Your U.S. Bank Platinum approval odds are good if you have a credit score of 700+, which is considered good credit. Approval odds for the U.S. Bank Platinum will also be influenced by your annual income and existing debts. Applicants will need to be 18+ years old with a U.S. mailing address and an SSN, as well.
What You Need for Good U.S. Bank Platinum Approval Odds
Enough income to pay credit card bills
Low debt relative to income
Low housing costs relative to income
U.S. mailing address
Age of 18+
Social Security Number or Individual Taxpayer Identification Number
Keep in mind that many of these are guidelines rather than requirements. For example, you may have a low annual income but no debts and still get approved. If you want to enhance your application by improving your credit score, WalletHub’s free credit analysis can tell you what steps to take.
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.
You can request a U.S. Bank credit limit increase online or by calling customer service at (800) 872-2657. 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.… read full answer
How to Get a U.S. Bank Credit Limit Increase Online
Choose the U.S. Bank card for which you're requesting the increase (if you have more than one card).
Click "Self Service," and then "Request Credit Limit Increase."
Enter your annual income, monetary assets and monthly housing payment. Click "Review my request."
Confirm the information and click "Submit my request" to complete the request.
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 will 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.
On the other hand, there are times when you could be eligible for a U.S. Bank credit limit increase without even requesting one. 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. An automatic credit limit increase involves a soft pull, which does not affect your credit score.
In any case, it shouldn’t take much longer than a week to get a final decision. If you’re approved, your card will arrive in the mail within 10 business days of the decision being reached. And if you’ve been denied, you’ll receive a letter explaining why. If you want to check your status in the meantime, there are a few more details you need to know.… read full answer
Here’s how to check your U.S. Bank application status:
Application Status Phone Number: Call (800) 947-1444, choose the first option from the menu and enter your Social Security number. U.S. Bank needs your SSN to locate your application.
Online Status Check: There are two ways to check your U.S. Bank credit card application status online: using your online banking ID and password or with your name, birthdate and Social Security number.
Three Possible Statuses: You will be approved, denied or told your application is still pending.
Standard Decision Timeline: You will receive a decision in the mail within 7-10 business days.
When You’ll Get Your Card: You’ll receive your card within 7-10 business days of being approved, if you’re approved.
If your application is denied, you can call the U.S. Bank credit card reconsideration line at (800) 947-1444. Reconsideration lets you present your case to a credit analyst who can consider factors a computer algorithm might have missed as well as any relevant changes in your circumstances.
For those of you who have yet to apply, there are a few more things to be aware of. Perhaps most importantly, there are U.S. Bank credit cards for people with credit scores ranging all the way from bad to excellent. But they don’t all have U.S. Bank in their name. Many credit cards issued by U.S. Bank are co-branded, which means they’re named after the company or organization they’re affiliated with and often provide special benefits related to that group.
Plus, some offers are better than others for different types of people. It’s all about finding the card with the best terms for the types of transactions you plan to make that also gives you high odds of approval.
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