These are the identical rewards structures to the unsecured versions, except no SUB. Would be VERY interested to see what the underwriting on these cards is especially if 1/12 or 0/6 is enforced, if anyone has any DPs, please post them. Since US Bank does graduate their secured cards, presumably these could graduate to the unsecured versions. These really give Discover a run for their money for the best secured cards on the market. Imo Navy nrewards is close behind with 1% and cell coverage. I wish these had been out when I started rebuilding my credit. It's really nice to see an institution like US Bank extending great rewards programs to people who are working towards improving themselves.
Yes, these are fabulous secured card options. Set your limit, up to $5k, earn strong rewards.
That is excellent. No need now but this is excellent for those in need.
Nice find. Those cards have some great rewards. And they graduate. The competiton has started.
What credit score do i need to get the cards? Thank you
They approved me and I just got the card in my Dashboard.
Scores are around low 600-620
Util is low.
ALOT of new accounts.
I am going to guess the 1/12 0/6 rule is not enforced with these.
I got the Secured Cash+ Card.
I actually made a post about this in the BK forum, was quite excited about getting a 5% cash back card so soon out of BK.
So I did call US Bank and this is all the information I know about it:
It can graduate upon request, the agent on the phone said I should try and call in around 6 months to request it. They did not say anything about auto graduation, but I've read it can take some time.
You can increase your CL by increasing your Deposit, just have to call in and they will do underwriting for it. Assuming Another Hard Pull, as that is what someone else was saying on my post in another thread.
Credit Lines ranges from $300 -> $5000, with $100 Increments.
They are Bankruptcy Friendly.
Other things to note:
It did not take long to get on the phone with a rep (around 2 minutes going from start of call through the dialer process).
30 minutes after applying, I called in and asked if I was auto denied, and to my suprise I was "Recomended for Approval; Pending Funding from source". They took the funds 3 days after the application, then around 8 days (5 business) I recieved an email stating I was approved. The account also popped up in my US Bank app dashboard with that email.
If only they had this when I started rebuilding
You and me both!