Credit Card Forum
  1. #1
    Centurion Member
    Join Date
    Sep 2012
    Location
    San Diego
    Posts
    169

    Default How hard is to get the US Bank Cash+?

    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?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Centurion Member
    Join Date
    Jun 2011
    Location
    Down South
    Posts
    1,587

    Default

    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.
    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
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Centurion Member
    Join Date
    Aug 2011
    Location
    Phoenix
    Posts
    942

    Default

    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.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. Centurion Member
    Join Date
    Jan 2013
    Location
    USA
    Posts
    302

    Default

    Quote Originally Posted by CC Deville View Post
    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.

    Amex BCE: 3% grocery, 2% gas
    Bank of America Better Balance Rewards MC: $25/quarter bonus
    Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
    Capital One Quicksilver Visa Signature: 1.5% everything
    Chase Freedom Visa Signature: 5% rotating
    Chase Sapphire Preferred: 2% travel
    Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
    US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
    Chase Amazon Visa: 3% amazon.com (unused)
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    Centurion Member
    Join Date
    Aug 2011
    Location
    Phoenix
    Posts
    942

    Default

    Quote Originally Posted by RewardHop View Post
    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."
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  6. #6
    Centurion Member MemberSince99's Avatar
    Join Date
    May 2012
    Location
    WI
    Posts
    4,324

    Default

    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.
    FICOS
    TU: 771 April 2014
    EQ: 777 April 2014
    EX: 779 April 2014
    TU08 (Barclay's) 798 April 2014 Statement
    Discover 791 June 15 2014

    Cards:
    Amex Platinum NPSL (5/13 - backdated to 5/99)
    BofA Travel Rewards Signature Visa 10k (1/14)
    Chase Freedom Signature Visa 11.5k (1/14)
    Amex Everyday Preferred 6k (3/14 - backdated to 3/99)
    Amex Hilton HHonors Surpass 9.5k (7/14 - backdated to 7/99)
    FNBO Dodge MasterCard 12.8k (8/14)
    Lowe's 10k (8/14)

    Garden: Card carrying Garden Club member. Gardening for life (and beyond)!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  7. #7
    Centurion Member
    Join Date
    Jun 2011
    Location
    Down South
    Posts
    1,587

    Default

    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.
    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
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  8. Centurion Member
    Join Date
    Oct 2012
    Location
    California
    Posts
    259

    Default

    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.
    Sole Ownership Cards:
    1st Financial Bank Platinum Student Visa, $500 CL, Open Since 3/2012
    Citi Forward Student Visa, $6k CL, Open Since 10/2012
    Costco TrueEarnings Amex, $6k CL, Backdates to 1/2012
    SallieMae Rewards Barclay Mastercard, $2.5k CL, Open Since 4/2013
    Jointly Owned Cards (co-owner with mom, not AU, used and paid only by me):
    Chase Amazon Rewards Visa Signature, $2k CL, Open Since 8/2012
    US Bank Cash+ Visa Signature, $13.5k CL, Open Since 10/2012
    Authorized User (Parents Pay/Use)
    Costco TrueEarnings Amex $29.4k CL, AU since 11/2012
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  9. #9
    Centurion Member MemberSince99's Avatar
    Join Date
    May 2012
    Location
    WI
    Posts
    4,324

    Default

    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.
    FICOS
    TU: 771 April 2014
    EQ: 777 April 2014
    EX: 779 April 2014
    TU08 (Barclay's) 798 April 2014 Statement
    Discover 791 June 15 2014

    Cards:
    Amex Platinum NPSL (5/13 - backdated to 5/99)
    BofA Travel Rewards Signature Visa 10k (1/14)
    Chase Freedom Signature Visa 11.5k (1/14)
    Amex Everyday Preferred 6k (3/14 - backdated to 3/99)
    Amex Hilton HHonors Surpass 9.5k (7/14 - backdated to 7/99)
    FNBO Dodge MasterCard 12.8k (8/14)
    Lowe's 10k (8/14)

    Garden: Card carrying Garden Club member. Gardening for life (and beyond)!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

+ Reply to Thread
 
These forum posts are not provided or commissioned by the bank advertiser. Posts have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.