When should I app for the US Bank Cash plus?

[ChazzieT]

Alright, I've been gardening for the US Bank Cash plus and I think I might be ready to pull the trigger.

I can either:

apply on 12/16, as I will be 0/6(1/12) for new accounts on 12/7 (I want to give it a week so it is 100% clear that I'm only 1/6).

OR

I have a large chunk of money coming in at the end of the year and could use it to improve my profile, if I hold off until January 4th to apply (This date may shift a little later depending on when the results of my big windfall report).

OR

Wait until I'm 0/12 for new accounts in April of 21?

I've had checking/savings/ brokerage accounts with US Bank since 12/20/19 (I've run about $120k through the checking account, have $2k in savings and $25k in Brokerage).

I've listed my pertinent stats below.

Please take a look and give me your opinion. Should I go for it on 12/16/20, hold off until 1/4/21 or hold off until April of 21?

12/16/20 stats
EQ: 789
New Accounts: 0/6, 1/12, 8/24
Total Revolving accounts: 11
Inquiries: 1/6, 4/12, 7/24
Overall Utilization: 1.25%
Highest Individual Utilization: 27% (0% APR offer)
Average Age of Accounts: 2yrs, 11 months
Age of Oldest Account: 15yrs, 4 months
All accounts are paid in full, except chase (0% APR offer), Mortgage, and Car Note.

1/4/21 stats
EQ: 792 (estimated)
New Accounts: 0/6, 1/12, 8/24
Total Revolving accounts: 11
Inquiries: 0/6, 2/12, 8/24
Overall Utilization: 0.9%
Highest Individual Utilization: 10%
Average Age of Accounts: 3yrs, 0 months
Age of Oldest Account: 15yrs, 5 months
All accounts are paid in full, except Mortgage, and Car Note.

4/20/21 stats
EQ: 792 (estimated)
New Accounts: 0/6, 0/12, 8/24
Total Revolving accounts: 11
Inquiries: 0/6, 1/12, 8/24
Overall Utilization: 0.9%
Highest Individual Utilization: 10%
Average Age of Accounts: 3yrs, 3 months
Age of Oldest Account: 15yrs, 8 months
All accounts are paid in full, except Mortgage, and Car Note.

Thanks in advance for any advice/opinions!

edit: EQ/EX typos

edit: thanks @Anonymous 

edit: March to April (thanks again @Anonymous )

[coldfusion]

Wait until March.

[ChazzieT]

@coldfusion , Thanks!

[Anonymous]

I agree with waiting until March. It's not that far away and why take a risk of a denial or a small limit? Also, you wrote 10/12 for new accounts for 3/20

[ChazzieT]

Thanks, @Anonymous ! Fixed it!

Hey, weren't you due to app for the Cash plus around now?

[Anonymous]

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@ChazzieT wrote:

Thanks, @Anonymous ! Fixed it!

Hey, weren't you due to app for the Cash plus around now?

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I decided to wait until April. I want to hit 0/12 before I go for it. 

[DaveInAZ]

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@ChazzieT wrote:

Alright, I've been gardening for the US Bank Cash plus and I think I might be ready to pull the trigger.

edit: thanks @Anonymous 

---

With those scores, length of time you've had USB banking accounts, and amount of $$$ through the account I think you can apply anytime and be approved with a nice SL.

I was approved for Cash+ last March with a $5k SL. They pulled TU for me here in AZ, TU Fico8 was around 732 then, and I'd only had USB banking accounts for a few months, and just for their bank account SUB bonus. I was 3/12 at the time, but 1 (Amex) hadn't reported yet. I've had US Bank accounts before for a bonus and don't care for their online banking interface.

BTW, I had apparent fraud charges on my Cash+ this week, the first time I've had CC fraud charges in several years. I got an automated call asking me to confirm or deny 3 recent charges - my T-Moble account and 2 from Amazon. I don't shop Amazon so those were fraud, but the automated call only gave me a choice to approve or deny all 3, so not wanting to mess up my T-Moble account with a reversed charge I hung up and called the # on the back of the card. Took me about 15 minutes to get through to the fraud dept. which promptly took care of things and overnighting me a new card supposed to arrive Monday.

So, pretty good service but they need to give a choice of which charges to deny on their automated system.

[randomguy1]

You're probably fine now. April obviously would have higher chances. 

US Bank is supposed to pull to EQ for me in TX but they pulled EX. 

[ChazzieT]

Thanks @DaveInAZ , and sorry to hear about the fraud mess! Any idea how someone got your card number to use on Amazon? 

[ChazzieT]

Well @Anonymous , you're just going to make me edit my whole post aren't you!?!

I was thinking my AOD Visa was opened in March, but when you said April, I went back and double checked!