No, there aren’t any U.S. Bank unsecured credit cards for bad credit. Most U.S. Bank unsecured credit cards require good or excellent credit for approval.
If you have bad credit, U.S. Bank offers secured credit cards with higher odds of approval than unsecured cards. They include the U.S. Bank Secured Visa® Card and the Harley-Davidson® Secured Credit Card. These U.S. Bank secured cards require a minimum $300 security deposit to open the account. The deposit is placed in an interest-bearing account and is fully refundable when you close the account in good standing.
The majority of credit cards are unsecured, rather than secured. The primary difference between the two is that unsecured cards do not require a security deposit to open the account. Otherwise, they function exactly the same way and report to the credit bureaus the same way.
The easiest unsecured credit cards to get generally work best for minor emergencies. You will only receive a small amount of spending power, after all.… read full answer
Unsecured credit cards for people with bad credit also tend to be very expensive, charging lots of fees and high interest rates. So, if you don’t need a small emergency loan, the best course of action is to improve your credit inexpensively with a secured card. Secured cards are cheaper than unsecured cards, build credit just as effectively, and offer the closest thing you’ll find to guaranteed approval.
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.
The best U.S. Bank credit card for bad credit is the U.S. Bank Cash+® Visa® Secured Card due to its versatile ongoing rewards: 5% cash back on two categories of your choice (up to $2,000 each quarter), 5% back on prepaid air, hotel and car reservations booked in the Rewards Travel Center, 2% back on your choice of one everyday category (like gas stations, grocery stores or restaurants) and 1% back on all other purchases. This U.S. Bank card also comes with a $0 annual fee and reports account activity to all three of the major credit bureaus (TransUnion, Experian and Equifax).
Most other U.S. Bank credit cards require at least good credit or better (a credit score of 700+) for approval. But there are some options for people with lower scores to work with. And some of these also offer rewards.… read full answer
U.S. Bank Credit Cards for Bad Credit
U.S. Bank Cash+® Visa® Secured Card: Cardholders earn 5% cash back on two categories of your choice (up to $2,000 each quarter), 5% back on prepaid air, hotel and car reservations booked in the Rewards Travel Center, 2% back on your choice of one everyday category (like gas stations, grocery stores or restaurants) and 1% back on all other purchases. $0 annual fee. Offers a credit limit of at least $300 in exchange for a minimum security deposit of $300.
U.S. Bank Altitude® Go Visa® Secured Card: Cardholders earn 4 points per $1 spent on dining (including takeout and food delivery), 2 points per $1 spent at grocery stores (including grocery delivery) as well as with streaming services and gas stations, and 1 point per $1 spent on all other purchases. $0 annual fee. Offers a credit limit of at least $300 in exchange for a minimum security deposit of $300.
Harley-Davidson® Secured Credit Card: Offers a credit limit of at least $300 in exchange for a minimum security deposit of $300. Earns 1 point per $1 spent on all purchases. $0 annual fee.
If you use the U.S. Bank Cash+® Visa® Secured Card responsibly over time, you may be able to qualify for a U.S. Bank credit card with more attractive terms. Responsible card use means establishing a history of on-time payments and not maxing out the card’s credit limit.
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