US Bank will not recon denials for too many new accounts

[Anonymous]

I just got off the phone with US Bank and they will not even submit a recon because I have too many new accounts. I suggested waiting until January — she suggested waiting until April. Yeah, I’m good. Writing this one off for now. I have 6/6, 10/12, 11/24.

She told me that their guidelines changed and that they want to see a year of history on new accounts.

I guess the good news is that somehow I ended up not being on a blacklist despite burning them 8y8mo ago.

I don’t plan to garden for that long for a card that constantly has bonus categories changing though when I can get SUBs worth more than the difference between my BBVA 3% and the Cash+ 5% so yeah, probably not going to bother with another app any time soon. Just sharing the info I was given.

Note that I am not surprised nor upset about this. I would have been more upset if I gardened until June/July for the same outcome. I know US Bank is new account sensitive and I don’t plan to stop adding new accounts when I feel like it. I am just sharing some DPs. 

HP EX 710 FICO 8, don’t know my FICO 9

BK7 and no other derogs

2% aggregate, 9% individual utilization

[calyx]

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@Anonymous wrote:

She told me that their guidelines changed and that they want to see a year of history on new accounts.

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Thank you for this information.

USBank was the first big bank card I got (secured) - I read they were super conservative, and I thought this would be a good way to get in with them when I didn't believe I'd be able to do it otherwise  (ultimate goal = PC the graduated card to Cash+).   This response makes me think I absolutely did the right thing.   

I've been questioning getting them as secured, lately, because "hey, look, I get prequals and I could have gotten my Cash+ sooner," but maybe not.

[pinkandgrey]

I didn’t know you were trying for this one so soon! Sorry about the denial. I was hoping you’d be able to do what I did and get denied. But approved.

[Remedios]

I was denied just a few weeks ago, recon was no problem at all. 

They still do recons, but just like with any other lender who allows the practice, they are granted at their discretion. 

Also, I would not put too much faith in what somebody tells you reasons for denial are. The letter usually paints a different picture. 

[Anonymous]

@calyx wrote:

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@Anonymous wrote:

She told me that their guidelines changed and that they want to see a year of history on new accounts.

---

Thank you for this information.

USBank was the first big bank card I got - I read they were super conservative, and I thought this would be a good way to get in with them when I didn't believe I'd be able to do it otherwise  (ultimate goal = PC the graduated card to Cash+).   This response makes me think I absolutely did the right thing.   

I've been questioning getting them as secured, lately, because "hey, look, I get prequals and I could have gotten my Cash+ sooner," but maybe not.

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Keep in mind I’ve added quite a few accounts in the last 12 months and I don’t have an existing relationship with them.

I actually found it rather interesting that she just zeroed in on the new accounts and didn’t even mention the BK. I would have expected that the denial would also be for BK.

Regardless, I think that a year is too long to garden for a card that changes categories all the time. Watch by the end of the year, cable bills won’t be covered and it will be a useless card for me.

[Anonymous]

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@pinkandgrey wrote:
I didn’t know you were trying for this one so soon! Sorry about the denial. I was hoping you’d be able to do what I did and get denied. But approved.

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Lol yeah I might try to recon when I get the letter but we will see. 

[Anonymous]

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@Remedios wrote:

I was denied just a few weeks ago, recon was no problem at all. 

They still do recons, but just like with any other lender who allows the practice, they are granted at their discretion. 

Also, I would not put too much faith in what somebody tells you reasons for denial are. The letter usually paints a different picture. 

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I agree and I know the letter will say more but she was actually very explicit about the policy change. She said they are no longer allowed to ask for reconsideration when the denial is for new accounts - I would assume that’s because UW won’t turn it over. 

[calyx]

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@Anonymous wrote:

@calyx wrote:

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@Anonymous wrote:

She told me that their guidelines changed and that they want to see a year of history on new accounts.

---

Thank you for this information.

USBank was the first big bank card I got - I read they were super conservative, and I thought this would be a good way to get in with them when I didn't believe I'd be able to do it otherwise  (ultimate goal = PC the graduated card to Cash+).   This response makes me think I absolutely did the right thing.   

I've been questioning getting them as secured, lately, because "hey, look, I get prequals and I could have gotten my Cash+ sooner," but maybe not.

---

Keep in mind I’ve added quite a few accounts in the last 12 months and I don’t have an existing relationship with them.

I actually found it rather interesting that she just zeroed in on the new accounts and didn’t even mention the BK. I would have expected that the denial would also be for BK.

Regardless, I think that a year is too long to garden for a card that changes categories all the time. Watch by the end of the year, cable bills won’t be covered and it will be a useless card for me.

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YOU SHUSH, those cats will stay forever and ever!!! Because I want them to   

[Remedios]

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@Anonymous wrote:

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@Remedios wrote:

I was denied just a few weeks ago, recon was no problem at all. 

They still do recons, but just like with any other lender who allows the practice, they are granted at their discretion. 

Also, I would not put too much faith in what somebody tells you reasons for denial are. The letter usually paints a different picture. 

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I agree and I know the letter will say more but she was actually very explicit about the policy change. She said they are no longer allowed to ask for reconsideration when the denial is for new accounts - I would assume that’s because UW won’t turn it over. 

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When I called, the gentleman said "It all looks good to me" then transferred to UW. It was UW who over turned denial.

So, perhaps it is the presence of BK that's making them not willing to send to UW for manual review, or the fact they were included in BK. 

[Anonymous]

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@Remedios wrote:

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@Anonymous wrote:

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@Remedios wrote:

I was denied just a few weeks ago, recon was no problem at all. 

They still do recons, but just like with any other lender who allows the practice, they are granted at their discretion. 

Also, I would not put too much faith in what somebody tells you reasons for denial are. The letter usually paints a different picture. 

---

I agree and I know the letter will say more but she was actually very explicit about the policy change. She said they are no longer allowed to ask for reconsideration when the denial is for new accounts - I would assume that’s because UW won’t turn it over. 

---

When I called, the gentleman said "It all looks good to me" then transferred to UW. It was UW who over turned denial.

So, perhaps it is the presence of BK that's making them not willing to send to UW for manual review, or the fact they were included in BK. 

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I actually was speaking to UW so I guess anything is possible. I’ll know when the letter comes what their reasons are but I bet that new accounts is number 1. It’s not like they’re not known for their new account sensitivity. When the Altitude Reserve came out, there was a 0/6 rule that would lead to a denial every time.