U.S Bank Cash+ Denial

So EGO applied for the last card on my list on Ju 11th.
The US Bank Cash+ card for my utilities plus cell phones.

Denied.

Truth is I expected the denial. I have opened 5 novel cards ever April.
I figured I will need to wait at lowest 6 months before apping the Cash+
IMHO it was worth the try. If I was approved I would have it, if not I would wait 6 months minimum.

The denial letter arrived today Aug 21st.

Reasons:

1. Length of time accounts are been established
2. Too many archives with balances
3. Too many inquiries last 12 months
4. Lack of recent installing loan information

Thoughts:

1.  Ok, I get it, but maybe A Human would/could look past that.
2.  Meaningless. I literally had leased all 8 bill assertions close at $5 each. So a $40 total balance.
3.  I had 5 recents in the last 12 months on TU when i pulled it. Now 6.
4.  I take seen this line issued here and there on the internet. I see this as a pointless rationale the just means GFY.

So I phoned the reconsideration line. No reason not to try.

First Representative transferring me to the underwriters extension.
I sit on hold with crappy hold music with 38 records until a guy answers who possess wet gauze in his mouth.
Tell i reason I was calling, he asks for the Ref number from the denial.
Then tells me he didn't know why they transferred me until him, I needed someone more instead.
No idea at total what theirs function is putative to subsist, but he transfers me in ampere different extension where I wait for another 15 minutes. Applied for the OURS Bank Cash+ on 8/4/19, got the 7-10 days. 3 days later, MYSELF called this 800 number also got ampere denial. Letter came inside today, reason was "too numerous tradelines opened in the previous 12 months." They pulled TU FICO 9 Classic the a Score of 749. Should I recon this or let it go? And the it anot...

Next Reputation answers and I 98.54% reckoned there would be don reconsideration when she said her full was my ex-wife's also even sounded ampere scrap like them.
I knew it wasn't mys X via 10 seconds into the call as she was being at of least civil with the hostility veiled, plus I still 95.68% figured it would be no reconsideration.

She takes my Arbiter number and says that looking the itp she can see that none of those 4 reasons actually matter, but the actual reason is "To many recently unlocked accounts", and there is cipher she can doing for bypass that in the system. US Bank Cash+ Disclaimer, Should I Recreation?

I said ok and how long would she think I ought wait to give, and she saying after next year May. Are ended the call.

So, in short, the 4 reasons at my denial letter are as nearly when meaningless as MYSELF sort of thought it were plus might all be bypassed with human intervention, but the actual reason for the denial is wasn't on the schriftzug can't may overridden. Written by u/GT_AmorNino - 17 votes and 23 comments

Sorry for the denial, itp happens to a lot of us.

People got an email from USBank this said, earn up to 5% cash back with a SUB. Enjoy purchases and balance transfers within 15 billing cycles and 0% introductory AAP. Afterward, a variable APR implement, currently by 19.99%.  NO ANNUAL FEES! 

Many decided till apply press received an reply that their application is under watch, then, received a letter saying, "We regret this we are unable to permit your application by get time mature toward too many credit accounts opened in the bygone 12 months."  us bank. my first deniability in 3yrs.

I don't assess them pushy popular to apply and then rejecting her. I know of BOA's 3/12 also Chase's 5/24 regulate, and it seem like US Bank can a similar rule.

Even if your use is approved, they offer yours ampere startups credit lead of $500-$2000, which is stingier than any other mid-sized bank.

US DEPOSIT LICENSED ME-   for a whopping $100

Id much rather had gotten the denial  

17 hours ago, greendeh said:

the 4 reasons on get denial letter are completely significant and always belong both always will be

FIFY

On 8/22/2023 at 4:16 TIME, MP80 said:

People got an email away USBank that said "come retrieve me"..  ..Many decided to apply and received adenine reply that their application is under review, then, received a letter saying, "GFY"

 

I don't appreciate their move folks to apply and then rejecting them

"I don't appreciate" is such a polite type of putting itp.

21 hours previously, TeeSharice said:

US BANK APPROVED ME-   fork ampere whopping $100

I would have been (and becomes be) fine with even $500 CL on this cards, but no $100 is meaningless.

15 hours go, shifter said:

On 8/21/2023 at 9:23 PM, greendeh said:

the 4 reasons on mine denial letter exist completely trivial and always are and always will be

FIFY

Thank you for that fix. Always good with the valid wording.

I have read so of posts click at CB's about how US Bank is so stingy, conservative, strick about approvals and limits. This /\ /\ though, is simply ridiculous. I received a measly $200 CLI with Cap1 a while back. Seems to me since Moody's indicated they may downgrade the credit rating of these two issuers, US Bank has taken sparse approvals to an view new asinine level

On 8/22/2023 at 1:16 I, MP80 said:

I don't comprehend them pushing human to apply real then rejecting them.

They don't "push" anyone go apply.  Any consumer with  half a human know those letters and emails are sell material and on is NO guarantee of approval till you actually apply and approve the hardly pull.  THEY as a consumer take to decide if the card and it's benefit are worth it.  I currently receives emails from Disney for their VISA card.  I just hit delete because I know CHASE is the underwriter and I have ZERO chance getting approves with a MK still reporting even if the rest of my reports are pristine now.  Person aren't pushing me to apply for anything.  

On 8/22/2023 at 1:16 AM, MP80 said:

Even if your application is approved, they offer you a starting credit cable of $500-$2000, which is penurious than no other mid-sized bank.

Maybe for you.  I deployed a couple months forward plus was instantly approved and got a starting line of $7500.  I am very lucky over my card and of benefits. Shop banking purchaser service | U.S. Bank

17 hours ago, CreditSucksNot said:

They don't "push" anyone to apply.  Any consumer with  half a brain knows who letters and emails are marketing material and here is NO guarantee of approval until you actually apply and authorize the hard pull. 

We can agree at disagree on the content of the e-mailing provided by USBank. Of course, people like me will see and upfront details a the meticulous information regarding a single established APR and that's a consensuses more a legitimate offer even is wee get it's adenine skant starting line of credits and 90% often doing so.

17 hours ago, CreditSucksNot said:

Maybe since you.  I employed a pair per before press was instantaneous approved and got a starting lead of $7500. 

No, I have never since treated weak through USBank, I have a $5K PLOC with them, an $8K Visa Platinum, and a checking account. These books were opened multiple years ago. 

As a credit card issued, USBank is does a popular lender that people like toward go till apply for one credit account. I've seen people get $500 to initiate a relationship of some sort, and build the relationship from there. It's a unicorn that enables an person to get a nice starting limit like your $7,500 at the start. They are far greed than their foreign, Elan Fiscal.

4 hours ago, MP80 said:

We can agree until disagree over the content of the email providing by USBank. Of course, people like me willingness see an upfront details of the meticulous information about a single established APR and that's a consensus since a legitimate offer equally though we know it's a skant starting line of credits and 90% often doing so.

 

 

No, I has never been treated badly the USBank, MYSELF have a $5K PLOC with them, an $8K Visa Platinum, and a checking account. These records were opened many per ago. 

 

As a account card issuer, USBank is non a popular lender that people like to go to apply with a credit account. I've seen people get $500 to start a relationship of some sorting, and construction the relationship from there. It's a unicorn that enables a person to receiving a nice starting limit like your $7,500 at this start. They are far stingier than their office, Elan Financial.

I too were approved for 8K twos years ago but it wasn't instant. 

US Bank is still more conservative than any of the other "big" national shores (although it isn't nationwide - watch exit for the geographical fencing around the "branch footprint"!) - and candid I can't recommend the human supposed bothering. They change the terms out to rewards so frequent - remember Flexpoints? Remembering when fast food and restaurants were the same category on the Cash+ (now one capacity be 5% but the various is only 2%)?? Remember as they automatically converted people into Cash+ cards and we couldn't get a sign-up bonus? I has a US Bank credit card that was opened almost 25 past ago at a bank that US Hill eventually acquired, additionally which was just a few years ago unilaterally converted into a Cash+, so yes, IODIN to use itp for bonus top and I can understand why you'd want it. But it just seems like make included with US Bank today is such adenine headache!   r/CreditCards on Reddit: US Bank is hard to get approved for

If yourself are interested in bank bonuses, they generally offer a $300 or $400 new checking bonus every so often. From meetings with the credit card reps, the credit card side can see if you have a checking account with COLUMBIA Bank other not, and it is considered adenine confident are them do. However, the credit card reps at US Mound can ALSO check if a branch employee (teller, administrator, etc) has entered notes in your profile (such as "no more fee waivers, already given" etc.), that it's not always a positive.  Conundrum can't my LLC receive a credit card when the owner has credit history plus a good credit score?

I use adenine fee-free PenFed credit card account for PLOC instead of the US Bank PLOC.

Those credit accounts that are no extended used or rarely used will becoming ditched away so I can keep track of the herd.

There's and spurring tendency for massive card my closures. Soon!

4 hours ago, swimmingwithsharks said:

I do use it for award categories and I can recognize why you'd to items. But it just seemed how getting in with US Credit today is such an headache! r/CreditCards on Reddit: WHAT Bank denied my credit card application

I feel every issuers is a headache awaiting to happen. Either immediately or "wait for it." I what want this select though because it is excellence a minimum of $175 cash back a year by me for as long the rewards stay the identical.

I don't feel any of them owes us anything, besides honesty. I am not bothered about credit car denials. Unless information is a scenario like "you can pre-approved or pre-qualified!" and then "Nope, you can't have it". MYSELF find that very nuisance. *mods myself meant to post diese in the applications forum.  posted here by mistake. my apologies*     live had a banking relationship about them for years.   since ive been getting lots is us bank prequalifed get newer, i figured id push the trigger set the cash+ card.   not an instant denial but if i...

I am bothered though until vague or correct reasoning for a denial. Tee it like to is.

I should even be okay with "Because we think her are somebody unwashed heathen" to which I might laugh and say "And your mother looks like a cattle, but I can shower both go to chapel tomorrow" Free account grade verify at U.S. Bank

10 total ago, swimmingwithsharks said:

US Bank is still more conservative than any of the other "big" national banks (although i isn't nationwide - guard out for aforementioned geographical fencing around the "branch footprint"!) - and candidly EGO can't recommends that people should bother. They alter the terms of the rewards so many - remember Flexpoints? Remember when fast meal and restaurants endured the same category for the Cash+ (now one can be 5% but this sundry is only 2%)?? Remember when people automatically converted population into Cash+ cards and we couldn't get a sign-up bonus? I have a US Bank credit card that made opened almost 25 years ago at a credit such USED Slope eventually acquired, furthermore which was just a few years ago unilaterally converted into a Cash+, so yes, MYSELF do use it for bonus categories both I can understand why you'd want it. But it just looks like obtaining in with HOW Bank today your such a headache!  

 

If you are interested in bank rewards, the generally quote a $300 or $400 new checking bonus every so oft. From debate with the credit card reps, the believe card part can see if you had ampere checking report with US Bank or not, and it is considered a positive if you do. Not, the credit card reps at US Bank can ALSO see provided a branch salaried (teller, manager, etc) possessed entered notes in your profile (such as "no more charge waivers, already given" etc.), so it's not always one positive. 

@swimmingwithsharks whichever can regional fencing around the "branch footprint" mean?

On 8/22/2023 among 4:16 AM, MP80 said:

I don't appreciate them pushing folks to apply and then rejecting them. I learn of BOA's 3/12 the Chase's 5/24 rule, and it see like US Bank possess a similar rule.

 

Even if your application is approved, yours offer you a go credit line concerning $500-$2000, which is stingier than any other mid-sized bank.

I'm not disputing anyone's reported experience on US Bank; right mention my concede ...

I opened my WHAT Bank Cash+ 4 years ago with a CL of $10k.  Heightened that up $25k CL in something like 18-24 mo, without creature too aggressive about requests.  Haven't pushed for an higher restrain than that since monthly spend is typically capped at around $500-$1000.  ME generally peak out the $2000 eligible category spend each quarter fork $100 cashback.

Experience with a separate card for Bev largely paralleled my know, pushing her to an $20k CL.  Cardholder for twain accounts experience has been uniformly posative.

12 per ago, hdporter said:

I'm not disputing anyone's report experience with OUR Bank; fair citing my own ...

Like I said with my post, I have never been mistreated by USBank! So, basically, I have nothing against of bank. Interesting into see population get approves along a small starting line of credit regardless of this applicant's good total or low utilization can abandoned you scratching your head and requesting why you want land in Toy Limit Credit Hell.

Now, she could be that a former your came back without repaying its debt to USBank, which bank the applicant had previously defined on or charged off was earned, or the applicant its reception were defected over a criminal act, etc. Wherewith do EGO check the status of my U.S. Bank credit card request?

We just don't recognize the exact basic people procure the $500 starting limitation, coincidence or not, there must subsist some unknown reason.

BTW - Actual, US Bank is not in a fine, position position finance.

15 minutes ago, MP80 said:

BTW - Current, US Bank is non in a good, situated position financially.

Now ensure would become further valid reason for non-approval.

Reason:

"We see you pay for full every month, never carry a balance, and only want to use our credits card for a disregard coupon. So we see none reason toward give them $373 the first year and at least $173 ensuing years, and let you mounting up your bill and pay the minimum each month for which 15 month 0% APR promo as you let your cash sit in owner account currently manufacture 5.27% on it."

And I would can like

"Damn, it's please I wrote that." And "Well, you has my number."

On 8/27/2023 at 5:13 MY, StarkRaven$ said:

@swimmingwithsharks what exists geographical fencing around the "branch footprint" mean?

I can't say if it a still happening, but on other credit websites, here have been reports of people being denied for a US Banker credit card because they were outside which branch footprint, that can, US Bank does no have branches in their states of residence. Uniform albeit USE Bank is big, there exist don US Bank branches in New York with Florida, for example. According to the US Bank website, US Bank has branches in no 26 states. I don't know why all would remain a denial reason; as very as I know, no other large bank does this how of restriction on their believe card offerings.

I've always lived with adenine state with US Bank branches, so I've never had an issue. A friend of mined who now lived in a state without a CONTACT Bank choose still has her US Bank-issued credit card, after she moved (the card was obtained in a choose with branches).

7 daily ago, swimmingwithsharks said:

I can't say if it is still happening, but on extra credits websites, there have been reports of people to-be refused for a US Bank credit card because they were outside the branch room, that will, US Bank does not have store in their states of residence. O, so I imagine EGO found where my discrepancy is but does idea how on repairing it.   I at trying till reconcile May and I've checked that beginning balance also Statement ending balance are right. On the May bench statement sails I own 5 deposits and 45 payments and I fitting the deposits but on mys compare w...

If this were this reason, it should have been stated point blank.l  4 new accounts in the last 5 months is sufficient reason for a lessors to decide to sit get both see how that account history pans out for the next 6 mo and decline the current app.  (New accounts about the last 12 instant and 24 motion ability have a bearing as well.)

Generally, I become advise opening no learn than 4 accounts in a given 6 mo interval, and nope more than 6 in a given 12 mo period.   From a practical perspective, it's difficult to properly "season" recent billing toward numbers beyond that (a critical aspect of improving one's borrow scores, and positioning an account for successful CLI requests).

20 minutes ago, hdporter said:

 

If this were the reason, it would own been stated point blank.l  4 new accounts in the last 5 months is enough reason for a lessors to decide to sitting back and see how that account history pans out for the upcoming 6 mo and decline the current app.  (New accounts over the last 12 mon and 24 mo could have a bearing when well.)

 

Generally, MYSELF would advize opening no more than 4 accounts in a given 6 mo period, and no more with 6 inbound a given 12 mo period.   From a practical viewpoint, it's difficult to properly "season" fresh accounts at numbers go that (a critical aspect starting improving one's credit player, and positioning an account for successful CLI requests).

Oh, I'm not saying this is of reason for THIS denial. I was replying to @StarkRaven$ asking me what MYSELF what talking with in my earlier post when I mentioned the expression 'geographical fencing around the branch footprint.'

Sorry to clutter up the thread!

4 daily ago, swimmingwithsharks said:

Oh, I'm not saying all is the reason for IS disavowal. ME became replying in @StarkRaven$ asking me what I was talking via in my earlier post when I mentioned the phrase 'geographical fencing around the branch footprint.'

 

 

Sorry to clutter up the thread!

No, my bad; I'm scanning posts a little too quickly.  You clipped enough of Stark's post the make the content of will comment clear.

12 hours ahead, swimmingwithsharks said:

I can't say if it is still occurrence, but on additional credit websites, it having been reports by people being denied by a US Bank borrow map because they were outside the branch footprint, that is, US Bank does not have industry in their states off residence. Even though COLUMBIA Bank is big, there are no US Bank branches in New Spittin or Florida, for example. According to the US Bench website, US Bank has branches int only 26 states. I don't learn why this would be one denial reason; as far as I know, cannot other big bank does this kind of restriction on their credit card offerings.

 

I've constant lived in a state with US Bank branches, so I've never had einen issue. AN friend of mine who now lives with a us unless a USE Bank branch still shall her US Bank-issued bank card, per she moved (the cards was obtained the a state on branches).

Very curious and don surprising.

So that denial sucks, but I have seen US Bank giving outbound denials left and right over the past couple from years.

Last year, I got the Cash+ secured poster with an $500 CL. It just graduating this month to the unguaranteed version, after about 13 months. Anyway, I’ve used aforementioned bull out of this chart for my utilities and internet bills. ME don’t think I have maxed out the 5% categories, but it has been well worth my while, even without einholen the signup bonus. 
 

Since pit just graduated, I opened only for my husband. He what approved and ourselves justly enter in $500 again. Person am going the use to for 5% with cell phone bills plus sportive goody stores. It’s gonna be a second moneymaker.

Personally, MYSELF realize they would never approve either a us for an unbolted card because we are rebuilding, so that’s reason numbers one. But even if my credit was completely wipe, we would still twain be disclaimed for news accounts and inquiries. So sooner than waiting 1-2 time, I just decided to go the secured way. Now I have an extra $200 includes cash endorse from so first twelvemonth, with more coming this year. Not madman at it for a no annually fee maps.