So I applied for the US Bank Cash+...

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
19 posts
TheLethargicAge
Centurion Member
Centurion Member
 
Posts: 322
Joined: Tue Oct 16, 2012 11:20 pm
Location: Miami, Cuba

So I applied for the US Bank Cash+...

Postby TheLethargicAge » Tue Oct 16, 2012 11:26 pm

...I called the application status hotline and was told I was approved...for the Cash Rewards Visa, not the Cash +. I was bummed at first, but they told me I could try to upgrade to the Cash + after 6 months. They gave me a $6.5K CL, so hopefully it'll be easy to upgrade.
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)


CC Deville
Centurion Member
Centurion Member
 
Posts: 1075
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Wed Oct 17, 2012 9:49 pm

Interesting....you were given a great initial credit line. Most that have been downsold from Cash + were not approved for Cash + because they did not qualify for a $5K credit line; the minimum credit line needed for their Cash + Signature card.

WS6R6
Platinum Member
Platinum Member
 
Posts: 60
Joined: Tue Sep 25, 2012 11:52 am
Location: Kansas

Postby WS6R6 » Fri Oct 19, 2012 2:32 pm

Yeah that does sound odd as CC said, most that get the lower card don't make enough to get the 5k credit limit and get a lower limit than that. It sounds like US bank was in over their head with the rewards they gave for the cash+ card and it will become even tougher to get approved for as time goes on. They will probably reduce their cash back they're giving at some point as well. Good luck to you in getting your upgrade though
Travel 3x, Groceries + Gas 2x: [color=Orange"]AmEx PRG[/color] (Closed)
Restaurants + Travel 2x: [color=navy"]Chase Sapphire Preferred[/color]
Groceries 3%, Gas + Department Stores 2%: [color=blue"]AmEx BCE[/color]
Dining + Entertainment 2x: [color=navy"]Citi Thank You Preferred[/color]
Hotels 5x: [color=Black"]Chase Marriott Rewards Premier[/color]
Rotating 5%: [color=darkorange"]Discover It[/color], [color=blue"]Chase Freedom[/color]
Restaurants 5x: [color=lime"]Citi Forward[/color]
Gas 5%: [color=gray"]PenFed Platinum Rewards[/color]
Future: [color=red"]US Bank Cash +[/color]

TheLethargicAge
Centurion Member
Centurion Member
 
Posts: 322
Joined: Tue Oct 16, 2012 11:20 pm
Location: Miami, Cuba

Postby TheLethargicAge » Fri Oct 19, 2012 3:38 pm

I was surprised they gave such a high limit even though I'm on a debt payment program (my payment history is spotless, though). I just plan to charge as much as I can on this one for the first 6 months and always PIF. I'm so glad it's a Visa, especially since I can use it to pay my daughter's school tuition.
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Fri Oct 19, 2012 7:41 pm

In my opinion, the rewards program isn't THAT great. You can pick ONE of gas or groceries for 2%, and two 5% categories the most useful for most of us in that would be bill payment, and after that it depends on your life but I guarantee you MOST of what you buy will be at the 1% level if you use it daily. In practical terms my Associated Bank card offers 3% on gas and groceries and 1% on everything else, so for me, in terms of $$$ that beats the Cash + for what I do. But it's not just the rewards I care about so I've been using the Cash + as THE go-to card. I just really doubt US Bank is going to be in trouble with giving so much in rewards. To be honest they are good but they aren't what some have cracked them up to be. Now IF you could put ANY of the categories in the 5% and 2% buckets, THEN it would be. But you can't.

Where you can do better is if you cash in with an amount of 100 dollars they add 25 dollars. And if you have a checking account with them, they also give you .25% more I believe. Still, if most of what you get is 1%, well Cap One offers a 1.5% on everything card so, I don't figure US Bank will be going broke anytime soon.

It really is a great card, but don't think it's the ultimate rewards card it isn't. It's just a really good one.

WS6R6
Platinum Member
Platinum Member
 
Posts: 60
Joined: Tue Sep 25, 2012 11:52 am
Location: Kansas

Postby WS6R6 » Mon Oct 22, 2012 2:19 pm

MemberSince99 - I could see what you are saying if the Cash+ was your only card, but the thing is people try to get 1 card for each of their big spending categories to get as close to ~5% as possible with every purchase. With the cash+ you can get 2 of those categories with only 1 card, forget about the other lower percentages that come with the card as well. You want to use the card that gives you the most cash back for any given purchase. So anything that falls under the "All other purchases" category and not a major category, then you would use whichever card gives you the most back for that...in this case yeah maybe the capital one card like you said. So just because it isn't as good in it's lower % categories doesn't mean it's any less desirable. For instance I only get a card for 1 major category if it gives 5% back and I'm perfectly happy with that...like my penfed card for gas. I like to get cards for what they offer in the top end and not the low end if that makes sense, because I would just use whichever card I have that's best for the low end (1-1.5% all other) purchases when it comes to that. The Fidelity AmEx gives 2% on this "all other" category so maybe that's the way you could maximize your cash back when not spending in 5% categories. Just my opinion as I'm not at cash+ status yet, but I would think it is a very top of the line and prime card for what it offers, and also there isn't another card out there that I'm aware of that will give you 5% back on your bills which is quite a big chunk of a lot of people's spending.
Travel 3x, Groceries + Gas 2x: [color=Orange"]AmEx PRG[/color] (Closed)
Restaurants + Travel 2x: [color=navy"]Chase Sapphire Preferred[/color]
Groceries 3%, Gas + Department Stores 2%: [color=blue"]AmEx BCE[/color]
Dining + Entertainment 2x: [color=navy"]Citi Thank You Preferred[/color]
Hotels 5x: [color=Black"]Chase Marriott Rewards Premier[/color]
Rotating 5%: [color=darkorange"]Discover It[/color], [color=blue"]Chase Freedom[/color]
Restaurants 5x: [color=lime"]Citi Forward[/color]
Gas 5%: [color=gray"]PenFed Platinum Rewards[/color]
Future: [color=red"]US Bank Cash +[/color]

FutureBillionaire
Centurion Member
Centurion Member
 
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Mon Oct 22, 2012 3:50 pm

MemberSince99 wrote:In my opinion, the rewards program isn't THAT great. You can pick ONE of gas or groceries for 2%, and two 5% categories the most useful for most of us in that would be bill payment, and after that it depends on your life but I guarantee you MOST of what you buy will be at the 1% level if you use it daily. In practical terms my Associated Bank card offers 3% on gas and groceries and 1% on everything else, so for me, in terms of $$$ that beats the Cash + for what I do. But it's not just the rewards I care about so I've been using the Cash + as THE go-to card. I just really doubt US Bank is going to be in trouble with giving so much in rewards. To be honest they are good but they aren't what some have cracked them up to be. Now IF you could put ANY of the categories in the 5% and 2% buckets, THEN it would be. But you can't.

Where you can do better is if you cash in with an amount of 100 dollars they add 25 dollars. And if you have a checking account with them, they also give you .25% more I believe. Still, if most of what you get is 1%, well Cap One offers a 1.5% on everything card so, I don't figure US Bank will be going broke anytime soon.

It really is a great card, but don't think it's the ultimate rewards card it isn't. It's just a really good one.


This is one of the best cards in my wallet. The fact that you can get 5% on any bills is HUGE. Bills are the biggest chunk of spending for me, then gas. I think it is wise to get a collection of cards that gives you 5% or more on all of your expenditures. In addition, this card gives you good bang for your buck if it's your only card. Bill Pay, restaurants, gas, and groceries should cover 80% of a person's pending with 2% or greater rewards. I don't think any other card is that versatile, although AMEX BCP comes close with the gift card loophole at certain grocery stores.
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

TheLethargicAge
Centurion Member
Centurion Member
 
Posts: 322
Joined: Tue Oct 16, 2012 11:20 pm
Location: Miami, Cuba

Postby TheLethargicAge » Wed Oct 24, 2012 5:25 pm

UPDATE:

I finally got the card today. It's a plain old regular Visa (not a Signature). I registered it online and purchased something with it. A little disappointed, though, that their online interface doesn't show pending transactions.
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Thu Oct 25, 2012 6:25 pm

Their mobile interface shows pending transactions so you would have to use that to see them. Unfortunately as you said the online (web) one doesn't.

Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

Postby Money card » Sat Nov 03, 2012 10:26 pm

at least you got a card. some people are trying to get a first credit card, you have 1 congrads on your card.



Return to “Visa & MasterCard”

Who is online

Users browsing this forum: No registered users and 2 guests