Well I just checked my US Bank iPhone app and it does have a box / click saying “Location Services. Reduce card decline and improve account security “. This leads to a page suggesting turn on location services. So with my selections, I have not opted in.
Location on services on all my bank apps are only “while using”.
I am not disputing that location data may play some role in approvals, but it is only one of many inputs to the algorithm at each bank.
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