topic Re: USBank cash+ chance in Credit Cards

USBank cash+ chance

Kyva — Mon, 07 Jul 2014 22:13:43 GMT

Hi,

I am looking to apply for usbank cash+ signature card, here's my credit profile:

TU Fico 769 from discover

last credit pull - 04/2013 on TU for barclay sallie mae cc.

amex bce

discover it

citi forward

fidelity amex

All of the above has 5k+ limits

barclay sallie mae

chase amazon

chase freedom

The three cards above has less than 5k limits.

AAOA: 2 years 11 months

Newest account: 1 year 3 months

Oldest account: 5 year 9 months

Utilization ratio: about 1%

debt: 10k from student loan

My total credit limit is $43100 (almost half of it from amex bce...)

As a grad student my income is only 30k/year. Given that my total credit limit is about 143% of my income, how likely is it for US bank to approve my app for cash+? What if I get a CLD on AMEX and bring my total credit limit under 94%?

Thank you.

Re: USBank cash+ chance

coldnmn — Mon, 07 Jul 2014 21:59:43 GMT

What is your utilization?

Re: USBank cash+ chance

Kyva — Mon, 07 Jul 2014 22:03:22 GMT

Totally forgot about my utilization ratio, because it is next to nothing.

It fluctuates around 1%, and I never carry balance.

Also, I have 10k student loan debt.

Thank you

Re: USBank cash+ chance

coldnmn — Mon, 07 Jul 2014 22:08:34 GMT

I forgot AAoA and inquires they can be inquiry sensitive and having a bunch of new accounts.

Re: USBank cash+ chance

Kyva — Mon, 07 Jul 2014 22:13:13 GMT

opening post updated

Re: USBank cash+ chance

coldnmn — Mon, 07 Jul 2014 22:25:46 GMT

The minimum income is $30k you may have a fair chance. When I got mine I knew I wouldn't be approved so I applied for the FlexPerks select and product changed at one year. My income is $25k net and they just gave me auto CLIs on both my cards $4k on my Ace rewards and $4.5k on my Cash+. If denied you maybe offered the Cash rewards and hopefully you can PC later. Good Luck if you apply.

Re: USBank cash+ chance

coldnmn — Mon, 07 Jul 2014 22:27:18 GMT

My Credit limits are $58350 with a $25000 net income to answer your other question.