The best U.S. Bank Platinum benefits are cell phone protection and contactless chip technology. These perks are certainly good to have, though it’s important to note that they are also relatively common benefits for credit cards.
U.S. Bank Platinum Benefits
Cell phone protection
Contactless chip technology
Zero liability protection
While these benefits aren’t bad, the U.S. Bank Platinum simply doesn’t have as many benefits as a lot of the other credit cards on the market.
The U.S. Bank Visa® Platinum Card credit score requirement is 700 or better. That means people with good credit or better have a shot at getting approved for the U.S. Bank Platinum.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the U.S. Bank Platinum, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the U.S. Bank Platinum credit score requirement. You can check your credit score for free on WalletHub.
You can get a U.S. Bank credit limit increase by making a request online, through the mobile app, or over the phone at (800) 285-8585. But you might also get a U.S. Bank credit limit increase without even asking. U.S. Bank may offer an automatic credit limit increase if its regular reviews of your account show a history of on-time payments and low debt.… read full answer
To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income U.S. Bank has on file. U.S. Bank will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.
How to Get a U.S. Bank Credit Limit Increase
Online:Log in to your online account and choose the U.S. Bank card for which you're requesting the increase (if you have more than one card). After that, click "Self Service", and then "Request Credit Limit Increase". Then, enter your annual income and the other financial information and follow the on-screen instructions to complete the request.
Through the mobile app: Download the app (for Android or iOS) and then log in to your account. After that, tap on “Manage Cards” from the main menu and select the “Request Credit Limit” option. Then, provide all the information requested, check if the info is correct, and select “Submit my request”.
Over the phone: Call (800) 285-8585 and enter your card number or your Social Security Number. Then, follow the prompts to get connected to a customer service representative.
You should receive a decision in just a few seconds. If you're approved for a U.S. Bank credit limit increase, the new limit will be effective immediately.
Impact of a U.S. Bank Credit Limit Increase on Your Credit Score
When you request a U.S. Bank credit limit increase, U.S. Bank may conduct a hard pull of your credit report, which will cause a short-term dip in your credit score. U.S. Bank cannot do a hard pull without your permission, though.
It is worth noting that an automatic credit limit increase involves a soft pull, which does not affect your credit score.
The best U.S. Bank credit cards require a 750 credit score or higher for good approval odds. Most U.S. Bank’s co-branded credit cards require good credit, or a credit score of at least 700. In other words, most U.S. Bank credit cards are for people with good credit or excellent credit, but there are options for applicants with lower scores, too.… read full answer
U.S. Bank Minimum Credit Score Requirements by Card:
Meeting the U.S. Bank credit score requirements does not guarantee your approval for a U.S. Bank credit card. Your income, debt, credit history, and any recent inquiries on your credit report are all considered before you’re approved for a U.S. Bank credit card.
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