topic Re: US Bank Cash+ questions in Credit Cards

US Bank Cash+ questions

Ghoshida — Tue, 11 Nov 2014 18:58:58 GMT

So, I've got a few cards about how this card works.

First, they reported to bureaus even before the card came to me. No problem. It's being reported as opened almost a month before I actually did so.

On my reports, they put $8,500 (confirmed with CSR and also the welcome package). The TU report says it's a "Flexible Spending Credit Card".

(1) Just to be clear, that means I can spend above $8,500 but then my min payment will include the overage, right? (It'll be one heck of a large purchase, and given it's not my travel card, I doubt that'll be happening.)

They are not reporting my limit on either the online portal or the mobile app; and on Mint they're showing some weird $5,948 available credit. I've only bought about $50 worth of restaurant / fast food on it.

(2) Does the same thing happen to others? It it because it's a "Flexible spending credit card"? Weird because the CSP is signature too (my only other V/S) but it doesn't do these things.

I didn't come across any bonus offers etc. on the Cash+. All I know is that there's the 2%/5%/5% categories and I've put drugstore/restaurant/fastfood in that order.

(3) Am I missing any bonus earning opportunities? Adding AU, for e.g.? I don't recall the phone lady saying anything, but this forum is filled with tricks

Re: US Bank Cash+ questions

Anonymous — Tue, 11 Nov 2014 19:04:47 GMT

@Ghoshida wrote:
So, I've got a few cards about how this card works.

First, they reported to bureaus even before the card came to me. No problem. It's being reported as opened almost a month before I actually did so.

On my reports, they put $8,500 (confirmed with CSR and also the welcome package). The TU report says it's a "Flexible Spending Credit Card".

(1) Just to be clear, that means I can spend above $8,500 but then my min payment will include the overage, right? (It'll be one heck of a large purchase, and given it's not my travel card, I doubt that'll be happening.)

They are not reporting my limit on either the online portal or the mobile app; and on Mint they're showing some weird $5,948 available credit. I've only bought about $50 worth of restaurant / fast food on it.

(2) Does the same thing happen to others? It it because it's a "Flexible spending credit card"? Weird because the CSP is signature too (my only other V/S) but it doesn't do these things.

I didn't come across any bonus offers etc. on the Cash+. All I know is that there's the 2%/5%/5% categories and I've put drugstore/restaurant/fastfood in that order.

(3) Am I missing any bonus earning opportunities? Adding AU, for e.g.? I don't recall the phone lady saying anything, but this forum is filled with tricks

US Bank doesn't report the CL on the website (which is where MINT would get it), only on the statement. Don't know why you get the avaiable credit figure unless you see that on the site as well.

Flexible Spending means that they MAY authorize a charge that takes you above the CL (and usually will for small overages). Then, as you say, the minimum will include the amount over the CL.

I don't recall sign up offers for the Cash + (you are meant to be so grateful just to get it!). Remember the yearly $25 bonus if you redeem $100 or more.

Re: US Bank Cash+ questions

Ghoshida — Tue, 11 Nov 2014 19:15:37 GMT

@Anonymous wrote:
@Ghoshida wrote:
So, I've got a few cards about how this card works.

First, they reported to bureaus even before the card came to me. No problem. It's being reported as opened almost a month before I actually did so.

On my reports, they put $8,500 (confirmed with CSR and also the welcome package). The TU report says it's a "Flexible Spending Credit Card".

(1) Just to be clear, that means I can spend above $8,500 but then my min payment will include the overage, right? (It'll be one heck of a large purchase, and given it's not my travel card, I doubt that'll be happening.)

They are not reporting my limit on either the online portal or the mobile app; and on Mint they're showing some weird $5,948 available credit. I've only bought about $50 worth of restaurant / fast food on it.

(2) Does the same thing happen to others? It it because it's a "Flexible spending credit card"? Weird because the CSP is signature too (my only other V/S) but it doesn't do these things.

I didn't come across any bonus offers etc. on the Cash+. All I know is that there's the 2%/5%/5% categories and I've put drugstore/restaurant/fastfood in that order.

(3) Am I missing any bonus earning opportunities? Adding AU, for e.g.? I don't recall the phone lady saying anything, but this forum is filled with tricks
US Bank doesn't report the CL on the website (which is where MINT would get it), only on the statement. Don't know why you get the avaiable credit figure unless you see that on the site as well.

Flexible Spending means that they MAY authorize a charge that takes you above the CL (and usually will for small overages). Then, as you say, the minimum will include the amount over the CL.

I don't recall sign up offers for the Cash + (you are meant to be so grateful just to get it!). Remember the yearly $25 bonus if you redeem $100 or more.

Hehe. Yeah, I'm grateful for getting it (waited 7 business days to hear about the confirmation and another week to get the physical card). I must thank Wade who posted the number to call (the first one that I saw).

I don't know what Mint is doing; I'm having trouble signing up for their free EQ Vantagescore; the interface always fails to verify me I've been writing back and forth to them about this, but that's another story.

So about Cash+, when do rewards show up?

I will remember to redeem once I reach $100 (but given all the nerfing news, it might take me a while to get there).

Also, how's US Bank with Cash+ CLI? Auto, HP, SP etc? I know they do SP CLIs on their REI using TU 04 Bankcard Enhanced.

Re: US Bank Cash+ questions

Anonymous — Fri, 14 Nov 2014 04:09:38 GMT

@Ghoshida wrote:
@Anonymous wrote:
@Ghoshida wrote:
So, I've got a few cards about how this card works.

First, they reported to bureaus even before the card came to me. No problem. It's being reported as opened almost a month before I actually did so.

On my reports, they put $8,500 (confirmed with CSR and also the welcome package). The TU report says it's a "Flexible Spending Credit Card".

(1) Just to be clear, that means I can spend above $8,500 but then my min payment will include the overage, right? (It'll be one heck of a large purchase, and given it's not my travel card, I doubt that'll be happening.)

They are not reporting my limit on either the online portal or the mobile app; and on Mint they're showing some weird $5,948 available credit. I've only bought about $50 worth of restaurant / fast food on it.

(2) Does the same thing happen to others? It it because it's a "Flexible spending credit card"? Weird because the CSP is signature too (my only other V/S) but it doesn't do these things.

I didn't come across any bonus offers etc. on the Cash+. All I know is that there's the 2%/5%/5% categories and I've put drugstore/restaurant/fastfood in that order.

(3) Am I missing any bonus earning opportunities? Adding AU, for e.g.? I don't recall the phone lady saying anything, but this forum is filled with tricks
US Bank doesn't report the CL on the website (which is where MINT would get it), only on the statement. Don't know why you get the avaiable credit figure unless you see that on the site as well.

Flexible Spending means that they MAY authorize a charge that takes you above the CL (and usually will for small overages). Then, as you say, the minimum will include the amount over the CL.

I don't recall sign up offers for the Cash + (you are meant to be so grateful just to get it!). Remember the yearly $25 bonus if you redeem $100 or more.
Hehe. Yeah, I'm grateful for getting it (waited 7 business days to hear about the confirmation and another week to get the physical card). I must thank Wade who posted the number to call (the first one that I saw).

I don't know what Mint is doing; I'm having trouble signing up for their free EQ Vantagescore; the interface always fails to verify me I've been writing back and forth to them about this, but that's another story.

So about Cash+, when do rewards show up?
I will remember to redeem once I reach $100 (but given all the nerfing news, it might take me a while to get there).

Also, how's US Bank with Cash+ CLI? Auto, HP, SP etc? I know they do SP CLIs on their REI using TU 04 Bankcard Enhanced.

What is the number you called to apply? I don't live near a branch at all but want the card. Thanks!

Re: US Bank Cash+ questions

Involver — Fri, 14 Nov 2014 04:15:31 GMT

Also be mindful that they report the balance at month end, not the statement balance.

So, if you're being tidy with how things report, PIF before the last day of the month.

Re: US Bank Cash+ questions

uswala — Fri, 14 Nov 2014 04:44:34 GMT

@Anonymous wrote:

What is the number you called to apply? I don't live near a branch at all but want the card. Thanks!

Try 1800-285-8585. If some issue than you can try 1800-277-3700

Re: US Bank Cash+ questions

-Wade- — Fri, 14 Nov 2014 04:45:02 GMT

@Anonymous wrote:
@Ghoshida wrote:
@Anonymous wrote:
@Ghoshida wrote:
So, I've got a few cards about how this card works.

First, they reported to bureaus even before the card came to me. No problem. It's being reported as opened almost a month before I actually did so.

On my reports, they put $8,500 (confirmed with CSR and also the welcome package). The TU report says it's a "Flexible Spending Credit Card".

(1) Just to be clear, that means I can spend above $8,500 but then my min payment will include the overage, right? (It'll be one heck of a large purchase, and given it's not my travel card, I doubt that'll be happening.)

They are not reporting my limit on either the online portal or the mobile app; and on Mint they're showing some weird $5,948 available credit. I've only bought about $50 worth of restaurant / fast food on it.

(2) Does the same thing happen to others? It it because it's a "Flexible spending credit card"? Weird because the CSP is signature too (my only other V/S) but it doesn't do these things.

I didn't come across any bonus offers etc. on the Cash+. All I know is that there's the 2%/5%/5% categories and I've put drugstore/restaurant/fastfood in that order.

(3) Am I missing any bonus earning opportunities? Adding AU, for e.g.? I don't recall the phone lady saying anything, but this forum is filled with tricks
US Bank doesn't report the CL on the website (which is where MINT would get it), only on the statement. Don't know why you get the avaiable credit figure unless you see that on the site as well.

Flexible Spending means that they MAY authorize a charge that takes you above the CL (and usually will for small overages). Then, as you say, the minimum will include the amount over the CL.

I don't recall sign up offers for the Cash + (you are meant to be so grateful just to get it!). Remember the yearly $25 bonus if you redeem $100 or more.
Hehe. Yeah, I'm grateful for getting it (waited 7 business days to hear about the confirmation and another week to get the physical card). I must thank Wade who posted the number to call (the first one that I saw).

I don't know what Mint is doing; I'm having trouble signing up for their free EQ Vantagescore; the interface always fails to verify me I've been writing back and forth to them about this, but that's another story.

So about Cash+, when do rewards show up?
I will remember to redeem once I reach $100 (but given all the nerfing news, it might take me a while to get there).

Also, how's US Bank with Cash+ CLI? Auto, HP, SP etc? I know they do SP CLIs on their REI using TU 04 Bankcard Enhanced.
What is the number you called to apply? I don't live near a branch at all but want the card. Thanks!

1-800-444-1244 is the # to app

Re: US Bank Cash+ questions

Ghoshida — Fri, 14 Nov 2014 05:19:28 GMT

@-Wade- wrote:
@Anonymous wrote:

What is the number you called to apply? I don't live near a branch at all but want the card. Thanks!
1-800-444-1244 is the # to app

There you go. That's the number that I called in to.

They may not give an instant result; my app was sent in for verification and it took full 7 business days. For app status, call 1-800-947-1444.

Re: US Bank Cash+ questions

Ghoshida — Fri, 14 Nov 2014 05:20:40 GMT

@Involver wrote:
Also be mindful that they report the balance at month end, not the statement balance.

So, if you're being tidy with how things report, PIF before the last day of the month.

Thanks; I knew that from my REI card. I'm going to follow that advice closely.

Re: US Bank Cash+ questions

Ghoshida — Fri, 14 Nov 2014 05:21:26 GMT

Anyhoo, is there a pattern or rule for Cash+ CLI? Not that I need one right now but getting some idea would be good.

Re: US Bank Cash+ questions

Anonymous — Fri, 14 Nov 2014 05:21:53 GMT

Thanks guys for the number.

Re: US Bank Cash+ questions

-Wade- — Fri, 14 Nov 2014 05:28:16 GMT

@Ghoshida wrote:
Anyhoo, is there a pattern or rule for Cash+ CLI? Not that I need one right now but getting some idea would be good.

I have heard the card need to be at lease 8 months old and best over a year to get a CLI

Re: US Bank Cash+ questions

-Wade- — Fri, 14 Nov 2014 06:00:11 GMT

@Ghoshida wrote:
@-Wade- wrote:
@Anonymous wrote:

What is the number you called to apply? I don't live near a branch at all but want the card. Thanks!
1-800-444-1244 is the # to app
There you go. That's the number that I called in to.

They may not give an instant result; my app was sent in for verification and it took full 7 business days. For app status, call 1-800-947-1444.

Yeah you can get ready for a review, my FICO was over 800 when I apped and didn't know until the next day that I was approved

Re: US Bank Cash+ questions

Anonymous — Fri, 14 Nov 2014 06:11:02 GMT

@Anonymous wrote:
Thanks guys for the number.

Its easier to get approved or recon if you apply at a branch with a banker that can call back office and argue for you. Instore branches are ideal for this.

Re: US Bank Cash+ questions

takeshi74 — Fri, 14 Nov 2014 13:20:47 GMT

@Ghoshida wrote:
So about Cash+, when do rewards show up?
I will remember to redeem once I reach $100 (but given all the nerfing news, it might take me a while to get there).

IIRC they show up quickly but they're instantly available for redemption. I think they become available at close but I'm not sure. You can click around in your rewards details to view the rewards you've earned since last statement and the rewards balance available. IIRC restaurants aren't nerfed until 2015.

Re: US Bank Cash+ questions

Ghoshida — Fri, 14 Nov 2014 15:12:58 GMT

@-Wade- wrote:
@Ghoshida wrote:
Anyhoo, is there a pattern or rule for Cash+ CLI? Not that I need one right now but getting some idea would be good.
I have heard the card need to be at lease 8 months old and best over a year to get a CLI

Thanks ! SP / HP experiences? Auto-CLI or customer initiated?

Re: US Bank Cash+ questions

Ghoshida — Fri, 14 Nov 2014 15:15:12 GMT

@-Wade- wrote:
@Ghoshida wrote:
@-Wade- wrote:
@Anonymous wrote:

What is the number you called to apply? I don't live near a branch at all but want the card. Thanks!
1-800-444-1244 is the # to app
There you go. That's the number that I called in to.

They may not give an instant result; my app was sent in for verification and it took full 7 business days. For app status, call 1-800-947-1444.
Yeah you can get ready for a review, my FICO was over 800 when I apped and didn't know until the next day that I was approved

I wasn't that good. I was low 700s but after the CSP approval, was on a high note and applied. The phone lady said the system recommended approval but they needed to still send the app in for "verification". It was there that the app got stuck. Every time I called in (after getting a UW) I was told that the credit department has cleared my app but there was some "verification" needed and they won't tell me what.

Re: US Bank Cash+ questions

FinStar — Fri, 14 Nov 2014 15:16:36 GMT

@Ghoshida wrote:
@-Wade- wrote:
@Ghoshida wrote:
Anyhoo, is there a pattern or rule for Cash+ CLI? Not that I need one right now but getting some idea would be good.
I have heard the card need to be at lease 8 months old and best over a year to get a CLI
Thanks ! SP / HP experiences? Auto-CLI or customer initiated?

Mixed results and YEMV. If your account is pre-qualified for a SP CLI, they will indicate so (sometimes they send out emails if you qualify via this route). Auto-CLIs do occur depending on your account's history, usage and SP information. Otherwise, it's usually HP.

Re: US Bank Cash+ questions

Ghoshida — Fri, 14 Nov 2014 15:17:07 GMT

@takeshi74 wrote:
@Ghoshida wrote:
So about Cash+, when do rewards show up?
I will remember to redeem once I reach $100 (but given all the nerfing news, it might take me a while to get there).

IIRC they show up quickly but they're instantly available for redemption. I think they become available at close but I'm not sure. You can click around in your rewards details to view the rewards you've earned since last statement and the rewards balance available. IIRC restaurants aren't nerfed until 2015.

Thanks Takeshi.

I am checking the online account. The rewards section shows "pending" even a few days after the charges get posted. My REI account always shows on the statement; I'll hold on for a while and see maybe in a week or so it'll get clear.

Re: US Bank Cash+ questions

Ghoshida — Fri, 14 Nov 2014 15:18:45 GMT

@FinStar wrote:
@Ghoshida wrote:
@-Wade- wrote:
@Ghoshida wrote:
Anyhoo, is there a pattern or rule for Cash+ CLI? Not that I need one right now but getting some idea would be good.
I have heard the card need to be at lease 8 months old and best over a year to get a CLI
Thanks ! SP / HP experiences? Auto-CLI or customer initiated?
Mixed results and YEMV. If your account is pre-qualified for a SP CLI, they will indicate so (sometimes they send out emails if you qualify via this route). Auto-CLIs do occur depending on your account's history, usage and SP information. Otherwise, it's usually HP.

Wokay so kinda similar to Chase in that regard. Thanks for the info