US Bank Cash Plus Visa Signature?

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FutureBillionaire
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Location: Down South

Postby FutureBillionaire » Thu Jul 12, 2012 1:30 pm

I'm more worried about inquiries because I'm going to refi my house soon, hopefully.

My rejection letter for my credit limit increase from US bank made mention of inquiries, revolving accounts with balances, and balance of installment loans relative to their limits. I didn't do a good job when I got my home loan, so that's what is impacting me there.

All of my scores are over 750, so I will pay down one of my cards some more and then apply for the us bank card.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape


MemberSince99
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Location: WI

Postby MemberSince99 » Thu Jul 12, 2012 1:37 pm

Ratfacedudeguy2 wrote:Well, whenever it is that I do decide to pull the trigger on that, this thread has officially convinced me to go for the Mastercard version. The World Elite logo definitely looks way cooler than the Visa Signature one.


I'm with you, I'd rather have another Mastercard than Visa anyway as I already have two visa signature cards. And you are so right the logo just does look cooler.

You wanna know something and this might sound nuts but I had Amex BCP, in the pictures online it looks cool but in your hand, it looks cheap and cheesy. The gold and zync look way better. I know it's JUST a credit card but still!

milkman12
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Website: http://www.milkthepoints.com
Location: California

Postby milkman12 » Thu Jul 12, 2012 7:53 pm

jeffysdad wrote:Looks legit and very interesting. I didn't notice anything about caps


Confirmed with a rep today, no cap.
Amex Blue Cash Preferred (groceries, 6%; gas, department store, 3%)
US Bank Cash+ (bills, 5%; restaurants, 5%)
Fidelity Investment Rewards Amex (2% across the board)
Discover Escape (2% across the board)

hematino
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Location: Atlantic City, NJ

Postby hematino » Fri Jul 13, 2012 7:52 am

Still waiting for my FlexPerks to arrive in the mail so I can try and recon to a Cash+.

By the way...

MemberSince99 wrote:Inquiries are truly overblown. Even on your FICO after a couple of months they fall off if everything else is good in terms of hurting your score. Amex approved me with a boatload of them. But again that assumes everything else is good.


Hey, those inquiries are pretty serious stuff! Late last night, the Inquiry Police knocked at my door but I didn't answer it. I heard from my cousin's friend's sister's girlfriend's grandmother's best friend's nephew that he got a visit from the Inquiry Police and it wasn't pleasant. Supposedly he racked up 2 inquiries in a week, so they strung him up in the back yard and pelted him with Capital One and Orchard Bank credit cards until he cried and begged for mercy. Then they called Barclays up and told them about the inquiries, which of course cancelled his accounts there and triggered a super financial review over at Amex.

These days he's over in Ancora psychiatric hospital, raving about inquiries and telling everyone to refer to him as "Equifax." Forget stuff like divorce and identity theft, accidental pregnancies and even death-- those inquiries are the ultimate life ruiners!!
Now she's eyeless.
The snakes she held once
Eat up her hands.

MemberSince99
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Postby MemberSince99 » Fri Jul 13, 2012 8:13 am

hematino wrote:Still waiting for my FlexPerks to arrive in the mail so I can try and recon to a Cash+.

By the way...



Hey, those inquiries are pretty serious stuff! Late last night, the Inquiry Police knocked at my door but I didn't answer it. I heard from my cousin's friend's sister's girlfriend's grandmother's best friend's nephew that he got a visit from the Inquiry Police and it wasn't pleasant. Supposedly he racked up 2 inquiries in a week, so they strung him up in the back yard and pelted him with Capital One and Orchard Bank credit cards until he cried and begged for mercy. Then they called Barclays up and told them about the inquiries, which of course cancelled his accounts there and triggered a super financial review over at Amex.

These days he's over in Ancora psychiatric hospital, raving about inquiries and telling everyone to refer to him as "Equifax." Forget stuff like divorce and identity theft, accidental pregnancies and even death-- those inquiries are the ultimate life ruiners!!


That couldn't have been the Inquiry Police - they don't knock!

jeffysdad
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Location: Texas

Postby jeffysdad » Fri Jul 13, 2012 9:38 am

American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

MemberSince99
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Postby MemberSince99 » Fri Jul 13, 2012 1:41 pm

Speaking of inquiries, I've noticed the folks who talk the most about how evil they are have a boatload of uber prime high limit cards. I guarantee you that they needed inquiries to get those cards. I mean when you have 4 or 5 prime cards with limits of about 15 to 20k, and several more with 9 to 10k, and a few more specialty cards with lower limits around 5k beyond that, it's EASY to talk about gardening and not apping - you already have most of what you want and more than most people could even use. It's easy to tell someone with their pathetic 500 dollar limit Cap One card how they should sit in the garden with that weed for 2 years just like it's easy to tell someone driviing a rusted 20 year old beater Chevy to be happy as you roar by in your new Porsche. Anyone can do that. But let's face it that 500 dollar Cap One weed isn't going to grow with you no matter how much you feed and water it - it's a weed period. And my advice is after 6 months to a year with it, app for better or at least get 2 cards going to grow your score and history so you can get better. And the only way to do that is inquries. The guys with the pocket full of great cards more than likely had a hard inquiry for every one of them, possibly more for CLIs on them.

I'm just saying the whole thing is way overblown, really, because it is. My advice is to app STRATEGICALLY. Don't listen to these guys tell you to never ever ever ever ever apply for anything for 2 to 5 to 50 years because to do that is worst than flying a plane into the WTC and is the ultimate act of evil in history - if you see something you can grow with long term and there is a deal on it and you want it, consider, and if it makes sense go for it. Why limit yourself? Case in point - one year ago I had a single Crap One 500 limit weed card that would never no way on earth grow with me. I found the toy limit to be extremely constraining and of course pleas to Cap One to increase the limit got exactly where all of you would have expected - NOWHERE. I closed the card in frustration because to be honest, it just was something I was barely able to even use with that toy limit. Now it's one thing if I am rebuilding, but my scores were mid 700s so you'd have to be nuts to stay with a toy card in a case like that. How did I get decent cards? Simple - I apped for them. I didn't always get approved some were declined and could not be recon'd. You don't win them all. Or I don't anyway. But I learned and I got decent cards and now have better cards with issuers who I could see being with 10 years from now.

If I sat back and listened to some of these guys I'd be in the garden for the rest of my life with my 500 dollar Cap One weed that 10 years from now could well have a credit limit under a grand. So what I say is don't let the views of others hold you back from what you want. Yes it is wise to app carefully and with thought, but don't live in terror of your life for an inquiry.

Off soapbox for now.

FutureBillionaire
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Postby FutureBillionaire » Fri Jul 13, 2012 4:19 pm

I think inquiries really only really matter if you are looking to make a house purchase or refi a home loan. If you don't need any big credit, inquiries don't matter much.

Member, why do you want the chase amazon visa? Wouldn't it be better to get a Amex BCP, buy amazon gift cards at the grocery store, then get 6% back on your amazon purchases?
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

MemberSince99
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Postby MemberSince99 » Fri Jul 13, 2012 4:36 pm

There are a couple of reasons - the first is it's a lot more messing around with BCP as I don't believe my grocery store has Amazon gift cards. I'm sure I could find one that does but then I have to change my store just to get an extra 3% on Amazon. And that's after up to a year wait as you only get your BCP cashback after each year.

The other reason is I don't want Amex to become a major player in my wallet, not unless they give us the old customer service and get things straight there. When on the one hand they give me 3 cards in less than a month and on the other they tell me I have a delingquent card with them I never had, something is wrong, especially when I couldn't easily get to the bottom of the mystery with them. I'd rather deal with a company that has US customer service and can tell me what cards I've had with them and what cards I haven't accurately. Maybe that's just me but that's really how I feel and I'll take lower rewards to practice what I believe.

Nothing against Amex or the BCP it's just not what I want in my wallet. It does give a great rewards structure no doubt about it.

cjohnrun
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Postby cjohnrun » Fri Jul 13, 2012 7:24 pm

MemberSince99 wrote:And that's after up to a year wait as you only get your BCP cashback after each year.


I don't think this is true anymore. Granted, I have the original Blue Cash, but since around the time of the BCE and BCP introduction, I have been able to redeem cash back in increments of $25 credited monthly. Perhaps someone with the BCP can confirm.



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