-bank-credit-cards/

Re: US Bank Cash+ Multiple Cards/Copies

Anonymous — Sun, 07 Apr 2019 01:05:36 GMT

hmm this is good to know i wasnt aware US Bank allowed PCs? I already have the Cash+ but i was looking into maybe getting the Platinum later on this year for a BT. Good to know that I can PC to another Cash+ after the BT is paid off.

Re: US Bank Cash+ Multiple Cards/Copies

Kforce — Sun, 07 Apr 2019 01:51:29 GMT

If married, spouse could get a card. (This is what I would be doing if I needed another)

I pre-pay gym membership and cell phone service 1st quarter. (Real close to cap)

2nd, 3rd, and 4th Quarters Utilities and TV - Internet.

Each quarter I pre-pay to just hit quarterly cap.

For me this leaves last quarter with room to pre-pay next years spend in December.

December pre-pay Utilities / TV - Internet for Q1.

Start over next year again with Phone / Gym.

If you have even less spend you could pre-pay each quarter for a year and cover 6 - 8 categories with one card. Need more cards if you have high spend. Calculate your spend in different categories and see if changing categories with one card works

I have one card and over the years have always managed to take advantage of 4 categories.