Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 50 and my wife 44 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income.
Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated
@@Alexedmartin Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Regina Louise Collaro) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance.She is quite popular for her services so you might have heard of her. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I’ll advise you do get a good Investment advisor for yourself.
@@ugojazzy7812 That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
@@Alexedmartin look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located
@@ugojazzy7812 I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me .
kroger and related cards issued by us bank give 5% back on digital wallet payments anywhere ($3000 cap per year). really easy approval I think since they are store cards. $100 sign on on $500 spend for many of them
I can't say this enough but you're intro tune gets me so hype cuz regardless of when I start your video at 1x or 2x speed, I just end up bobbing my head little haha
Glad to hear it. I do the into this way because its more fun than me telling you what I talk about every show, for new comers who may not know. I believe the song is City of Jewels. I found it on the free RUclips library
I’m a big fan of the US Bank cards. If they did unite the currency earnings, they would be big players. I still think if you’re team cash back, you can do very well with their cards.
Agree, with capital one stepping up I do wonder if it'll push anyone else into competitive mode. I have the triple cash and am a big fan of the cash + and Go.
I like the us bank card I get 5% of my 100 cox internet bill and 5% back on my streaming services when my 6% back goes away after I downgrade my amex blue cash preferred. So I can earn about 110 a year by doing nothing well 310 first year of you hit the sign up bonus.
You forgot to mention a new perk with the Cash Plus is it now earns 5% through the portal for airfare, prepaid hotels and car rental. Odd that the reserve and connect only earn 5% for prepaid hotels and car rentals
FlexPerks Gold Card and Altitude Reserve do earn a common currency. (Altitude Reserve behind the scenes uses "FlexPerks" points? Flexpoints?) - I've done it before. (Go and Connect do not, I've been told by a banker)
I'm tempted to get the Go or Connect just to "verify" if what they say about not being able to transfer points is accurate. I wonder if I could convince some phone agent to combine my points?!?! :)
US Bank is the worst. I have been waiting for a paycheck from them for a month. This doesn’t sound quite legal, but I closed my account and my second job sent my last couple paychecks to the closed account…. US Bank then cleared those paychecks and are sending me cashier’s checks……. Makes no sense, why would they cash a check for someone who no longer has an account? Sounds phishy to me. This situation has caused me to fall behind on my rent and bills when they could’ve just rejected the checks and my work would have happily wrote me new ones immediately. They have no concern for current or former account holders.
I would have assumed USB would have rejected the payments and sent them back to the employer to deal with. Takes a few days but that's usually the process I'm familiar with. Sorry to hear it. If it makes it better, they got fined $37.5 million by the CFPB for opening accounts for customers without their knowledge.
Hey RJ, You are right that it’s not a bad idea to be in the garden for a short period of time before applying for a U.S. Bank Credit Card. The garden season should probably be at least 6 months or even 1 year. I just got approved for the Cash+ card in November 2021 and when I applied for it I had no new credit cards open 6 months prior and only one new card opened in the previous 12 months. I also have had a checking account with U.S. Bank since May 2021. From some of the data points I have heard is that they may be more likely to approve people for credit cards if they have been an existing customer of the bank. It’s also not a bad idea to have a credit score of at least 700 when applying for one of their cards. I’ll be honest, I think the Altitude Reserve card is one of the best travel cards available and it is one I will consider if I decide to get a travel card. I also hope to get the Altitude Go card in the future for the 4% back on dining and if I get it I will probably use it to pay for my SiriusXM subscription for the $15 annual streaming credit.
Thanks for sharing so many data points. I did have a biz checking account when I got the triple cash. and hadn't applied for a new card in maybe 5-6 months so I can throw those in as additional data points. Reserve is a solid card. All the US Bank cards go under the radar because for some reason the bank doesn't seem interested in being a contender. It's still odd to me that they don't have a national footprint being the 5th largest bank. People in MI where I'm from have never heard of them as there's no presence.
@@RJFinancial I had never heard of them before researching credit cards. Now i have a bank account and looking forward to eventually getting a few of their biz cards and the cash +, altitudes, and probably more. Super underrated and understated bank.
To my mind, it's a foregone conclusion that US Bank will end up making their points transferable. Specifically between their Altitude lineup. The reason I think so is that the Altitude GO and Altitude Connect were both launched 1. As Altitude cards. And 2. Using "Altitude Points" rather than simple cash back (as the Cash+ uses). If they were always intended to stay separate...why do that? Why not the US Bank "Eats" card for 4% cash back, instead of the Altitude GO with 4x Altitude Points? It just all lines up a little too well to not seem like a long term plan. Not making the cards able to share points right away makes sense too. Why offer up those initially higher signup bonuses and then turn around and have to give everyone fifty percent more when we all transfer them over to the Reserve? No. Put the cards out there...let the market for them saturate a little...give folks enough time to go ahead and take their cash back...THEN look at possibly combining points. The Altitude GO is a awesome card all on its own. For no money annually I get 4x on Dining, 2x on Streaming, 2x on Groceries, and 2x on Fuel. Then...just for funzies...they hand me $15 annually for putting my $6 monthly SiriusXM subscription on it (math, math, math...$16.44 cash back per year...nearly 3 months of free service or said another way nearly 23% cash back). All of that tied up with a no foreign transaction fee bow. The Altitude Reserve is also an awesome card on its own. Yes there's a $400 fee. But if you take even a single annual trip it's really only a $75 effective fee (after the travel credit). And while the travel bonuses and benefits are good...they aren't SO awesome on their own. But the card has two superpowers. 1. It makes ALL of our mobile wallet purchases worth 3x. And 2. it gives us a 50% bump in points when we book through their portal. So that means our mobile wallet purchases CAN be worth 4.5x...and what all can we buy with mobile wallets? A lot. Just considering the broad scope of that 3x/4.5x ability...if I had to choose a single card to carry...the Altitude Reserve might be the one I'd choose. Maybe. The Altitude Connect makes me shake my head though. I don't think it's "terrible" on its own But when you stand it up next to the GO and Reserve...it kinda is. $95 a year to get some hotel/car rental multipliers and 4x on fuel and "travel"? Really? Yes Global/TSA. Yes a $30 streaming credit. But even if you said that was a $55 value, it's still forty bucks vs. $75 effective fee for the Reserve that has a lot more upside. I think they should have left the Reserve as the travel card, and made the Connect a 4x Fuel and Grocery card. At that point an Altitude Trifecta would be viable even without point sharing. But, five will get you ten...it's coming. Wait for it...
This on it's own coulda been a video discussion... I appreciate the thought that went into this. The only hesitation I have is while US Bank is the 5th largest bank, they don't seem to act like it. Don't have a national footprint, burry the Reserve for no reason, and are sensitive to approving people. I think they're aware of the trifecta and how close they are. However don't seem to have much if any interest in competing. US Bank should by now be what Capital one is finally becoming. Maybe not lounges but the Venture X and savor cards are fantastic. Driven by balancing out transfer partners, points sharing and allowing for ease of use vs the chase and amex offerings. Yet US bank seems to ignore all of that.... I want you to be right but they seem like Citi to me; so close to being great, yet don't seem to care enough to go that extra mile. I think we often forget that because we love cards, the masses don't Banks use these as things to cross sell to the average deposit account holder. I mention this because I don't think US Bank is looking to attract people like you and me. As much as I wish they would....
@@RJFinancial No real argument about any of that, and I think it would benefit us all if they did take those last steps towards the podium of greatness. It would just put that much more pressure on the industry to work harder for our attention. So even those without a single US Bank account might see some positive fallout from a big change like that. And I agree that Capitol One certainly is “coming of age”. Though it took them a minute to get to that point. So I kinda think that suggests that US Bank has time take those steps too. And maybe they aren’t as interested in competing in the same way. I certainly can’t see the future, but time will tell the story. Tell ya what…small wager. Give my prediction until the end of 2023. If US Bank hasn’t rolled out point sharing on some level by then…I’ll send you a gift card for a steakhouse and supper is on me. But if they do…I get to phone in and chat with you about those changes while you’re recording the inevitable video covering that topic.
@@michaelmclaughlin105 I can see the title now "the man who predicted it all... the US Bank Oracle" I'll take that deal. Either way I think it could be a fun show, more conversation podcast style. I'd rather be wrong, trust me!
Be sure to do it this way to get an easy $400. As for downgrading I assume so but don't know for sure. Either way, unless downgrading to the platinum it may make more sense to cancel after year one. That way you can get all the bonuses. www.doctorofcredit.com/u-s-bank-400-checking-bonus-3/
RJ, Appreciate the US Bank love. I actually have this account and kept it as my primary checking account. They also bought Union bank so they are expanding out. I got a secured card through them it was the platinum card but I got it like 2 weeks before they released the altitude connect and the cash plus as secured versions. Uggh. This is a relationship bank and people tend to get approved if you have a bank relationship with them. I want that triple cash and the cash plus card.. two very good cards. I am definitely going to retool around my cards some are secured cards maybe cancel them get my money back. The US bank secured card goes unsecured in 1 year or sooner between 9 months to a year. I will probably product change when it goes unsecured because the no rewards suck. Oh well. What score do you think you need to get the business card triple cash one? The altitude reserve card I heard is effective annual fee of 75 dollars because of that 325 dollar credit. Great card. Appreciate it buddy.
Interesting, I have a Union bank vid in the queue ready to go. Guess I missed that headline lol. Reserve does come out to about $75 if you use the $300 travel credit. I'd say Triple Cash score is about 700, that's according to wallet hub. Seems about right.
I may go with Altitude Connect, when I get back to cruising. 4X on travel is pretty competitive. That Business Leverage card though, $95 AF and 2X on 2 categories, I'll have to pass...
Leverage is only good for the $750 intro offer, one and done. Connect isn't a bad card. It's the lack of connectivity (see what I did there) with the other Altitude cards. Connect could be a great alternative to CSP.
Lol I saw your comment about USB earlier today. I do want the cash + at some point. Gym memberships and utilities. Not a ton of spend but an easy set it and forget it card for those
@@RJFinancial totally does not makes sense and what makes way much less sense is what you highlighted! The lack of points transfers between the Altitude cards brand
Gardening season or gardening leave is a term from banking. It means to take a break from work or in this case new card applications. In banking if you leave a firm they have to payout gardening leave, so that you are far enough removed from knowing your former employers positions and holdings, making sure you don't bring any inside info to the next job.
I applied for the Altitude Reserve when I had 4 hard pulls in the prior 12-18 months, still got approved. However, I've had a banking relationship with them for 20+ years. I think the banking relationship can overcome the "inquiry sensitive" part. They are somewhat of a mystery. ALSO - the Altitude Reserve lounge access is worded poorly on their site. It's not one year only, it's a "year-by-year" Priority Pass membership that resets each year with 4 lounge visits (self) and 4 guest visits.
Gotcha... I couldn't exactly figure out what they meant with the priority pass... who writes like that? Thanks for updating, I'm sure I'll have to update this again next year... or I hope so cause that means new cards. US Bank is a mystery... for being a top 5 bank they act so weird and I'm not sure why. I consider them to have the 2nd best cash back cards of the major issuers at the moment
@@RJFinancial A mystery indeed. It's like their attitude towards credit cards is "meh ... whatever." - especially towards keeping them up-to-date, and easily understood!
old vid but I have an interesting dp. Applied to Cash+ and Kroger Mastercard (issued by US Bank) within the same week, and was 2/6, 5/12 at the time. Approved after 7 days for both. Then a month later, meaning i was now 4/6 and 7/12 (yikes), I applied for the triple cash business card and was also approved after 7 days. Decent limits on all 3 cards (2-3k). 50k personal income, 24k business income, I think what really improved my odds is that I had a checkings acct with them for ~1 month before any applications
Didn't know they were switching networks. If anything it would be a simple new card in the mail with a new number. They may offer some additional MC benefits but I wouldn't call it an upgrade.
@@RJFinancial yeah it’s weird. I was thinking maybe their discontinuing the altitude go? And making ppl switch into something else? Kind of what wf did with the propel.
That's fair. At least when it comes to bank bonuses we can look at it like we're taking their money. Open the account, hit the bonus then shut it down. Same with some of the cards, after I hit the triple cash bonus I won't cancel it but I don't think I'll keep using it.
Being that us bank give the 🖕to the state of Florida for checking, business checking and savings accounts I've never bothered looking at there credit cards.
They do the same to MI. However there's a back door to the bank bonuses. Option one is to get a credit card. They'll give you a card in any state, I have the Triple Cash. Option 2 is to open a brokerage account, wait a few days then go for the bonus. Make sure to close the brokerage by end of year as it does cost $50/year I think. This works because USB will now read you as an existing customer. I've done this and it worked no problem. I also got the card afterwards because it'll keep me as a customer in their system so I can churn the bonuses.
@@djpuplex I've seen folks here saying a gardening period of 6 months is helpful. I don't know for sure. I think I had about 5-6 months when I got the Triple cash. But I had recently opened the biz checking from one of johns vids back in the day
It's underrated. Partly due to US Bank keeping it for existing customers. They don't open deposit accounts everywhere then people tend to forget. Solid card, that may need a slight refresh to get it in the news again, could compete with the venture x
I just got approved for my first US bank card which was the triple cash. Proud moment for me-my side hustle has grown enough that I’m going to attempt to hit the bonus without personal spend. I’m actually going to use it as a business card (hopefully).
Quick question the 100$ annual software credit do you know any cheap software that would count. Imagine paying 99 cents a month and getting the 100$ credit lol
That's awesome! Congrats on the success and the approval. What's the side hustle if I may ask? Triple cash went under the radar last year but it easily coulda been card of the year.
@@RJFinancial I own a fitness equipment repair business. Treadmills, elliptical, bikes, anything in a gym. I did it full time for 10 years and when I landed my engineering job I realized it would be stupid to throwaway those 10 years of experience and relationships built. So I started doing repairs on the side. Then I got licensed, insured, etc and now it’s a “real business.” I just hired my first part-timer. Hopefully the waters between “side hustle” and “real business” muddies even further this year.
@@Spencerwalker21 Doctor if credit has done data points on this. It seems to be extremely limited. Microsoft 365 and Adobe both do not trigger the credit. So far I think only quickbooks and freshbooks have been confirmed. I’m a freshbooks user so I’m okay with that.
If you found a department store that sold them maybe, but that'll be hard. I don't see ground transportation covering tires. That's likely gonna be an automotive purchase.
Just incase, I got the Altitude Connect card a few months ago, very happy with the card, sign-up bonus/stream credit/multipliers but you CANNOT get more than "one point" for airfare booked through the U.S. Bank Travel Portal, you can only get the 4X points through directly booking through airline companies themselves. It's crazy, makes no sense to me, they did give me the 4X from my airfare booking only because the wording is not super clear in the disclosures. I do like the card and benefits and as I thought this card should be metal I had LionCard in California make it a metal card.
Interesting. The way its written would lead you to believe otherwise. It's kinda like what they do on the Reserve and Priority Pass. It reads as 12 months but it's always disputed if it's really one year or you get it for life of card. Wither way, It's not a bad card especially in year one. I want all cards to be metal... but then what would Amex do?
@@RJFinancial Hi Bud, yes, in speaking with the supervisor I pointed out that I should get the 4x points, and I also pointed out that in their disclosure "number 3", it states that you get 5x points on hotel and car and in the next paragragh it says you dont so I didnt book with them on those till they figure it out. And on your AmEx note... I had to laugh a little, the metal cards that Lion Card converts any card over to metal is alot heavier than AMEX, have the gold AmEx and it feels a little metal/plastic, these are a solid heavy metal and extremely nice. Had them do my Barclay Arrival +, B oF A and Altitude card, couldnt see where to add a pic of them but they are amazing. Good day buddy.. :)
Hh yeah, Mr. I'm gonna kill the Gold card lol. When it came out the Go was called the Gold card killer in catchy titles. I think it's the closest thing we have to it. Granted you may get more value transferring points at amex... but no annual fee. I'm a fan
Ink Business Cash has 5% cash back for internet, cable, phone, and office supply stores. No annual fee. I was originally going with us bank triple cash for the 3% phone bill but then found Ink’s card
Ink cash is my favorite biz card. I have both, Triple Cash for the bonus of $500 and to keep my relationship with them. Ink Cash is the one I'll continue to use for phone/internet to your point.
We're slowly starting to see it. Added to the Autograph earlier this week. Every gas multiplier should have it as an option. Plus it gives banks a way to say look how green we are
US Bank Altitude Reserve needs to add transfer partners and/or match CapitalOne Venture X's 10X for travel booked through on its own Rewards Portal. It's arguably one of the better Visa Infinite card if you travel a couple times per year. This one of the only cards doing 3X on Mobile Wallet purchases.
All great points. For some reason US Bank despite being top 5 doesn't seem interested in competing. Reserve should be a contender next to venture x as both are fairly priced no nonsense cards.
I got a US Bank ad in the middle of the video... Not sure if he can choose what plays for the ads but really makes me feel like Big Brother is always here🙃 When I get good enough credit and savings... I'm moving to Antarctica 🤣
Lol, we don't get a say on which ads run. I did run Google ads myself a long time ago and the ad runner gets a lot of control on the type of content to place their ads on... besides, I'd bug you with my own referral link before I let the bank take all the credit.
USB is a weird bank. They are top 5 but act like a much smaller regional bank. I'd say the cards are worth it for the bonuses if you're coming off a garden period. Some keepers as well on the cash back side of the house.
They can be tough. If your close to a branch look for a checking account bonus then open it in branch. You’ll usually get offered a card as well Aside from that if applying online I’d do some garden time in between applying for them. They are sensitive but not impossible
@@RJFinancial how much garden time? I got the Citi Custom Cash this past march. Also denied IHG business card from Chase since at the time was over 5/24, and in august closed on a house. I opened a US Banks savings account and banker said I was preapproved for their cards but I decided to wait. Have 2 hard pulls on all 3 bureaus in last 12 months. In 720's all 3 fico 8 scores. Made 6 figure income so far this year. Should I try a US Bank credit card? They have several that interest me.
@@RJFinancial just did. 2K approval. They pulled transunion. Not sure which fico scoring model they used since they didn't specify, but they said score is 741, which is exactly the scores of my credit card fico 9 and auto score 8 scores according to today's updated scores on the myfico app. Am assuming they used the credit card fico 9 version. There is also a bankcard 9 credit card version, but my score there is higher than that. Maybe it is fico 9 classic version that they call it if I'm not mistaken. I'm fine with 2K since I pay all my cards off weekly. Hopefully, they do auto increases. As of now, it is tied with my Capital One Quicksilver for lowest credit limit. At least I got my foot in the door with an approval. I heard that many people have started with just $500 limits, so I'm thankful to start higher than that lol.
I'd put no. I don't think that relates to the amount of money you get. It'll take you to a screen to begin the balance transfers if you're approved. My guess anyway
You can become a customer if your out of footprint by getting another card first. You can also open a brokerage account. I did this to get in to hit their bank account bonuses. Make sure to close the brokerage account by end of year as it is $50/year I believe.
@@RJFinancial Yeah I'm out of FL. I'll see how it works out with maybe something like the Cash+ once I let my inquiries age. I ve got too many inquiries within 6 months.
It would challenge chase as US Bank doesn't have to be as good because it would be cheaper all around... at least with the Go, Cash +, and reserve. Maybe slot the connect in to be like the CSP
@@dfuent26 I'd say pick one then come back for the other maybe in 30 days. However there are a bunch of data points here of folks trying two apps same day and it working www.doctorofcredit.com/things-everybody-should-know-about-us-bank-credit-cards/
Love the Altitude Go. Likely get more value transferring MR points vs US Bank but no credits to deal with and no annual fee... it's a must for any cash back setup
The Cash+ gives 5% back on car rentals, hotel, and travel purchases made through their rewards travel center. Some things about US Bank; they don't like savers. They want you to take out personal loans, open credit cards, open brokerage accounts, and take out a mortgage. Every time I walk into a branch the women always try to sell me "something."
When I opened my US Bank savings account like a month ago, I was preapproved for credit cards, but I decided to wait since I am hearing they are sensitive to new accounts and don't want to be declined. Once I hear more data points, I might give it a shot. I have 1 credit card approval, 1 denial, and a new mortgage within the last year. All bureaus have 2 hard pulls in last year. Not sure if that would get me approved for one of their cards.
Great video!! Thanks for the updated version. Was wondering about a couple categories for cash back. On the Go it says 4% back on restaurants, dining and take out. Cash + says 5% back on fast food. So I was wondering if the GO card gives you the 4% at fast food and the Cash + will register at restaurants, dining and take out?? Really have been enjoying your videos. Subscribed!! ✌🏻🤟🏻👊🏻
Hey, appreciate that and welcome! I believe the Go card is all inclusive where the cash + needlessly differentiates between the two. It's hard to tell because it comes down to MCC code; which we can't easily look up anymore. Test purchases are the easiest way sadly. They seem to want to make it harder to max out on one over the other I guess.
@@RJFinancial Thanks. I noticed on the Cash + fast food is a 5% category and restaurants is a 2% category. So I take it on that card it is different like you said. Thanks again for your feedback. ✌🏻🤟🏻👊🏻
RJ I was wondering if you could make a video about the simply rewards card from UMB bank. This card is literally on top of my list, and i’ve been trying to get it. The only problem is that i live in NJ and they don’t approve anyone out of their banking range. However, they do offer the same bank under diff banks.
Yes, I can add UMB to the list for these types of videos. It may take a few weeks to get in the rotation. I have a few more time sensitive things like paying taxes that I need to publish but I'll get it in. At a glance, this is a good card. Redemption seems limited to a statement credit only, can't even deposit it to an account which seems nit picky. If you want one card, this is a solid option. Could do better on each multiplier on different cards, but that's not for everyone.
Never really trusted credit cards before. But I applied for an Altitude Go card last year and got it. It took a year before I actually used it. But I ran into a bit of financial troubles recently and I came across the option "Extended Pay Plan". Have you heard of that? Do you think that tool is something I should utilize?
You have the Triple Cash. Ive been looking everywhere for more data points on what does and doesn't count for the software credit. Does your credit tracker show which charges qualify?
You know, I can't find any either. I'm not sure what the definition of software is. For example if I pay for app store purchases or my Office 365 subscription does that count? No idea... I think we'll have to call US Bank and see if they can provide a list. Sorry!
@@RJFinancial On the Cash+ card there is a similar credit (only for streaming, instead). It is also an annual credit for 11 consecutive months (RUclips Premium, Hulu and Netflix count). How do I know? When you open the card on the website there is a "speedometer" which shows progress of how many (out of 11) you've done so far. When you click "Check my progress", it shows every qualifying purchase that triggers the credit every month. My question is, when you click on the Triple Cash card, is there no speedometer?
@@RJFinancial I just called US Bank and spoke to a knowledgeable rep... he looked it up and saw that the category code that triggers it is "5734 Computer Software Stores" (that is the only MCC that counts. The Visa site for checking MCCs is dead. So now it's a matter of finding which things are MCC 5734. He did say that he can see the MCCs of current and past charges and they can confirm them on the phone.
@@featherpony That's great info, thanks! Honestly USB should publish a list like Chase does with its categories. They cover a lot of the main stores people would go. Makes life easier. Visa moved the look up tool to a paid business subscription I think... sad day
Thank you sir. Sadly I don't think so. US Bank has really good cards but for some reason despite being a top 5 bank, they seem to not be ultra competitive. You can't even get a deposit account nationwide (tho I have work arounds) I don't think they feel the need or even have any interest in attracting people like us. Which is a shame because it you make Cash + earn altitude points and let the combine, I think you easily challenge chase/amex because this is the cheapest trifecta around.
@@RJFinancial If you could move points from the Cash+, Connect, and Go to the Altitude Reserve ... I very well might have no need to have another bank.
Fair points. US Bank doesn't seem interested in competing. It wouldn't be too hard to revamp this program to be amazing... Cap One is doing what USB should be doing.
Was interested in getting the signature cash card just to pay utilities but unfortunately their list of approved utility companies is limited. I live in Georgia and none of the utilities on their list include the ones I use. This should be made clear to people, so they don't apply for this card thinking their utility companies are included.
I agree with you. Usually the issuer defaults to the line of "dependent on merchant code" which there isn't a good way for people to look up. Visa use to have a tool but have since removed it
I'd say use the card for a few months then I wouldn't be surprised if they gave you more automatically. They did this with my Triple Cash card. It was $3k to start which is low for a biz card. Then randomly jumped to $14k. I believe this is issuers way of testing out new customers. Managing risk with CL. Which I know sounds silly as you have a solid score. Also depends on what card this is for you. If you have many cards already then this may not be a big deal. If you need to max out the full $2k/quarter on the cash + for example then I can see it being an issue.
They gave me a random increase on my Triple Cash card. I didn't ask for it so they couldn't pull credit without permission. Easiest way if you want one would be to have the card for maybe a year then phone in. They have to get your consent to pull credit so you'll know if they will or not
I read online that US Bank has an unwritten rule where their computer systems will automatically reject someone who has opened more than two credit cards in the last twelve months.
Entirely possibile. I've seen similar posts but never a solid number like the Chase 5/24. Best moves are to go in branch if you can or do a little gardening before applying.
What are my odds of getting approved for a US Bank credit card? I got 1 credit card in last 12 months, and bought a house. Was also denied a Chase business card within the last 12 months, so each credit bureau has 2 hard pulls in last year. In 720's all 3 fico 8 scores. I opened a US Bank savings account about a month ago. Made 6 figure salary so far this year.
Thanks for tuning in! Like what you see here? Then you're going to love Elan Credit Card - ruclips.net/video/H_bBiMORuEQ/видео.html
Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 50 and my wife 44 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income.
Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated
@@Alexedmartin Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Regina Louise Collaro) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance.She is quite popular for her services so you might have heard of her.
She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I’ll advise you do get a good Investment advisor for yourself.
@@ugojazzy7812 That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
@@Alexedmartin look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located
@@ugojazzy7812 I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me .
kroger and related cards issued by us bank give 5% back on digital wallet payments anywhere ($3000 cap per year). really easy approval I think since they are store cards. $100 sign on on $500 spend for many of them
I can't say this enough but you're intro tune gets me so hype cuz regardless of when I start your video at 1x or 2x speed, I just end up bobbing my head little haha
Glad to hear it. I do the into this way because its more fun than me telling you what I talk about every show, for new comers who may not know. I believe the song is City of Jewels. I found it on the free RUclips library
I’m a big fan of the US Bank cards. If they did unite the currency earnings, they would be big players. I still think if you’re team cash back, you can do very well with their cards.
Agree, with capital one stepping up I do wonder if it'll push anyone else into competitive mode. I have the triple cash and am a big fan of the cash + and Go.
I’m a big fan of US bank too….I have the Altitude Go card.
That one is also on my list at some point. Good card
@@RJFinancial I will tell you so far I have been enjoying my Altitude Go card.
Just picked this card up myself solid rewards for no AF.
I like the us bank card I get 5% of my 100 cox internet bill and 5% back on my streaming services when my 6% back goes away after I downgrade my amex blue cash preferred. So I can earn about 110 a year by doing nothing well 310 first year of you hit the sign up bonus.
WORK HARDER!!! JUST DO IT ALREADY RJ, YA COMMIE!!!
Lol, you want a new vid every day?
@@RJFinancial Only 1 video every day? Psshh be the Meet Kevin of Credit Cards and post 3-10 vids per day!
@@lopezzepol1 What day(s) did Kevin post ten in a day?
You forgot to mention a new perk with the Cash Plus is it now earns 5% through the portal for airfare, prepaid hotels and car rental. Odd that the reserve and connect only earn 5% for prepaid hotels and car rentals
That's why I have you! It's a nice add on, that gives me a little hope that USB is thinking of being competitive one day.
FlexPerks Gold Card and Altitude Reserve do earn a common currency. (Altitude Reserve behind the scenes uses "FlexPerks" points? Flexpoints?) - I've done it before. (Go and Connect do not, I've been told by a banker)
Why can't USB make this easy to follow... who woulda guessed? Thanks again for sharing sir
I'm tempted to get the Go or Connect just to "verify" if what they say about not being able to transfer points is accurate. I wonder if I could convince some phone agent to combine my points?!?! :)
Good Info!
US Bank is the worst. I have been waiting for a paycheck from them for a month. This doesn’t sound quite legal, but I closed my account and my second job sent my last couple paychecks to the closed account…. US Bank then cleared those paychecks and are sending me cashier’s checks……. Makes no sense, why would they cash a check for someone who no longer has an account? Sounds phishy to me.
This situation has caused me to fall behind on my rent and bills when they could’ve just rejected the checks and my work would have happily wrote me new ones immediately. They have no concern for current or former account holders.
I would have assumed USB would have rejected the payments and sent them back to the employer to deal with. Takes a few days but that's usually the process I'm familiar with. Sorry to hear it. If it makes it better, they got fined $37.5 million by the CFPB for opening accounts for customers without their knowledge.
Do Authorize User credit cards add to accounts opened in the last 6 or 12 months?
At first pass they probably would. If you got denied for too many accounts and phoned In you may be able to get over turned
Hey RJ, You are right that it’s not a bad idea to be in the garden for a short period of time before applying for a U.S. Bank Credit Card. The garden season should probably be at least 6 months or even 1 year. I just got approved for the Cash+ card in November 2021 and when I applied for it I had no new credit cards open 6 months prior and only one new card opened in the previous 12 months. I also have had a checking account with U.S. Bank since May 2021. From some of the data points I have heard is that they may be more likely to approve people for credit cards if they have been an existing customer of the bank. It’s also not a bad idea to have a credit score of at least 700 when applying for one of their cards. I’ll be honest, I think the Altitude Reserve card is one of the best travel cards available and it is one I will consider if I decide to get a travel card. I also hope to get the Altitude Go card in the future for the 4% back on dining and if I get it I will probably use it to pay for my SiriusXM subscription for the $15 annual streaming credit.
Thanks for sharing so many data points. I did have a biz checking account when I got the triple cash. and hadn't applied for a new card in maybe 5-6 months so I can throw those in as additional data points.
Reserve is a solid card. All the US Bank cards go under the radar because for some reason the bank doesn't seem interested in being a contender. It's still odd to me that they don't have a national footprint being the 5th largest bank. People in MI where I'm from have never heard of them as there's no presence.
@@RJFinancial I believe they are present in the UP of Michigan. They do have some branches in Ohio going towards the Cedar Point and Cleveland areas.
@@RJFinancial I had never heard of them before researching credit cards. Now i have a bank account and looking forward to eventually getting a few of their biz cards and the cash +, altitudes, and probably more. Super underrated and understated bank.
To my mind, it's a foregone conclusion that US Bank will end up making their points transferable. Specifically between their Altitude lineup. The reason I think so is that the Altitude GO and Altitude Connect were both launched 1. As Altitude cards. And 2. Using "Altitude Points" rather than simple cash back (as the Cash+ uses). If they were always intended to stay separate...why do that? Why not the US Bank "Eats" card for 4% cash back, instead of the Altitude GO with 4x Altitude Points? It just all lines up a little too well to not seem like a long term plan.
Not making the cards able to share points right away makes sense too. Why offer up those initially higher signup bonuses and then turn around and have to give everyone fifty percent more when we all transfer them over to the Reserve? No. Put the cards out there...let the market for them saturate a little...give folks enough time to go ahead and take their cash back...THEN look at possibly combining points.
The Altitude GO is a awesome card all on its own. For no money annually I get 4x on Dining, 2x on Streaming, 2x on Groceries, and 2x on Fuel. Then...just for funzies...they hand me $15 annually for putting my $6 monthly SiriusXM subscription on it (math, math, math...$16.44 cash back per year...nearly 3 months of free service or said another way nearly 23% cash back). All of that tied up with a no foreign transaction fee bow.
The Altitude Reserve is also an awesome card on its own. Yes there's a $400 fee. But if you take even a single annual trip it's really only a $75 effective fee (after the travel credit). And while the travel bonuses and benefits are good...they aren't SO awesome on their own. But the card has two superpowers. 1. It makes ALL of our mobile wallet purchases worth 3x. And 2. it gives us a 50% bump in points when we book through their portal. So that means our mobile wallet purchases CAN be worth 4.5x...and what all can we buy with mobile wallets? A lot. Just considering the broad scope of that 3x/4.5x ability...if I had to choose a single card to carry...the Altitude Reserve might be the one I'd choose. Maybe.
The Altitude Connect makes me shake my head though. I don't think it's "terrible" on its own But when you stand it up next to the GO and Reserve...it kinda is. $95 a year to get some hotel/car rental multipliers and 4x on fuel and "travel"? Really? Yes Global/TSA. Yes a $30 streaming credit. But even if you said that was a $55 value, it's still forty bucks vs. $75 effective fee for the Reserve that has a lot more upside. I think they should have left the Reserve as the travel card, and made the Connect a 4x Fuel and Grocery card. At that point an Altitude Trifecta would be viable even without point sharing.
But, five will get you ten...it's coming. Wait for it...
This on it's own coulda been a video discussion... I appreciate the thought that went into this.
The only hesitation I have is while US Bank is the 5th largest bank, they don't seem to act like it. Don't have a national footprint, burry the Reserve for no reason, and are sensitive to approving people. I think they're aware of the trifecta and how close they are. However don't seem to have much if any interest in competing.
US Bank should by now be what Capital one is finally becoming. Maybe not lounges but the Venture X and savor cards are fantastic. Driven by balancing out transfer partners, points sharing and allowing for ease of use vs the chase and amex offerings. Yet US bank seems to ignore all of that....
I want you to be right but they seem like Citi to me; so close to being great, yet don't seem to care enough to go that extra mile. I think we often forget that because we love cards, the masses don't Banks use these as things to cross sell to the average deposit account holder. I mention this because I don't think US Bank is looking to attract people like you and me. As much as I wish they would....
@@RJFinancial No real argument about any of that, and I think it would benefit us all if they did take those last steps towards the podium of greatness. It would just put that much more pressure on the industry to work harder for our attention. So even those without a single US Bank account might see some positive fallout from a big change like that. And I agree that Capitol One certainly is “coming of age”. Though it took them a minute to get to that point. So I kinda think that suggests that US Bank has time take those steps too. And maybe they aren’t as interested in competing in the same way. I certainly can’t see the future, but time will tell the story. Tell ya what…small wager. Give my prediction until the end of 2023. If US Bank hasn’t rolled out point sharing on some level by then…I’ll send you a gift card for a steakhouse and supper is on me. But if they do…I get to phone in and chat with you about those changes while you’re recording the inevitable video covering that topic.
@@michaelmclaughlin105 I can see the title now "the man who predicted it all... the US Bank Oracle" I'll take that deal. Either way I think it could be a fun show, more conversation podcast style. I'd rather be wrong, trust me!
I almost shed a tear reading this. I agree 100% with everything. It has so much potential!
I might open a checking or savings just so i can get that reserve card. Am i able to downgrade after year 1?
Be sure to do it this way to get an easy $400. As for downgrading I assume so but don't know for sure. Either way, unless downgrading to the platinum it may make more sense to cancel after year one. That way you can get all the bonuses.
www.doctorofcredit.com/u-s-bank-400-checking-bonus-3/
RJ,
Appreciate the US Bank love. I actually have this account and kept it as my primary checking account. They also bought Union bank so they are expanding out. I got a secured card through them it was the platinum card but I got it like 2 weeks before they released the altitude connect and the cash plus as secured versions. Uggh. This is a relationship bank and people tend to get approved if you have a bank relationship with them. I want that triple cash and the cash plus card.. two very good cards. I am definitely going to retool around my cards some are secured cards maybe cancel them get my money back. The US bank secured card goes unsecured in 1 year or sooner between 9 months to a year. I will probably product change when it goes unsecured because the no rewards suck. Oh well. What score do you think you need to get the business card triple cash one? The altitude reserve card I heard is effective annual fee of 75 dollars because of that 325 dollar credit. Great card. Appreciate it buddy.
Interesting, I have a Union bank vid in the queue ready to go. Guess I missed that headline lol. Reserve does come out to about $75 if you use the $300 travel credit. I'd say Triple Cash score is about 700, that's according to wallet hub. Seems about right.
I may go with Altitude Connect, when I get back to cruising. 4X on travel is pretty competitive. That Business Leverage card though, $95 AF and 2X on 2 categories, I'll have to pass...
Leverage is only good for the $750 intro offer, one and done. Connect isn't a bad card. It's the lack of connectivity (see what I did there) with the other Altitude cards. Connect could be a great alternative to CSP.
Had to come back to watch this gem of a video again!
Lol I saw your comment about USB earlier today. I do want the cash + at some point. Gym memberships and utilities. Not a ton of spend but an easy set it and forget it card for those
How come that Leverage card has an anual fee with 2x only on 2 categories and the triple cash don’t with all those 3x categories!
not everything makes sense in this game lol. I do want the leverage at some point for the $750 bonus but it'll be a one and done card for me.
@@RJFinancial totally does not makes sense and what makes way much less sense is what you highlighted! The lack of points transfers between the Altitude cards brand
Can you get a US bank biz card as a sole proprietor?
Yes. That’s how I’ve gotten all of mine
What do you mean by Garden Season?
Gardening season or gardening leave is a term from banking. It means to take a break from work or in this case new card applications. In banking if you leave a firm they have to payout gardening leave, so that you are far enough removed from knowing your former employers positions and holdings, making sure you don't bring any inside info to the next job.
I applied for the Altitude Reserve when I had 4 hard pulls in the prior 12-18 months, still got approved. However, I've had a banking relationship with them for 20+ years. I think the banking relationship can overcome the "inquiry sensitive" part. They are somewhat of a mystery.
ALSO - the Altitude Reserve lounge access is worded poorly on their site. It's not one year only, it's a "year-by-year" Priority Pass membership that resets each year with 4 lounge visits (self) and 4 guest visits.
Gotcha... I couldn't exactly figure out what they meant with the priority pass... who writes like that? Thanks for updating, I'm sure I'll have to update this again next year... or I hope so cause that means new cards.
US Bank is a mystery... for being a top 5 bank they act so weird and I'm not sure why. I consider them to have the 2nd best cash back cards of the major issuers at the moment
@@RJFinancial A mystery indeed. It's like their attitude towards credit cards is "meh ... whatever." - especially towards keeping them up-to-date, and easily understood!
Do you still bank with them ?
@@CaptainGunSkill Yes
old vid but I have an interesting dp. Applied to Cash+ and Kroger Mastercard (issued by US Bank) within the same week, and was 2/6, 5/12 at the time. Approved after 7 days for both. Then a month later, meaning i was now 4/6 and 7/12 (yikes), I applied for the triple cash business card and was also approved after 7 days. Decent limits on all 3 cards (2-3k). 50k personal income, 24k business income, I think what really improved my odds is that I had a checkings acct with them for ~1 month before any applications
Appreciate the data points and congrats on the pick ups
Are us bank issuing a switch or upgrade between the altitude go into the world elite Mastercard?
Didn't know they were switching networks. If anything it would be a simple new card in the mail with a new number. They may offer some additional MC benefits but I wouldn't call it an upgrade.
@@RJFinancial yeah it’s weird. I was thinking maybe their discontinuing the altitude go? And making ppl switch into something else? Kind of what wf did with the propel.
They are still advertising the Visa maybe this change never went through, Visa is the most accepted card so glad it’s still Visa.
Cool tgx
It’s hard for me to give them my business as a black man after watching that RUclips video of how they treat black people at their branches.
That's fair. At least when it comes to bank bonuses we can look at it like we're taking their money. Open the account, hit the bonus then shut it down. Same with some of the cards, after I hit the triple cash bonus I won't cancel it but I don't think I'll keep using it.
Screw US Bank. They should call it the "zip code" bank.
If anyone knows what RUclips tv code as for the us bank cash plus card that would be helpful.
I don't, sorry but bumping up incase anyone else might.
Thanks for the video but I did not understand a lot of the terminology you used.
What can I help to clear up?
Being that us bank give the 🖕to the state of Florida for checking, business checking and savings accounts I've never bothered looking at there credit cards.
They do the same to MI. However there's a back door to the bank bonuses. Option one is to get a credit card. They'll give you a card in any state, I have the Triple Cash. Option 2 is to open a brokerage account, wait a few days then go for the bonus. Make sure to close the brokerage by end of year as it does cost $50/year I think.
This works because USB will now read you as an existing customer. I've done this and it worked no problem. I also got the card afterwards because it'll keep me as a customer in their system so I can churn the bonuses.
@@RJFinancial thanks any idea how many inquiries is a denial for them?
@@djpuplex I've seen folks here saying a gardening period of 6 months is helpful. I don't know for sure. I think I had about 5-6 months when I got the Triple cash. But I had recently opened the biz checking from one of johns vids back in the day
Great stuff RJ
Love the Altitude Reserve!
It's underrated. Partly due to US Bank keeping it for existing customers. They don't open deposit accounts everywhere then people tend to forget. Solid card, that may need a slight refresh to get it in the news again, could compete with the venture x
I just got approved for my first US bank card which was the triple cash.
Proud moment for me-my side hustle has grown enough that I’m going to attempt to hit the bonus without personal spend. I’m actually going to use it as a business card (hopefully).
Quick question the 100$ annual software credit do you know any cheap software that would count. Imagine paying 99 cents a month and getting the 100$ credit lol
That's awesome! Congrats on the success and the approval. What's the side hustle if I may ask? Triple cash went under the radar last year but it easily coulda been card of the year.
@@RJFinancial I own a fitness equipment repair business. Treadmills, elliptical, bikes, anything in a gym. I did it full time for 10 years and when I landed my engineering job I realized it would be stupid to throwaway those 10 years of experience and relationships built. So I started doing repairs on the side. Then I got licensed, insured, etc and now it’s a “real business.” I just hired my first part-timer.
Hopefully the waters between “side hustle” and “real business” muddies even further this year.
@@electroduval831 That's awesome. I'm a gym regular every single day. What makes or breaks a gym is the downtime on machines. Continued success sir
@@Spencerwalker21 Doctor if credit has done data points on this. It seems to be extremely limited. Microsoft 365 and Adobe both do not trigger the credit. So far I think only quickbooks and freshbooks have been confirmed.
I’m a freshbooks user so I’m okay with that.
Could you get tires for your for 5%
If you found a department store that sold them maybe, but that'll be hard. I don't see ground transportation covering tires. That's likely gonna be an automotive purchase.
Just incase, I got the Altitude Connect card a few months ago, very happy with the card, sign-up bonus/stream credit/multipliers but you CANNOT get more than "one point" for airfare booked through the U.S. Bank Travel Portal, you can only get the 4X points through directly booking through airline companies themselves. It's crazy, makes no sense to me, they did give me the 4X from my airfare booking only because the wording is not super clear in the disclosures. I do like the card and benefits and as I thought this card should be metal I had LionCard in California make it a metal card.
Interesting. The way its written would lead you to believe otherwise. It's kinda like what they do on the Reserve and Priority Pass. It reads as 12 months but it's always disputed if it's really one year or you get it for life of card. Wither way, It's not a bad card especially in year one. I want all cards to be metal... but then what would Amex do?
@@RJFinancial Hi Bud, yes, in speaking with the supervisor I pointed out that I should get the 4x points, and I also pointed out that in their disclosure "number 3", it states that you get 5x points on hotel and car and in the next paragragh it says you dont so I didnt book with them on those till they figure it out. And on your AmEx note... I had to laugh a little, the metal cards that Lion Card converts any card over to metal is alot heavier than AMEX, have the gold AmEx and it feels a little metal/plastic, these are a solid heavy metal and extremely nice. Had them do my Barclay Arrival +, B oF A and Altitude card, couldnt see where to add a pic of them but they are amazing. Good day buddy.. :)
Love the altitude go! Better than the Amex gold card ! Haha
Hh yeah, Mr. I'm gonna kill the Gold card lol. When it came out the Go was called the Gold card killer in catchy titles. I think it's the closest thing we have to it. Granted you may get more value transferring points at amex... but no annual fee. I'm a fan
@@RJFinancial totally agree!
Gold will GO(USB)
With the addition of the Altitude Go I feel less stressed I let go of the Amex Gold.
Who do they pull from?
I believe it's transunion
Experian for me
Great review
Ink Business Cash has 5% cash back for internet, cable, phone, and office supply stores. No annual fee.
I was originally going with us bank triple cash for the 3% phone bill but then found Ink’s card
Ink cash is my favorite biz card. I have both, Triple Cash for the bonus of $500 and to keep my relationship with them. Ink Cash is the one I'll continue to use for phone/internet to your point.
Agreed on the electric car charging should be the new gas stations category to be added.
We're slowly starting to see it. Added to the Autograph earlier this week. Every gas multiplier should have it as an option. Plus it gives banks a way to say look how green we are
I want that cash plus card.
Cash + is a sleeper card, like many of US Bank cards honestly. It's a must for any cash back setup
This video is packed with great info, thank you!
Always at your service, Appreciate you stopping by sir
US Bank Altitude Reserve needs to add transfer partners and/or match CapitalOne Venture X's 10X for travel booked through on its own Rewards Portal. It's arguably one of the better Visa Infinite card if you travel a couple times per year. This one of the only cards doing 3X on Mobile Wallet purchases.
All great points. For some reason US Bank despite being top 5 doesn't seem interested in competing. Reserve should be a contender next to venture x as both are fairly priced no nonsense cards.
I got a US Bank ad in the middle of the video... Not sure if he can choose what plays for the ads but really makes me feel like Big Brother is always here🙃 When I get good enough credit and savings... I'm moving to Antarctica 🤣
Lol, we don't get a say on which ads run. I did run Google ads myself a long time ago and the ad runner gets a lot of control on the type of content to place their ads on... besides, I'd bug you with my own referral link before I let the bank take all the credit.
Any clue if my state farm auto/rental bill will magically code as home utilities 🤞🏻
I paid my Progressive auto with my triple cash. It codes as insurance sales if that helps.
@@RJFinancial thanks for the info!
US Bank sucks. Hard pulls for everything and they don't have automatic CLI's.
USB is a weird bank. They are top 5 but act like a much smaller regional bank. I'd say the cards are worth it for the bonuses if you're coming off a garden period. Some keepers as well on the cash back side of the house.
who do they report to for business credit and which cards
USB doesn't report biz cards to personal. There are 3 issuers who do; Discover, Capital One, and TD I think are the ones.
I'm concerned to get denied credit card from US Bank, can u give data points to get approval ?
They can be tough. If your close to a branch look for a checking account bonus then open it in branch. You’ll usually get offered a card as well
Aside from that if applying online I’d do some garden time in between applying for them. They are sensitive but not impossible
@@RJFinancial A hard pull and no card is tough...
@@RJFinancial how much garden time? I got the Citi Custom Cash this past march. Also denied IHG business card from Chase since at the time was over 5/24, and in august closed on a house. I opened a US Banks savings account and banker said I was preapproved for their cards but I decided to wait. Have 2 hard pulls on all 3 bureaus in last 12 months. In 720's all 3 fico 8 scores. Made 6 figure income so far this year. Should I try a US Bank credit card? They have several that interest me.
@@a3sully I say go for it. If you're close to a branch and want better odds you can apply in branch.
@@RJFinancial just did. 2K approval. They pulled transunion. Not sure which fico scoring model they used since they didn't specify, but they said score is 741, which is exactly the scores of my credit card fico 9 and auto score 8 scores according to today's updated scores on the myfico app. Am assuming they used the credit card fico 9 version. There is also a bankcard 9 credit card version, but my score there is higher than that. Maybe it is fico 9 classic version that they call it if I'm not mistaken. I'm fine with 2K since I pay all my cards off weekly. Hopefully, they do auto increases. As of now, it is tied with my Capital One Quicksilver for lowest credit limit. At least I got my foot in the door with an approval. I heard that many people have started with just $500 limits, so I'm thankful to start higher than that lol.
what should I put YES OR NO when they asking about balance transfer ? I want to get a maximum limit
I'd put no. I don't think that relates to the amount of money you get. It'll take you to a screen to begin the balance transfers if you're approved. My guess anyway
I want that Altitude Reserve. Very good especially if one does a lot of mobile wallet payments which I do not. I currently not a customer tho.
You can become a customer if your out of footprint by getting another card first. You can also open a brokerage account. I did this to get in to hit their bank account bonuses. Make sure to close the brokerage account by end of year as it is $50/year I believe.
@@RJFinancial Yeah I'm out of FL. I'll see how it works out with maybe something like the Cash+ once I let my inquiries age. I ve got too many inquiries within 6 months.
Us bank can even up on chase if we can actually pool our rewards together
It would challenge chase as US Bank doesn't have to be as good because it would be cheaper all around... at least with the Go, Cash +, and reserve. Maybe slot the connect in to be like the CSP
Us bank treated me bad. 1,000 card. Incredible
That can be rough it's one of your only cards. They gave me $3k on first biz card then it randomly jumped to $14k a few months later
@@RJFinancial I got approved for $9,000 cash+
Does anyone know if walmart coes as a department store with US Bank cards? Thanks in advance.
I believe Walmart gets coded as discount store on most cards. Super centers sometimes code as grocery
Can anyone tell me how fast can I get the cash + and go card if I have no credit inquiries in the last 12 months?
I'd say its been enough time to give it a try. Can always do it in branch if you want a little extra chance.
Do I apply to both credit cards at the same time or wait in between? If so how long in between?
@@dfuent26 I'd say pick one then come back for the other maybe in 30 days. However there are a bunch of data points here of folks trying two apps same day and it working
www.doctorofcredit.com/things-everybody-should-know-about-us-bank-credit-cards/
Thanks for bringing the US bank Go card to my attention it is indeed the gold card killer you always go over the minute details great video my man
Love the Altitude Go. Likely get more value transferring MR points vs US Bank but no credits to deal with and no annual fee... it's a must for any cash back setup
@@RJFinancial you bring up an interesting conundrum there
The Cash+ gives 5% back on car rentals, hotel, and travel purchases made through their rewards travel center. Some things about US Bank; they don't like savers. They want you to take out personal loans, open credit cards, open brokerage accounts, and take out a mortgage. Every time I walk into a branch the women always try to sell me "something."
Haha that's a banker for you. They sound more aggressive than most. It's funny because with financial products the rate and fees do the selling.
When I opened my US Bank savings account like a month ago, I was preapproved for credit cards, but I decided to wait since I am hearing they are sensitive to new accounts and don't want to be declined. Once I hear more data points, I might give it a shot. I have 1 credit card approval, 1 denial, and a new mortgage within the last year. All bureaus have 2 hard pulls in last year. Not sure if that would get me approved for one of their cards.
Great video!! Thanks for the updated version. Was wondering about a couple categories for cash back. On the Go it says 4% back on restaurants, dining and take out. Cash + says 5% back on fast food.
So I was wondering if the GO card gives you the 4% at fast food and the Cash + will register at restaurants, dining and take out??
Really have been enjoying your videos. Subscribed!! ✌🏻🤟🏻👊🏻
Hey, appreciate that and welcome! I believe the Go card is all inclusive where the cash + needlessly differentiates between the two. It's hard to tell because it comes down to MCC code; which we can't easily look up anymore. Test purchases are the easiest way sadly. They seem to want to make it harder to max out on one over the other I guess.
@@RJFinancial Thanks. I noticed on the Cash + fast food is a 5% category and restaurants is a 2% category. So I take it on that card it is different like you said. Thanks again for your feedback. ✌🏻🤟🏻👊🏻
RJ
I was wondering if you could make a video about the simply rewards card from UMB bank. This card is literally on top of my list, and i’ve been trying to get it. The only problem is that i live in NJ and they don’t approve anyone out of their banking range. However, they do offer the same bank under diff banks.
Yes, I can add UMB to the list for these types of videos. It may take a few weeks to get in the rotation. I have a few more time sensitive things like paying taxes that I need to publish but I'll get it in.
At a glance, this is a good card. Redemption seems limited to a statement credit only, can't even deposit it to an account which seems nit picky. If you want one card, this is a solid option. Could do better on each multiplier on different cards, but that's not for everyone.
Never really trusted credit cards before. But I applied for an Altitude Go card last year and got it. It took a year before I actually used it. But I ran into a bit of financial troubles recently and I came across the option "Extended Pay Plan". Have you heard of that? Do you think that tool is something I should utilize?
I only have one US Bank card that's a biz card. Is Extended Play a US Bank payment plan type feature they're offering? I can look into it more
You have the Triple Cash. Ive been looking everywhere for more data points on what does and doesn't count for the software credit. Does your credit tracker show which charges qualify?
You know, I can't find any either. I'm not sure what the definition of software is. For example if I pay for app store purchases or my Office 365 subscription does that count? No idea... I think we'll have to call US Bank and see if they can provide a list. Sorry!
@@RJFinancial On the Cash+ card there is a similar credit (only for streaming, instead). It is also an annual credit for 11 consecutive months (RUclips Premium, Hulu and Netflix count).
How do I know? When you open the card on the website there is a "speedometer" which shows progress of how many (out of 11) you've done so far. When you click "Check my progress", it shows every qualifying purchase that triggers the credit every month.
My question is, when you click on the Triple Cash card, is there no speedometer?
@@featherpony I don't have any trackers. Not even for the signup bonus which has been annoying to keep track of manually
@@RJFinancial I just called US Bank and spoke to a knowledgeable rep... he looked it up and saw that the category code that triggers it is "5734 Computer Software Stores" (that is the only MCC that counts.
The Visa site for checking MCCs is dead. So now it's a matter of finding which things are MCC 5734.
He did say that he can see the MCCs of current and past charges and they can confirm them on the phone.
@@featherpony That's great info, thanks! Honestly USB should publish a list like Chase does with its categories. They cover a lot of the main stores people would go. Makes life easier. Visa moved the look up tool to a paid business subscription I think... sad day
Nice video as always. Do you think US Bank along with others will start to follow the trend of just having one currency like Amex and Chase?
Thank you sir. Sadly I don't think so. US Bank has really good cards but for some reason despite being a top 5 bank, they seem to not be ultra competitive. You can't even get a deposit account nationwide (tho I have work arounds) I don't think they feel the need or even have any interest in attracting people like us. Which is a shame because it you make Cash + earn altitude points and let the combine, I think you easily challenge chase/amex because this is the cheapest trifecta around.
@@RJFinancial If you could move points from the Cash+, Connect, and Go to the Altitude Reserve ... I very well might have no need to have another bank.
Does this card consider youtube in the streaming service category?
I would probably have their cards already if they had a transferrable currency. The ability to get outsized redemptions is 80% of the fun for me
Fair points. US Bank doesn't seem interested in competing. It wouldn't be too hard to revamp this program to be amazing... Cap One is doing what USB should be doing.
Was interested in getting the signature cash card just to pay utilities but unfortunately their list of approved utility companies is limited. I live in Georgia and none of the utilities on their list include the ones I use. This should be made clear to people, so they don't apply for this card thinking their utility companies are included.
I agree with you. Usually the issuer defaults to the line of "dependent on merchant code" which there isn't a good way for people to look up. Visa use to have a tool but have since removed it
What do you guys suggest if US bank approved only $500 credit limit even with 746 credit score and good income? @RJ Financial.
I'd say use the card for a few months then I wouldn't be surprised if they gave you more automatically. They did this with my Triple Cash card. It was $3k to start which is low for a biz card. Then randomly jumped to $14k. I believe this is issuers way of testing out new customers. Managing risk with CL. Which I know sounds silly as you have a solid score.
Also depends on what card this is for you. If you have many cards already then this may not be a big deal. If you need to max out the full $2k/quarter on the cash + for example then I can see it being an issue.
Anyone get a credit limit increase with US Bank? Is it a hard pull? Do they give automatic increases?
They gave me a random increase on my Triple Cash card. I didn't ask for it so they couldn't pull credit without permission. Easiest way if you want one would be to have the card for maybe a year then phone in. They have to get your consent to pull credit so you'll know if they will or not
I read online that US Bank has an unwritten rule where their computer systems will automatically reject someone who has opened more than two credit cards in the last twelve months.
Entirely possibile. I've seen similar posts but never a solid number like the Chase 5/24. Best moves are to go in branch if you can or do a little gardening before applying.
@@RJFinancial I read that US Bank and Bank of America compete with each other, so it would be similar to Bank of America's 3/12 rule.
What are my odds of getting approved for a US Bank credit card? I got 1 credit card in last 12 months, and bought a house. Was also denied a Chase business card within the last 12 months, so each credit bureau has 2 hard pulls in last year. In 720's all 3 fico 8 scores. I opened a US Bank savings account about a month ago. Made 6 figure salary so far this year.
You should have good odds since you already have a bank account with them, and you only have opened one new new card in the last 12 months.
You speak very quickly 😢
Lol, what can I help clarify?