topic Re: US Bank Cash+ - Chances of Getting this? in Credit Cards

US Bank Cash+ - Chances of Getting this?

Anonymous — Sat, 30 Mar 2013 10:26:50 GMT

My EX is 787, but I have a collection account that is 2-3 years old on there. What are my chances of getting a US Bank Cash+ card? US Bank is around the corner from me.

Re: US Bank Cash+ - Chances of Getting this?

Anonymous — Sat, 30 Mar 2013 11:30:54 GMT

@Anonymous wrote:
My EX is 787, but I have a collection account that is 2-3 years old on there. What are my chances of getting a US Bank Cash+ card? US Bank is around the corner from me.

what's your AAoA, util ratio, limits on other cards (approx amt will do, like whether its >5k)? do you have a banking relationship with them?

i am asking for your other limits only because the cash+ is a visa signature and sometimes banks like to match whatever CL you have gotten, rather than being the guinea pig themselves.

is your score a fako or fico?

which bureau does us bank pull btw? always been wondering about this. i am in socal, california.

Re: US Bank Cash+ - Chances of Getting this?

Anonymous — Sat, 30 Mar 2013 11:32:08 GMT

AAoA is ~7 years, $20K on a VISA at an CU, and $10K with another CU. Util ratio is 2%. I've never banked with US Bank.

My score is from the CU when I got the VISA, so I'm guessing its a FICO. But I have a collection on my reports, the only bad.

Re: US Bank Cash+ - Chances of Getting this?

LS2982 — Sat, 30 Mar 2013 11:34:39 GMT

Im a little skeptical about a 787 score being a FICO with a recent baddie.

Only way to know is to app. Is the baddie paid at least?

Re: US Bank Cash+ - Chances of Getting this?

Anonymous — Sat, 30 Mar 2013 11:37:13 GMT

if your score is a fico, or a fako that isn't way too far off from your actual fico, you stand a good chance.

if you want to be absolutely on the safe side, you should try to get the collections removed. how much is the collection amount?

overall i think you stand a good chance, as long as that collection amount isnt excessively high. its almost 100% guaranteed u will get approved for that platinum if u dont get approved for cash+ though.

does anyone know which CRA does US bank pull for socal, california?

Re: US Bank Cash+ - Chances of Getting this?

Anonymous — Sat, 30 Mar 2013 11:48:04 GMT

Its about 2 grand. Tough, because I don't know who the JDB is for it. They pull EX here in CA.

Re: US Bank Cash+ - Chances of Getting this?

LS2982 — Sat, 30 Mar 2013 11:50:18 GMT

@schrute is the collection paid?

Re: US Bank Cash+ - Chances of Getting this?

Anonymous — Sat, 30 Mar 2013 12:02:00 GMT

Not paid. 787 score came from the Credit Union after they did a soft pull on my account. I have a pretty good thick file (mostly student loans) with 16 open accounts and 36 total accounts. Only baddie is one unpaid collections (no chargeoff).

Re: US Bank Cash+ - Chances of Getting this?

Anonymous — Sat, 30 Mar 2013 12:13:54 GMT

damn! another company that pulls EX. Most of the cards I'm interested in happens to pull EX for some reason

With an unpaid recent collections, that might make things hard. I don't really know how strict/easy US Bank is with for their credit cards, so it's hard to tell you accurately as well.

did your CU use a FICO score? Or was it a vantage score or a FAKO?

If you want to be safe, use creditseasame (it's free) or some kind of monitoring service that pulls EX or all 3 for your FAKO. If possible, get a few to have a good estimate of your FICO by looking at a few FAKOs.

Re: US Bank Cash+ - Chances of Getting this?

Anonymous — Sat, 30 Mar 2013 12:13:58 GMT

I wouldn't give up the HP in this situation. If they're anything like Amex, unpaid collectons aren't gonna fly.

Re: US Bank Cash+ - Chances of Getting this?

iowapilot84 — Sat, 30 Mar 2013 12:17:35 GMT

@Anonymous wrote:
I wouldn't give up the HP in this situation. If they're anything like Amex, unpaid collectons aren't gonna fly.

Re: US Bank Cash+ - Chances of Getting this?

LS2982 — Sat, 30 Mar 2013 12:26:08 GMT

I agree with drk dont waste the HP. I would focused on PFDing that collection.

Re: US Bank Cash+ - Chances of Getting this?

Open123 — Sat, 30 Mar 2013 15:30:37 GMT

@iowapilot84 wrote:
@Anonymous wrote:
I wouldn't give up the HP in this situation. If they're anything like Amex, unpaid collectons aren't gonna fly.

+1

US Bank is one of the tougher approvals.

They place more weight on AAOA and clean records more than most. Unless you have an extremely long AAOA, an unpaide collection in the $2,000s will likely be a deal breaker for them.

These guys want super clean CRs.

Re: US Bank Cash+ - Chances of Getting this?

Anonymous — Sat, 30 Mar 2013 17:48:18 GMT

I believe they're relatively conservative. Maybe not FNBO conservative but not an easy approval.

Looked at their Cash + but wouldn't pull the trigger. I think my utilization is a little too high for them at 40%.

Re: US Bank Cash+ - Chances of Getting this?

jamesdwi — Sat, 30 Mar 2013 20:09:18 GMT

@Anonymous wrote:
I believe they're relatively conservative. Maybe not FNBO conservative but not an easy approval.

Looked at their Cash + but wouldn't pull the trigger. I think my utilization is a little too high for them at 40%.

when did the First National Bank of Omaha get conservative? Sure they do a manual review, but aren't paranoid about having a clean report, I got my FNBO Discover card with numerous INQ's even 2 in the last 6 months at the time, 6x Baddies on my report, all 6 years old and non-paid. Approved for 6k CL matching my highest limit. They recently gave me a CLI of $1500, to $7500 after 6 months, and 25% UTL at the time becoming my highest limit.

Re: US Bank Cash+ - Chances of Getting this?

dodgerslv — Sat, 30 Mar 2013 20:11:43 GMT

@jamesdwi wrote:
@Anonymous wrote:
I believe they're relatively conservative. Maybe not FNBO conservative but not an easy approval.

Looked at their Cash + but wouldn't pull the trigger. I think my utilization is a little too high for them at 40%.
when did the First National Bank of Omaha get conservative? Sure they do a manual review, but aren't paranoid about having a clean report, I got my FNBO Discover card with numerous INQ's even 2 in the last 6 months at the time, 6x Baddies on my report, all 6 years old and non-paid. Approved for 6k CL matching my highest limit. They recently gave me a CLI of $1500, to $7500 after 6 months, and 25% UTL at the time becoming my highest limit.

I agree. A friend of mine got a preapproval for their Visa, applied and got approved with collections and chargeoffs still reporting (they were 5+ years old though)

Re: US Bank Cash+ - Chances of Getting this?

Anonymous — Sat, 30 Mar 2013 20:43:37 GMT

Been thinking about getting this US Bank Cash+ card. I'm planning a road trip to Cincinnati in May and may stop in a branch to apply.

I wonder if they'll like my Experian report with 13 inq and 17 recently closed by consumer accounts. haha.

Re: US Bank Cash+ - Chances of Getting this?

Anonymous — Sat, 30 Mar 2013 21:16:55 GMT

@Anonymous wrote:
Been thinking about getting this US Bank Cash+ card. I'm planning a road trip to Cincinnati in May and may stop in a branch to apply.

I wonder if they'll like my Experian report with 13 inq and 17 recently closed by consumer accounts. haha.

let me know! I'm in a similar situation as you are (9 inq). Not trying to make you my guinea pig haha but I am curious about how inquiry sensitive they are as well.

Re: US Bank Cash+ - Chances of Getting this?

Anonymous — Sat, 30 Mar 2013 21:30:19 GMT

In my case, I think the account closures should negate the large number of inquiries, 4 of which are from searching for an auto loan which I should have just gotten from DCU in the first place. Can't beat 1.99% used auto loan except with penfed's 1.74%

Re: US Bank Cash+ - Chances of Getting this?

Anonymous — Sat, 30 Mar 2013 21:35:36 GMT

most of my inquiries are due to my auto loan too. 5 inquiries, just like that, without me even knowing. I was just expecting 1 since I was very confident about qualifying for the manufacturer's 0.9APR financing, but apparently my dealership did a blanket app with other banks as well at the same time.

Still gets very depressing whenever I look on my EX file.