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New US Bank Cash+ and Altitude Go Secured CCs

GatorCowboyLion
New Contributor

New US Bank Cash+ and Altitude Go Secured CCs

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.

 

Cash+

https://www.usbank.com/credit-cards/cash-plus-secured-visa-credit-card.html

 

Altitude Go

https://www.usbank.com/credit-cards/altitude-go-secured-visa-credit-card.html


DW cards:

CC goal:

DW goal:
Message 1 of 18
17 REPLIES 17
Brian_Earl_Spilner
Community Leader
Mega Contributor

Re: New US Bank Cash+ and Altitude Go Secured CCs

If only they had this when I started rebuilding




Message 2 of 18
NRB525
Super Contributor

Re: New US Bank Cash+ and Altitude Go Secured CCs

Yes, these are fabulous secured card options. Set your limit, up to $5k, earn strong rewards. 

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
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
Message 3 of 18
spiritcraft1
Valued Contributor

Re: New US Bank Cash+ and Altitude Go Secured CCs

That is excellent.  No need now but this is excellent for those in need.


|Biz | AU

Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = High 300's - Low 400's
8-1-18 -
Current F08 -
Current 2,4,5 -
Current F09 -

No PG Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k
Message 4 of 18
gdale6
Moderator

U.S. Bank announces two new secured cards: Build your credit and earn rewards too

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/

Message 5 of 18
FireMedic1
Super Contributor

Re: U.S. Bank announces two new secured cards: Build your credit and earn rewards too

Nice find. Those cards have some great rewards. And they graduate. The competiton has started.






Homeowner since Sept 2020. My posts are JMHO. My siggy is not to brag. Just sharing my experiences after BK from learning here from rebuild to recovery from the @ 540's.
Message 6 of 18
razzy116
Frequent Contributor

Re: U.S. Bank announces two new secured cards: Build your credit and earn rewards too

What credit score do i need to get the cards? Thank you

Starting Score: 663
Current Score: c669
Goal Score: 800


Take the myFICO Fitness Challenge
Message 7 of 18
kr43002
Regular Contributor

Re: New US Bank Cash+ and Altitude Go Secured CCs

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.

BK7 DC 5/21
5 Month Post DC
Gardening Since: Im bad at that...
Current Fico: 617 Ex 10/20/21
Goal Fico: 690 8/22
Total Credit Line $1700

Banks

Credit Cards

Loans
Message 8 of 18
kr43002
Regular Contributor

Re: New US Bank Cash+ and Altitude Go Secured CCs

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.

BK7 DC 5/21
5 Month Post DC
Gardening Since: Im bad at that...
Current Fico: 617 Ex 10/20/21
Goal Fico: 690 8/22
Total Credit Line $1700

Banks

Credit Cards

Loans
Message 9 of 18
calyx
Super Contributor

Re: New US Bank Cash+ and Altitude Go Secured CCs


@Brian_Earl_Spilner wrote:

If only they had this when I started rebuilding


You and me both!

F8 EQ: 804 | EX: 781 | TU: 782 | Accounts: 2/6 3/12 7/24 | Reporting: AZE10
Happy practitioner of AZE7or8or9or10 | Team Finances > FICO
Message 10 of 18
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