How hard is to get the US Bank Cash+?

**lexrj** · Jan 25, 13, 4:58 pm

I only have 2yrs of credit history (No negatives), my current credit and limits are:

Amex BCP - $6k - 1yr
Cap.One - $750 - 2yrs
Car Loan - $20k - 1.5yr

Avg utilization - 10%
Income - $88k

Scores
Exp - 718
TU - 708
Eq - 718

What do you guys think?

**FutureBillionaire** · Jan 25, 13, 5:16 pm

I think you have a solid shot. Make sure that your utilization is low on all of the cards, and not just overall. Also, they don't like to see too many cards with balances. Make sure that you have only one of the cards at most reporting a balance.

**CC Deville** · Jan 25, 13, 5:24 pm

The Cash + is a Visa Signature and requires a minimum $5K limit. Thanks to your AMEX you have a solid shot as banks usually like to see another creditor with a higher limit.

On the other hand, you have only two years of credit and your only other card has a $750 limit. I have read about others (with similar scores and longer credit histories) that have applied for the Cash + and were downsold to a plain-Jane 1% Visa Platinum cash back card.

Be sure you read about the upcoming changes to the Cash + card before you decide to apply or not. It sounds like even with the changes it will still be a good card but not nearly the gravy train it currently is.

This really could go either way. If you are not planning on buying a home or car anytime soon, you might as well go for it. It will only cost you an inquiry if declined.

**RewardHop** · Jan 25, 13, 8:25 pm

Originally Posted by CC Deville

This really could go either way. If you are not planning on buying a home or car anytime soon, you might as well go for it. It will only cost you an inquiry if declined.

Actually if you dont qualify for the Cash+, they will give you a worse card, I believe the US Bank Cash Rewards card.

**CC Deville** · Jan 26, 13, 5:01 am

Originally Posted by RewardHop

Actually if you dont qualify for the Cash+, they will give you a worse card, I believe the US Bank Cash Rewards card.

Right...as I stated in my post "On the other hand, you have only two years of credit and your only other card has a $750 limit. I have read about others (with similar scores and longer credit histories) that have applied for the Cash + and were downsold to a plain-Jane 1% Visa Platinum cash back card."

**MemberSince99** · Jan 26, 13, 6:33 am

Actually with what they've done to Cash +, the Flex Perks is probably overall a better card.

You should check out the changes they've made to the rewards, and then ask yourself if you really want this card. It's hard to get. And does it really fit into your portfolio? It's pretty much now a niche rewards card even more than before with rewards that generally aren't anything to write home about, unless your cellphone bill is a grand a month or you spent a lot of money entertaining clients.

So to sum up - yes it's hard to get, and please be sure you want what they are changing this card to before you waste an inquiry on it.

**FutureBillionaire** · Jan 26, 13, 8:20 am

The flexperks card doesn't seem half bad, actually. I'm still going to stick with the Cash + for now because of the cell phone category. I'm really not sure what else I will use it for yet. If you don't have a Citi forward, you can get restaurants or fast food.

**Bksuper** · Jan 26, 13, 9:39 pm

The Cash+ is still a better card than the FlexPerks, but since it has had its rewards curtailed maybe they've also relaxed approval standards. From the sounds of it, the approval standards were and maybe still are very high. I don't know how hard it is firsthand, because I applied jointly with my mom, and she would qualify for pretty much every CC save for Centurion, Palladium, etc.

**MemberSince99** · Jan 28, 13, 10:21 am

Hey Bksuper, I just wanted to say, that in the rewards thread, I appreciate your comments there, and please don't take anything I said there as directed at you. (Or anyone else). Or in any personal way. I was upset about the changes to this card (Cash +). Not about anything you said. I just wanted you to know, and your comments are insightful and appreciated.

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How hard is to get the US Bank Cash+?