Update: Approved USBank Line of Credit

[Anonymous]

Thx AJC.

Irish-Sorry. I was confused once I changed the title to Approved. Seen lots of LOC approvals in here so that's where I thought it was supposed to go. Wasn't posting it "to make more people see it" -I was trying to do the right thing.  Thought you originally moved it because it wasn't an approval nor an application.  Didn't know you moved it for that reason, but it certainly wasn't for the reason you thought.  I assumed people looked in approvals to get help, DPs, and do research-not to congratulate people

[Anonymous]

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@Anonymous wrote:

Thx AJC.

Irish-Sorry. I was confused once I changed the title to Approved. Seen lots of LOC approvals in here so that's where I thought it was supposed to go. Wasn't posting it "to make more people see it" -I was trying to do the right thing.  Thought you originally moved it because it wasn't an approval nor an application.  Didn't know you moved it for that reason, but it certainly wasn't for the reason you thought.  I assumed people looked in approvals to get help, DPs, and do research-not to congratulate people

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No problem, it happens and it's not that that big of a deal and I apologize for misinterpreting your reason.  I did move it earlier.  As for threads on LOCs in CC Approvals, we do our best to move them as we see them or they are reported but some are missed.  

[Aduke1122]

Super awesome approval Dj , I am hoping to see that red banner some day soon

[Anonymous]

Thx Aduke. Sometimes it doesn't have it. For instance this time I called in to close one of my savings and I asked and had the Premier Line PreApproval. It didn't tell me on the site. So it doesn't hurt to call once every mo. or two and ask either.

[Anonymous]

Aduke.... 1 more thing...You can always ask if you have any soft pull CLI's avail. If you don't they will offer to send you to UW so you can ask them if they would be willing to use their last SP. I have never been told no on that the 3 times I asked, and 2/3 were approved.

[Anonymous]

Anyone have this line? I have questions I can't find answers to.

1) What's the difference between a Cash Advance and a Cash Equivalent Advance?
2) Does the due date change each month based on when you take the advance?
3) Is the Visa Card given just for ATM Advances or can you use it as a Credit Card?

4) What's the difference between the Premier Line of Credit and the Premier Line Plus?

The T&C I am reading seem to be missing a lot.

[Anonymous]

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@Anonymous wrote:

Anyone have this line? I have questions I can't find answers to.

1) What's the difference between a Cash Advance and a Cash Equivalent Advance?
2) Does the due date change each month based on when you take the advance?
3) Is the Visa Card given just for ATM Advances or can you use it as a Credit Card?

4) What's the difference between the Premier Line of Credit and the Premier Line Plus?

The T&C I am reading seem to be missing a lot.

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US Bank offers the "Reserve Line of Credit" and "Premier Plus Line of Credit" (PPLOC) which sometines is referred to as a Premier Line of Credit (same exact thing). Reserve Line of Credit is $500 to $5,000 credit limit and is directly attached to a checking account (overdraft protection). The Premier Line of Credit is a stand alone credit product of $5,000 to $15,000 (although they more go higher) credit limit that has it's own checks, credit card (Visa) that can be an ATM Card or use it like any other credit card along with the ability to link the Premier Line to a checking account at US Bank if you desire as overdraft or in the event you want to transfer some money into your checking account. Very flexible and the interest starts running the minute $0.01 cents hits the PPLOC. In order to have the PPLOC you have to be a customer of US Bank and have a checking account. US Bank has an internal "Customer Relations Score" that they use in awarding the products. Generally, they look for 6 to 12 months of a relationship to obtain the PPLOC. As to due dates, they assign the date at the time the account is opened, I requested a change to the date and was denied but that was several years ago (times may have changed this).

[Anonymous]

Thx. I have both the Reserve and the Premier. I was confused because on their website it never says "plus" yet when it showed up online it was called Plus. Thought maybe it was like Visa and Visa Sig. since I got a high limit (tho had no clue I got the max)

Thx for the info

[Anonymous]

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@Anonymous wrote:
Thx. I have both the Reserve and the Premier. I was confused because on their website it never says "plus" yet when it showed up online it was called Plus. Thought maybe it was like Visa and Visa Sig. since I got a high limit (tho had no clue I got the max)

Thx for the info

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The US Bank Premier Plus Line of Credit offers the Platinum Visa Credit Card that uses the line of credit like a credit card limit. Note, it is not connected with any rewards or offers for such. Also note, the PPLOC is set up at a lower rate of interest than most credit cards (a plain jane credit card for a lower interest rate). Many other lenders do not offer the credit card, checks, stand alone account status or the optional ability to connect directly to a checking account. Use all the options with mine.

[Anonymous]

Wow Djgrolyos congratulations on your US Bank line of credit!!