Congrats! I actually just called this past Friday and requested my Secured be Unsecured, I'm anxious to see what this week brings, I keep opening my app what feels like every 5mins to see if there is an update for me. Congrats again and thanks for the insight with the checking account I think I will open one this week.
Starting Score: 477
@Anonymous wrote:
They have 2 lines of credit. One is the reserve line. It's basically a higher APR than the Premier line and intended to be used for Overfraft Protection. You can just transfer money from it into your Checking or savings or if you do overdraw your account it will automatically do it In increments of $100.
It has limits of $1k-$5k max
The Premier line is a way better product. It's Prome plus 7% variable, comes with a CC and checks to access the funds, and also can be used as ODP if you don't have the reserve line. It also has limits of $5k-$15k max.
I have both only really because I got the Reserve line first. I was preapproced when opening one of my accounts. I have it set up as ODP on all my Checking and Savings accounts.
Then I was preapproced for the Premier line and got $15k -haven't used it much but it is a nice product to have. Thought about closing the Reserve line but it is a free $5k TL that really doesn't need to be used every so often so it just sits there.
If you do to usbank.com and click on Loans and Lines or something to that effect both are outlined. You most likely will get a preapproced offer for one or both soon enough but you can always call the financial center and ask if they can use your credit pull from the Visa to approve you for one. I have done that before and they did it.
Hope that answered your question. Congrats again.
Which number is the financial center? I tried calling today and asked if they could use the hard pull from last week for the reserve line, but the rep said it was a hard pull for each product and that she COULD take my application. I politely declined, of course.
Also...when you were preapproved and accepted the offer...did it result in another hard pull...?
Thanks as always...
@wired. Sorry-have not been on much past couple days.
Didn't see this till now.
Here is the number for the Financial Center: (800) 444-1244
To answer about the preapprocals..... I believe it did for preselected offers but not preapprocals.
When I got the Reserve line and my first CC they only pulled one report after I asked the UW to use the same report they pulled for the Reserve line to try get a CC.
Then I had a "preselected platinum visa" and that one was a hard pull.
Then the Premier Line was preapproved and no hard pull was done.
My first card has had 2 CLI's both for $1500 with no hard pull done through the website. I read if you asked for $1500 or less it is no HP and twice that has been true for me. I have read others have had them though. Not sure why the difference or if it depends on what products you have or what.
I have not tried my second card yet because they don't like givIng increases till 6-9 months and this second card is fairly new.
Might be worth mentioning I did join that "because you earned it" program thing they have. It basically gives you waived fees and some extra perks for having a good Vantage Score. They don't tell you what score you need to be approved but I know some have been approved with high 600's and others denied with 700's so it is more than a score. I had a 702 (fico 8 was 771 at the time) and was approved.
Maybe this helps with preapprocals or soft pull increase. Not sure-it isn't mentioned but to me there has to be a reason some get SP increasss and others don't. Maybe it is as simple as if you have a relationship other than a CC? Idk. Not sure.
Call the Financial Center and see what they will do for you.
They are only open M-F 8-5 (or maybe 6)
Hope this helps. GL.
Didn't see this till now.
Here is the number for the Financial Center: (800) 444-1244
To answer about the preapprocals..... I believe it did for preselected offers but not preapprocals.
When I got the Reserve line and my first CC they only pulled one report after I asked the UW to use the same report they pulled for the Reserve line to try get a CC.
Then I had a "preselected platinum visa" and that one was a hard pull.
Then the Premier Line was preapproved and no hard pull was done.
My first card has had 2 CLI's both for $1500 with no hard pull done through the website. I read if you asked for $1500 or less it is no HP and twice that has been true for me. I have read others have had them though. Not sure why the difference or if it depends on what products you have or what.
I have not tried my second card yet because they don't like givIng increases till 6-9 months and this second card is fairly new.
Might be worth mentioning I did join that "because you earned it" program thing they have. It basically gives you waived fees and some extra perks for having a good Vantage Score. They don't tell you what score you need to be approved but I know some have been approved with high 600's and others denied with 700's so it is more than a score. I had a 702 (fico 8 was 771 at the time) and was approved.
Maybe this helps with preapprocals or soft pull increase. Not sure-it isn't mentioned but to me there has to be a reason some get SP increasss and others don't. Maybe it is as simple as if you have a relationship other than a CC? Idk. Not sure.
Call the Financial Center and see what they will do for you.
They are only open M-F 8-5 (or maybe 6)
Hope this helps. GL.