topic Re: US Bank Cash+ app in Credit Cards

US Bank Cash+ app

flyingpenguin — Wed, 28 Nov 2012 13:49:23 GMT

Hi guys, I started a thread a few days ago asking about which card to apply for, and got some good advice. I applied for the US Bank Cash+ card Sunday night and just called to check on the status...

Here's my info (from my old thread):

I PIF every month, no baddies.

Current cards:

Citi Forward - 5500 limit - opened 7/09

BofA - 1700 limit - opened 7/07 (first card I opened when I turned 18, it's in the sockdrawer now)

Macy's Store Card - 100 limit - opened 6/08 (haven't used since I opened it but it reports every month)

I also have one paid off student loan and one active one (~$5000), if that's relevant.

FICO EQ: 759 (5/2/11)

FAKO: (all past few days)

CK: 755

CS: 773

Quizzle: 734

And the result ...

Approved for Cash+ for 11k!!!

I'm really shocked! It's my highest limit by far. I was nervous that I would get the cash rewards instead of cash+ card. I won't fully believe it until I get it the mail. The guy said it's going out in the mail today.

Oh, I just realized I forgot to ask about my score. Will I receive that in the mail too?

Thanks for all your help!

Re: US Bank Cash+ app

kevinjjc — Wed, 28 Nov 2012 14:01:11 GMT

Congrats!!! What APR did you get? I will apply for the Cash+ very soon.

Re: US Bank Cash+ app

Anonymous — Wed, 28 Nov 2012 14:24:37 GMT

Wow! Congrats! That's a nice CL.

Re: US Bank Cash+ app

emptypockets — Wed, 28 Nov 2012 15:58:31 GMT

Congrats!! You will get your score in the mail, in a separate letter. However, I think they are only required to send it out if you do not get approved for their best terms/interest rate.

Re: US Bank Cash+ app

tennisfan78 — Wed, 28 Nov 2012 17:59:53 GMT

Wow, congrats!!!

Re: US Bank Cash+ app

flyingpenguin — Thu, 29 Nov 2012 03:03:06 GMT

Thank you! I didn't ask about APR. I'll post an update when I get the card.

ETA: Does anyone know this? For the hotel and flight categories, the website says that they're only counted if you book with that hotel/airline directly. But what if you book through a third party agency but the charge on the card is the hotel/airline itself (e.g. United or whatever). Would that be included in the rewards? Or does it depend?

So excited to get my card!

Re: US Bank Cash+ app

improvingmycredit — Thu, 29 Nov 2012 06:00:04 GMT

SWEET!!!!! YAY! Congrats!. I'm excited for you! I'm thinking on this card myself! Super Job!

Re: US Bank Cash+ app

Epcot — Thu, 29 Nov 2012 18:52:17 GMT

That's a nice CL, Congrats!

Re: US Bank Cash+ app

wallyworld123 — Thu, 29 Nov 2012 21:33:28 GMT

Congrats awesome news way to go! Happy Holidays!

Re: US Bank Cash+ app

Anonymous — Thu, 29 Nov 2012 22:00:53 GMT

@flyingpenguin wrote:
Thank you! I didn't ask about APR. I'll post an update when I get the card.

ETA: Does anyone know this? For the hotel and flight categories, the website says that they're only counted if you book with that hotel/airline directly. But what if you book through a third party agency but the charge on the card is the hotel/airline itself (e.g. United or whatever). Would that be included in the rewards? Or does it depend?

So excited to get my card!

I would guess it depends only on the MCC returned with the transaction (so 4511 for airlines, and looks like each major hotel chain has its own)

So if somehow that gets passed from the agency, you would be OK, but if it says say 4722 (Travel Agencies) you don't get the 5%. Unfortunately, I would guess you get the agency code, unless somehow they get the airline to bill you and then the airlines pay the agency a commission.

Normally the advice for this sort of thing ("Does store X count as a Y?") is "Make a small purchase and see", because often the staff won't be able to tell you. For airline tickets, not so easy to do a small trial purchase!

Re: US Bank Cash+ app

flyingpenguin — Fri, 30 Nov 2012 04:15:07 GMT

@Anonymous wrote:
@flyingpenguin wrote:
Thank you! I didn't ask about APR. I'll post an update when I get the card.

ETA: Does anyone know this? For the hotel and flight categories, the website says that they're only counted if you book with that hotel/airline directly. But what if you book through a third party agency but the charge on the card is the hotel/airline itself (e.g. United or whatever). Would that be included in the rewards? Or does it depend?

So excited to get my card!
I would guess it depends only on the MCC returned with the transaction (so 4511 for airlines, and looks like each major hotel chain has its own)
So if somehow that gets passed from the agency, you would be OK, but if it says say 4722 (Travel Agencies) you don't get the 5%. Unfortunately, I would guess you get the agency code, unless somehow they get the airline to bill you and then the airlines pay the agency a commission.

Normally the advice for this sort of thing ("Does store X count as a Y?") is "Make a small purchase and see", because often the staff won't be able to tell you. For airline tickets, not so easy to do a small trial purchase!

Haha, yeah. That makes sense. I guess I'll see!

Re: US Bank Cash+ app

RonDawg — Fri, 30 Nov 2012 04:35:10 GMT

Congrats welcome to the cash back club

Re: US Bank Cash+ app

BearsAndTurtlesRtheBest — Fri, 30 Nov 2012 04:35:21 GMT

Fantastic!! and last time my mom apped for the platinum it came with the EXPERIAN FICO SCORE ITS PRETTY NEAT SINCE YOU CANT REALLY GET THE FICO FOR EX. LOOK FOR THE SCORE WHEN YOU RECIEVE CARD AND LETTER.

Re: US Bank Cash+ app

BluMoon — Sat, 01 Dec 2012 00:27:14 GMT

All good things must come to an end. I called a rep this morning to ask if the Experian score (that comes with premier banking) was a FICO score or not. He told me he thought that it was. I told him that I would be surprised to find out that it was a FICO. He told me that he would check and got my name and number. I'd also told him that I was planning to open a gold account and app for the Cash+ card within the next week.

He called later and told me that the Experian score is NOT a FICO. He also told me that he had just come from a meeting and was told that US Bank was no longer accepting applications for the Cash+ card. He said that it was TOO successful and they had to pull back. Anyway, I went on-line and looked. It appears that he was mistaken. They are no longer accepting applications by phone or on-line. However, they are still taking applications at the individual branches. I live nowhere near a branch. So close.

Re: US Bank Cash+ app

flyingpenguin — Sat, 01 Dec 2012 03:32:06 GMT

@BluMoon wrote:
All good things must come to an end. I called a rep this morning to ask if the Experian score (that comes with premier banking) was a FICO score or not. He told me he thought that it was. I told him that I would be surprised to find out that it was a FICO. He told me that he would check and got my name and number. I'd also told him that I was planning to open a gold account and app for the Cash+ card within the next week.

He called later and told me that the Experian score is NOT a FICO. He also told me that he had just come from a meeting and was told that US Bank was no longer accepting applications for the Cash+ card. He said that it was TOO successful and they had to pull back. Anyway, I went on-line and looked. It appears that he was mistaken. They are no longer accepting applications by phone or on-line. However, they are still taking applications at the individual branches. I live nowhere near a branch. So close.

Oh wow! I guess I applied in the nick of time. Sorry to hear that. I hope they don't nerf the card too badly...

Here's the promised update. :) Got my card in the mail...

flyingpenguin — Sun, 09 Dec 2012 01:23:18 GMT

Here's the promised update.

Got my card in the mail and it's soo pretty! Haha. Here's a picture I found online. It's a darker blue in real life though:

Confirmed the credit line of $11,000. It's already reporting the limit on CK too.

Also got my EX FICO score: 749 (11/25/12). The APR is 16.99% - not the lowest, but I never carry a balance anyway.

Both my CK and CS FAKO's went up when I checked them yesterday. CK increased 10 points to 765 and CS increased 13 points to 786. I guess the lowered utilization balanced out the inquiry and then some.

So happy!

Re: Here's the promised update. :) Got my card in the mail...

kevinjjc — Sun, 09 Dec 2012 03:33:05 GMT

Congrats again, enjoy your new Cash+ card!!! I'm surprised they gave you a 16.99% APR since 13.99% APR is the lowest advertised APR for the Cash+. I wonder what is the minimum credit score required to qualify for the lowest APR. I would think a 749 EX FICO deserves the lowest APR.

Re: Here's the promised update. :) Got my card in the mail...

Anonymous — Sun, 09 Dec 2012 03:48:08 GMT

At the time I applied I had an average of 770 or so on TU/EQ, and got 14.99 rather than the lowest.

Re: Here's the promised update. :) Got my card in the mail...

Epcot — Sun, 09 Dec 2012 03:52:33 GMT

Very nice, Congrats!

Re: Here's the promised update. :) Got my card in the mail...

tennisfan78 — Sun, 09 Dec 2012 06:14:55 GMT

Awesome, Congrats!!!