US Bank Smartly Approval Thread

[NoMoreE46]

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@ptatohed wrote:

Oh no.  I told my co-worker about the card, he applied, and was approved for only $1,500.  

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There have been a few reports of $500 SL approvals for the Smartly.  These Reddit approvals are from perturbed USB customers with $5,000 to $25,000 CL on their existing AR / Go / Cash+ with six figure incomes and funded accounts  🤔 ...

[digitek]

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@ptatohed wrote:

My card has been ordered.  I opened my Smartly Savings last night.  Am I understanding this correctly:

• You don't need a savings or checking to apply for and receive the Smartly Visa - but you do need a Smartly Savings to be eligible for the elevated Visa cash back levels.

• In order to waive the Smartly Visa monthly fee, you need a Smartly Checking.

• The Smartly Checking monthly fee is waived if you have a USB credit card.

Do I have that right?  In other words, do I also now need to open a Smartly Checking to have all monthly fees waived?  Thanks.  

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Yeah that's right. I think the Smartly Checking is what actually gets you in their Smartly Rewards program, with the different tiers and all that for total assets. Also need it for the exclusive CC rewards spending offers that is part of the Smartly Rewards program.

I've had the fees for the checking and savings accounts hit my accounts, but they have a credit post at the same time for the fee amount.

[Snook_on_the_Line]

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@digitek wrote:

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@ptatohed wrote:

My card has been ordered.  I opened my Smartly Savings last night.  Am I understanding this correctly:

• You don't need a savings or checking to apply for and receive the Smartly Visa - but you do need a Smartly Savings to be eligible for the elevated Visa cash back levels.

• In order to waive the Smartly Visa monthly fee, you need a Smartly Checking.

• The Smartly Checking monthly fee is waived if you have a USB credit card.

Do I have that right?  In other words, do I also now need to open a Smartly Checking to have all monthly fees waived?  Thanks.  

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Yeah that's right. I think the Smartly Checking is what actually gets you in their Smartly Rewards program, with the different tiers and all that for total assets. Also need it for the exclusive CC rewards spending offers that is part of the Smartly Rewards program.

I've had the fees for the checking and savings accounts hit my accounts, but they have a credit post at the same time for the fee amount.

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The card itself has no annual fee

the savings account fee is waived if you have the checking account or the smartly visa

the checking account fee is waived if you have any us bank credit card

the savings acccount with a balance over 5k AND the checking with a balance of $1-$5k gets you the 2.5% cb on the card AND raises the apr on the savings to 3%

[DoppelgangerD]

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@Snook_on_the_Line wrote:

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@digitek wrote:

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@ptatohed wrote:

My card has been ordered.  I opened my Smartly Savings last night.  Am I understanding this correctly:

• You don't need a savings or checking to apply for and receive the Smartly Visa - but you do need a Smartly Savings to be eligible for the elevated Visa cash back levels.

• In order to waive the Smartly Visa monthly fee, you need a Smartly Checking.

• The Smartly Checking monthly fee is waived if you have a USB credit card.

Do I have that right?  In other words, do I also now need to open a Smartly Checking to have all monthly fees waived?  Thanks.  

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Yeah that's right. I think the Smartly Checking is what actually gets you in their Smartly Rewards program, with the different tiers and all that for total assets. Also need it for the exclusive CC rewards spending offers that is part of the Smartly Rewards program.

I've had the fees for the checking and savings accounts hit my accounts, but they have a credit post at the same time for the fee amount.

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The card itself has no annual fee

the savings account fee is waived if you have the checking account or the smartly visa

the checking account fee is waived if you have any us bank credit card

the savings acccount with a balance over 5k AND the checking with a balance of $1-$5k gets you the 2.5% cb on the card AND raises the apr on the savings to 3%

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So, umm, are you penalized if your checking account goes over $5k???

[ptatohed]

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@IntegerIntrovert wrote:

Applied on the 11th. Got 7-10 days message. 

approved today with hard TU pull. 

$25,000

total exposure $85k

4% everything baby!

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@IntegerIntrovert 

$25,000, amazing!   Good for you! 

Is this the myFICO record so far?

[Tiggr]

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So, umm, are you penalized if your checking account goes over $5k???

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Nope, you make more money in interest

[ElvisCaprice]

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@Snook_on_the_Line wrote:

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The card itself has no annual fee

the savings account fee is waived if you have the checking account or the smartly visa

the checking account fee is waived if you have any us bank credit card

the savings acccount with a balance over 5k AND the checking with a balance of $1-$5k gets you the 2.5% cb on the card AND raises the apr on the savings to 3%

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So you currently lose 1.42% compared to SPAXX on investment and yet have other options for 2.5% cb CC's or better.  How do I sign up to lose return?  

If your not going to go all the way with the Smartly, the smartly thing to do is wait.

[DoppelgangerD]

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@Tiggr wrote:

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So, umm, are you penalized if your checking account goes over $5k???

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Nope, you make more money in interest

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I don't think the checking pays any interest, but I have the Smartly Savings with over $5k in it (and a Smartly Checking), and it shows a whopping 2.76% interest right now.

[CreditMagic7]

Called on for the SL only to find the approval for Smartly Visa for me a toy limit of  $500. Are they really that CHEAP? And how do they expect at that line for a card customer to also open Both a Savings and Checking and move $$$$$ from investment accounts with that rediculous toy start limit? 

Even before the card is even arrived i have called them and straight way CLOSED it citing that such incompetent silly decision of a start line on Smartly. I will not have my robust other Lenders im in good standing with reviewing my reports with a baby line from US Bank which would take a long long time just to reach $5K in years.

My profile sports many $20K lines, a 30K line and even a $50K line of all things. I have (2) $15K lines one of them from Citibank. I saw on Reddit those getting cheap 500 SL's and that is simply unacceptable. US Bank obviously has still not learned how to attract customers with potential for them to prove efficiency with an attractive approach to a viable product with this new Smartly.

No matter. I took the INQ hit, but it will rest in the closed card column thus not a danger to the active open accounts on my current profile. They are the same as they always been and the other card products are heads above this one.

For a data point my lowest line is $5500 with increases available even on that. TU FICO 720-3% Utility-AAOA 7 yrs-8 months-Oldest active account 15 years-active SSL from NFCU. Only 3 cards with low percentage balances. I been off this forum board a long time dropping INQs to boot. Maybe 3 chargeable INQs within 1 year on TU they pulled.

[Xanthos472]

You didn't attempt recon? They tried that with my Cash+ ($500), reconned it into $2K. You would've probably been able to get a lot more, IIRC my scores at the time were low 700's.