topic Re: USBank Platinum - DECLINED...guess why? in Credit Cards

USBank Platinum - DECLINED...guess why?

Anonymous — Fri, 12 Feb 2010 00:31:37 GMT

I was so happy that I used my tax return to pay off all of my credit card debt that I thought I would celebrate by applying for the USBank Platinum Visa. Well, I was declined online so I called and spoke to an underwriter. She was very pleasant and told me that I was declined because there are no USBank locations in my area. I live just south of PIttsburgh, PA. She said that unless you have an existing relationship with USBank, they will not approve you for a card if there is not a branch near you. WOW....wasn't expecting that!

Re: USBank Platinum - DECLINED...guess why?

Anonymous — Fri, 12 Feb 2010 01:09:09 GMT

open a checking/savings online. Call back. You now have a relationship with them and don't need to be near a branch. Revel in your success and creativity.

Re: USBank Platinum - DECLINED...guess why?

BungalowMo — Fri, 12 Feb 2010 01:26:44 GMT

Hope it didn't cost you a hard inquiry!!!

Re: USBank Platinum - DECLINED...guess why?

Cotton_Britches — Fri, 12 Feb 2010 04:07:30 GMT

US Bank should make that point clear on the application so the consumer doesn't waste an inquiry.

Re: USBank Platinum - DECLINED...guess why?

Red1Blue — Fri, 12 Feb 2010 04:09:38 GMT

It happend to me also. I live in NH and they declined the app stating they do not have branches in NH. There was no hard inq on my cr's.

Re: USBank Platinum - DECLINED...guess why?

haulingthescoreup — Tue, 16 Feb 2010 02:09:53 GMT

OP, if you have a credit report monitoring service for all three bureaus, I would wait to see if they did a hard. If so, call and ask if they would please remove it, since you weren't eligible in the first place.

I think I remember someone else going through this, and there wasn't an inq, because they weren't eligible in the first place.

eta: should have said "recode as a soft", not "remove." My brain was thinking it, but my fingers weren't typing it. Thanks, txjohn!

Message Edited by haulingthescoreup on 02-15-2010 06:09 PM

Re: USBank Platinum - DECLINED...guess why?

Anonymous — Fri, 12 Feb 2010 13:45:22 GMT

@Anonymous wrote:
open a checking/savings online. Call back. You now have a relationship with them and don't need to be near a branch. Revel in your success and creativity.

Re: USBank Platinum - DECLINED...guess why?

Watchmann — Fri, 12 Feb 2010 14:53:18 GMT

Back in the 70's and 80's this practice was quite common. I had a MC account for several years that was issued by local bank, never had a problem with it. Then I moved cross country and they promptly cancelled it as I had moved out of their area. And that was in the Carter era where there was a freeze on issuing any new credit to try to reign in inflation. It was not easy to get lined up with new credit. Don't think this is as serious, but we are tinkering with a system that has worked well for most people. Let's not goof it up.

Re: USBank Platinum - DECLINED...guess why?

Anonymous — Fri, 12 Feb 2010 16:11:20 GMT

@Watchmann wrote:
Back in the 70's and 80's this practice was quite common. I had a MC account for several years that was issued by local bank, never had a problem with it. Then I moved cross country and they promptly cancelled it as I had moved out of their area. And that was in the Carter era where there was a freeze on issuing any new credit to try to reign in inflation. It was not easy to get lined up with new credit. Don't think this is as serious, but we are tinkering with a system that has worked well for most people. Let's not goof it up.

We didn't have online accounts back in the 70's and 80's. I never figured on having accounts in distant cities, but I do. They pay better.

Gotta go with the technology sometimes, Watchmann...even though that very technology creates new problems to deal with that were never expected.

Re: USBank Platinum - DECLINED...guess why?

Anonymous — Fri, 12 Feb 2010 16:20:57 GMT

Friendly FYI: subscribers (ccc's and lenders) cannot remove inquiries, they can recode to be soft.

An inquiry is not reported by the subscriber, like an account. The CRA's report the inquiries as mandated by FCRA for no less than 2 years. However, this mandate is to report it to the consumer, not others....so there is no legal reason it cannot be recoded as soft...but the chances of delete, especially on EX, is remote. TU will lose them at times....and EQ has at times actually deleted, but EX stands firm.

The "reason" you should state to USBank is that they should have used your application and SOFT inquiry to determine eligibility, prior to any actual application or hard inquiry. Therefore, they should be willing to recode as soft for "promotional / pre-approval / positive id" purposes.

IMO IME

Re: USBank Platinum - DECLINED...guess why?

score_building — Mon, 22 Feb 2010 19:49:57 GMT

I doubt they pulled, same thing happened to me in NY--> no pull.

Jausanka offers an interesting work around, let us know if you go forward with the app.

Message Edited by score_building on 02-22-2010 11:49 AM

Re: USBank Platinum - DECLINED...guess why?

Anonymous — Fri, 12 Feb 2010 17:32:02 GMT

Agreed with others. There's no reason for them to pull your CR.

Re: USBank Platinum - DECLINED...guess why?

Anonymous — Fri, 12 Feb 2010 18:55:06 GMT

Hopefully they did just take a look at your address and dismiss before dinging you.

When I looked online to apply they stated very clearly what states they offer credit in. In fact the only card they have that is open to all states is the SKYPASS korean air card. But I agree if you open an account online you might have better luck. they may dismiss your account, however, because as a new account your address is still outside their area.

Re: USBank Platinum - DECLINED...guess why?

Anonymous — Fri, 12 Feb 2010 23:32:42 GMT

I am listing the website for US BANK Credit cards. Actually, other then their "own" cards, almost all their "Partner cards" are available nationwide. This includes their Airline Co-branded cards and retailer Visa cards, like Harley davidson, Gymboree, Bed Bath and beyond, Cache, etc.

We all have "favorites" but I must say in all honesty, my best banking experience over the years (from personal accounts and credit cards) has always been with US BANK.

((Be sure to click on VIEW ALL CARDS on this page to see what they have available))

http://www.usbank.com/cgi_w/cfm/personal/products_and_services/credit_cards.cfm?cat=Y

Message Edited by DickC on 02-12-2010 03:32 PM

Re: USBank Platinum - DECLINED...guess why?

FocusOnFICO — Fri, 12 Feb 2010 23:58:52 GMT

While I needed to cancel my cc with them (2 well-documented banking mistakes), I have to agree with DC that otherwise USBank was really great with charges, statements, and customer service. Even my cancellation call as met with top-flight professionalism.

If it were not for a not-yet-diagnosed glitch in their system for me, I would still be with them indefinitely.

Re: USBank Platinum - DECLINED...guess why?

Imhotrodcrazy — Sat, 13 Feb 2010 00:52:49 GMT

I feel quite fortunate that I have a US Bank branch in my city. They have been the best bank ever for me, and I have had many in my 45+ years of banking. My credit union use to be number 1 but now they have slipped to second because of the service and the amount of extended credit I have received from US Bank in just the last six months. I hope it continues in the same manner for years to come.

Re: USBank Platinum - DECLINED...guess why?

Anonymous — Sat, 20 Feb 2010 15:48:26 GMT

Well, just to follow up on this....I received my DECLINE letter today. It simply stated that I could not be considered for credit because my residence was outside of their service area.

They DID NOT do a hard or soft pull.... Thanks for that USBank!

Re: USBank Platinum - DECLINED...guess why?

MRMAGOO222 — Sun, 21 Feb 2010 22:02:35 GMT

YOU COULD TELL THEM YOUR BEST FRIEND LIVES IN HOPEDALE OHIO - REAL CLOSE TO THE HOPEDALE BRANCH - THATS 40 MILES FROM PITTSBURGH AND YOU WANTTO BANK THERE BECAUSE YOU SPEND SO MUCH TIME THERE.

Re: USBank Platinum - DECLINED...guess why?

Anonymous — Mon, 22 Feb 2010 19:47:12 GMT

in regards to MrMagoo, would that really work?

to the original poster, thanks for warning us about this issue

Re: USBank Platinum - DECLINED...guess why?

Anonymous — Mon, 22 Feb 2010 19:54:46 GMT

DickC, this may be a dumb question but is there an easy way to view the states where each card is available all on one page? I see all the cards but I don't see where the state's availability is listed. Also, since the Linuxfund and the Humane Society cards are partner cards, is it safe to assume they are available nationwide? For some reason I don't even see those cards on the website.

@Anonymous wrote:
I am listing the website for US BANK Credit cards. Actually, other then their "own" cards, almost all their "Partner cards" are available nationwide. This includes their Airline Co-branded cards and retailer Visa cards, like Harley davidson, Gymboree, Bed Bath and beyond, Cache, etc.

We all have "favorites" but I must say in all honesty, my best banking experience over the years (from personal accounts and credit cards) has always been with US BANK.

((Be sure to click on VIEW ALL CARDS on this page to see what they have available))

http://www.usbank.com/cgi_w/cfm/personal/products_and_services/credit_cards.cfm?cat=Y

Message Edited by DickC on 02-12-2010 03:32 PM