I applied for the U.S. Bank Altitude Connect card and got DENIED! Learn why and how I potentially could have avoided this. (PLUS: details about my credit score!) Click โShow Moreโ to see Ad Disclosure.
๐ณ๐ VIEW CREDIT CARD OFFERS!
https://markscreditcards.com/offers
๐ RAKUTEN โ Earn Cash Back!
https://markscreditcards.com/rakuten
๐ฆ SOFI CHECKING & SAVINGS โ Get $25 FREE (or more w/ direct deposit)
https://markscreditcards.com/sofibanking
๐ฒ MAXREWARDS โ Manage credit cards & rewards!
Get Gold level for free with PROMO CODE = markr
https://markscreditcards.com/maxrewards
๐ GET FREE STOCKS FROM WEBULL
https://markscreditcards.com/webull
๐ GET FREE STOCKS FROM MOOMOO
https://markscreditcards.com/moomoo
๐ AURA โ Identity Theft Protection & More!
Get Your 2-Week Free Trial: https://markscreditcards.com/aura
๐ฅ CHANNEL MEMBERSHIP โ VIP Perks!
https://markscreditcards.com/join
๐ฌ VIDEO โ How Many Credit Cards Should I Have?
https://youtu.be/aM77beAGgzI
๐ฌ VIDEO โ How Often to Apply for Credit Cards
https://youtu.be/2p7egp0iz9M
๐ฌ VIDEO โ When to Pay Credit Card Bill to Increase Credit Score
https://youtu.be/BtIwGldr9rY
You may have seen my video from 1-2 weeks ago about applying for TWO credit cards at the same time (that is, two in the same day). One of those credit cards was the U.S Bank Altitude Connect Visa Signature. I wanted it for the welcome offer to earn 50,000 points after spending $2K in the first 120 days. That signup bonus is worth $500 towards travel or cash back, and the $95 annual fee is waived in Year 1. Itโs also got a great โgeneral purposeโ rewards category of 4X points for travel (and 4X on gas).
Unfortunately, U.S. Bank denied my application.
The reasonโฆ
โMaximum amount of unsecured credit already available.โ
In other words, I already have the maximum amount of credit that U.S. Bank is willing to lend me at this time. This was likely due to my overall profile, including credit score, income level, debts owed, and more. There wasnโt a way for me to know this prior to applying. Normally, this wouldnโt be much of an issue if I could use some existing credit from one of my other U.S. Bank cards to open this new one. But, U.S. Bank does not allow this in my experience. When I called the U.S. Bank reconsideration line to ask about this, I was simply told โno.โ
SoโฆI got stuck and had to accept the decision for now!
Regarding my relationship with U.S. Bank, it was as followsโฆ
โ 1 personal checking account, 1 personal savings account, 1 business checking account, 2 personal credit cards, 1 business credit card.
That said, I also learned the U.S. Bank pulled Experian and used the FICO 9 Score model (my score was 779 as of 5.11.2023).
๐ U.S. Bank Reconsideration Line: https://www.usbank.com/customer-service/knowledge-base/KB0069779.html
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcardapply #creditcards #creditcard
In this video we'll look at the best credit cards and debit cards for travel.…
Learn more on the Chase Ink Unlimited: https://www.referyourchasecard.com/21q/UJJOBUC4W3 Click "show more" for ad disclosure ๐ …
๐ ๏ธ ๐ ๐๐๐ข๐ฌ๐ ๐๐จ๐ฎ๐ซ ๐๐ซ๐๐๐ข๐ญ ๐๐๐จ๐ซ๐ ๐ ๐๐ฌ๐ญ๐๐ซ ๐ฐ๐ข๐ญ๐ก ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐: https://bit.ly/CcS11NR ๐ณ ๐๐ฎ๐ข๐ฅ๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ…