topic Re: U.S. Bank CLI in Credit Cards

U.S. Bank CLI

tengtengvn — Tue, 14 Jun 2011 23:02:03 GMT

So I called in and asked for CLI since my U.S. Bank FlexPerks hit 6 months mark.

-First CSR doesn't know if it's a hard or soft pull. She put me on-hold then came back with the answer. It will be a hard pull. I thanked her and said then I don't need anymore.

-Call back and talk to another CSR, he said soft pull. The system came back with 7-10 business days message.

Odd thing is the last time when I called (few months ago) to request CLI for my Platinum and BBB card, they didn't pull my credit report. They just checked my usage & approve the request.

Can't wait to get the letter.

Re: U.S. Bank CLI

DI — Tue, 14 Jun 2011 23:58:23 GMT

Congrats! It would be great if US Bank allow me to product change my Kroger 123 card, since I no longer live in a Kroger area. I don't feel comfortable using a Kroger card at a Publix without reaping maximum rewards.

Re: U.S. Bank CLI

Anonymous — Wed, 15 Jun 2011 06:42:04 GMT

@tengtengvn wrote:
So I called in and asked for CLI since my U.S. Bank FlexPerks hit 6 months mark.
-First CSR doesn't know if it's a hard or soft pull. She put me on-hold then came back with the answer. It will be a hard pull. I thanked her and said then I don't need anymore.
-Call back and talk to another CSR, he said soft pull. The system came back with 7-10 business days message.

Odd thing is the last time when I called (few months ago) to request CLI for my Platinum and BBB card, they didn't pull my credit report. They just checked my usage & approve the request.
Can't wait to get the letter.

Let us know how it goes! We're pulling for ya!

Re: U.S. Bank CLI

brian2220 — Thu, 16 Jun 2011 03:54:02 GMT

does anyone know if us bank reviews accounts for auto cli

and do they ever decrease apr over time because i was given 23.99% on my new card

Re: U.S. Bank CLI

mark925 — Fri, 17 Jun 2011 06:44:17 GMT

@brian2220 wrote:
does anyone know if us bank reviews accounts for auto cli
and do they ever decrease apr over time because i was given 23.99% on my new card

They do review accounts. On my US Bank Platinum Visa last year they sent me a letter offering me a CLI. I simply called, verified my income and got a $3k CLI with no pull at all.

Re: U.S. Bank CLI

tengtengvn — Fri, 17 Jun 2011 18:02:52 GMT

@brian2220 wrote:
does anyone know if us bank reviews accounts for auto cli
and do they ever decrease apr over time because i was given 23.99% on my new card

with US Bank, they treat you personally like a credit union. For example: I applied for a checking account online. My application was forwareded to a local agent. I got an email a day later letting me know that my account is ready & I can contact the agent directly if I have any concerns.

Thank you for your application to open a new U.S. Bank account. Your application process has been completed and your new account is ready for your use.

Please feel free to contact me with any questions or concerns. We appreciate your business and are looking forward to assisting with your future financial needs.

Sincerely,

Mxxxxxxx
Account Processing Specialist
US Bank - Direct Bank
P: 651-xxx-xxxx
F: 651-xxx-xxxx
Email: Mxxxxx@usbank.com

Re: U.S. Bank CLI

Anonymous — Mon, 15 Aug 2011 02:57:58 GMT

Sorry to bring such an old thread back to life. Did it end up being a Soft pull? I'm considering calling and requesting a CLI. It's been $500 for quite a while now (I didn't know you could request a CLI until recently)

Re: U.S. Bank CLI

MagicShot — Mon, 15 Aug 2011 03:33:47 GMT

@ptrutkowski wrote:
Sorry to bring such an old thread back to life. Did it end up being a Soft pull? I'm considering calling and requesting a CLI. It's been $500 for quite a while now (I didn't know you could request a CLI until recently)

+1 Mine has been 500 for a while now too

Re: U.S. Bank CLI

Anonymous — Mon, 15 Aug 2011 03:43:20 GMT

@MagicShot wrote:
@ptrutkowski wrote:
Sorry to bring such an old thread back to life. Did it end up being a Soft pull? I'm considering calling and requesting a CLI. It's been $500 for quite a while now (I didn't know you could request a CLI until recently)

+1 Mine has been 500 for a while now too

I literally just read a thread on myFICO that US Bank grants an automatic CLI of $1500 every 6 months without a hard pull. Caveat is you have to call and speak to a CSR about it. I'm going to call tomorrow!

Re: U.S. Bank CLI

MagicShot — Mon, 15 Aug 2011 04:07:36 GMT

@ptrutkowski wrote:

@MagicShot wrote:
@ptrutkowski wrote:
Sorry to bring such an old thread back to life. Did it end up being a Soft pull? I'm considering calling and requesting a CLI. It's been $500 for quite a while now (I didn't know you could request a CLI until recently)

+1 Mine has been 500 for a while now too
I literally just read a thread on myFICO that US Bank grants an automatic CLI of $1500 every 6 months without a hard pull. Caveat is you have to call and speak to a CSR about it. I'm going to call tomorrow!

Let us know how it goes!

Re: U.S. Bank CLI

Anonymous — Mon, 15 Aug 2011 17:23:46 GMT

6 month, $1500 CLI rule no longer valid

http://ficoforums.myfico.com/t5/Credit-Cards/U-S-Bank-CLI/td-p/945632

Re: U.S. Bank CLI

MagicShot — Mon, 15 Aug 2011 17:32:17 GMT

@ptrutkowski wrote:
6 month, $1500 CLI rule no longer valid

http://ficoforums.myfico.com/t5/Credit-Cards/U-S-Bank-CLI/td-p/945632

Yeah I just called them; said said its a always a hard pull now for customer CLI's. She said they periodically review account and offer CLI's that way without a Hard pull but no iniated CLI without hard sucks!

Re: U.S. Bank CLI

Anonymous — Mon, 15 Aug 2011 17:49:00 GMT

@MagicShot wrote:
@ptrutkowski wrote:
6 month, $1500 CLI rule no longer valid

http://ficoforums.myfico.com/t5/Credit-Cards/U-S-Bank-CLI/td-p/945632

Yeah I just called them; said said its a always a hard pull now for customer CLI's. She said they periodically review account and offer CLI's that way without a Hard pull but no iniated CLI without hard sucks!

Yea, I guess we missed the boat on that one lol. This card has been in my sock drawer for a few months now, and after reading a few things on myFICO i learned that I need (should) make a 1% - 9% every month to show that I'm managing my credit instead of hiding it in my drawer. Maybe a few months of that will earn a CLI.

Re: U.S. Bank CLI

Anonymous — Mon, 15 Aug 2011 22:00:46 GMT

@ptrutkowski wrote:
Yea, I guess we missed the boat on that one lol. This card has been in my sock drawer for a few months now, and after reading a few things on myFICO i learned that I need (should) make a 1% - 9% every month to show that I'm managing my credit instead of hiding it in my drawer. Maybe a few months of that will earn a CLI.

Well sorta.

You'll want your cards to have regular usage so they're not closed due to non-use. Most cards do well with usage every month or two. Many folks on these forums put a recurring bill on sockdrawered cards so they will show regular use. Merchant cards in general are more forgiving about use than bank cards. But you'll still want to keep 'em somewhat active to keep 'em happy. (I use my Dillard's card about once every five months, for example - but I would never let my Juniper go that long without use.)

The 1-9%, however, refers to something else altogether. The general recommendation for tweeking out the highest FICO score impact, is to have all your credit cards except one report a zero balance; with the remaining one credit card reporting less than 9%.

The card usage can be any percentage that works well for you (staying a healthy distance from the CL, of course). What matters for FICO scoring is the reported balance. Most, not all, cards report the balance as of the statement date.

Hope that helps.