Us Bank Cash Rewards- Recon initial SL ?' - Update

[CreditCuriosity]

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@NRB525 wrote:

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@CreditCuriousity wrote:

Update:

Whammy...  Kinda unexpected as the UW I spoke with yesterday said it looked good to him, guess under manual review no go.. Wait for letter, still have a huge 1k CL lol..  Use it for 50 a month and see if it grows.. Still happy to be in with US Bank..

Just wanted to let you all know, will let you know when I get the card and the letter stating why they couldnt increase the CL.. Guessing it is due to derogs of course.

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Congratulations on getting the card, but why only $50 per month? It will grow, and I will guess it will grow taller with more use. I've not had any problems with US Bank, even when carrying fairly substantial ($4k - $6k) interest bearing balances on my first card, which was $10k at the time, other than a call looking for significant payments to let them know their risk wasn't so bad.

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@Maybe I will put more then 50 through it a month.. Just a bit bummed they didn't even counter the 5k.. Considering I put 7k Direct Deposit into them per month through Pay check.. If they wanted to look they could see I am spending 3-5k on CC's in a given month through ACH's... I understand it comes down to Credit Profile, granted my TU which they used wasn't horrid nor was it by any means a model profile, but one would think income would make up a bit.. Considering a 1k SL when I have some 10k-23k CL, granted I do have one Amex @ 1k.   Just thought they would of gave me the 5k since my average is above that or even countered..  

Anyways as stated I am grateful.. I guess I will put a few months of decent useage on it when I can't find another card that will benefit me more.. Obviously I won't use it for Gas or Groceries or Amazon or Eating out as I can destroy it in those categories...  I will use it along with my Amex ED and leave the QS on the sideline and give up .5% which isn't huge I guess..  

Just hope it grows, took the AAoA hit already so wont be canceling it and probably is a good bank to be in with..  I only had 175 dollars reporting at time of application on one CC plus of course my car installment loan and SL's, but that is less than 12-14ish% I be;ieve of my total DTI, CC are <1% useage..  Just weird how they came up with 1k...  As stated think it was just a guranteed offer for being a loyal customer.

Thanks all the inputs, kinda rambling as it is getting late, but ultimately it is my fault that I have been rebuilding for several years now, so can't blame them for being cautious I guess as my credit profie is bruised and not pretty from stuff that happen >3 years ago, but only time can help the rest and I have done everything I can to clean up what I can on it..  The rest will just have to age a slow death off.

[NRB525]

So, if you put $200 a month through it, and presume you are taking away from any 5% card to get only 1% on that particular $200 per month...

that's $8 per month.

How much is your recon time worth

[CreditCuriosity]

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@NRB525 wrote:

So, if you put $200 a month through it, and presume you are taking away from any 5% card to get only 1% on that particular $200 per month...

that's $8 per month.

How much is your recon time worth

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Lol tried to recon the initial SL already as you know ..  Guess I could go into a branch and bug a banker, but meh...  I have an office and write software all day so plenty of time to kill, but ultimately I think I would be wasting everyone time trying another recon of intiial SL..  It is what it is and putting 200-400 a month through it is easy, just will take away from a few of my better earners, but if it shows them usage and puts me in a better spot then a few dollars I can care less about...  The big signup bonuses are where the money is for me on the CSP, etc... Normal spend is meh tbh on most credit cards and I don't make a decision between a 1 and 1.5% back on such small amounts as tax is frigging 9.x% here!  

I do understand your arguement of 8 dollars lol... It is trivial overall to me .

[NRB525]

Yes, my point was, you already invested some time in the calls, use the card now (taking from other cards) to let it talk for you.

It'll work out eventually, US Bank will be good.