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cash + redemption

Highlighted
Super Contributor

Re: cash + redemption

Wow I didn’t know anything about that. So that’s a one time thing if you’ve ever redeemed you’re not able to avail yourself of it? Because if I can I’ll try, tell me how. Or is it useless since I’ve already redeemed in the past? You did say one time?
-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Oct 2020 New Account Scorecard.Nov 2020, No New Account Scorecard (reassignment conflated with aging. EX9 not updated yet. Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.


RIP:
(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 11 of 16
Highlighted
Super Contributor

Re: cash + redemption


@Birdman7 wrote:
Wow I didn’t know anything about that. So that’s a one time thing if you’ve ever redeemed you’re not able to avail yourself of it? Because if I can I’ll try, tell me how. Or is it useless since I’ve already redeemed in the past? You did say one time?

It was a one-time benefit if you redeemed $100 in one go. So a reward for gathering a large volume of transactions. There's no harm in trying to see if you get it, since you still get the $100 and might get the $25 extra.

Unless someone has clear info that it's no longer valid.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 12 of 16
Highlighted
Super Contributor

Re: cash + redemption

OK cool so just save up $100 before I redeem and redeem $100, maybe I’ll get an extra 25? I’ll try it!
-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Oct 2020 New Account Scorecard.Nov 2020, No New Account Scorecard (reassignment conflated with aging. EX9 not updated yet. Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.


RIP:
(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 13 of 16
Highlighted
Mega Contributor

Re: cash + redemption


@Birdman7 wrote:
OK cool so just save up $100 before I redeem and redeem $100, maybe I’ll get an extra 25? I’ll try it!

Yes, worth a try if you are reaching $100 fairly quickly.   I found the change to just once was Apr 2015

 

https://www.doctorofcredit.com/u-s-bank-cash-card-25-bonus-now-limited-to-once-per-lifetime-rather-t...

 

so plenty of time for them to nerf to 0, but didn't find any article saying that they had.   And I found a blog article from 2020 talking about this feature...   so try and let us know!

Message 14 of 16
Highlighted
Super Contributor

Re: cash + redemption

I definitely will! I’ll have to check and see how long it will take me. I normally put internet/ electronics on it. Might get some electronics for Christmas we’ll see. I’ll report back once I figure it out.
-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Oct 2020 New Account Scorecard.Nov 2020, No New Account Scorecard (reassignment conflated with aging. EX9 not updated yet. Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.


RIP:
(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 15 of 16
Highlighted
Super Contributor

Re: cash + redemption

Hummmm, if that works it can effectively make your 5% CB category (if that's how you roll with the card) a 6.25% category.

Message 16 of 16
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