Caution with US Bank CLI's, not always SP's

[805orbust]

Those guys really annoy me. Been with them for 6 years, never even asked, when I did, they said I was "already being considered for an increase."  Couldn't get them to give a straight answer, then last fall, a laughable limit on the Platinum.  Done. 

And they came at me to move 2 of my businesses over... weird bank.  They did call the Mrs and I and offered what I thought was a great mortgage plan to build our next home, I just don't trust them.  

[ccquest]

I've had my Altitude Go for 2 years and 9 months now, each time I try for a CLI I get the alerts that a HP was attempted and failed. When I finally unfroze and tried again, I got a $1k increase to my $5k starting balance -.-

Even Wells Fargo has been better about CLIs than them but I also don't spend too much on it in a given month, it's mostly just for dining and my Youtube Premium sub.

[PullingMeSoftly]

So my cli request ended up being a denial. Just got word back from recon, it's a no go

Reason cited is for newly opened accounts (I'm at 0/6 and 4/12 at the moment, and I've been a checking account customer for 4 years). This is an interesting self data-point, as all prior requests on my GO and Cash+ before this were SP's and were granted when I've had the same number of rolling new accounts throughout the past few years.

The takeaways:

• Be frozen when you do a request, seeing some recent unpredicatable results, with my own DP's being mixed and a prior SP 7-month pattern no longer applicable.
• New accounts may affect cli success, similar to opening new US Bank accounts.
• While the reason wasn't given in this case, I still suspect total exposure to have something to do with this outcome.

[Traveler101]

Thank you for the data points. We are similar in score, tu 796. I have had the connect for 8 months now. I'm waiting for the 6th statement to generate, perhaps tomorrow. I am 1/6..3/12..3/24. Next oldest is 37 months old. Checking with them for 8 months now. I keep getting blank checks from them for a balance transfer offer. 

I deliberately let 5300.00 bal show on other cards. My limit with usb, 5000.00. I ve already paid off other cards but not reflected in current reports. I'm kind of baiting the field and see ifi can get a positive outcome. Will try again in few days once I see statement.

Definitely a funky bank. They approved me for 5k. At the time of approval my last opened cc they could see was almost 2.5 years. 2 inq on tu.

I had been approved by amex for 32,600 prior and approved for first tech after for 25,000. Both using ex with more inq and a fico8 of 740 roughly due to a bk that was shown. 

I've said it before. While scores, income, dti, uti can all be in play, you also have to consider the lender. 

Sorry for your denial. This random sp, hp has me baffled. I'm wondering if it's something internal, that they code accounts.

[Aim_High]

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@PullingMeSoftly wrote:

 ... Reason cited is for newly opened accounts (I'm at 0/6 and 4/12 at the moment ...)

•  ...  I still suspect total exposure to have something to do with this outcome.

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I think you're correct, @PullingMeSoftly.  They had to cite some reason for the decline.  Yes, they are new account sensitive and 4/12 is "My FICO'er's GONE WILD"  excessive credit-seeking to them.    But based on other member reports, it sounds like you'd be approaching maximum exposure with them unless you're regularly using a lot of that existing credit line.  (Out of curiosity and for data points, about how much monthly spend does US Bank get from you on-average across all cards?) 

[Aim_High]

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@Traveler101 wrote:
 ... While scores, income, dti, uti can all be in play, you also have to consider the lender. 

 ... This random sp, hp has me baffled.

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Absolutely correct about different expectations with different lenders, @Traveler101, regardless of profile to a large degree. 

The HP-SP isn't unique to US Bank, however.  Wells Fargo does something similar and for some reason, I'm in the HP-requested camp with them so I've never gotten one on my Cash Wise.  Not worth it to me at this time.  And CITI does something similar too.  You can accept the small regular SP but they will do a HP to try for something higher.  I think there are other examples also.

[PullingMeSoftly]

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@Aim_High wrote:

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@PullingMeSoftly wrote:

 ... Reason cited is for newly opened accounts (I'm at 0/6 and 4/12 at the moment ...)

•  ...  I still suspect total exposure to have something to do with this outcome.

---

I think you're correct, @PullingMeSoftly.  They had to cite some reason for the decline.  Yes, they are new account sensitive and 4/12 is "My FICO'er's GONE WILD"  excessive credit-seeking to them.    But based on other member reports, it sounds like you'd be approaching maximum exposure with them unless you're regularly using a lot of that existing credit line.  (Out of curiosity and for data points, about how much monthly spend does US Bank get from you on-average across all cards?) 

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Haha you got it my friend @Aim_High   While I've given them a perpetual denial reason by living in the world of MyFICO'ers Gone Wild, it totally makes sense that I've tapped out. And to that point, I just received the official denial letter: 1) Too many new accounts, and........2) Maximum amount of unsecured credit reached...bingo! 

Spend on GO, Connect, and Cash+ has been roughly $500/month on each. Fidelity has been varied from $50-$1k/month.

It should be noted that US Bank includes Elan accounts in total exposure, so for anyone considering multiple Max Cash's and Cash+'s, eventually the sum total may result in HP's for cli requests and/or generally lower limits for newer accounts.