topic Re: New US Bank Cash+ and Altitude Go Secured CCs in Credit Cards

New US Bank Cash+ and Altitude Go Secured CCs

GatorCowboyLion — Tue, 12 Oct 2021 13:54:07 GMT

These are the identical rewards structures to the unsecured versions, except no SUB. Would be VERY interested to see what the underwriting on these cards is especially if 1/12 or 0/6 is enforced, if anyone has any DPs, please post them. Since US Bank does graduate their secured cards, presumably these could graduate to the unsecured versions. These really give Discover a run for their money for the best secured cards on the market. Imo Navy nrewards is close behind with 1% and cell coverage. I wish these had been out when I started rebuilding my credit. It's really nice to see an institution like US Bank extending great rewards programs to people who are working towards improving themselves.

Cash+

https://www.usbank.com/credit-cards/cash-plus-secured-visa-credit-card.html

Altitude Go

https://www.usbank.com/credit-cards/altitude-go-secured-visa-credit-card.html

Re: New US Bank Cash+ and Altitude Go Secured CCs

Brian_Earl_Spilner — Tue, 12 Oct 2021 14:20:53 GMT

If only they had this when I started rebuilding

Re: New US Bank Cash+ and Altitude Go Secured CCs

NRB525 — Tue, 12 Oct 2021 16:10:30 GMT

Yes, these are fabulous secured card options. Set your limit, up to $5k, earn strong rewards.

Re: New US Bank Cash+ and Altitude Go Secured CCs

spiritcraft1 — Tue, 12 Oct 2021 16:22:20 GMT

That is excellent. No need now but this is excellent for those in need.

U.S. Bank announces two new secured cards: Build your credit and earn rewards too

gdale6 — Tue, 12 Oct 2021 17:15:50 GMT

U.S. Bank launched two secured credit cards, giving subprime consumers the chance to build their credit.

https://www.cnbc.com/select/us-bank-announces-altitude-go-cash-plus-secured/

Re: U.S. Bank announces two new secured cards: Build your credit and earn rewards too

FireMedic1 — Tue, 12 Oct 2021 19:25:37 GMT

Nice find. Those cards have some great rewards. And they graduate. The competiton has started.

Re: U.S. Bank announces two new secured cards: Build your credit and earn rewards too

razzy116 — Thu, 14 Oct 2021 00:55:14 GMT

What credit score do i need to get the cards? Thank you

Re: New US Bank Cash+ and Altitude Go Secured CCs

kr43002 — Thu, 14 Oct 2021 21:36:27 GMT

They approved me and I just got the card in my Dashboard.

Scores are around low 600-620

Util is low.

ALOT of new accounts.

I am going to guess the 1/12 0/6 rule is not enforced with these.

I got the Secured Cash+ Card.

I actually made a post about this in the BK forum, was quite excited about getting a 5% cash back card so soon out of BK.

Re: New US Bank Cash+ and Altitude Go Secured CCs

kr43002 — Thu, 14 Oct 2021 21:55:31 GMT

So I did call US Bank and this is all the information I know about it:

It can graduate upon request, the agent on the phone said I should try and call in around 6 months to request it. They did not say anything about auto graduation, but I've read it can take some time.

You can increase your CL by increasing your Deposit, just have to call in and they will do underwriting for it. Assuming Another Hard Pull, as that is what someone else was saying on my post in another thread.

Credit Lines ranges from $300 -> $5000, with $100 Increments.

They are Bankruptcy Friendly.

Other things to note:

It did not take long to get on the phone with a rep (around 2 minutes going from start of call through the dialer process).

30 minutes after applying, I called in and asked if I was auto denied, and to my suprise I was "Recomended for Approval; Pending Funding from source". They took the funds 3 days after the application, then around 8 days (5 business) I recieved an email stating I was approved. The account also popped up in my US Bank app dashboard with that email.

Re: New US Bank Cash+ and Altitude Go Secured CCs

calyx — Fri, 15 Oct 2021 12:17:44 GMT

@Brian_Earl_Spilner wrote:
If only they had this when I started rebuilding

You and me both!

Re: New US Bank Cash+ and Altitude Go Secured CCs

calyx — Fri, 15 Oct 2021 12:20:09 GMT

@kr43002 wrote:
So I did call US Bank and this is all the information I know about it:

It can graduate upon request, the agent on the phone said I should try and call in around 6 months to request it. They did not say anything about auto graduation, but I've read it can take some time.

You can increase your CL by increasing your Deposit, just have to call in and they will do underwriting for it. Assuming Another Hard Pull, as that is what someone else was saying on my post in another thread.

Credit Lines ranges from $300 -> $5000, with $100 Increments.

They are Bankruptcy Friendly.

Other things to note:
It did not take long to get on the phone with a rep (around 2 minutes going from start of call through the dialer process).
30 minutes after applying, I called in and asked if I was auto denied, and to my suprise I was "Recomended for Approval; Pending Funding from source". They took the funds 3 days after the application, then around 8 days (5 business) I recieved an email stating I was approved. The account also popped up in my US Bank app dashboard with that email.

Thanks for the info @kr43002

I would assume (dangerous, I know) that it follows the trend of their regular plat secured - When I increased the deposit, definite HP. When I asked for graduation (not automatic), another HP. It's USB, HPs are kind of expected, so I don't think it's a big deal (I'm also in the very unpopular opinion camp that HPs for CLIs are totally reasonable).

Re: New US Bank Cash+ and Altitude Go Secured CCs

Brian_Earl_Spilner — Fri, 15 Oct 2021 13:07:38 GMT

@kr43002 wrote:
They approved me and I just got the card in my Dashboard.
Scores are around low 600-620

Util is low.
ALOT of new accounts.
I am going to guess the 1/12 0/6 rule is not enforced with these.
I got the Secured Cash+ Card.
I actually made a post about this in the BK forum, was quite excited about getting a 5% cash back card so soon out of BK.

If it truly bypasses their normal 1/12 rule, this could be a nice workaround to get in with them sooner if someone is willing to take an HP at opening and another 6 months later for graduation.

Re: New US Bank Cash+ and Altitude Go Secured CCs

kr43002 — Fri, 15 Oct 2021 13:50:18 GMT

Considering I was discharged less than 6 months ago, every account on my signature is within that time frame.

And I have the approval letter here

I would say its safe to say the normal lending requirements for US Bank is not in effect for these cards. However the graduation portion of this require time to tell

Re: New US Bank Cash+ and Altitude Go Secured CCs

morethan20yaks — Sat, 16 Oct 2021 15:39:02 GMT

@kr43002 wrote:
Considering I was discharged less than 6 months ago, every account on my signature is within that time frame.

Very cool. I'm in a similar boat (no BK, but many new accounts with 8 months history only) and this may be my 'in' with US Bank.

Thank you for sharing. Look forward to a graduation update

Re: U.S. Bank announces two new secured cards: Build your credit and earn rewards too

GrandBay — Tue, 19 Oct 2021 17:35:55 GMT

@razzy116

how many INQs do you have?

Re: New US Bank Cash+ and Altitude Go Secured CCs

GrandBay — Tue, 19 Oct 2021 17:42:32 GMT

when did you get the HP @kr43002

was it immediate?

did you pre-qual?

Re: New US Bank Cash+ and Altitude Go Secured CCs

Jordan23ww — Tue, 19 Oct 2021 17:56:00 GMT

@kr43002 wrote:
They approved me and I just got the card in my Dashboard.
Scores are around low 600-620

Util is low.
ALOT of new accounts.
I am going to guess the 1/12 0/6 rule is not enforced with these.
I got the Secured Cash+ Card.
I actually made a post about this in the BK forum, was quite excited about getting a 5% cash back card so soon out of BK.

@kr43002 Congratulations on your approval and thank you for all the data points! These sound like great options!

Re: New US Bank Cash+ and Altitude Go Secured CCs

kr43002 — Tue, 19 Oct 2021 19:10:51 GMT

@GrandBay wrote:
when did you get the HP @kr43002
was it immediate?
did you pre-qual?

When I applied, I did not see an option for Pre-Qual.

It was not immediate, I got a pop up stating they will let me know in 3-5 business days. 3 days later they took my depsit, 5 days after that I got an email saying I was approved.

I called in 30 minutes after applying and they said it was recomended for approval, pending deposit.

Re: New US Bank Cash+ and Altitude Go Secured CCs

Anonymous — Fri, 22 Oct 2021 22:58:08 GMT

Is the card made of metal?

Re: New US Bank Cash+ and Altitude Go Secured CCs

FinStar — Sat, 23 Oct 2021 20:22:05 GMT

@Anonymous wrote:
Is the card made of metal?

@Anonymous- for reference, please check this thread:

https://ficoforums.myfico.com/t5/SmorgasBoard/U-S-Bank-Altitude-Go-Visa-Signature-Card/td-p/6418673