topic Re: Applied for US Bank Cash+, was approved for Cash Rewards - How to work this? in Credit Cards

Applied for US Bank Cash+, was approved for Cash Rewards - How to work this?

Anonymous — Sat, 01 Feb 2014 01:30:09 GMT

The final card in my app spree was me calling in to apply for the US Bank Cash+ card over the phone. They took my application and I called back a couple days later and they informed me that I wasn't approved for it but they approved me for the Cash Rewards card instead. I knew this was likely going in, I know this happens, so this isn't a case where I'm pissed or anything.

Anyway, they sent me the Cash Rewards card with just a $1,500 CL and now I'm not sure what to do.

I obviously still want the Cash+ card. Should I put a couple things, say Netflix and Hulu, on autopay on the Cash Rewards card and have it be automaticly paid off each month? Will that help me chances of getting a CLI and eventually a conversion to the Cash+? What else could I do to make this happen?

How should I work this one guys?

Re: Applied for US Bank Cash+, was approved for Cash Rewards - How to work this?

Themanwhocan — Sat, 01 Feb 2014 01:50:12 GMT

Do you have an income of 30K or more? Do you have 5 or more credit cards?

if so, yes just keep the card and use it until your credit improves enough to warrant $5000 credit limits.

Re: Applied for US Bank Cash+, was approved for Cash Rewards - How to work this?

Anonymous — Sat, 01 Feb 2014 01:45:04 GMT

Yes and yes. My score, as of a statement a few days ago, was 733 (I forget which).

Does it matter if I only use it for $10 or $20 a month or does it only matter that there is at least some sort of activity on the card? I'm certainly not using a 1% rewards card for much of anything else since I have the Discover It, Chase Freedom, Blue Cash Everyday, Quicksilver, and even a Fidelity AMEX.

Re: Applied for US Bank Cash+, was approved for Cash Rewards - How to work this?

coldnmn — Sat, 01 Feb 2014 01:46:14 GMT

Congrats! Thanks for sharing.

Re: Applied for US Bank Cash+, was approved for Cash Rewards - How to work this?

Themanwhocan — Sat, 01 Feb 2014 01:58:14 GMT

@Anonymous wrote:
Yes and yes. My score, as of a statement a few days ago, was 733 (I forget which).

Does it matter if I only use it for $10 or $20 a month or does it only matter that there is at least some sort of activity on the card? I'm certainly not using a 1% rewards card for much of anything else since I have the Discover It, Chase Freedom, Blue Cash Everyday, Quicksilver, and even a Fidelity AMEX.

I suspect you should put 15% or so of the limit on it if you want to show you need an increase. Maybe one month a higher amount to set the high usage mark. Can't hurt.

By the way, check your offers on the BCE occasionally. they offered me a $10 when you spend $20 on Hulu.

Re: Applied for US Bank Cash+, was approved for Cash Rewards - How to work this?

Anonymous — Sat, 01 Feb 2014 04:24:29 GMT

I wouldn't touch US Bank with a 20 ft pole (and someone else's credit)... antique website(optimized for Mosaic 1.2 for Windows 3.1!), their constant habit of nerfing cc rewards( like they've done on the + card and the kroger 0.5-1.0-1.5 card), and their absolute lack of business ethics (their moral priciples are a tad bit higher than bernie Madoff, though).

Do business with US Bank and Caveat emptor...

Re: Applied for US Bank Cash+, was approved for Cash Rewards - How to work this?

Weights — Sat, 01 Feb 2014 02:39:04 GMT

@Anonymous wrote:
I wouldn't touch US Bank with a 20 ft pole (and someone else's credit)... antique website(optimized for Mosaic 1.2 for Windows 3.1!), their constant habit of nerfing cc rewards( like they've done on the + card and the kroger 0.5-1.0-1.5 card), and their absolute lack of business ethics (they're moral priciples are a tad bit higher than bernie Madoff, though).

Do business with US Bank and Caveat emptor...

I don't really want to rain on the OP's parade, but I can't agree with otter69 further after previously banking with tem for 11 years. Long story short, they previously tried to hold me responsible for charges I didn't make. It got worked out in the end, but it was a long and fought out battle.

That said, if you want to stick it out, I'm not sure it really makes a difference whether your spending goes on their card or others. I'm inclined to say that they'd probably be more willing to get you at the $5k mark with use on their card overtime. Just be sure your profile is good when you ask for a CLI, because it'll most likely be a HP.

Re: Applied for US Bank Cash+, was approved for Cash Rewards - How to work this?

myjourney — Sat, 01 Feb 2014 02:58:04 GMT

Congrats OP

Re: Applied for US Bank Cash+, was approved for Cash Rewards - How to work this?

gdale6 — Sat, 01 Feb 2014 03:00:18 GMT

grats on the new card There isnt much you can do until you can qualify for 5k limit as already stated.

Re: Applied for US Bank Cash+, was approved for Cash Rewards - How to work this?

sr383 — Sat, 01 Feb 2014 05:03:42 GMT

They seem to like some profiles better than others. I'm not sure why. Both my Sallie Mae and my Discover started at 10K, which seems a bit higher than average, from what I read. But US Bank started at $4,500, despite the fact that I bank there (or maybe that's why). ;-) I got another $1,000 after 4 months, but I don't know how long a $3,500 boost will take. Good luck to you!

Re: Applied for US Bank Cash+, was approved for Cash Rewards - How to work this?

-Wade- — Sat, 01 Feb 2014 05:18:42 GMT

@Anonymous wrote:
The final card in my app spree was me calling in to apply for the US Bank Cash+ card over the phone. They took my application and I called back a couple days later and they informed me that I wasn't approved for it but they approved me for the Cash Rewards card instead. I knew this was likely going in, I know this happens, so this isn't a case where I'm pissed or anything.

Anyway, they sent me the Cash Rewards card with just a $1,500 CL and now I'm not sure what to do.

I obviously still want the Cash+ card. Should I put a couple things, say Netflix and Hulu, on autopay on the Cash Rewards card and have it be automaticly paid off each month? Will that help me chances of getting a CLI and eventually a conversion to the Cash+? What else could I do to make this happen?

How should I work this one guys?

Congratson your approval I would just it as I would any other card