US Bank Altitude Reserve approval odds

[Shadowfactor]

The data point on reddit isn’t the case in my personal experience.

My fiancé was just approved for AR.
Scores 776 EX, 764 TU, 765 EQ FICO 8
6 new Revolving accounts in the past 6 months. 4 credit cards, 1 store card and 1 AU account.
No negative. Has several open student loans, new car loan. No negatives. AAOA: 3.8 Years. Income : 65k
FICO 4 TU score 699

I was just approved as well.
FICO 8’s in signature but should have been in the low 700’s since I had a collection remove after I got my scores for the month.
1 negative collection from 2014 $670
AAOA: 2.2 Years. 5 new accounts in 6 months.but 3 in last 4 months.

Current US bank banking customer. Also have a FlexPerks Card for 5 months now.

We were both Prequalified for the Cash+ card and Platnium card with fixed APR’s.

I’d say you have a decent shot. But I was told by a banker when I was thinking about applying that the AR doesn’t show on the Prequalified site. But the fact that you have solid Prequalified Offers for US bank’s other cards is a good sign. USB has some leeway with the min SL. It can be below 10K.
I was approved for 5K.

If you can obtain your TU FICO 4 score. That’s the score that US bank uses for credit cards. Used it for FlexPerks and now this card.

[Viva-LV]

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wrote:

I could only find 6 or so accounts on the Altitude on Reddit. All look like scores of 700 plus. As far as the 0/6 I read that earlier on Reddit and many people have been approved that were higher than that. Looks like it's a mixed opinion from a lot of members on there. 

My last CC was open on 8/24/17 so worst case if that's true I could wait till 2/25/17 to be safe. 

I read that almost all Altitude user's applications for to underwriting for manual review. I would hope that having 50K in checking with them would help my case a little.

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I got the Alt Reserve with a 738 score.  I've been with USB for 15 years now, have four cards with them.  I'd stop by a branch, talk with the manager, ask in general what scores might qualify, without the hp.

[frank784]

My FICO 4 Bankcard score is 660 as of Jan 1.....It's probably closer to 665 or 670 since my TU score has went up about 12-15 points since Jan 1. Maybe it's worth waiting a little since 660 for a premium card seems low to me. 

Thanks

[Shadowfactor]

It’s not the bank card score.

It’s TU classic Risk score that they used for my app’s for both cards and my fiancé’s as well.

They manually review every single AR app is what underwriting told me. They might offer a instant “conditional” (without telling you) approval. But a underwriter reviews every AR app. They even have a special AR team in underwriting because my fiancé spoke with them when she accidentally added me as an AU instead of a joint account holder.

Good luck.

[frank784]

Not sure where I would find my Fico 4 score? I see it's 674 under mortgages and 700 under auto. 

I think taking a trip to one of the larger banks might help. I live in a smaller area and the local bankers don't seem to know much about credit cards from my prior experiences. 

Thanks. 

[CreditCuriosity]

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wrote:

Not sure where I would find my Fico 4 score? I see it's 674 under mortgages and 700 under auto. 

I think taking a trip to one of the larger banks might help. I live in a smaller area and the local bankers don't seem to know much about credit cards from my prior experiences. 

Thanks. 

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Yes FICO 04 is your TU mortgage score.  So in your case it is 674.  Granted score is just a gauge it is what is in your reports and relationship with Us Bank that will make or break the approval.   In all honesty you might have a shot due to having 50k with Us Bank along with not really seeking credit much recently.  It is a HP and could go either way IMO

[frank784]

Well that's better news that the 660 I thought it was. I wonder if I apply in branch if I will have a better chance that applying online. I have read mixed reviews on that as well. 

The greedy part of me doesn't just want to be approved but wants to be approved for more than the 5k minumum  

[Shadowfactor]

Good luck on your app.

Keep us posted. It’s a very nice feeling card and the welcome package is sleek.

A lot of places do accept Apple Pay even if they don’t advertise it. Always ask, you’ll be surprised.

[Anonymous]

Here is some information:  I apped for the card in mid December within minutes of aping for Ritz Carlton. I have a relationship with USBank only through mortgage. We don’t have any branches where I live. I have received mailers constantly for Flex Perks and Platinum. Never was interested in those. From time to time I would check the prequalified section, and Altitude never showed. I would see the other cards. December I was reading some posts and decided to check the prequalified section and it appeared. I apped and was approved for $24k. I’ve read what other have stated about underwriting and conditional reviews but I was instantly approved. The Ritz came back with the 7 to 10 day message but when I checked my chase app it showed immediately for $25k. 

My scores range from high 770s to 790. 

At the time I have not apped for 10 months. 

0 to 1% utilization. 

$100+ income

14 inquiries

14/24 accounts. 

My point is the show that my inquiries is pretty high and the number of new accounts may not be viewed favorably by some so you never know until you give it a try. 

Best in whatever you decide. 

[frank784]

Thank you for those data points and congrats on your approvals. The Ritz card is pretty cool with the $100 AF credit through their site as well. I love Chase so far as I have a few cards with them already. 

I am on the fence about applying. Like others have said worst case it's a credit pull so not the biggest deal in the world. I wonder if I apply in person if I have a better shot though. Time will tell though. Hope to hear some more data points before I make my decision.