How solid are these? I am pre-qualified for 3 and am really interested in the Cash+ ($150 back after spending $500, 0% APR for 15 months, 18.24% after). My TU score should now be somewhere around 730 and my overall UTI is 9%. I'd love to have the card but I am worried about the dreaded 500 SL.
Both of my prequals were solid with US Bank. I got one of the fabled $500 SLs on my Cash+, but a quick call to underwriting had that to $15k (I should have asked for more). A year later I grabbed the Altitude Reserve with another prequal and it was a $14,000 SL. Zero relationship prior to that Cash+ for me, but certainly people here report much better outcomes when they do already have a relationship.
So I read in another topic how it might help to apply for a checking account first (or at the same time). I saw on their site that they have a special program for those that qualify based on credit score (I was qualified and applied). Once I finished applying for it, a pop-up came up saying I was pre-qualified for 2 cards, one being the Cash+. Unfortunately it wasn't the same offer I got when checking pre-quals. While it showed my credit limit would be $2500 and the SUB, it was not showing the 0% APR on purchases for 15 months. I decided to re-check the pre-quals and they were still the same, so I app'ed through that. I didn't get an instant decision (which apparently is normal for them). Did I screw up by not doing the pre-qual through my checking accoutn application, or should I still get the credit limit they were showing?
@RickNATL wrote:Aircobra, can you report back what you find out?
So I got ahold of Underwriting (after like 40 minutes on the phone). Apparently both applications went through, even though I didn't submit the first one. She said the first one (which was the offer after setting up a checking account), was for $2500 but no 0% purchase promo and the one that I did on its own was only for $1000. She said she could cancel the first one and request a higher limit for the second one, since it has the better offer. I asked for $3000 and she approved it (she said she normally doesn't do this for customers, whether that's true, I didn't really care). Said that I still had to wait 24-48 hours for final processing but I asked if I was pretty much approved, and she said yeah.
I'm quite happy given the horror stories of the $500 SL. I cannot say for sure that applying for a checking account during or prior to app'ing for a card helped but since the Gold checking had the offer, I couldn't pass it up. Hopefully my experience helps those on the fence.
