cancel
Showing results for 
Search instead for 
Did you mean: 

US Bank Business Leverage Approval

tag
celestiz
Member

US Bank Business Leverage Approval

Last week I applied for the US Bank Business Leverage card, and received the 7-10 message. I called them after one day to check on the status, and I was told they were still reviewing the application. I decided to open a business bank account with them in hopes that it would show I wanted to build a relationship with them. I opened it under my L3C's EIN, and submitted all my organizational documents.  This afternoon, I received notification that I was approved for a $3,000 limit. It isn't much, but my Experian FICO 8 is only a 645 and my Transunion Fico 8 is only 661, so once my credit improves, I hope to get a higher limit. After today, I am in the garden for the next 18 months.

 

side note: I settled one of my medical collections today, so I only have one more medical collection, and once I settle that, I will have a decent credit profile. I do have two settled Cap1 charges-offs from 2017 that will fall off next year, so once those fall off, I should have a score in the low to mid 700's, at that time I will apply for one of the Chase Ink cards.

Message 1 of 5
4 REPLIES 4
JoeRockhead
Senior Contributor

Re: US Bank Business Leverage Approval

Nice SL, congratulations on your new approval! 

Message 2 of 5
SouthJamaica
Mega Contributor

Re: US Bank Business Leverage Approval


@celestiz wrote:

Last week I applied for the US Bank Business Leverage card, and received the 7-10 message. I called them after one day to check on the status, and I was told they were still reviewing the application. I decided to open a business bank account with them in hopes that it would show I wanted to build a relationship with them. I opened it under my L3C's EIN, and submitted all my organizational documents.  This afternoon, I received notification that I was approved for a $3,000 limit. It isn't much, but my Experian FICO 8 is only a 645 and my Transunion Fico 8 is only 661, so once my credit improves, I hope to get a higher limit. After today, I am in the garden for the next 18 months.

 

side note: I settled one of my medical collections today, so I only have one more medical collection, and once I settle that, I will have a decent credit profile. I do have two settled Cap1 charges-offs from 2017 that will fall off next year, so once those fall off, I should have a score in the low to mid 700's, at that time I will apply for one of the Chase Ink cards.


Congratulations on the approval. Looks like a very useful card.


Total revolving limits 569520 (505320 reporting) FICO 8: EQ 689 TU 684 EX 685




Message 3 of 5
cashorcharge
Community Leader
Super Contributor

Re: US Bank Business Leverage Approval

WooHoo!! Congratulations on your USBank Approval!!👏🏼🍾🥂

Message 4 of 5
hackersmovie
Contributor

Re: US Bank Business Leverage Approval

Congrats! You can always build up that CL over time. The hard part is over, getting approved Smiley Very Happy

Personal Cards: Total CL $88,700


Business Cards: Total CL $43,800


FICO 8: Equifax - 686 / Transunion - 727 / Experian - 678
FICO 9: Equifax - 659 / Transunion - 776 / Experian - 673
Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.