topic Re: PC from US Bank Platinum to Cash + in Credit Cards

PC from US Bank Platinum to Cash +

Dw4250 — Thu, 10 Apr 2014 17:19:39 GMT

So I am still "in the garden" and plan to be here until 2015. I figure I may as well use this time to plan future apps...

Thanks to the advice I received on this board, I tailored my app spree to get the cards that best suit my current lifestlye. And I am loving my current lineup of cards! There really aren't any cards out there I want...except for the US Bank Cash +

I would love to upgrade my US Bank Platinum to the Cash + at some point. The Platinum is my lowest CL ($1K) and offers no rewards. I got it by "graduating" from the USB secured card to Platinum, therefore I was not offered the 12 month introductory 0%. I can't even use it as a BT card. I barely use it, and was tempted to cancel it all together, but am hoping it's possible to upgrade to the Cash + card (once my one remaining baddie falls off next year).

Has anyone been able to successfully PC from Platinum to Cash+? Will USB want me to have an "intermediate" card first (i.e. Cash Rewards)?

Re: PC from US Bank Platinum to Cash +

Themanwhocan — Thu, 10 Apr 2014 17:22:40 GMT

Quite a few people have PC'd the Platinum into a Cash+. You do need to get the credit limit up to $5000 first.

Re: PC from US Bank Platinum to Cash +

Dw4250 — Thu, 10 Apr 2014 17:34:48 GMT

@Themanwhocan wrote:
Quite a few people have PC'd the Platinum into a Cash+. You do need to get the credit limit up to $5000 first.

Thx Themanwhocan!

Do you mean I need to have a >$5000 CL with any of my cards, or I need a $5000+ CL specifcally the US Bank Platinum? Also, do you know if requesting a CLI with USB is a HP or SP?

Re: PC from US Bank Platinum to Cash +

newUser0 — Thu, 10 Apr 2014 17:38:51 GMT

I have been turned down for a PC to ANY card, not just cash+.

Even, my card has 1K CL. Personally, just make sure, they will PC after you request a CLI to bump for 5K. Or else, it would be a waste of HP

Re: PC from US Bank Platinum to Cash +

coldnmn — Thu, 10 Apr 2014 17:44:37 GMT

@Dw4250 wrote:
@Themanwhocan wrote:
Quite a few people have PC'd the Platinum into a Cash+. You do need to get the credit limit up to $5000 first.
Thx Themanwhocan!

Do you mean I need to have a >$5000 CL with any of my cards, or I need a $5000+ CL specifcally the US Bank Platinum? Also, do you know if requesting a CLI with USB is a HP or SP?

The Platinum has to have a $5000 CL I'm pretty sure it's a HP for a CLI.

Re: PC from US Bank Platinum to Cash +

CreditExpressNJ — Thu, 10 Apr 2014 17:46:19 GMT

I just got my USB Platinum to $5k just as of yesterday so i'm hoping a few more months from now I am able to PC it to the Cash+ ... I'll be creeeping on a year with the card this July...

Re: PC from US Bank Platinum to Cash +

coldnmn — Thu, 10 Apr 2014 17:47:42 GMT

@shaun2009 wrote:
I just got my USB Platinum to $5k just as of yesterday so i'm hoping a few more months from now I am able to PC it to the Cash+ ... I'll be creeeping on a year with the card this July...

For best chance wait until after one year.

Re: PC from US Bank Platinum to Cash +

newUser0 — Thu, 10 Apr 2014 17:48:01 GMT

Was this HP?

Which CR they pull? How many HP you had there?

Re: PC from US Bank Platinum to Cash +

Dw4250 — Thu, 10 Apr 2014 17:58:56 GMT

@coldnmn wrote:
The Platinum has to have a $5000 CL I'm pretty sure it's a HP for a CLI.

Since I have several $5000+ CL's with other cards, I wonder if it would be better just to app for the Cash + independently (instead of trying to PC)? The AAofA hit would be pretty small (the platinum is only 2 years old).

I'd hate to take a HP for a card I don't even want, just so I can later take another HP when PCing it to Cash +.

Re: PC from US Bank Platinum to Cash +

dodgerslv — Thu, 10 Apr 2014 18:02:32 GMT

I agree, I had my flex select for 11 months with a 4.5k limit...I called and said I have no offer for upgrade to travel rewards. CSR recommended to apply for it at the branch..just afraid I may get stuck with a second select rewards visa.

Re: PC from US Bank Platinum to Cash +

dodgerslv — Thu, 10 Apr 2014 18:04:55 GMT

Re: PC from US Bank Platinum to Cash +

coldnmn — Thu, 10 Apr 2014 18:31:22 GMT

@Dw4250 wrote:
@coldnmn wrote:
The Platinum has to have a $5000 CL I'm pretty sure it's a HP for a CLI.
Since I have several $5000+ CL's with other cards, I wonder if it would be better just to app for the Cash + independently (instead of trying to PC)? The AAofA hit would be pretty small (the platinum is only 2 years old).

I'd hate to take a HP for a card I don't even want, just so I can later take another HP when PCing it to Cash +.

Mine was a SP and took less then 5 minutes to complete. I PC from FlexPerks Select.

edit: I tried to Pc Ace Rewards they wouldn't PC co-branded cards.

Re: PC from US Bank Platinum to Cash +

Dw4250 — Thu, 10 Apr 2014 18:40:46 GMT

@coldnmn wrote:
@Dw4250 wrote:
@coldnmn wrote:
Mine was a SP and took less then 5 minutes to complete. I PC from FlexPerks Select.

edit: I tried to Pc Ace Rewards they wouldn't PC co-branded cards.

So they don't HP for product changes (as long as it's not co-branded). Good to know...thanks!

Re: PC from US Bank Platinum to Cash +

newUser0 — Thu, 10 Apr 2014 18:43:29 GMT

Who does HP for PC?

Re: PC from US Bank Platinum to Cash +

Themanwhocan — Thu, 10 Apr 2014 19:39:39 GMT

@Dw4250 wrote:
@coldnmn wrote:
@Dw4250 wrote:
@coldnmn wrote:
Mine was a SP and took less then 5 minutes to complete. I PC from FlexPerks Select.

edit: I tried to Pc Ace Rewards they wouldn't PC co-branded cards.
So they don't HP for product changes (as long as it's not co-branded). Good to know...thanks!

Right, the card needs at least a $5000 credit limit, and then you maybe able to PC to cash+, its a SP either way. They have to have reviewed your account first and approved a potential PC first.

Re: PC from US Bank Platinum to Cash +

cobbson — Sun, 25 May 2014 17:25:24 GMT

@Dw4250 wrote:
So I am still "in the garden" and plan to be here until 2015. I figure I may as well use this time to plan future apps...

Thanks to the advice I received on this board, I tailored my app spree to get the cards that best suit my current lifestlye. And I am loving my current lineup of cards! There really aren't any cards out there I want...except for the US Bank Cash +

I would love to upgrade my US Bank Platinum to the Cash + at some point. The Platinum is my lowest CL ($1K) and offers no rewards. I got it by "graduating" from the USB secured card to Platinum, therefore I was not offered the 12 month introductory 0%. I can't even use it as a BT card. I barely use it, and was tempted to cancel it all together, but am hoping it's possible to upgrade to the Cash + card (once my one remaining baddie falls off next year).

Has anyone been able to successfully PC from Platinum to Cash+? Will USB want me to have an "intermediate" card first (i.e. Cash Rewards)?

It's amazing how you can, more often than not, find the answer to your specific question here on myFICO forums. These boards, and the people that contribute to them, are fantastic. Kudos to all!