topic Re: USBank -- again.. in Credit Cards

USBank -- again..

Anonymous — Thu, 10 Apr 2008 01:36:55 GMT

I'm just curious. I did a search and saw two threads on this Plat Visa, but I thought I'd throw it out there to see if anyone else has gotten one of these in the past few days or so.

Pre-qualified offer for USBank Plat Visa

Advertised 'Generous CL'

60 month BTs at 6.99 (3% BT fee applies)

12 month intro APR at 0.00

Standard APR of prime + 7.99

$40 AF - waived with 1 purchase each year

I think it was HTSU and (just slipped my mind) got this offer a month or so ago.

Did anyone bite?

Re: USBank -- again..

haulingthescoreup — Thu, 10 Apr 2008 01:43:32 GMT

It was me (maybe among others), and I did not bite as I am now without teeth, mmph, mmmph.

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=51785

Re: USBank -- again..

Anonymous — Thu, 10 Apr 2008 02:01:12 GMT

Yup -- and this one..

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&message.id=47160#M47160

I'm kinda flattered. (I'm not apping, tho - NO apps until September!)

Re: USBank -- again..

Anonymous — Thu, 10 Apr 2008 02:58:01 GMT

You have much more self-control than I do. If I got a pre-app in the mail from US Bank, I think I'd frame it.

Re: USBank -- again..

BBYGRL — Thu, 10 Apr 2008 04:28:51 GMT

WhirledPeasPlease wrote:
Yup -- and this one..

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&message.id=47160#M47160

I'm kinda flattered. (I'm not apping, tho - NO apps until September!)

Yep - That was me...no I didn't bite. I opted for the Citi Plat Amex. I would've reconsidered but I have vowed not to app until 2010.

Message Edited by BBYGRL on 04-09-2008 09:28 PM

Message Edited by BBYGRL on 04-09-2008 09:28 PM

Re: USBank -- again..

creditninja9000 — Thu, 10 Apr 2008 13:50:20 GMT

@Anonymous wrote:
You have much more self-control than I do. If I got a pre-app in the mail from US Bank, I think I'd frame it.

Why is USBank so great?

Re: USBank -- again..

Anonymous — Thu, 10 Apr 2008 13:52:50 GMT

@ejbeasley wrote:

@Anonymous wrote:

You have much more self-control than I do. If I got a pre-app in the mail from US Bank, I think I'd frame it.

Why is USBank so great?

It's not that they're so great; it's that they're known for being difficult to get, like Discover and Amex used to be.

What I was saying was that if I got one of those preapprovals in the mail, it would be a good sign that I have "arrived" creditwise.

Re: USBank -- again..

MidnightVoice — Thu, 10 Apr 2008 14:04:51 GMT

cheddar wrote:
You have much more self-control than I do. If I got a pre-app in the mail from US Bank, I think I'd frame it.

Is USBank any good as a CC? I have my checking AC with them

Re: USBank -- again..

MidnightVoice — Thu, 10 Apr 2008 14:23:54 GMT

cheddar wrote:

It's not that they're so great; it's that they're known for being difficult to get, like Discover and Amex used to be.

Ah, I see.

Re: USBank -- again..

Anonymous — Thu, 10 Apr 2008 14:39:32 GMT

Is USBank any good as a CC? I have my checking AC with them

Not to sure. DW has a card and the limit was raised to 8400.00 from 7100.00 or something but the interest was 22.49% for purchase and 23.24% for Advances.

Unfortunately for her was all her charges were Cash advance for a bal of 5400.00 so She called them and they said since you have been a good customer and her fico's are in the low 700's that the would drop the % to 2.99 for 9 months. GREAT!

That was for purchases. The Cash Advance stays at 23.24

Re: USBank -- again..

Anonymous — Thu, 10 Apr 2008 14:47:19 GMT

Denloe wrote:

Not to sure. DW has a card and the limit was raised to 8400.00 from 7100.00 or something but the interest was 22.49% for purchase and 23.24% for Advances.

Unfortunately for her was all her charges were Cash advance for a bal of 5400.00 so She called them and they said since you have been a good customer and her fico's are in the low 700's that the would drop the % to 2.99 for 9 months. GREAT!

That was for purchases. The Cash Advance stays at 23.24

23% or so on cash advances is pretty typical of just about any issuer. Be careful with that 2.99% on purchases. You know why they offered that rate in this situation, right?

Since your DW has been carrying cash advance balances, they are hoping to entice her with a low purchase rate so that she'll rack up a large balance from purchases, and then her payments won't be able to touch cash advance balance until the purchases are completely paid off. Tread lightly with this offer!

Message Edited by cheddar on 04-10-2008 10:47 AM

Re: USBank -- again..

Anonymous — Thu, 10 Apr 2008 14:56:08 GMT

Absolutely. Here intention is to pay this off and not use it. She just wanted lower % to do it quicker.

Thanks Cheddar

cheddar wrote:

23% or so on cash advances is pretty typical of just about any issuer. Be careful with that 2.99% on purchases. You know why they offered that rate in this situation, right?

Since your DW has been carrying cash advance balances, they are hoping to entice her with a low purchase rate so that she'll rack up a large balance from purchases, and then her payments won't be able to touch cash advance balance until the purchases are completely paid off. Tread lightly with this offer!

Message Edited by cheddar on 04-10-2008 10:47 AM

Re: USBank -- again..

Anonymous — Thu, 10 Apr 2008 16:00:04 GMT

Honestly, I don't know what's so special about US Bank.

I also got that pre-app offer in the mail, and decided that since I have a checking acct. with them, a CC from the same bank would probably go well with it. So I applied and got approved for the "generous" 2k limit. Which is good... Then six months later they automatically raised my limit to 2750. Which was also good... But that card is boring! No rewards, no nothing. Just a plain and simple Visa credit card. Blah!

By the way, they gave me intro rate of 1.9% for one year, and no annual fee EVER. I haven't used this card for a while.

Re: USBank -- again..

MidnightVoice — Thu, 10 Apr 2008 16:07:09 GMT

I have a very boring card from my CU - no rewards, but a low APR in case I ever need to carry a balance for a month

Re: USBank -- again..

Anonymous — Thu, 10 Apr 2008 19:29:52 GMT

Thanks for the responses -- and I'm really glad I now understand that their idea of generous is much different than mine!

Re: USBank -- again..

Creditaddict — Thu, 10 Apr 2008 20:29:47 GMT

I LOVE my USBANK VISA SIGNATURE. it's my oldest account and highest limit. Pretty good rewards too that I trade in for credits towards my balance!

Re: USBank -- again..

creditninja9000 — Fri, 11 Apr 2008 00:01:05 GMT

I signed up for Select Rewards but it made my APR go from 11% up to 15% i didn't think it was worth it for rewards that would take thousands to accumulate. I probably wouldn't even pass more than 5k through the card a year and that's if it was of the cards I mainly used. I decided to switch back to regular Platinum. These rewards are all gimmicks to encourage spending anyway.......

Re: USBank -- again..

haulingthescoreup — Fri, 11 Apr 2008 00:30:24 GMT

@Creditaddict wrote:

I LOVE my USBANK VISA SIGNATURE. it's my oldest account and highest limit. Pretty good rewards too that I trade in for credits towards my balance!

Does it report your actual CL, or just the highest balance you've ever had? What rewards does it offer? It's obviously a different beast from many of the other US Bank cards.

Re: USBank -- again..

Creditaddict — Fri, 11 Apr 2008 01:30:25 GMT

it does report my CL

Re: USBank -- again..

haulingthescoreup — Fri, 11 Apr 2008 01:33:41 GMT

@Creditaddict wrote:

it does report my CL

Interesting! Seems like one of the few Signature Visas that does. thanks