New US Bank Cash+ and Altitude Go Secured CCs

[kr43002]

Just got the new card in today. From when I first applied to getting the card took about 2 weeks, not bad. 

Rewards you get to choose 2 5% and 1 2% and 1% everything else. 

Just got into the rewards portal today and posted the image here of all the categories.

The card for cash+ is not metal, but it does have a nice finish. I would liken the quality to the Discover IT card with the Vinyl, the texture really makes up. It offers Tap to pay. 

My APR is 25.99%

$300 Credit Line; $45 Cash Advance line. 

[Anonymous]

Thanks for reporting back. I was approved for the Altitude Go, and based on the timeline you provided, I should be receiving it next week. I'm hoping it's made of metal like the unsecured version. I'll be sure to follow up after I receive it. 

[Anonymous]

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@gdale6 wrote:

U.S. Bank launched two secured credit cards, giving subprime consumers the chance to build their credit.

https://www.cnbc.com/select/us-bank-announces-altitude-go-cash-plus-secured/

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Thank You!

[Trini88]

Didn't even know the secured version existed! 

[RehabbingANDBlabbing]

Lordy..... I need another secured card like I need a hole in the head. BUT.... these are some fantastic cards. The 4X and 5X (respectively) almost makes these worth putting down a deposit. I might be able to get the unsecured version in a year or so after all my new accounts age some though.

[Red1Blue]

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@RehabbingANDBlabbing wrote:

Lordy..... I need another secured card like I need a hole in the head. BUT.... these are some fantastic cards. The 4X and 5X (respectively) almost makes these worth putting down a deposit. I might be able to get the unsecured version in a year or so after all my new accounts age some though.

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I agree. I know these cards are juicy and very tempting to apply for these secured cards and get them as soon as possible. Just 3 weeks ago US Bank upgraded 2 of my secured cards. I feel like apping for these two secured cards and get them. But I am going to wait 6 months until my scores numbers reach higher and then apply for unsecured version of cards.

[Trini88]

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@RehabbingANDBlabbing wrote:

Lordy..... I need another secured card like I need a hole in the head. BUT.... these are some fantastic cards. The 4X and 5X (respectively) almost makes these worth putting down a deposit. I might be able to get the unsecured version in a year or so after all my new accounts age some though.

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I wanted the unsecured version when a lot of my inquiries drop off and my new accounts as well BUT for a chance to control how much is on a card that requires a hard pull per cli....I think I'll have to get the secured version and drop as much money as I could on it and forget about ever asking for an increase 😂.

[celestiz]

I wish these cards were out when I got the platinum secured card 6 months ago. I called to see if they could do a product change to one of the new secured cards, but they said they aren't doing that. I might just have to put $500 down on the secured Cash+ since it might be a while until my current secured card graduates.

[north1]

Just a heads up that USBank limits you to 2 of any type of product. They are not currently allowing conversions from existing secured products to the new Cash+ and Altitude Go (much like they would not change your existing terms when they dropped the AF for secured). If you are planning on applying for both of the new cards and already have an active secured card, you will need to close one of them in order to obtain both the Cash+ and Altitude Go.

That being said, USBank Secured cards are basically 100% approval, but they are notoriously quiet about approval until they pull funds from your checking account a few days after application and you will receive a welcome e-mail shortly after that.

Also, USBank Secured cards will not graduate for a MINIMUM of 12 months. Don't waste a HP on it because you'll just get a letter in the mail stating that the account must be open at least 12 months before they'll even consider it.

[Anonymous]

I just got approved for both card and they will be coming soon. I just wanted to see how you are enjoying them after having them for a few months?