22 Things Everybody Should Know About US Bank Credit Cards

US Bank doesn’t have the the most enticing credit card offerings, but they do have a few credit cards worth applying for. Before doing so (or if you already have one of their credit cards) there are a few (

  1. Before applying for any US Bank credit cards, you freeze your SageStream & ARS credit reports. US Bank checks these reports, but it doesn’t seem to help in the approval process at all, just another reason to deny you. Although you will need to have these unfrozen when you sign up for a US Bank checking account (they sometimes offer promotional bonuses, don’t need to be unfrozen if applying in branch).
  2. (Not currently able to check pre-approvals for US Bank) US Bank allows you to view your pre-approved offers before applying. This can be useful for people that don’t have great credit, just remember that this doesn’t guarantee pre-approval.
  3. There is at least one data point of US Bank merging multiple inquiries in the same day into a single hard pull. That being said, US Bank is quite difficult to get approved with.
  4. There is no hard limit to the amount of US Bank credit cards you can hold. But keep in mind that the more cards you have with them, the more difficult it is to get approved.
  5. If you are denied for a credit card with US Bank, make sure you call their reconsideration department. You won’t always get approved, but it’s worth a call anyway. If you haven’t called reconsideration before, read these tips first.
  6. US Bank won’t agree to pull a different credit report if you have the one they want to use frozen. You can’t eve  give them a PIN to access the frozen report.
  7. It’s possible to churn US Bank credit cards. Just keep in mind they are such sticklers when it comes to approval.
  8. US Bank reports your credit utilization based on what it is on the 1st of each month. This is useful to know if you need to reduce your credit utilization for FICO score purposes.
  9. You can also change your statement closing date. It might make sense to change it to just before the end of the month, that way you’ll always show a low balance (as mentioned above).
  10. When it comes to credit limits, US Bank is quite weird. They will usually do a soft pull when using the online form or via phone but this is no longer always the caseFor reallocations, they don’t seem to offer them anymore
  11. If US Bank increases the sign up bonus of one of their cards that you’ve recently applied for, they should match it. US Bank don’t mess with their sign up bonuses often, so we don’t have a lot of data on them but it’s worth a try.
  12. If you cancel your card within 30 days of the annual fee posting, they’ll refund it for you. Can be useful if you forget to cancel the card before the annual fee hits.
  13. You can’t product change between brands (e.g Club Carlson to Cash+). If you do want to downgrade a US Bank branded card, then the Cash+ card is likely to be your best option with your choice of 5% categories (even if most of the good ones are gone).
  14. US Bank offers a referral program. If you want to refer one of your friends to one of their cards, then you can get a bonus of up to 10,000 points per referral.
  15. When meeting minimum spend requirements, the clock starts when your card is approved.
  16. Spend on authorized user accounts doesn’t count for minimum spend requirements. Only spend on the primary card counts.
  17. US Bank will usually waive the annual fee on FlexPerks cards when calling retention. Actually they’ll just give you enough points to offset the annual fee, but same difference really (actually a little better since you could pay the AF in cash and then use the points to get more than that value in travel redemption).
  18. It’s not possible to get sign up bonuses paid out earlier than expected. So make sure you apply with plenty of time before you want to redeem those points/miles.
  19. US Bank waives the fees on their checking account if you have one of their credit cards. This is useful when they are offering a sign up bonus on those accounts. Personal credit cards will waive the fees on personal accounts and business credit cards will waive the fee on business accounts.
  20. US Bank doesn’t report business credit cards to the personal credit bureaus which is useful for keeping your credit report cleaner.
  21. You cannot check your application status with U.S. Bank online, instead you must call them on (800) 947-1444.
  22. If you have auto-pay set up with U.S. bank they will pay the full statement balance if you make a partial payment, we’re unsure what they will do if you make the full payment. 

You can view other posts in this series by clicking the links below.

If you want to discuss any of this in the comments, please do so. I’d recommend not referring to each item by it’s number, as that changes as we add in more/remove others.

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Bertrand

DP (contrary to #6 in this post): in the past, US Bank has always pulled Experian for me (I live in New York). Prior to applying for the Biz Triple Cash, I froze my Experian. They still processed my application and pulled Transunion instead. William Charles

Also, I applied for the card on a Saturday but they didn’t pull my credit report and review my application until Monday (I was approved same day).

Next
Next

Looking at the Business Leverage as biz sole prop (no EIN/doc) – do they ask you a bunch of business related question on recon?

I do have a US bank business checking but being as my biz in new, do they take zero annual revenue or would they want an estimated income (i’ve read old post saying min 2K)?

thomasthorn85
thomasthorn85

I applied for the Leverage and the Triple Cash on the same day, but it was a Saturday. Both apps went pending. First hard pull on the Saturday, second one came on Monday morning .

I have a previous relationship with US Bank. One business card, one personal , and a biz bank account.

Lela
Lela

I triple dipped US bank- one personal, 2 biz, applied for all same day. AR, Leverage biz, Triple cash biz. 1/12, 3/24, 0 pulls showing on TU, 799 TU FICO. AR instant approved, biz cards took 2 days to process. No bank account but have an REI credit card with them since 2008. Phoned and double checked that I did show up as a customer in the system. 3rd cc was applied for through a link e-mailed to me by a local banker.

Bertrand

Lela Did you apply for these cards on the same day? I just applied for the Biz Leverage and Biz Triple Cash on the same day. My Leverage app was approved, but my Triple Cash was not processed and I was told it was because it was considered a duplicate application.

Doc_Liker
Doc_Liker

P2 applied yesterday for Altitude Connect, Triple Cash and Leverage (all same day). Since AC was applied first – got approved instantly but TC and Lev went to pending status stating 7-10 review time. Need to wait and see whether they process and outcome on the rest of the 2 in that prescribed time frame.

Doc_Liker
Doc_Liker

PS – Today, P2 got approved for the rest of 2 Buzz cards as well with a credit limit of $3k each. (Didn’t call nor emailed)

some background,
1. Have an existing Buzz checking account and personal CC.
2. Credit Karma/EFX shows they pulled EFX “Twice” for all these 3 CCs (Don’t know why twice eventhough its same day).
3. TU – 0/24, EFX – 1/6, 2/12, 2/24. EX – 0/24
4. Credit Score – 730

Will I be able to dispute the 2nd pull? Pls suggest.

Bertrand

Thanks for the DP. Unfortunately I don’t think you have any grounds to dispute the second pull. There’s no rule that banks have to merge same-day applications into a single pull.

FN
FN

“Spend on authorized user accounts doesn’t count for minimum spend requirements. Only spend on the primary card counts.”

Nearly applied for this card to use an authorized user’s spending to meet the $4500 minimum spending requirement. Is this a common rule given the primary card holder is responsible for paying off the entire balance anyway.

EMC
EMC

“Spend on authorized user accounts doesn’t count for minimum spend requirements. Only spend on the primary card counts.”

DP: This is no longer true. I have authorized users on my account, and my spend was only about half of the MSR. Bonus posted for altitude reserve once statement closed,

Vengenceonu
Vengenceonu

I was just approved for a US Bank Leverage Business Card after being 7/6 (3 personal) and 11/12 (5 personal). I honestly didn’t expect to be approved as they’ve denied me for much less. I wasn’t instantly approved but I didn’t have to recon because they took the full 3 days to review my account and approve me.

anthonyjh21
anthonyjh21

The Leverage business card comes with cash advance turned off by default which is nice.

Tanya
Tanya

Applied Business Leverage with 1/6, 1/12, 8/24 and got approved for it on the same day applied/approved Citi Premier.

Josh
Josh

Applied for Altitude Go on 9/10. I was on 2/6 and 3/12 and got denied. Called recon and was told “too many new accounts”.
I’m 2/6 and 2/12 today (11/18) and applied again. Interestingly got approved immediately.

K
K

Interesting, I’m also 2/6 and 2/12, got denied for cash+ 8 months ago. Now I got targeted email offer for cash+. I wonder if my odds are any good, seeing people being denied with fewer than 2/6.

K
K

Update: instantly approved

K Man

Just applied now for connect, got denied. Will try to recon tomorrow. Wife got approve Go with only 1 year credit history….smh

Aaron
Aaron

Seems like US Bank is big on 0/6 and 1/12. Any hint on if they are about 24? Looking to apply for Cash+ card and almost to 0/6 1/12 (accounts not pulls), but still at 9/24. Can’t find anything on if they’re 24 sensitive.

SG
SG

Positive DP: 10/23 applied with 4 years of “business” with revenue 18k. Experian was pooled, I was at 6/24, 0/6 and 1/12. Denied due to – too many card recently opened and no long-term business information. I have US bank checking (balance <$100) and brokerage account for 4 months. Called again 11/10 and requested to manually review my application. Approved on 11/11.