topic Re: USBank Prequalify in Credit Cards

USBank Prequalify

dynamicvb — Sun, 13 Oct 2019 21:04:43 GMT

Does anyone know if US Bank still has a pre-qual site? I could not find it but saw references to them no longer having one. So, for those of you approved for the Cash+ Card, what were your scores? I may try and pick this one up, but not sure what they expect for a decent limit.

Re: USBank Prequalify

CreditCuriosity — Sun, 13 Oct 2019 21:23:08 GMT

pre-qual site for us bank has been gone for close to a half year. Us Bank is very conservative these days anything over 2-3 cards a year obtained and most likely it will be a denial. The have tightened up within the last 6 months to a point of silly imo, but it is what it is.

Re: USBank Prequalify

Gmood1 — Sun, 13 Oct 2019 21:45:09 GMT

Looking at your scores in the signature, you should be fine.
As CC stated, they are kinda of quirky.
I've opened four trade lines with them this year. Most recently, several weeks ago.
They gave me a $600 CL.😂
Took another HP last week for a CLI.
That CC went from $600 to $5000.
I love the Cash + card!
It was my first CC with them earlier this year.
My hangups with US bank are the low SLs ( in my case) and the slow processing times.
Oh and they normally pull TU Fico 9 for credit apps.
Good luck with the app!

Re: USBank Prequalify

chhull00 — Sun, 13 Oct 2019 21:50:29 GMT

@Gmood1 wrote:
Looking at your scores in the signature, you should be fine.
As CC stated, they are kinda of quirky.
I've opened four trade lines with them this year. Most recently, several weeks ago.
They gave me a $600 CL.😂
Took another HP last week for a CLI.
That CC went from $600 to $5000.
I love the Cash + card!
It was my first CC with them earlier this year.
My hangups with US bank are the low SLs ( in my case) and the slow processing times.

Good luck with the app! Yes they are, but it is a fantastic cc, i use it all the time and they reward me for that, when i applied my scores were in 710 range and they gave me 500 .00, but now year and half later 2 cards both @ 8k, , so good luck whatever you decide

Re: USBank Prequalify

JR_TX — Sun, 13 Oct 2019 22:00:56 GMT

I think you’re good to go with them so long as you don’t have more than 2 new accts within the last 12 months.
I also like the Cash+! Just actually got a $6K CLI last month from them to $15K albeit a HP but knew that goin in.
Good Luck!

Re: USBank Prequalify

dynamicvb — Sun, 13 Oct 2019 23:07:54 GMT

@JR_TX wrote:
I think you’re good to go with them so long as you don’t have more than 2 new accts within the last 12 months.
I also like the Cash+! Just actually got a $6K CLI last month from them to $15K albeit a HP but knew that goin in.
Good Luck!

I do have 2 in the last year. One card and one auto loan. The youngest of these is 6 months and the oldest 8. This would be a good card for my arsenal, if I did get a fairly low SL, I could always just pay it off multiple times. I'm looking mainly for that 5% CB on your choice of categories. Does anyone know which CRAs they pull?

Re: USBank Prequalify

Anonymous — Sun, 13 Oct 2019 23:29:06 GMT

Gmood1 said earlier in the thread “Oh and they normally pull TU Fico 9 for credit apps”

Good luck if you decide to app soon. I am also wanting to get in with US Bank

Re: USBank Prequalify

icednightpaper — Mon, 14 Oct 2019 04:19:18 GMT

I was lucky enough to get the Cash+ in 2017 with a ~700 TU and $5k starting limit. It seems like they wouldn't take my now ~730 TU with how much tighter they've made things.

My last denial from US Bank was due to inquiries (10 at the time), so perhaps time is a key factor here?

Re: USBank Prequalify

Anonymous — Mon, 14 Oct 2019 22:56:03 GMT

I applied for the cash+ with a thin credit file. No previous history with them. Scores were around 720-760's across and got approved for $5k. This was a few months ago.

wasn't an instant approval. Took about a week. Hope this helps

Re: USBank Prequalify

Anonymous — Tue, 15 Oct 2019 02:12:18 GMT

@Anonymous wrote:
I applied for the cash+ with a thin credit file. No previous history with them. Scores were around 720-760's across and got approved for $5k. This was a few months ago.

wasn't an instant approval. Took about a week. Hope this helps

what did your file look like when you apped? how many cards and accts did you have already and how old were they? did you have an existing bank acct with us bank?

Re: USBank Prequalify

ChargedUp — Tue, 15 Oct 2019 03:43:30 GMT

Your scores are in a place that you should be able to get any card you want as long as inquiries are under control.

One thing also to keep in mind is USBank pulls LexisNexus and/or Sagestream on top of TU. It's been recommended to freeze these before app'ing for USBank, but once again, with your scores I don't see any issues.

Re: USBank Prequalify

Anonymous — Tue, 15 Oct 2019 03:47:28 GMT

@ChargedUp wrote:
Your scores are in a place that you should be able to get any card you want as long as inquiries are under control.

One thing also to keep in mind is USBank pulls LexisNexus and/or Sagestream on top of TU. It's been recommended to freeze these before app'ing for USBank, but once again, with your scores I don't see any issues.

i think the current advice is not to freeze the lexis and sagestream, because now they are doing automatic denials if you do that.

Re: USBank Prequalify

Anonymous — Tue, 15 Oct 2019 03:49:29 GMT

@Anonymous wrote:
@Anonymous wrote:
I applied for the cash+ with a thin credit file. No previous history with them. Scores were around 720-760's across and got approved for $5k. This was a few months ago.

wasn't an instant approval. Took about a week. Hope this helps
what did your file look like when you apped? how many cards and accts did you have already and how old were they? did you have an existing bank acct with us bank?

I had just cleared up the derog I had.

I had car loan that was 2 years and 6 months old. I paid it for 6-7 months then paid off the truck since I hated the bank it was with.

I had a cap one card with a $600 limit that was just under 2 years old.

I also was an AU on a chase card that was a little over 5 years old with a $10k limit.

this was all I had on my credit file when I applied. I got a few other cards at the same time but they weren't reporting yet. And I had I believe 4 or 5 inquiries at the time. The others were from the other cards I got. And as stated I didn't have any previous relationship with USB prior. After they did approve me I have since opened a checking account with them since it's free if you have a credit card and makes it easy to pay the bill.

Re: USBank Prequalify

Remedios — Tue, 15 Oct 2019 16:55:24 GMT

Do not freeze any ancillary reports if you want to get approved
More than two new accounts in the last year, wait till you're below, because that's where it gets iffy.
Good luck