US BANK app snafu - ended up with 2 cards. What do I do w/ 2nd?

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Nexus
 
Posts: 1
Joined: Mon Sep 08, 2014 7:24 pm
Location: USA

US BANK app snafu - ended up with 2 cards. What do I do w/ 2nd?

Postby Nexus » Mon Sep 08, 2014 7:58 pm

Hey guys,

Around mid-late August, while online banking at US Bank, I was greeted with a promotional offer for a US Bank Cash+ Visa signature card. I applied for that card online.

About 2 days later (within the same week) I went to a local branch to reset my pin. While at the branch, I was asked if I wanted to open a US Bank Cash+ Visa signature card. I replied that I had already applied online and they (2 people were helping me) said that they didn't see the application. Figuring that I probably messed up or the application didn't go through properly, I applied for the card at the branch.

I received that card (US Bank Cash+ Visa signature) in the mail a week later and activated it. Over the weekend, I logged in to my bank account and saw that in addition to my US Bank Cash+ Visa signature, I also have a U.S. Bank Cash Rewards Visa Card that is capped at 300 dollars. I have not received this second card yet.

Today (09/08/14), I received a letter from US Bank "Your credit score and the price you pay for credit" which shows that my credit score is 812 (score range 309-839) from Trans Union (Fico Risk Score Classic 04). It seems like they pulled a credit score inquiry. I'm in the state of California.

What should I do with this 2nd card which is capped to 300 dollars? Keep it, toss it in the drawer or cancel it? Will canceling this 2nd card hurt my credit score?To reiterate, I have not yet received this card in the mail.


takeshi
Centurion Member
Centurion Member
 
Posts: 1733
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Tue Sep 09, 2014 11:19 am

Nexus wrote:Will canceling this 2nd card hurt my credit score?

Immediate impact from closure is to utilization but with a $300 limit the impact may be negligible. Damage from the hard pull and hit to AAoA have already been done. You can try to see if US Bank will delete the account and hard pull since their staff indicated that they couldn't find your application but I have no idea what your odds are with that.

Next time don't rely on frontline staff to look into your application status.

Nexus wrote:What should I do with this 2nd card which is capped to 300 dollars?

That's your call to make. Is it useful to you?



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