Thank you everyone for all the data, they (US Bank) truly sound like a great FI to be part of. Can anyone in here confirm that it is necessary to be at 0/12 to join? Myth/fact/legend???
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@RobynJ wrote:Thank you everyone for all the data, they (US Bank) truly sound like a great FI to be part of. Can anyone in here confirm that it is necessary to be at 0/12 to join? Myth/fact/legend???
Depends on your profile. Most need to be under 2/12, not 0/12. Some have reported approvals with much higher numbers of new accounts. If you have a strong profile you may have a chance, it's always a case by case basis. With them, it's usually a safer bet to apply when you're below 2/12. I love my Cash+ and Altitude Go. The have dished our pretty decent SP CLIs to me too. No complaints about them as a FI from me, I've been very happy with them.
I have seen approvals at 1/12, but not at 2/12. They might exist, but I don't know about them.
I've got the cash plus that I use for the 5% discount on utilities and about to be cell phone bill as well.
I got the Platinum card for a balance transfer, but got a disappointing credit line... asked for increase immediately and they did double the line with another HP. 
No complaints yet.
I've been a USBank customer for over 20 years and we have a private banker account with them (personal lender/banker/etc call him for anything directly). We have never had a problem with USBank it's a conservative company that grew during the 2008/9 crash.
USbank's parrent company is the issuer of 60% of all credit union and small reginal bank credit cards. You can tell by looking at the stock cash back %'s if it's ether U.S. Bancorp or Bank of America.
Bankcorp does not go by a strict x/12 month rule they have an internal system of looking at your overall credit history usage and if you are a real member of the bank. I've known people in the Fico 750+ range that was turned down for the Cash+ becouse of no banking history.
If you get turned down open a checking account with your full direct deposit for a year and you'll get the card.
@RobynJ USBank has some pretty good cards! AR 3% on all mobile wallet! Go 4% dining. Cash+ works for many. And Connect 4% gas, but has an annual fee after year one, but has a nice SUB. But since they have what seem like higher underwriting requirements, I think possessing a USBank card is a bit more rare - which makes me kind of want one. But I really don't need any more cards, so who knows if and when I will app one. I have the Elan version of Go called Rewards+, and like it fairly well. Only thing I don't like is the $25 redemption increments.
I was thinking about how AR would fit into my setup pretty seriously, so carefully researched USBank data points to determine how much gardening I might need to do to acquire the AR. Like @Bradac56 wrote, USBank doesn't have an exact x/12 rule, but my research indicated that 2/6 and 3/12 (including the current app) seemed to be a loose rule of thumb cut off point for them. I did see a few higher approvals, as well as some lower declines that otherwise looked to be qualified.
Good luck!
13Oct22 Exp F8: 812
@Remedios I fully agree and in my first post I stated I am no way going to be approved for this as of now. It's just research to set a goal for. I'm thinking at maybe a 2 year mark after all inquiries fall off it would be a good goal to set. I keep reading about USocks in the garden and wanted to find out why they are so highly desired is all. I thank you for your input and everyone else's as that's how I have been able to be as successful as I have with my build. Heck my Discover is just about to graduate that says it all that my file is way to new lol.
@calisig wrote:@RobynJ USBank has some pretty good cards! AR 3% on all mobile wallet! Go 4% dining. Cash+ works for many. And Connect 4% gas, but has an annual fee after year one, but has a nice SUB. But since they have what seem like higher underwriting requirements, I think processing a USBank card is a bit more rare - which makes me kind of want one. But I really don't need any more cards, so who knows if and when I will app one. I have the Elan version of Go called Rewards+, and like it fairly well. Only thing I don't like is the $25 redemption increments.
I was thinking about how AR would fit into my setup pretty seriously, so carefully researched USBank data points to determine how much gardening I might need to do to acquire the AR. Like @Bradac56 wrote, USBank doesn't have an exact x/12 rule, but my research indicated that 2/6 and 3/12 (including the current app) seemed to be a loose rule of thumb cut off point for them. I did see a few higher approvals, as well as some lower declines that otherwise looked to be qualified.
Good luck!
Thank you, I hope they are as good as they are now in about 24 months.