topic Re: You're approved! ... Sort of. in Credit Cards

You're approved! ... Sort of.

sr383 — Sat, 18 Jan 2014 00:44:26 GMT

In the wake of the Target security breach, US Bank sent me another Cash Rewards card with the same $4,500 limit I had before. Really, guys? You couldn't tack another $500 and make it a Cash+?

I was going to leave this account alone (since it's only 3 months old), but getting a new card that I didn't really want kind of galled me, so I called 'em up and asked for a PC to Cash+. The CSR checked and said I was approved for the Cash+ ... but, no ... my limit is too low. "You must have at least a $5,000 limit, so you'll need a credit line increase first."

So, she asked for my salary and asked whether I rent or own and what my mortgage payment is, and that was that. She said I'll get an answer by mail in 7-10 days. I don't know if I tacitly authorized a hard pull, or not.

I don't need a higher limit. And it's not like I'm dying for 5% back at restaurants and burger joints--it's just the idea that I applied for one card and got something else that has me all bothered.

Just don't go crazy here, guys. I sure don't need Barclay or AMEX asking questions.

Re: You're approved! ... Sort of.

Anonymous — Sat, 18 Jan 2014 00:59:18 GMT

it should be a HP.

try calling their backdoor number tomorrow. they're generally pretty quick about processing apps and CLI requests.

Re: You're approved! ... Sort of.

newUser0 — Sat, 18 Jan 2014 01:25:14 GMT

Wish you a good luck on your Approval

Re: You're approved! ... Sort of.

Themanwhocan — Sat, 18 Jan 2014 04:17:23 GMT

Good luck. Once you have the cash+, you can start planning how your going to obtain the new US Bank Amex card they will be releasing in the Fall.

Re: You're approved! ... Sort of.

-Wade- — Sat, 18 Jan 2014 04:29:16 GMT

@sr383 wrote:
In the wake of the Target security breach, US Bank sent me another Cash Rewards card with the same $4,500 limit I had before. Really, guys? You couldn't tack another $500 and make it a Cash+?

I was going to leave this account alone (since it's only 3 months old), but getting a new card that I didn't really want kind of galled me, so I called 'em up and asked for a PC to Cash+. The CSR checked and said I was approved for the Cash+ ... but, no ... my limit is too low. "You must have at least a $5,000 limit, so you'll need a credit line increase first."

So, she asked for my salary and asked whether I rent or own and what my mortgage payment is, and that was that. She said I'll get an answer by mail in 7-10 days. I don't know if I tacitly authorized a hard pull, or not.

I don't need a higher limit. And it's not like I'm dying for 5% back at restaurants and burger joints--it's just the idea that I applied for one card and got something else that has me all bothered.

Just don't go crazy here, guys. I sure don't need Barclay or AMEX asking questions.

If you do not qualify for the U.S. Bank Cash+ Visa Signature Card, you will automatically be considered for the U.S. Bank Cash Rewards Visa Card that earns 1% cash back on all net purchases, but does not offer the 5% and 2% Cash+ Categories or the $25 Cash+ Bonus once per calendar year.

Re: You're approved! ... Sort of.

Anonymous — Sat, 18 Jan 2014 04:43:10 GMT

Is this card still only really possible to sign up for at an actual physical branch? Also, what is the average credit score that even gets the Cash Plus card?

Re: You're approved! ... Sort of.

sr383 — Sat, 18 Jan 2014 06:08:21 GMT

@Themanwhocan wrote:
Good luck. Once you have the cash+, you can start planning how your going to obtain the new US Bank Amex card they will be releasing in the Fall.

It will be interesting to see the terms. Like you, I tend to chase cash back rather than mileage and points. (Wish I'd discovered the Priceline card before it was too late.)

Re: You're approved! ... Sort of.

efranklin23 — Sat, 18 Jan 2014 09:57:21 GMT

@Anonymous wrote:
it should be a HP.
try calling their backdoor number tomorrow. they're generally pretty quick about processing apps and CLI requests.

+1 I think your app is definitely getting a manual review. Call the backdoor as soon as the oofice opens and ask for 500 increase if possible (I hear US Bank is very conservative)

Re: You're approved! ... Sort of.

Repo-ed — Sat, 18 Jan 2014 10:57:59 GMT

@Anonymous wrote:
Is this card still only really possible to sign up for at an actual physical branch? Also, what is the average credit score that even gets the Cash Plus card?

I believe so

Re: You're approved! ... Sort of.

Anonymous — Sat, 18 Jan 2014 11:41:04 GMT

As was already stated, you need a recon. Two points I have read is that US Bank likes $30K for income and five years credit experience (that said there have been comments that seem to contradict this). Good luck. My app for this card was with a pre-approved offer which I took to a branch where it took two days for approval (manual review) then my only credit line increase was after one year by telephone with a soft pull.

Re: You're approved! ... Sort of.

Themanwhocan — Sat, 18 Jan 2014 19:24:51 GMT

@Anonymous wrote:
As was already stated, you need a recon. Two points I have read is that US Bank likes $30K for income and five years credit experience (that said there have been comments that seem to contradict this). Good luck. My app for this card was with a pre-approved offer which I took to a branch where it took two days for approval (manual review) then my only credit line increase was after one year by telephone with a soft pull.

I think its $30K income and 5 credit cards. At least, thats how I heard in on myfico half a year ago.

When I PC'd a card to the Cash+, my oldest card was 1.5 years old (and closed). My oldest active card was 6 months old, and it was the card being PC'd to cash+. AAoA was 6 months.

Re: You're approved! ... Sort of.

Anonymous — Sat, 18 Jan 2014 20:13:49 GMT

Themanwhocan - yes I find the info confusing. Well could be five cards not five years.

Re: You're approved! ... Sort of.

sr383 — Fri, 24 Jan 2014 16:51:18 GMT

Time for an update:

I called Saturday, as advised, and was told that the "the account is too new for a CS upgrade, but ..." >click< Line goes dead. That's why I pay extra for Verizon.

Anyway, it wasn't convenient to call back immediately (I was at a store, at the time), so I waited about 15 minutes ... by which time, the offices were closed for the holiday weekend.

Well, Tuesday morning I was told that they could request a credit line increase but that it would cost me a hard pull. At that point, I was on a mission, so I told 'em to go ahead. I was told that a decision woould be made by EOD Thursday and that I should call back this morning.

I called back this morning, and they said that I had been bumped up to $5,500. Great! Let's PC this to a Cash+. ... awkward silence. "Um, we can't change one card to another--that's a whole separate process." (As if anyone would have any use for a Cash Rewards card if they've got a Cash+.)

Lots of questions to colleagues, and I was finally transferred to cardmember services, who asked me what categories I wanted to start with and advised me that I should destroy my current card and to look for the Cash+ in 7-10 days.

Which means they've really upgraded me or they're giving me the bum's rush.

Discover (3 weeks ago)

- Instant approval

- $10,000

- Send us your bills, and we'll pay 'em and won't charge you interest for 14 months

US Bank (September)

- Thanks for routing your paychecks straight to us. Here's $4,500 on a card you'll seldom use -- now, go away

- You again? I thought I wouldn't see your face for at least six months.

- Alright. We'll make it $5,500

- You're still here? Somebody give this guy a Cash+. He's becoming annoying.

Re: You're approved! ... Sort of.

Al209 — Fri, 24 Jan 2014 23:43:50 GMT

When I applied for the Cash+ back in November, I was denied because they couldn't give a high enough credit limit (2.1K). I only had one other credit card at the time (Discover IT, 5 months old), After talking with someone in person, she thought it was mainly due to my income (~10k) to student debt (~30k) ratio. I don't think it really matters how many cards you currently have. My score was also somewhat high around 720 though.

Re: You're approved! ... Sort of.

Anonymous — Sat, 25 Jan 2014 00:07:45 GMT

Congrats on your recon and CLI and Cash+. Glad you stuck to it. There are CLIs with US Bank that are SPs too.

Re: You're approved! ... Sort of.

sr383 — Fri, 31 Jan 2014 23:33:38 GMT

My initial rejection letter for my CLI request didn't quote a score or name a bureau, so it seems to have been a soft pull. The recon was a hard pull.

The card arrived today, so now, everything in my wallet is actually useful.

Re: You're approved! ... Sort of.

Anonymous — Fri, 31 Jan 2014 23:36:24 GMT

@sr383 wrote:
Time for an update:

I called Saturday, as advised, and was told that the "the account is too new for a CS upgrade, but ..." >click< Line goes dead. That's why I pay extra for Verizon.

Anyway, it wasn't convenient to call back immediately (I was at a store, at the time), so I waited about 15 minutes ... by which time, the offices were closed for the holiday weekend.

Well, Tuesday morning I was told that they could request a credit line increase but that it would cost me a hard pull. At that point, I was on a mission, so I told 'em to go ahead. I was told that a decision woould be made by EOD Thursday and that I should call back this morning.

I called back this morning, and they said that I had been bumped up to $5,500. Great! Let's PC this to a Cash+. ... awkward silence. "Um, we can't change one card to another--that's a whole separate process." (As if anyone would have any use for a Cash Rewards card if they've got a Cash+.)

Lots of questions to colleagues, and I was finally transferred to cardmember services, who asked me what categories I wanted to start with and advised me that I should destroy my current card and to look for the Cash+ in 7-10 days.

Which means they've really upgraded me or they're giving me the bum's rush.

Discover (3 weeks ago)
- Instant approval
- $10,000
- Send us your bills, and we'll pay 'em and won't charge you interest for 14 months

US Bank (September)
- Thanks for routing your paychecks straight to us. Here's $4,500 on a card you'll seldom use -- now, go away
- You again? I thought I wouldn't see your face for at least six months.
- Alright. We'll make it $5,500
- You're still here? Somebody give this guy a Cash+. He's becoming annoying.

The high lighted part literally made me LOL

Re: You're approved! ... Sort of.

Anonymous — Sat, 01 Feb 2014 02:28:32 GMT

@Anonymous wrote:
@sr383 wrote:
Time for an update:

I called Saturday, as advised, and was told that the "the account is too new for a CS upgrade, but ..." >click< Line goes dead. That's why I pay extra for Verizon.

Anyway, it wasn't convenient to call back immediately (I was at a store, at the time), so I waited about 15 minutes ... by which time, the offices were closed for the holiday weekend.

Well, Tuesday morning I was told that they could request a credit line increase but that it would cost me a hard pull. At that point, I was on a mission, so I told 'em to go ahead. I was told that a decision woould be made by EOD Thursday and that I should call back this morning.

I called back this morning, and they said that I had been bumped up to $5,500. Great! Let's PC this to a Cash+. ... awkward silence. "Um, we can't change one card to another--that's a whole separate process." (As if anyone would have any use for a Cash Rewards card if they've got a Cash+.)

Lots of questions to colleagues, and I was finally transferred to cardmember services, who asked me what categories I wanted to start with and advised me that I should destroy my current card and to look for the Cash+ in 7-10 days.

Which means they've really upgraded me or they're giving me the bum's rush.

Discover (3 weeks ago)
- Instant approval
- $10,000
- Send us your bills, and we'll pay 'em and won't charge you interest for 14 months

US Bank (September)
- Thanks for routing your paychecks straight to us. Here's $4,500 on a card you'll seldom use -- now, go away
- You again? I thought I wouldn't see your face for at least six months.
- Alright. We'll make it $5,500
- You're still here? Somebody give this guy a Cash+. He's becoming annoying.

The high lighted part literally made me LOL

I actually found the highlighted part quite amusing as well, :. Glad it all worked out for you in the end. As much as I'd like this card as well, my past experience with US Bank leaves much to be desired. I'd rather not go through a repeat.