Getting a U.S. Bank credit card may not be as hard as you have been told. However, the applicant who wants to have a U.S. bank credit card is expected to have a viable credit score to be qualified. Let us know more detail about ‘U.S Bank Credit Card Approval Odds’.
U.S Bank Credit Card Approval Odds
In such instances, applicants with up to a 670 credit score and above are usually qualified.
Although the U.S. Bank did not make its credit score public because there are different rules regarding each card, U.S. banks grant different kinds of cards that are meant for different purposes.
However, the usual requirements revolve around the creditworthiness of the applicant.
Of course, there are some of the U.S. Bank’s credit cards that are available to all customers who apply for them regardless of their credit score. An example is the U.S. Bank’s “Secured Visa Card.”
Different U.S. Bank Credit Cards and Their Approval Requirements
1. U.S. Bank Altitude Reserve Visa Infinite Card: This card is issued to frequent travelers who want to exploit the discounted advantages of prepaid hotel booking and car hire.
You’re expected to have a robust credit score and to be a U.S. Bank member. Thus, this type of card is not meant for everyone, but it’s an exclusive reserve for a few people.
2. U.S. Bank Cash Visa Signature Card: This type of card is issued to those who want to save on spending. This covers spending on home items, electronics, clothing, furniture, and sporting goods.
3. U.S. Bank Secured Visa Card: This U.S. Bank card has the highest approval odds for the poor or people with an average credit score.
This card is targeted at customers who want to build their credit score.
The applicant must open and maintain the account for a certain period. The minimum amount you can maintain in this account is $300.
You will be entitled to the credit line up to the amount you have maintained in your account. Maintaining this attracts an annual charge of $29.
There are several benefits attached to it as well. Those benefits include online transactions, automatic bill payment access, and so on.
4. U.S. Bank Flexperks Gold American Express Card: This is meant for early-stage travelers who want to earn high credit points at restaurants.
5. U.S. Bank Visa Platinum: This is designed for businesses that are looking for a generous introductory competitive interest-free rate. This type of card has its pros and cons. For instance, it has no annual fee.
It offers you a cell phone insurance option. However, it has no special reward attached to it, no bonus offer, and you must have an excellent credit score.
How to Apply for a U.S. Bank Credit Card
1. Find out your FICO score: The first step in applying for a U.S. Bank credit card is for you to know your credit score. The method for confirming your credit score is called FICO, named after the man who invented it.
Fair Isaac Corporation. You can go to “Discover Credit Scorecard” to confirm your credit score. Any credit score lower than 680 is not encouraged. If your credit score is lower than 670, you should rather apply for the U.S. Bank Secured Credit Card, which helps you build your credit score over time.
2. Preview the U.S. Bank credit card you want to apply for: Now that you know your credit score, your next assignment is for you to preview which of the U.S. Bank credit cards are suitable for you and which of them you have met the requirements for.
We have said earlier that the U.S. bank has different types of credit cards that are meant for different purposes. Look for the one that will help you achieve your goals.
3. Fill out the form: After making up your mind on which type of credit card you want to apply for, you need to obtain and fill out the application. You will have to provide the following information:
- Your full name
- Your Email address
- Cell number
- Home or Office Address
- Date of birth
- The Social Security number
- Your Annual income
After filling up the form, wait for the bank to get back to you.
Conclusion
U.S. bank credit cards vary, and they’re all used for different purposes. You can obtain a U.S. Bank credit card to build your credit score (Secured Visa Card). Altitude Reserve Visa Infinite Card allows you to enjoy discounted benefits on hotel bookings, car hire, and so on. The Visa Signature Card covers your spending on electronics, clothing, furniture, and so on.
Frequently Asked Questions
1. How Easy Can I Get a U.S. Bank Credit Card?
It’s easy to get a U.S. Bank credit card if you meet the criteria and apply for the card that fits into your credit profile. You can check your credit profile score by using the FICO score. If you score up to 670, there are several U.S. Bank credit cards you can apply for.
2. What Do I Need to Apply for a U.S. Bank Credit Card?
First, what you need is an acceptable credit score. You must also have a regular source of income and an identified U.S. address. You need to provide a personal identification card and other things required by the bank.
3. How Long Does It Take for the U.S. Bank to Approve My Card?
U.S. Bank has indicated that you can apply for your credit card online and get a response a few minutes afterward. It’s possible to get your qualified credit card ready in a couple of working days, or perhaps weeks.
