topic Re: US Bank Relationship Question in Credit Cards

US Bank Relationship Question

Beast26 — Mon, 04 Mar 2024 20:26:43 GMT

I have a US Bank Cash+ credit card that I've had for almost a year now and I have no missed payments on any of my cards. Credit score is around 770s and no derogs. I'm looking to get the Altitude Connect credit card. I don't have a US Bank checking or savings account just the credit card. Will having my current US Bank card be as good of a relationship with them as having a bank account? I ask because I've seen dps of people getting approved while being 3/12 new credit cards that had a checking account with US Bank.

Re: US Bank Relationship Question

cws-21 — Mon, 04 Mar 2024 21:41:00 GMT

@Beast26 wrote:
I have a US Bank Cash+ credit card that I've had for almost a year now and I have no missed payments on any of my cards. Credit score is around 770s and no derogs. I'm looking to get the Altitude Connect credit card. I don't have a US Bank checking or savings account just the credit card. Will having my current US Bank card be as good of a relationship with them as having a bank account? I ask because I've seen dps of people getting approved while being 3/12 new credit cards that had a checking account with US Bank.

Actually, @Beast26, I have had my U.S. Bank Altitude Go for about a year and a half. I think I was 2/6 and 3/12, with no relationship at all with U.S. Bank, and I was approved. However, I do have a long and thick credit profile, which I have to believe made the difference. I would not imagine you applying for the Connect would be significantly different than my experience applying for the Go.

Re: US Bank Relationship Question

SouthJamaica — Mon, 04 Mar 2024 21:51:39 GMT

@Beast26 wrote:
I have a US Bank Cash+ credit card that I've had for almost a year now and I have no missed payments on any of my cards. Credit score is around 770s and no derogs. I'm looking to get the Altitude Connect credit card. I don't have a US Bank checking or savings account just the credit card. Will having my current US Bank card be as good of a relationship with them as having a bank account? I ask because I've seen dps of people getting approved while being 3/12 new credit cards that had a checking account with US Bank.

I don't think you need to have a checking account with them for them to like you

Re: US Bank Relationship Question

Beast26 — Mon, 04 Mar 2024 22:29:17 GMT

Thanks guys I think I may pull the trigger in a couple months!

Re: US Bank Relationship Question

citymunky — Mon, 04 Mar 2024 23:37:20 GMT

@Beast26 wrote:
I have a US Bank Cash+ credit card that I've had for almost a year now and I have no missed payments on any of my cards. Credit score is around 770s and no derogs. I'm looking to get the Altitude Connect credit card. I don't have a US Bank checking or savings account just the credit card. Will having my current US Bank card be as good of a relationship with them as having a bank account? I ask because I've seen dps of people getting approved while being 3/12 new credit cards that had a checking account with US Bank.

The real question is, are you able to open a checking account them? I found out this weekend that I wasn't able open a personnel or business checking/saving to because they were no local branches within 50 miles of my location (or even in my state). If you do plan on opening an account they have a SUB promo going on current.

Re: US Bank Relationship Question

Beast26 — Tue, 05 Mar 2024 00:33:27 GMT

I just signed up for the bonus offer with the smartly checking account and got approved. It's the 4th bank in the past 2 months that I've signed up for. The bonus offer through the app actually offered me $600 instead of the standard $500 bonus that is currently offered on websites.

Re: US Bank Relationship Question

CorpCrMgr1 — Tue, 05 Mar 2024 01:20:04 GMT

Your DP are great and I believe you should have no problem being approved.

Re: US Bank Relationship Question

ptatohed — Tue, 05 Mar 2024 09:46:18 GMT

@Beast26 wrote:
I have a US Bank Cash+ credit card that I've had for almost a year now and I have no missed payments on any of my cards. Credit score is around 770s and no derogs. I'm looking to get the Altitude Connect credit card. I don't have a US Bank checking or savings account just the credit card. Will having my current US Bank card be as good of a relationship with them as having a bank account? I ask because I've seen dps of people getting approved while being 3/12 new credit cards that had a checking account with US Bank.

The term "relationship" is oddly used around here. You do not need a checking/savings account with USB to get their cards. Enjoy your upcoming new Alt Con card.

Re: US Bank Relationship Question

SouthJamaica — Tue, 05 Mar 2024 16:13:24 GMT

@citymunky wrote:
@Beast26 wrote:
I have a US Bank Cash+ credit card that I've had for almost a year now and I have no missed payments on any of my cards. Credit score is around 770s and no derogs. I'm looking to get the Altitude Connect credit card. I don't have a US Bank checking or savings account just the credit card. Will having my current US Bank card be as good of a relationship with them as having a bank account? I ask because I've seen dps of people getting approved while being 3/12 new credit cards that had a checking account with US Bank.
The real question is, are you able to open a checking account them? I found out this weekend that I wasn't able open a personnel or business checking/saving to because they were no local branches within 50 miles of my location (or even in my state). If you do plan on opening an account they have a SUB promo going on current.

I've opened several checking accounts with them, and have never even seen a US Bank branch.

Re: US Bank Relationship Question

dmFICO8 — Tue, 05 Mar 2024 16:46:24 GMT

@SouthJamaica wrote:
@citymunky wrote:
@Beast26 wrote:
I have a US Bank Cash+ credit card that I've had for almost a year now and I have no missed payments on any of my cards. Credit score is around 770s and no derogs. I'm looking to get the Altitude Connect credit card. I don't have a US Bank checking or savings account just the credit card. Will having my current US Bank card be as good of a relationship with them as having a bank account? I ask because I've seen dps of people getting approved while being 3/12 new credit cards that had a checking account with US Bank.
The real question is, are you able to open a checking account them? I found out this weekend that I wasn't able open a personnel or business checking/saving to because they were no local branches within 50 miles of my location (or even in my state). If you do plan on opening an account they have a SUB promo going on current.
I've opened several checking accounts with them, and have never even seen a US Bank branch.

That is because you already have a credit card with US Bank. Without any prior US Bank relationship and out of their branch area, checking and savings are automatically denied. Their credit cards are open to anyone, once you have one of their credit card, you can apply for checking/savings via online account login.

Re: US Bank Relationship Question

Blender — Tue, 05 Mar 2024 20:45:38 GMT

@citymunky wrote:
@Beast26 wrote:
I have a US Bank Cash+ credit card that I've had for almost a year now and I have no missed payments on any of my cards. Credit score is around 770s and no derogs. I'm looking to get the Altitude Connect credit card. I don't have a US Bank checking or savings account just the credit card. Will having my current US Bank card be as good of a relationship with them as having a bank account? I ask because I've seen dps of people getting approved while being 3/12 new credit cards that had a checking account with US Bank.
The real question is, are you able to open a checking account them? I found out this weekend that I wasn't able open a personnel or business checking/saving to because they were no local branches within 50 miles of my location (or even in my state). If you do plan on opening an account they have a SUB promo going on current.

Open a 1 mo CD for $500 then you can open any other accounts with them. Brokerage, checking, savings, etc

Re: US Bank Relationship Question

citymunky — Wed, 06 Mar 2024 00:13:36 GMT

@Blender wrote:
@citymunky wrote:
Open a 1 mo CD for $500 then you can open any other accounts with them. Brokerage, checking, savings, etc

Is this confirmed to work? I looked into their 'Standard CD' with an APY of just 0.25% which will earn a whopping $0.02 in a month. I don't moving money around but I would hate to do so and lose out on earning over 5% APY elsewhere.

Re: US Bank Relationship Question

Blender — Wed, 06 Mar 2024 00:41:31 GMT

@citymunky wrote:
@Blender wrote:
@citymunky wrote:
Open a 1 mo CD for $500 then you can open any other accounts with them. Brokerage, checking, savings, etc
Is this confirmed to work? I looked into their 'Standard CD' with an APY of just 0.25% which will earn a whopping $0.02 in a month. I don't moving money around but I would hate to do so and lose out on earning over 5% APY elsewhere.

The interest earned on $500 @ 5% for 1 month is $2.04. So it'd be up to you to decide if thats worth it to start a relationship with them. I live in one of the states they dont have physical locations in so I called with a few questions trying to open a Smartly Checking account and this is what the CSR told me. I'm gonna try it if I accept this new job (where I can control multiple DD), but if you beat me to it let me know, would be a good DP.

Re: US Bank Relationship Question

citymunky — Thu, 07 Mar 2024 03:14:41 GMT

@Blender wrote:

The interest earned on $500 @ 5% for 1 month is $2.04. So it'd be up to you to decide if that's worth it to start a relationship with them. I live in one of the states they dont have physical locations in so I called with a few questions trying to open a Smartly Checking account and this is what the CSR told me. I'm gonna try it if I accept this new job (where I can control multiple DD), but if you beat me to it let me know, would be a good DP.

Point taken (I was more of thinking the lines of pulling funds a other HYSA and messing with the compounding APY). However I do have small pots money sitting in other accounts earning nothing, so I applied in opening a CD with US Bank. If approved I'll apply again for the banking account and report back. I already missed out on the SUB since I jumped over to WF's SUB, but the worst case is that I don't be approved to open a checking or savings acct, however with the CD open, I'm planting another seed to building a relationship US Bank.