Jeff Pratley, WalletHub Credit Card Advisor
The starting credit limit for the U.S. Bank Platinum card will be based on your creditworthiness once your application has been approved. However, there's no surefire way of knowing your credit limit beforehand as U.S. Bank does not disclose this information on their website.
Here’s what you should know about the U.S. Bank Platinum credit limit:
- There's no surefire way of knowing your U.S. Bank Platinum credit limit before applying and getting approved.
- When determining credit limits, factors such as your credit score, debt-to-income ratio, and repayment history will play a significant role.
- If you are not happy with the U.S. Bank Platinum credit limit you have received, you may request an increase after you’ve had the card for at least 6 months. However, there’s no guarantee you’ll be approved.
- U.S. Bank may also automatically consider you for a higher credit limit if your account is in good standing for at least 6 months and your income information is up to date.
It is worth noting that when you request a U.S. Bank Platinum 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. The issuer cannot do a hard pull without your permission, though.
However, if U.S. Bank decides to grant you an automatic credit limit increase, this will involve a soft pull, which does not affect your credit score.
Extremely low. Just signed up minutes ago and got $500. It was a shock since I have excellent credit. I’ve never had such a low offer before. I even thought there’s was something wrong with my credit. I immediately signed up for a Wells fargo select and got $19,000. All is well, just not with US Bank. Now I have to call them to cancel. $500 credit line with worthless.
I applied via a phone call received announcing my pre approval on Saturday. I had just opened a chase preffered card at the beginning of September and still received the approval for us platinum card the following Monday (today). I received a $14,400 credit limit.
current credit score before new inquiry 778, 2% utilization, 0 late payments, 16yr credit history, 8 inquires in the last 2 years, including an opened mortgage.
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