topic Re: Why do you like the US Bank Cash+? in Credit Cards

Why do you like the US Bank Cash+?

Wavester64 — Tue, 03 Mar 2020 22:32:24 GMT

...or why do you dislike it?

I was planning on waiting at least a year to be under 5/24 to shoot for a CHASE card, but now
am seeing a lot of positive stuff about the US Bank Cash+ card? Very interested in the 5%
categories and how they work.

So if you have the card, let's hear how you like it

Re: Why do you like the US Bank Cash+?

coreysw12 — Tue, 03 Mar 2020 23:01:13 GMT

I don't like it because they won't give me one

Seriously though... the things I like about it are:

The $2,000/quarter cap (Freedom and Disco It cap at $1,500/quarter)
You can hand-pick categories that don't conflict with your other rotating-category cards
You can apparently have more than 1 of them, allowing for higher spending caps and more categories

Re: Why do you like the US Bank Cash+?

Anonymous — Tue, 03 Mar 2020 23:16:28 GMT

This is a goal card for me. I don't like that I would have to use two 5% categories (TV, internet, and streaming services as well as cell phone providers) to cover what the utilities category covers on my ClearPoints at 3% but I would still earn more than I do on my ClearPoints and it would allow me to assign my 3% on ClearPoints to something else.

Re: Why do you like the US Bank Cash+?

AverageJoesCredit — Tue, 03 Mar 2020 23:20:57 GMT

Anytime you can get cash plus something is a win

Re: Why do you like the US Bank Cash+?

Wavester64 — Tue, 03 Mar 2020 23:31:09 GMT

Does US Bank Cash+ come with any rules before I consider applying? (5/24, 2/90, etc)

Re: Why do you like the US Bank Cash+?

Gmood1 — Tue, 03 Mar 2020 23:39:35 GMT

Mainly they look at the number of new accounts OP.

Once you're in and have shown payment history.

New accounts aren't a major factor either.

The Cash plus is a terrific CC to have in the stable!

It was my first US bank CC. Added 3 more US bank tradelines in the year after. Going after #5 now.

They can be a tough nut to crack for some of us. But once cracked..game on!!😁

Re: Why do you like the US Bank Cash+?

M_Smart007 — Tue, 03 Mar 2020 23:39:50 GMT

@Wavester64 wrote:
Does US Bank Cash+ come with any rules before I consider applying? (5/24, 2/90, etc)

They do not like recent inquiries/new accounts in the last 6-12 months.

They are VERY sensitive to that.

Other than that great card, I have it. Pays .. Direct TV, Cellphone and Spotify premium,

once and a while fast food.

Re: Why do you like the US Bank Cash+?

coreysw12 — Tue, 03 Mar 2020 23:39:55 GMT

@Wavester64 wrote:
Does US Bank Cash+ come with any rules before I consider applying? (5/24, 2/90, etc)

Not that I know of, but I've heard they have pretty tight credit requirements compared to most banks. As in, you need to have good credit, not too many recent accounts, and I think I've heard they're very sensitive about too many inquiries.

Re: Why do you like the US Bank Cash+?

Wavester64 — Tue, 03 Mar 2020 23:40:35 GMT

@Gmood1 wrote:
Mainly they look at the number of new accounts OP.
Once you're in and have shown payment history.
New accounts aren't a major factor either.

The Cash plus is a terrific CC to have in the stable!
It was my first US bank CC. Added 3 more US bank tradelines in the year after. Going after #5 now.

They can be a tough nut to crack for some of us. But once cracked..game on!!😁

Do you know if they pull from TU?

Re: Why do you like the US Bank Cash+?

M_Smart007 — Tue, 03 Mar 2020 23:42:22 GMT

They Normally pull TU .. Unless you are in a strange state.

Re: Why do you like the US Bank Cash+?

Wavester64 — Tue, 03 Mar 2020 23:43:48 GMT

@coreysw12 wrote:
@Wavester64 wrote:
Does US Bank Cash+ come with any rules before I consider applying? (5/24, 2/90, etc)
Not that I know of, but I've heard they have pretty tight credit requirements compared to most banks. As in, you need to have good credit, not too many recent accounts, and I think I've heard they're very sensitive about too many inquiries.

Eek. How's 3 INQs in the last 6 months? (don't want to go too far back and bloat that # lol)

Re: Why do you like the US Bank Cash+?

Gmood1 — Tue, 03 Mar 2020 23:44:07 GMT

Oh yes for sure they do.

I have 6 TU inquiries with their name on them right now.😂

Re: Why do you like the US Bank Cash+?

Gmood1 — Tue, 03 Mar 2020 23:47:20 GMT

@Wavester64 wrote:
@coreysw12 wrote:
@Wavester64 wrote:
Does US Bank Cash+ come with any rules before I consider applying? (5/24, 2/90, etc)
Not that I know of, but I've heard they have pretty tight credit requirements compared to most banks. As in, you need to have good credit, not too many recent accounts, and I think I've heard they're very sensitive about too many inquiries.
Eek. How's 3 INQs in the last 6 months? (don't want to go too far back and bloat that # lol)

The inqs isn't a major factor. It's new accounts.

UW specifically told me that a couple of years ago.

They weren't concerned with my total credit limits as a whole.

Re: Why do you like the US Bank Cash+?

wasCB14 — Wed, 04 Mar 2020 00:04:28 GMT

It was a goal card a few years ago but I never applied. By the time I was confident my history was sufficient to get one, I had lost interest as a travel SUB chaser.

A $150 SUB is better than I realized. A few things hold me back, though:

My recurring spend is too low (internet, streaming, cell, utility) to merit a special card. My variable spend is too unpredictable (department stores and clothing...I use my ShopRunner, portals, and cards to run some transactions for family) and some of that gets steered to Amex for the Saks credit or other promotions.

With BofA WWF Cash Rewards and PH, I could get 5.25% and use any wasted part of the cap towards Costco spend. So that's a more likely app for me in the near future.

If I did eventually go for an Altitude Reserve, is having Cash+ for a year sufficient history? Or they want checking/savings/investments?

Re: Why do you like the US Bank Cash+?

wasCB14 — Wed, 04 Mar 2020 00:06:25 GMT

And how many new accounts in the last 6/12/24 months is too many for a baddie-free profile? Are we talking like 1, 4, or 8 in the last year?

Re: Why do you like the US Bank Cash+?

Wavester64 — Wed, 04 Mar 2020 00:10:20 GMT

@Gmood1 wrote:
@Wavester64 wrote:
@coreysw12 wrote:
@Wavester64 wrote:
Does US Bank Cash+ come with any rules before I consider applying? (5/24, 2/90, etc)
Not that I know of, but I've heard they have pretty tight credit requirements compared to most banks. As in, you need to have good credit, not too many recent accounts, and I think I've heard they're very sensitive about too many inquiries.
Eek. How's 3 INQs in the last 6 months? (don't want to go too far back and bloat that # lol)
The inqs isn't a major factor. It's new accounts.
UW specifically told me that a couple of years ago.
They weren't concerned with my total credit limits as a whole.

I am reading they even look into biz account too if you apply via SSN instead of EIN, which would definitely
kill me since I got 2 biz ones in the last few weeks. I hope I am wrong on that.

Re: Why do you like the US Bank Cash+?

Anonymous — Wed, 04 Mar 2020 00:11:30 GMT

@wasCB14 wrote:

If I did eventually go for an Altitude Reserve, is having Cash+ for a year sufficient history? Or they want checking/savings/investments?

A few days is enough history! My daughter got hers within 2 weeks of opening a bank account.

Re: Why do you like the US Bank Cash+?

Remedios — Wed, 04 Mar 2020 00:16:03 GMT

@wasCB14 wrote:
And how many new accounts in the last 6/12/24 months is too many for a baddie-free profile? Are we talking like 1, 4, or 8 in the last year?

One or two, profile dependent.

I had two and had to recon last April

They've tightened UW criteria since even more.

What's worse, they are unwilling to recon denials for new accounts now. Other reasons, yes. New accounts, nope.

Re: Why do you like the US Bank Cash+?

Anonymous — Wed, 04 Mar 2020 00:17:34 GMT

@M_Smart007 wrote:
They Normally pull TU .. Unless you are in a strange state.

I don't remember for the Cash+ specifically, but for the AR they pull one at random. That's what I was told by a CSR. I had unfrozen only TU and it didn't go through. Once I unfroze all of them, they pulled EX. And they also pulled EX for the REI card. This is in MA. Which may meet M_Smart007's definition of a strange state!

Re: Why do you like the US Bank Cash+?

Remedios — Wed, 04 Mar 2020 00:18:39 GMT

@wasCB14 dont get a different card to get AR, they will "count" that one, too.

If you can open checking account, stash $25.00 and wait a few days.

If opening a bank account is not possible, Cash+ is one way in, but again, they count their own cards as new accounts 😐