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Need advice on US Bank product change!

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Regular Contributor

Need advice on US Bank product change!

Hi Fico Forum Friends!

 

I need some advice on getting a US Bank product change.

 

I currently have 2 credit cards with US Bank:

US Bank Platinum: $300 CL (it used to be a secured card but now its unsecured)

US Bank Platinum: $4000 CL

 

I was told that both cards are eligible for a product change to either a Flexperks or a Cash+ card.

 

What would you do?

 

I was thinking of having them convert the lower limit card to a Cash+ in hopes that maybe they would raise the limit (I thought all Cash+ cards had to be Signature Visa cards) but I'm not sure if that would actually work.

 

I was hoping that someday they would drop the APR on the $4000 card so that it would become my "emergency/carry a balance over several months" card but the APR will be as high as reward cards when the introductory period is finshed.

 

I'm not sure if I want the Flexperks card. I think I would prefer cashback over points that can be diluted.

 

What does the fico family suggest? Cat Embarassed

Message 1 of 11
10 REPLIES 10
New Contributor

Re: Need advice on US Bank product change!

gow long u had them to do pc? (just wondering i have a 1.5k card wanting to do the same)

i prefer the flexperks now over the cash + after having discover it and freedom.. covered most of my regular spending
CSP 10k 0 Discover It 7.8k AmazonVisa 3k Freedom 1500 US Bank Cash Rewards 1500 BofA123 3300 SallieMae 3800
Message 2 of 11
Regular Contributor

Re: Need advice on US Bank product change!


@rustystick wrote:
gow long u had them to do pc? (just wondering i have a 1.5k card wanting to do the same)

i prefer the flexperks now over the cash + after having discover it and freedom.. covered most of my regular spending

I've had the unsecured card since April of 2009....the larger card since September of 2013 2012. [edit]

 

Also, I should mention my only 5% rotating category card is the Citi Dividends card which hasnt been offering the best 5% categories this year.

 

 

Message 3 of 11
Valued Contributor

Re: Need advice on US Bank product change!


@charyot77 wrote:

@rustystick wrote:
gow long u had them to do pc? (just wondering i have a 1.5k card wanting to do the same)

i prefer the flexperks now over the cash + after having discover it and freedom.. covered most of my regular spending

I've had the unsecured card since April of 2009....the larger card since September of 2013.

 

 


Sept 2013 eh? ;D

Scores: about 700 across the board
Total CL: $275k
Message 4 of 11
New Contributor

Re: Need advice on US Bank product change!

thanks for the info Smiley Happy

i believe there was another post did the same thing, and believe they have him a cli on a 300 line to 7000 for converting to the flex perks
CSP 10k 0 Discover It 7.8k AmazonVisa 3k Freedom 1500 US Bank Cash Rewards 1500 BofA123 3300 SallieMae 3800
Message 5 of 11
Highlighted
Regular Contributor

Re: Need advice on US Bank product change!


I've had the unsecured card since April of 2009....the larger card since September of 2013.

 

 


Sept 2013 eh? ;D


 

Sorry..I'll go back and fix...I meant to say 2012. Smiley Embarassed

Message 6 of 11
Regular Contributor

Re: Need advice on US Bank product change!


@rustystick wrote:
thanks for the info Smiley Happy

i believe there was another post did the same thing, and believe they have him a cli on a 300 line to 7000 for converting to the flex perks

Wow! thanks for the info! 

I'm a bit worried because I have been ignoring my US Bank cards since they didn't offer any rewards. I think I'll convert the smaller card for sure, just to see what they offer.  The Flexperks card is definitely a Signature card right?

 

 

Message 7 of 11
New Contributor

Re: Need advice on US Bank product change!

Yeah.. Simular underwriting as cash +

 

 

-_- just called and said im not elegible for upgrades yet.. guess i'll call back in a few months and try again


@charyot77 wrote:

Hi Fico Forum Friends!

 

I need some advice on getting a US Bank product change.

 

I currently have 2 credit cards with US Bank:

US Bank Platinum: $300 CL (it used to be a secured card but now its unsecured)

US Bank Platinum: $4000 CL

 

I was told that both cards are eligible for a product change to either a Flexperks or a Cash+ card.

 

What would you do?

 

I was thinking of having them convert the lower limit card to a Cash+ in hopes that maybe they would raise the limit (I thought all Cash+ cards had to be Signature Visa cards) but I'm not sure if that would actually work.

 

I was hoping that someday they would drop the APR on the $4000 card so that it would become my "emergency/carry a balance over several months" card but the APR will be as high as reward cards when the introductory period is finshed.

 

I'm not sure if I want the Flexperks card. I think I would prefer cashback over points that can be diluted.

 

What does the fico family suggest? Cat Embarassed


 

CSP 10k 0 Discover It 7.8k AmazonVisa 3k Freedom 1500 US Bank Cash Rewards 1500 BofA123 3300 SallieMae 3800
Message 8 of 11
Regular Contributor

Re: Need advice on US Bank product change!

I just called and had the $300 card upgraded.

 

The woman said it would definitely be a Cash+ Visa card but when I asked if it would be a "signature" card she said "it will just be a regular card". I think I just ended up speaking with one of the US Bank reps that wasn't super knowledgeable about the different Visa cards.

 

She said I would get the same credit limit and that I could it "apply" for a credit limit increase. I think I'll wait to see how this $300 "signature" card checks out.

Message 9 of 11
Established Contributor

Re: Need advice on US Bank product change!

If you don't qualify for the Cash+, then they offer you the regular card. Usually your balance has to at least be $5000 before you get a Siggy, unless things have changed. My FlexPerks bal was $8000 when I pc'd.

Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
Message 10 of 11
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