I applied for the US Bank Shoppers Cash Rewards card Saturday. Instantly got the 7-10 day message that they needed more time to review my application and if more documents are needed they'd contact me by letter. Today I saw online a number to check application status. Called and the rep said it was denied for having too many inquiries. They pulled Equifax which is the bureau where I have the most inquiries. Prior to applying I had 4 in the last 12 months. I thanked the rep and politely ended the call.
After hanging up I didn't like how I left things. So I called back and got a different rep and explained that I was told I was denied for too many inquiries by another rep and could my application possibly be reconsidered based on my relationship with them and my history with my Cash Plus card. They said we can take a look at it. They said well you actually don't have too many inquiries on here. I took that as a good sign.
They said however you got a limit increase on your Cash Rewards card within the last year and that probably is playing a bigger factor in the denial than the inquiries. I got a $5000 limit increase 10 months ago. I volunteered if I reduce the limit on the Cash Plus card would that make a difference? They said that it might. They paused for a moment then said you know what since you're right on the edge I will resubmit this application to be considered again. It should take 2 to 3 days! I confirmed whether I should wait on a letter from them or call back in 3 days. They said it is up to me, I can do either choice and if I don't call back eventually I will get a letter.
I need some positive vibes because I would love to get this card! It would fill the last hole in my card setup (Walmart and Target) where I spend a lot but am only getting 2%. I'm hoping my relationship so far with US Bank for the last 16 months and my positive credit profile is enough to overturn the denial. I always use my Cash Plus each month and pay it in full. I hope to update this thread in a few days with some positive news!
@Jordan23ww wrote:I need some positive vibes because I would love to get this card! It would fill the last hole in my card setup (Walmart and Target) where I spend a lot but am only getting 2%. I'm hoping my relationship so far with US Bank for the last 16 months and my positive credit profile is enough to overturn the denial. I always use my Cash Plus each month and pay it in full. I hope to update this thread in a few days with some positive news!
Sending you positive vibes!
And thanks for the DPs
@SeaProbe wrote:
@Jordan23ww wrote:I need some positive vibes because I would love to get this card! It would fill the last hole in my card setup (Walmart and Target) where I spend a lot but am only getting 2%. I'm hoping my relationship so far with US Bank for the last 16 months and my positive credit profile is enough to overturn the denial. I always use my Cash Plus each month and pay it in full. I hope to update this thread in a few days with some positive news!
Sending you positive vibes!
And thanks for the DPs
@SeaProbe Thank you and you're welcome!
@nytokyobred79 wrote:Wishing you the best with your recon efforts. Sending the good vibes your way. US Bank is on my radar a year from now. Hope you get that 2nd card with them 😊
@nytokyobred79 Thank you! Also best wishes to you when the times for you to apply!
@Jeffster1 wrote:
@Jordan23ww wrote:I applied for the US Bank Shoppers Cash Rewards card Saturday. Instantly got the 7-10 day message that they needed more time to review my application and if more documents are needed they'd contact me by letter. Today I saw online a number to check application status. Called and the rep said it was denied for having too many inquiries. They pulled Equifax which is the bureau where I have the most inquiries. Prior to applying I had 4 in the last 12 months. I thanked the rep and politely ended the call.
After hanging up I didn't like how I left things. So I called back and got a different rep and explained that I was told I was denied for too many inquiries by another rep and could my application possibly be reconsidered based on my relationship with them and my history with my Cash Plus card. They said we can take a look at it. They said well you actually don't have too many inquiries on here. I took that as a good sign.
They said however you got a limit increase on your Cash Rewards card within the last year and that probably is playing a bigger factor in the denial than the inquires. I got a $5000 limit increase 10 months ago. I volunteered if I reduce the limit on the Cash Plus card would that make a difference? They said that it might. They paused for a moment then said you know what since you're right on the edge I will resubmit this application to be considered again. It should take 2 to 3 days! I confirmed whether I should wait on a letter from them or call back in 3 days. They said it is up to me, I can do either choice and if I don't call back eventually I will get a letter.
I need some positive vibes because I would love to get this card! It would fill the last hole in my card setup (Walmart and Target) where I spend a lot but am only getting 2%. I'm hoping my relationship so far with US Bank for the last 16 months and my positive credit profile is enough to overturn the denial. I always use my Cash Plus each month and pay it in full. I hope to update this thread in a few days with some positive news!
Sending good vibes your way. USBank is a relationship bank. You got this.
@Jeffster1 Thank you! I appreciate it!
Just wanted to update this post. So I called on Monday and initiated a manual review. They said it could take 2-3 days. Today is day 2 if you start from Tuesday or day 3 if you include Monday. I called just to confirm it was still under a manual review. The rep checked and confirmed today is day 2 of 3. Said they still have not gotten to it yet but hopefully tomorrow they will be able to get to it. Also said they've had an increase in applications recently so they have been behind schedule and so it's possible it may take longer than 3 days. This was totally fine with me as I breathed a sigh of relief. I still have a chance to have my card approved! Sometimes no news really is good news! 