Thank you for the heads up!
I have learned about this method from DoC, Reddit and here on myFICO and can confirm it works!
US Bank's has a clear cut requirement for AR but their relationship effect for other cards is not as well defined as say BoA. Still from the DPs I gathered it is positive and non trivial.
@creditfan wrote:I am not sure if it's the case for recently changed, because it's used to you can get their cards without needing to live anywhere near their branches
You can get their cards, you can't get a bank account unless you're in their footprint. The way around it is to get a product that isn't geofenced first. In this case, the OP is planning to do some banking to increase their chances of a card approval.
@Anonymous wrote:
@Anonymous wrote:
The claim that US Bank cares about relationships is likely true.
The claim that a crappy brokerage account and checking account with $200 in it somehow counts as a RELATIONSHIP to a bank with $495bn in assets is DUBIOUS at best.
For the point of view of increasing the chances of a card, possibly. But works fine for meeting the AR relationship test. My daughter opened a joint checking account with me with less than $200, ($117.28 to be precise!) and that was enough for her to get the AR one week later.
Yeah, relationships have to start somewhere and I think every major bank is somewhat following the same pattern I know Chase is: Chase wants to be your bank for life and evolve the relationship as your own requirements change, but even just starting with just a direct deposit is something, or in LTL's daughter's case, a handful of yuppie food stamps in a depository account.
Longer term sure more assets are needed, I am still just a number to Chase with CPC, my guess is somewhere around the Private Banker level (10mm in assets with Chase) that you start really mattering to big giant bank to Dogbert's point.
I suspect all the banks are still figuring it out but when it comes to the AR at least the requirements of a relationship are pretty slight.
Trying to get a discount on your mortgage, if USB even offers that, is likely going to take substantially more than that just sayin'
@Anonymous I appreciate your feedback, but I don't think it's necessary to take out an auto loan or mortgage to apply for a credit card, especially when I don't need to take out a mortgage or loan. Also, I never said that I was only going to put $200 in my accounts, nor how long I am going to hold these accounts before applying for the card. The only way to build a relationship with a bank is to have accounts with them, and I was simply explaining how I was able to open these accounts. Now I can invest or save as much money as possible. Hopefully someone looking to open an account can use the info I provided 
@Anonymous wrote:@Anonymous I appreciate your feedback, but I don't think it's necessary to take out an auto loan or mortgage to apply for a credit card, especially when I don't need to take out a mortgage or loan. Also, I never said that I was only going to put $200 in my accounts, nor how long I am going to hold these accounts before applying for the card. The only way to build a relationship with a bank is to have accounts with them, and I was simply explaining how I was able to open these accounts. Now I can invest or save as much money as possible. Hopefully someone looking to open an account can use the info I provided
You missed the point focusing on auto/mortgage. The point is, generate revenue for the bank. THAT makes a relationship. If that's what you intend, GREAT. God Bless. Unfortunately, 99.9% of the folks who get on here and talk relationship w/ us bank intend to open a small account, MAYBE use it as their primary FI (5-10K in/out each month, with EFTs mostly, generating zero revenue for the bank) and then hope that counts as a relationship. Folks with a heck of a lot more than that have been denied.
Sometimes, it just depends on how US Bank is FEELING, too. Until this new Altitude Go release, yes they had cards, but it certainly wasn't - or didn't seem like - a huge point of business for US Bank. I think it was Remedios that tried to recon a denial from USB last year. She is an established client. They laughed and told her to try back in six months when they had fewer apps. Might not have been Reme, which is why I'm not tagging her - it was one of the well established contributors or mods. Point is, they can adjust their approval criteria periodically based on how many applications they have, how much overall exposure they have compared with their other asset classes, etc. This concept of a true relationship with a top-10 bank on here - for anyone except maybe Raj, who has more approvals than God himself -- are going to be hard to come by with a normal DDA/savings/investment relationship.
