My husband has had a us bank cash rewards visa (not the new cash +) along with checking and savings accounts for 3 years. He’s also had the same $3k credit line. He has 770+ scores and has gotten two new cards from other companies at $14k and $8k.
We hit the request credit limit increase button a week ago and got a message saying “we’ll send a letter with either your approval or denial in 7-10). I’ve been checking his online available credit and nothing has changed. This seems like a denial but that seems outrageous with his scores and history with them. His util is about 1% but he’s used the card and paid it off plenty in the past years. Income $150k and updated a few months before in the system. He has also been flooded with preapproval for their new cards...
What is your experience?
I have been a USB client for more than a decade and just this past year applied for credit with them. My advice is to call and talk to them if it has been more than a week. They have been very generous with me.
A buddy of mine has the Cash+ and he asked for the $1500 CLI so it would be a SP and it took like two weeks before it showed up on his account when he logged in.
It sounds like US Bank still has the horrid system they had when I had them back in 2010 before my BK. Just give them time or give them a call.
It's been terrible for me. I've been stuck at $500 since I got the card, and have never seen a credit line increase button. I suppose I could call, and ask for a CLI SP, but I'm too lazy. Text please?
Problem with these guys is they won’t do a soft pull 😒 they’ve been good to us in other ways and gave him this card opening an account we use for secondary purposes. I feel by now however given our payment history and credit score they should have already cli’d him or approved this request, if not that card will be dead to us 💀 I thought I got a response today but it was just those checks they send you with a 0% attached to them but no increase yet 🤣
You know after this if you’re sure they’re soft pulls for $1.5k maybe I’ll just do that all the way up the ladder 🤣 how often can you ask for those with a certain soft pull? I won’t waste anymore hards on them.
I believe it's about every 6 months.
ETA: It is a little annoying that it isn't instant. It takes about 7 days to show up in the available CL on your account.
Teaches me patience though and that is much needed. LOL
I have two related questions on this:
Thanks in advance!!