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US Bank Cash+ VISA Signature $500 SL

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New Contributor

US Bank Cash+ VISA Signature $500 SL

D'OH! Totally forgot I applied for this card during this failed spree - http://ficoforums.myfico.com/t5/Credit-Card-Applications/Denied-Denied-and-Denied/td-p/5161906

 

Got a letter from them on Tuesday asking me to call them for some verification. Got around to calling them yesterday. I thought they would need to verify my income or job status but apparently it was only my email. Nice CSR told me it would be looked at in 24 hours and I should expect a letter in 10 business days. Even though I read when they ask for verification it's usually a good thing, due to the 3 recent denials I had low expectations. Called app status line today and to my surprise the recording said I was approved! Talked to a CSR to ask for my SL and it was $500. Totally good with that, good with anything after that bad run of denials. Oh and this came with the spend $500 in 3 months and get $150 welcome bonus. Happy to say I've added my 4th CC to my wallet!! Even with this success I am still committed to gardening for a good 6 months.

 

Any tips or tricks for this card? Like when/how often to ask for a CLI?

Credit Journey Start Date: 12/22/16
Message 1 of 17
16 REPLIES 16
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Regular Contributor

Re: US Bank Cash+ VISA Signature $500 SL

Congrats! I have seen that the 500$ SL is common recently with the Cash+. Some members have successfully asked for a higher limit at a HP cost though YMMV.

.:: Chase Amazon Prime Signature Visa | $12,300::.
.:: Wells Fargo Platinum | $3,000::.
.:: Target | $400::.
.::02.15.18::. EQ-758 | TU-764 | EX-761
Goal: 800+ EX:TU:EQ
Message 2 of 17
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Moderator

Re: US Bank Cash+ VISA Signature $500 SL

Congrats on your approval! As mentioned by @ShatteredK, it will cost you a HP to increase the limit. 

Got some pruning to do... No more new cards!
Message 3 of 17
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Frequent Contributor

Re: US Bank Cash+ VISA Signature $500 SL

Is it still a Sig if the limit is only $500? 

Fico 08 TU 680 EQ 682 EX 680 (4/05/18)
Fico 08 TU 668 EQ 656 EX 671 (1/13/18)
FICO 08 TU 533 EQ 512 EX 522 (2/6/17)
1 collection charge off paid April '17 ($500 GTE FCU) went over 120+ days late on it account closed. PIF to CA

NFCU Cash Rewards-$2800 (1/13/18), USAA Classic Platinum Visa-$1000 (1/13/18), Discover IT-$10,000! (1/13/18), AMEX BCE-$1000 (1/13/18), AMEX Blue Delta SkyMiles-$1000 (1/13/18), Care Credit-$7500(1/13/18), Cap1 Platinum Preferred-$1500 (1/15/18), Wal-Mart $5000 as of Nov '17 (SL $200 July '17), Dillards $1000 July '17, Several rebuilder cards closed not listed
Message 4 of 17
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Valued Contributor

Re: US Bank Cash+ VISA Signature $500 SL

Congrats on getting approved. But I’m not sure about another HP if you request a higher SL on your initial approval.
I applied last week and was approved for $5k. I called to ask for $10k and it went to UW review. 2 days later, I called again for a status update and it was denied due to too many new accounts opened, but it didn’t cost me a second hp.
AMEX | BofA | Barclays | Cap One | Chase | Citi | Discover | GS | PenFed | SYNCB (PP MC, Lowe's, Amazon, PP Credit) | US Bank
Message 5 of 17
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New Contributor

Re: US Bank Cash+ VISA Signature $500 SL


@imaximouswrote:
Congrats on getting approved. But I’m not sure about another HP if you request a higher SL on your initial approval.
I applied last week and was approved for $5k. I called to ask for $10k and it went to UW review. 2 days later, I called again for a status update and it was denied due to too many new accounts opened, but it didn’t cost me a second hp.

Hmmm. Could it be a case of SP for denial and HP for approval? I've heard companies do that.

Credit Journey Start Date: 12/22/16
Message 6 of 17
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Valued Contributor

Re: US Bank Cash+ VISA Signature $500 SL

That’s a possibility, but I can’t confirm that. You could always call their UW department and ask for their policy on that. Whenever I have, they’ve been very polite and helpful. It won’t hurt to, at least, inquire before making a formal request.
AMEX | BofA | Barclays | Cap One | Chase | Citi | Discover | GS | PenFed | SYNCB (PP MC, Lowe's, Amazon, PP Credit) | US Bank
Message 7 of 17
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Regular Contributor

Re: US Bank Cash+ VISA Signature $500 SL

wrote:

Is it still a Sig if the limit is only $500? 


 

I too have been wondering this. Any response from OP or other $500 members would be awesome!




Age 21
Current Score: EQ 802 (2 Inq) | TU 790 (6 Inq) | EX 807 (7 Inq)
Message 8 of 17
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Valued Member

Re: US Bank Cash+ VISA Signature $500 SL

Congratulations!!! 

 



June 2017 (Exp. 699 / TU. 701 / EQu. 662)
Jan. 2018 (Exp. 657 / TU 656 / EQU 638)

In the Garden because I've been out of control.
Message 9 of 17
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Moderator

Re: US Bank Cash+ VISA Signature $500 SL

I was approved for $500 in October, called and spoke with an underwriter and got it bumped up to $15,000.  My average credit line is around $19k so it was an easy conversation.  No additional HP.

Message 10 of 17
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