3-Card App Spree - Need some solid advice

[Anonymous]

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@Taurus22 wrote:

You know, that was honestly my same thought process, as checking accounts generally use SP by banks. And it made no sense why they would have the credit card tied together with the checking account if you had to "build a relationship" with the bank.

But I was basing that off the conversation I had with her. Maybe she was incompetent?

I have read, however, if you do go the checking acct/with credit app combo, they will NOT allow checking account with Sage/ARS on ice. But then, the credit card app solo works better with them on ice.  So not sure how that all ties together. The Cash+ card is so sexy....why does US bank have to be such a PITA.

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Honestly I think best practice is to pull those reports and make sure the info is correct before applying rather than freezing them and trying to manipulate the outcome of the app. It’s backfired before and it makes sense if you think about it — what is it that you’re trying to hide from them?

US Bank got hit hard by the recession... I was one of their 2006 credit customers that had to burn them in 2010 for crap that happened in 2009. It’s understandable that they are tighter with their lending practices now. 

[Taurus22]

@Saeren

That's a good point. Since I only have a 6 year pristine credit history, surely there can't be anything negative. But when you read these posts about people being denied due to:

Lack of time at current residence - when they lived there 11+ years...

Lack of history with a particular phone provider - when they've been with one provider over 20 years...

or Lack of sufficient credit history - when they've had 22 years of credit history with 800 FICO, etc

...and US Bank actually uses and puts stock into these information resources.

It's scary for one thing....and flawed for another. And denies worthy people due to inaccuracies.

[Anonymous]

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@Taurus22 wrote:

@Saeren

That's a good point. Since I only have a 6 year pristine credit history, surely there can't be anything negative. But when you read these posts about people being denied due to:

Lack of time at current residence - when they lived there 11+ years...

Lack of history with a particular phone provider - when they've been with one provider over 20 years...

or Lack of sufficient credit history - when they've had 22 years of credit history with 800 FICO, etc

...and US Bank actually uses and puts stock into these information resources.

It's scary for one thing....and flawed for another. And denies worthy people due to inaccuracies.

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Well there have been far more approvals lately than denials so maybe their dependence on those alternate sources has lightened up. Most of the denials that have happened were successfully recon’d. 

Obviously its up to you. I think the best way to go is Gold checking with all bureaus unfrozen and that’s the way I intend to apply when my EX (they pull EX here) hits 700-720 either this year or next. 

[Anonymous]

I would recommend paying five dollars to sign up for Experian to have that covered. Sometimes they don’t pull the app immediately when you deal with banks that do manual reviews frequently like US Bank.

Absolutely if you have a prequalification use it it gives an advantage

[Anonymous]

@Taurus: No, go for it now. I meant do it after midnight so that it’s done on the second not the first.

And I say go for the combo with US Bank. I’m sitting here waiting to hear back from you I bet you succeed with Chase and Barclays and then I’ll bet you get one more

[Anonymous]

You are worrying way too much. If you were to get denied because ARS was on ice you could fix it and get it re-conned. You said your file is pristine so don’t sweat it, go for it! Come on I’m waiting on hearing about your approvals !

[Anonymous]

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@Anonymous wrote:
I would recommend paying five dollars to sign up for Experian to have that covered. Sometimes they don’t pull the app immediately when you deal with banks that do manual reviews frequently like US Bank.

Absolutely if you have a prequalification use it it gives an advantage

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If you download the Experian app, you can get a free 7 day trial of CreditWorks Premium by just selecting credit reports and picking Equifax or TransUnion. 

The monthly charge goes from $24.95 signed up through the website down to $19.95 signed up on the app if you actually decide to keep it too. 

I use the app because CreditWorks Basic comes with free monthly EX FICO8 and monitoring (with free refreshes when you get an alert like I did today when some accounts showed paid). 

[LittleSal]

US Bank pulled EQ on me for new app. I’m in Midwest.

Citi likes to HP both EX & EQ

[Anonymous]

@Taurus22

Thanks for the welcome! Sure, I'll keep you posted. I left my SageStream and ARS open. I figured they should be relatively clean, so I didn't bother with it. I probably should have checked them before though. Also, I completely spaced about the gold checking at US Bank, I'd follow the advice laid out earlier in the thread. I *think* I have a decent chance at the card, but I did just open a WF Propel after closing my old college plat as a "PC" (was stupid, didn't realize until after), opened a USAA Cashback rewards plus, opened a PPCBMC and closed both of my Cap1 cards since they were bucketed (also dumb, but that was before I found these forums). I also opened the DU Visa on a whim for sporting goods stores. I'll get the data point to you once I find out the result.
@Birdman7
Thanks for the welcome!
***Edited to reflect recent approvals***

[Anonymous]

Also, just FWIW, I did have a prequal for the cash+. I app'd after I saw that.