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US Bank Cash Plus - Chances?

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Regular Contributor

US Bank Cash Plus - Chances?

So I applied for the US Bank Cash Plus yesterday.

 

This morning, I see they pulled my Experian report which was great news since it's my highest score and least inquiries.

 

I called underwriting and they had told me that the system denied my application because of inquiries but when he saw my report he was confused and immediately told me hes going to put the application back for an underwriter to manually review!

 

I only had 2 inquiries total on Experian when they pulled my report (both inquiries in the last 6 months)

 

My Experian Fico score is 754 with 21% Utilization and NO Negatives. 

 

Has anyone had a similar situation? What are my chances?

 

Ill call underwriting regularly and update here!

 

Thanks! Smiley Happy

 

UPDATE* 

 

So... I was denied again! But I asked the rep if I can speak to a senior underwriter..

 

So I waited and the rep asked me how much I'm looking for.

 

I said $5000 and he said they would look at the application again and try to approve me for the limit I need..

 

Ugh, hopefully good news this time! 

 

UPDATE* 3/5/2020

 

WOW!

 

Called Underwriting this morning.

 

The underwriter said they were just about finished with approving the application for the $5000, it just had to go through fraud.

 

I spoke to fraud, got all cleared up and boom $5000 approved! Yay! Thank God for recon!!!

15 REPLIES 15
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Community Leader
Valued Contributor

Re: US Bank Cash Plus - Chances?

Manual review is common and good. How many new apps in past year?

How old is oldest account? Youngest account?

Message 2 of 16
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Regular Contributor

Re: US Bank Cash Plus - Chances?

Hey, only 2 applications in the last year. 2 inquiires total on my Experian file.

 

Oldest account is about 4 Years 3 Months old.

Youngest account was just opened last month. (This was a loan and the only opened account in the last 3 years)

Message 3 of 16
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Valued Contributor

Re: US Bank Cash Plus - Chances?


@montecillo92 wrote:

Hey, only 2 applications in the last year. 2 inquiires total on my Experian file.

 

Oldest account is about 4 Years 3 Months old.

Youngest account was just opened last month. (This was a loan and the only opened account in the last 3 years)


Id say you have a good shot. Conservative UW. New apps aren't bad. GL2U

Message 4 of 16
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Regular Contributor

Re: US Bank Cash Plus - Chances?

Thanks! Keeping my fingers crossed. Hopefully I don't get one of those rumored $500 limits haha

Message 5 of 16
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Regular Contributor

Re: US Bank Cash Plus - Chances?

 


@montecillo92 wrote:

So I applied for the US Bank Cash Plus yesterday.

 

This morning, I see they pulled my Experian report which was great news since it's my highest score and least inquiries.

 

I called underwriting and they had told me that the system denied my application because of inquiries but when he saw my report he was confused and immediately told me hes going to put the application back for an underwriter to manually review!

 

I only had 2 inquiries total on Experian when they pulled my report (both inquiries in the last 6 months)

 

My Experian Fico score is 754 with 21% Utilization and NO Negatives. 

 

Has anyone had a similar situation? What are my chances?

 

Ill call underwriting regularly and update here!

 

Thanks! Smiley Happy

 

Forgive me for highjacking ur thread, but I'm also looking to apply for the US bank+ card in August once my 2 recent cards turn 14 months. ( I have 3 inquiries total: 1 on EX, 2 on Trans). I wanna know if u had to open a bank account with them also to get the card? I don't really want an account with them though just the card. 

Discover: $8100
Cap One QS: $1811
CFU: $4400
PPMC: $10,000
US Bank Cash+: $5000
AAOA: 2 yrs
Experian (fico 8) 787
Transunion (fico 8) 790
Equifax (fico 8) 784
Message 6 of 16
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Super Contributor

Re: US Bank Cash Plus - Chances?

Good luck on your application!
Message 7 of 16
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Regular Contributor

Re: US Bank Cash Plus - Chances?

Thanks!

 

No prior history with US Bank by the way.

Message 8 of 16
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Established Member

Re: US Bank Cash Plus - Chances?


@Fated4Credit wrote:

 


@montecillo92 wrote:

So I applied for the US Bank Cash Plus yesterday.

 

This morning, I see they pulled my Experian report which was great news since it's my highest score and least inquiries.

 

I called underwriting and they had told me that the system denied my application because of inquiries but when he saw my report he was confused and immediately told me hes going to put the application back for an underwriter to manually review!

 

I only had 2 inquiries total on Experian when they pulled my report (both inquiries in the last 6 months)

 

My Experian Fico score is 754 with 21% Utilization and NO Negatives. 

 

Has anyone had a similar situation? What are my chances?

 

Ill call underwriting regularly and update here!

 

Thanks! Smiley Happy

 

Forgive me for highjacking ur thread, but I'm also looking to apply for the US bank+ card in August once my 2 recent cards turn 14 months. ( I have 3 inquiries total: 1 on EX, 2 on Trans). I wanna know if u had to open a bank account with them also to get the card? I don't really want an account with them though just the card. 


I only know this since I've read pretty much every US bank cash+ and altitude reserve thread here and reddit. For the cash+ you do not need a checking account, but USB does take into account a "customer relationship score". There's been no public info on what affects this score or what weight other accounts or assets with USB does, but it IS taken into account somehow. It seems like if your credit profile supports it, there's no need for any other products with USB to get the cash+ but it can help to open a checking or something to bump you from questionable to ok - that is the consensus but nearly impossible to test. Length of the relationship could also play a larger role rather than the fact that one exists.

Message 9 of 16
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Valued Contributor

Re: US Bank Cash Plus - Chances?

Good luck with your application! 👍





My Cards:






Profile Type: New, Thick, 100% Clean
INQ's: EQ: 0 TU: 1 EX: 3 (last 12 mo.)
Recent Accounts: 4 (last 24 mo.)
Total CL: 28.95k Util. 3% AAoA: 1yr, 8mo.
AoOA: 2 yrs, 8 mo. AoYA: 0 mo. 100% PIF.





myFICO Member since: July 21, 2018 | Joined Community: Aug. 17, 2018 | Starting Scores: EQ: 716 TU: 738 EX: 698
Message 10 of 16
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