OUCH: I Got Denied for the U.S. Bank Altitude Connect (Why?!)

Рет қаралды 22,621

Күн бұрын

I applied for the U.S. Bank Altitude Connect card and got DENIED! Learn why and how I potentially could have avoided this. (PLUS: details about my credit score!) Click “Show More” to see Ad Disclosure.
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You may have seen my video from 1-2 weeks ago about applying for TWO credit cards at the same time (that is, two in the same day). One of those credit cards was the U.S Bank Altitude Connect Visa Signature. I wanted it for the welcome offer to earn 50,000 points after spending $2K in the first 120 days. That signup bonus is worth $500 towards travel or cash back, and the $95 annual fee is waived in Year 1. It's also got a great 'general purpose' rewards category of 4X points for travel (and 4X on gas).
Unfortunately, U.S. Bank denied my application.
The reason…
“Maximum amount of unsecured credit already available.”
In other words, I already have the maximum amount of credit that U.S. Bank is willing to lend me at this time. This was likely due to my overall profile, including credit score, income level, debts owed, and more. There wasn’t a way for me to know this prior to applying. Normally, this wouldn’t be much of an issue if I could use some existing credit from one of my other U.S. Bank cards to open this new one. But, U.S. Bank does not allow this in my experience. When I called the U.S. Bank reconsideration line to ask about this, I was simply told “no.”
So…I got stuck and had to accept the decision for now!
Regarding my relationship with U.S. Bank, it was as follows…
- 1 personal checking account, 1 personal savings account, 1 business checking account, 2 personal credit cards, 1 business credit card.
That said, I also learned the U.S. Bank pulled Experian and used the FICO 9 Score model (my score was 779 as of 5.11.2023).
📞 U.S. Bank Reconsideration Line: www.usbank.com/customer-servi...
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcardapply #creditcards #creditcard

Пікірлер: 237

@MarkReese Жыл бұрын

💳👉 VIEW CREDIT CARD OFFERS! markscreditcards.com/offers 🛍 RAKUTEN - Earn Cash Back! markscreditcards.com/rakuten 🏦 SOFI CHECKING & SAVINGS - Get $25 FREE (or more w/ direct deposit) markscreditcards.com/sofibanking

@dogbluemexican Жыл бұрын

Do I need to open a bank account with u.s bank to have a chance of getting approved for this card

@MarkReese Жыл бұрын

@@dogbluemexican - No, a banking relationship is not required. However, it may help.

@brucelaw8574 4 ай бұрын

Mark Did they pull Experian for your business card as well ?

@MarkReese 4 ай бұрын

@@brucelaw8574 - Yes. Watch this video starting at 13 min 17 sec: kzfaq.info/get/bejne/hOCbra99ltnTqY0.htmlsi=dZSSTH9_9s2cUKY-&t=797

@Pianoman999 Жыл бұрын

Maybe they looked at 40+ credit accounts and determined that maybe…just maybe… he has…enough. 🤷‍♂️😵‍💫

@nubianpwr Жыл бұрын

Lol😃

@MarkReese Жыл бұрын

😬

@keilrafdahl Жыл бұрын

As long as you manage it well, it doesn't really matter.

@shaunralston Жыл бұрын

I appreciate your approval and denial videos. It really helps the rest of us who've dealt with both. Many thanks, Mark, love your channel.

@MarkReese Жыл бұрын

Glad to hear it, Shaun!

@SpencerJohnsonOfficial Жыл бұрын

This is why I don't mess with U.S. Bank yet lol. They're way too strict in my opinion. I'm sorry to hear about the denial but there will be many more better cards to come!

@ImStillStealingSteel Жыл бұрын

I love that the keyword u put was “yet”. 😅

@ayamaikarim Жыл бұрын

I do not know any one who can match Mark with the number of credit cards he has even though he closes many at the same time.

@SpencerJohnsonOfficial Жыл бұрын

@@ImStillStealingSteel Haha true!

@SpencerJohnsonOfficial Жыл бұрын

@Shawn Agreed!!

@MarkReese Жыл бұрын

Yet...so a U.S. Bank card may be in the future of Spencer Johnson 🏆

@parsley0120 Жыл бұрын

I’ve worked for US Bank in the past and can tell you I’ve never seen them transfer available credit on one card to another. This has always been a hard no, and looks like it still stands that way. I left working there about 4 years ago now. I worked there about 7.5 years.

@MarkReese Жыл бұрын

Thanks for the insight, DanScoob! 🏆

@newagain9964 5 ай бұрын

hmm would it possible to request USbank to lower ur credit limit on a pre-existing card(s) b4 applying for a new card? so that way their risk is lowered in advanced (and in theory ur below their max credit amt).

@ludel Жыл бұрын

That is what a hard denial looks like. love it. you are so witty

@MarkReese Жыл бұрын

😁

@anandr1385 9 ай бұрын

One of the most informative content creator in the credit card community. Great video!

@MarkReese 9 ай бұрын

Thank you!

@aliabia 4 ай бұрын

Super insightful. Thanks for sharing

@MarkReese 4 ай бұрын

You're welcome!

@CitizenZero1 Жыл бұрын

Thanks for having the courage to post this- especially the actual moment! it happens to all of us, but not everyone is willing to admit it, much less publicly.

@MarkReese Жыл бұрын

You bet!

@billywatts889 Жыл бұрын

Great Video Mark as always👍👍👍👍

@MarkReese Жыл бұрын

Thanks!

@TheCreditFrog Жыл бұрын

I like how the CS agent made the most emphatic "No". Like transferring credit from one card to another is not something that people do ALL THE TIME! This is why banks with great credit card products can't ever compete in the big league because of stupid nonsense like this 🤣. Thanks for the 🔥US Bank tips Mark!

@MarkReese Жыл бұрын

And perhaps those banks don't want the (drama?) that comes with being in the big leagues 😆 Easy for us though...just take our business elsewhere!

@98gmill Жыл бұрын

Love the Vid👍🏾

@MarkReese Жыл бұрын

Thanks Glenn!

@B1970T Жыл бұрын

Awesome vid!

@MarkReese Жыл бұрын

Thanks!

@OfficialChadsMoneyMinutes Жыл бұрын

sorry about the bad news but hey those are the breaks I'm sure you'll get something great in the future!

@MarkReese Жыл бұрын

You bet! Fortunately, the U.S. credit card market has thousands of others to choose from 😂

@TheAMEXBoss Жыл бұрын

Sucks you got denied but you know what this just means that spot can go to a better card that may come along!

@MarkReese Жыл бұрын

Indeed!

@johnmckinstry6057 Жыл бұрын

This is why I only have one card with U.S. Bank, the Cash+. Once I get the cards that I want through other issuers, maybe I will get another card through US Bank. I kind of have my eye on the new Shoppers Rewards card and the Altitude Reserve, but I can’t justify the annual fees at this time so it kind of works out for me. If I do get another card through them, I may have to lower my credit limit on my Cash+ card because it is rather high.

@MarkReese Жыл бұрын

Smart move to pass on the cards if the annual fees don't make sense 👍

@kinart2543 7 күн бұрын

Citi ALSO does not allow moving available credit. Chase is very agreeable to moving credit lines.

@Thecreditcardconnection Жыл бұрын

Thank you for sharing this with us. I got denied today for the first time because I had too many recent cards opened. I followed all of the protocols for reconsideration etc and no luck. I was pissed because a Chase rep said that I was targeted for the card offer and then after a hard inquiry I was denied. I complained to a supervisor who said she would look into it. Not holding my breath. However I should have known better because I have opened 4 business cards and 5 personal cards since December 2022. Keep up the great work! Thanks again!

@MarkReese Жыл бұрын

Definitely frustrating. Remember that being targeted for an offer doesn't mean you'll be approved (also doesn't necessarily mean your approval chances are higher than typical).

@rjw261984 Жыл бұрын

"No, Jeff". Damn that hurts.

@MarkReese Жыл бұрын

On to the next 😂

@newagain9964 5 ай бұрын

bruh. u cant take this stuff personal....unless u been banking at same credit union for YEARS and apply for a loan and they deny you.

@Ok21111 Жыл бұрын

Ouch I feel you Jeff the “decline” letter is always painful for me better luck next time you should do the unboxing for the Wells Fargo Choice card we would like to see that

@MarkReese Жыл бұрын

Onto the next! No unboxing video for the Choice Select ✌

@Ok21111 Жыл бұрын

@@MarkReese yep and I just got approved for the Citi Premier Card today all thanks to your lessons Jeff thanks🙏

@MarkReese Жыл бұрын

@@Ok21111 - Heck yeah, congrats! 💥

@edwardschneider6396 Жыл бұрын

Banks are more restictive on credit card approvals because the economy is slowing and credit card defaults have incresed since March 2023.

@MarkReese Жыл бұрын

Could be a part of the reason!

@ChristopherczarSmith Жыл бұрын

Hey Mark, I think this card deserves a refreshed review now that it has a little bit of priority pass, travel protection, and smart delay added

@MarkReese Жыл бұрын

Yep definitely good updates. For now I have a pinned comment on my old review video about the changes 👍

@Rolo555 Жыл бұрын

I recently paid off my vehicle and the following month both Transunion and Equifax scores both dropped 8 points.

@Theturbobooster Жыл бұрын

@MarkReese Жыл бұрын

Yep makes sense 🤙

@lewis20002000 Жыл бұрын

US Bank and Barclay require velocity on their cards. I mean like before I apply to either, I make sure I am using their cards almost ever day for at least one FULL billing cycle/ 40 days. I do this while keeping an eye on the when the bonus is expiring.

@MarkReese Жыл бұрын

Good point, esp. with Barclays. Not sure how important that is for U.S. Bank, but regardless, I've been using my existing Altitude Reserve regularly.

@j.r.1426 Жыл бұрын

Good video like details on other cards than chase & Amex those cards are to easy to get so I stroll pass those videos

@MarkReese Жыл бұрын

Glad you found value in this one 💯

@jt2428 Жыл бұрын

You’ve perfect credit they should cater to people like you 🎉🎉🎉

@MarkReese Жыл бұрын

Credit decisions go well beyond a good score.

@footwearXP Жыл бұрын

I managed to get the altitude go and I’m happy I got it lol every other USB card is nice but I don’t want to risk another pull

@MarkReese Жыл бұрын

Great card, congrats on the approval!

@MillisConstruction Жыл бұрын

I think my response would’ve just been, “perfect, then let’s cancel all my accounts with you and end our relationship”. US Bank has annoyed me multiple times in the past even rejecting I think a checking account application lol. Annoying bank for sure

@MarkReese Жыл бұрын

Haha nah. Since I like my Altitude Reserve card, that would just be an emotional decision resulting in self punishment 🤙

@crxracer805 Жыл бұрын

Annoyed you multiple times and yet you keep coming back for more 😅

@MillisConstruction Жыл бұрын

@@crxracer805 no I cancelled all my accounts with them, if they don’t want my business then so be it. Chase and Amex do

@crxracer805 Жыл бұрын

@@MillisConstruction Cool

@TaranEckel Жыл бұрын

I’ve never had any prior relationship with US Bank, but I’ve opened 2 new credit cards in The last 5 months (Total 6 in last 2 years) I just applied for the connect and got approved for 2k Even though the limit is low I’m excited to have it especially because I know US Bank is picky about not having any type of other products besides their credit cards

@MarkReese Жыл бұрын

That's awesome, congrats!

@wanderingdoc5075 Жыл бұрын

Funny datapoint, I got approved for the u.s. bank altitude reserve and triple cash on the same day, each with a 15K credit limit. Since I haven't used the triple cash hardly at all after the bonus, my credit limit was changed from 15K to $500 I just noticed.

@MarkReese Жыл бұрын

Interesting, thanks for sharing this! I too got an automatic decrease from Capital One.

@jt2428 Жыл бұрын

Wow they can decrease your credit line just for not using it sheesh! :( I would be so mad

@butterfly-pf8lj Жыл бұрын

@@MarkReese Hey mark do a video on why capital one are decreasing peoples credit limit. They are doing it too a lot of customers

@MarkReese Жыл бұрын

@@butterfly-pf8lj - No plans for a video on that topic. It's not just Capital One and has been a common practice in the industry for years.

@sterlingjones4108 Жыл бұрын

Love the transparency! They are losing out on a lot of potential customers that’s for sure!

@MarkReese Жыл бұрын

Glad you enjoyed it!

@newagain9964 5 ай бұрын

US bank doesnt want to have a large cc portfolio tho. they want hard assets like houses and cars to be financed thru them

@Blue0476 Жыл бұрын

Hey Mark, Do you know one way you can actually get approved but takes time and does not have a signup bonus. Trust me when I say this...wink. You can apply for secured card and do a product change upon graduation. US Bank is one of those issuers that is extremely lenient on secured cards compared to their unsecured ones and it is a powerful backdoor way to get a card by US bank even if you have a long credit history and high 700s account. The secured card is meant to for people building credit or recovering credit, but for people with excellent credit, this strategy is a powerful backdoor.

@MarkReese Жыл бұрын

Great point about using the secured card route, Gurnaj!

@aaront936 Жыл бұрын

Better luck next time mark

@MarkReese Жыл бұрын

Thanks Aaron!

@kevinManhattan Жыл бұрын

Ahhh Sorry this happened to you Mark. It sucks. Last week, I got denied C1 VX. It was first time being denied since I started my credit card journey about 4 years ago. I knew at some point it will happen but man, it was a bummer. Especially with C1, with a lot of data points out there with strong credit scores getting denied. But still. I'm still sad about it. Credit scores about 790 in all 3, 2 car loans, 15% credit card debt, 15 total credit cards and 5 new cards since Jan 1, 2022. But I feel better slightly that knowing even someone like you sometimes get denied who knows these credit card rules much better than I do. Thanks for this honest video. I love and (sometimes hate...well not really lol) these credit card games! LOL

@MarkReese Жыл бұрын

Welcome to the game, it happens to us all! 😬

@khanscombe619 Жыл бұрын

@ 0:53 Liked "Let's get things started"

@MarkReese Жыл бұрын

💯

@PatrickDKing Жыл бұрын

Some of these banks are annoying to deal with. I got denied a citi card last week basically because I had too low of balances or zero balances on too many credit cards. Well no shit, I made sure they were paid off to get a points boost before applying for the card lol. So basically I have "too much" credit in general even though not with Citi. That's ok though, I got approved for three other cards on my list that same day woot woot!

@MarkReese Жыл бұрын

The rules in this game are crazy. Congrats on the other approvals!

@casioplayer5815 Ай бұрын

Hi Mark! They sent me a rejection letter, but turned around and approved me for a US Platinum Credit Card. I received this card a week later.

@MarkReese Ай бұрын

Congrats on getting the denial turned into an approval! Enjoy the new card 💯

@keilrafdahl Жыл бұрын

I died when she said 'no jeff.' LOL so lammeee

@MarkReese Жыл бұрын

😂

@JacobsPointsAndProfit Жыл бұрын

That was a pretty strong no from the reconsideration line lol

@MarkReese Жыл бұрын

😬

@meds-7923 Жыл бұрын

I got denied for the AR earlier this month, I was bummed. My reason for denial was too many inquiries. I had 11

@smithjb26 Жыл бұрын

If I recall, they really prefer a minimal amount of inquiries, like max 2. I waited and waited and applied when I got within their limits. Got approved for my AR several months ago. Also may help to open another account, like a checking account with them, to develop a relationship, which is something else I heard of and also did.

@MarkReese Жыл бұрын

Bummer, but with a high inquiry account, it doesn't surprise me ✌️ At least you know what to improve for the next time you decide to go for a U.S. Bank card.

@caribdude8151 Жыл бұрын

Wow! The G.O.A.T. has been rejected! I guess you're human after all! Btw Happy 5/24 Day (May 24) Mark! Also if you had been approved for this card I was considering asking you if you were going to get the business version of this card but I guess since you've been denied for the personal version there's no reason to apply for the business version.

@MarkReese Жыл бұрын

I definitely don't have a 100% approval rate 😂🤙 Happy 5/24 right back at ya! I was actually considering the biz version prior to applying for the personal version...and now I'm considering it again as a revenge application.

@callmeNeno Жыл бұрын

I have been laying low and gardening ~~ 3/24 and staying strong ~~

@MarkReese Жыл бұрын

Impressive 🏆

@callmeNeno Жыл бұрын

@@MarkReese muchas gracias

@kevinManhattan Жыл бұрын

Stay strong brother. I need to do the same and stop watching youtube videos. Everytime I watch youtubers talking about the new welcome bonuses, I just want to apply them all! Hence 7/24. Ugh!

@callmeNeno Жыл бұрын

@@kevinManhattan yeah i feel awesome right now being disciplined and command of my own domain. 🙏 thanks

@MannyCovington Жыл бұрын

Hey, they’re just missing out on a great customer 😤

@MarkReese Жыл бұрын

😁

@TheAudioCzar Жыл бұрын

US Bank gave me $20,000 on my cash plus, definitely didn't need that for card. I'm just going to pay bills with. That's probably screwed me from getting the reserve now

@chags3512 Жыл бұрын

Do you have other accounts with them to get that?!

@TheAudioCzar Жыл бұрын

@@chags3512 I have a checking account and the altitude connect

@chags3512 Жыл бұрын

@@TheAudioCzar gotcha. How long did you have your account before applying?

@MarkReese Жыл бұрын

Maybe, maybe not. Could be worthwhile to request a credit line decrease.

@joeyleerobbins Жыл бұрын

I have had two rejections this year….Chase Ink due to 5/24 and the Wyndham Earner Business recon line said because it was only a month after two other Barclays cards…..then applied for Amex Gold and got approved as well as the Bilt card same day so I don’t feel so bad 😂

@MarkReese Жыл бұрын

Haha nothing like getting 2 approvals after 2 denials, congrats! 💥

@joeyleerobbins Жыл бұрын

@@MarkReese Yes sir! Thank you!

@qn5947 Жыл бұрын

First Proudmoney got rejected, now Mark. US Bank has been watching YT cc videos and the jig is up on these cc KZfaqrs. Who is next to fall?

@MarkReese Жыл бұрын

😬

@yurig2530 Жыл бұрын

I had this with US Bank, they allowed me to move a credit from Radisson Business card to Radisson personal card.

@MarkReese Жыл бұрын

Thanks for the data point, Yuri! Was that credit line reallocation in order to open a new Radisson card?

@yurig2530 Жыл бұрын

@@MarkReese Yes, it was.

@LouThaEnergy 9 ай бұрын

I just got approved for this card with a $500 limit. I was stunned 😂

@MarkReese 9 ай бұрын

Haha congrats! 🏆

@LouThaEnergy 9 ай бұрын

@@MarkReese Thanks! Now I’m out of the game again.

@featherpony Жыл бұрын

US Bank refused to move credit from one of my cards to another existing card.

@MarkReese Жыл бұрын

Thanks for the data point 💯

@fogrunr5075 6 ай бұрын

I did not apply for a Barclays Wyndham card because of their 12 month rule. Instead I got the new Wells Fargo Choice Privileges Select MC. Groceries, gas, home improvement... nice categories.

@MarkReese 6 ай бұрын

What 12-month rule?

@fogrunr5075 6 ай бұрын

@@MarkReese They prefer you have no other new cards in the 12 months before you apply.

@MarkReese 6 ай бұрын

@@fogrunr5075 - I've not heard that...and I've also gotten approved without being 0/12.

@chrisbrown8748 Жыл бұрын

11:09 🤣🤣🤣. I already knew that was going to be on there by just reading the title of this video. This is why their should be a section on the application titled “check yes or no if your a super awesome KZfaq content creator who’s amazing at managing credit cards and will promote our credit card products on your channel?”

@MarkReese Жыл бұрын

Hahaha indeed! 😂

@nubianpwr Жыл бұрын

Very instructive with regards to US Bank🤔👍🏾

@MarkReese Жыл бұрын

💯👍

@featherpony Жыл бұрын

You getting the US Bank Triple Cash under your social security number has nothing to do with Sole proprietorship. You got it under your social security number because you didn't file for a free EIN online. I'm a Sole proprietorship and I got my US Bank Triple Cash under my EIN. So you shouldn't equate SSN with Sole proprietorship. Get that connection unlinked in your head. They are two separate, unrelated things. That's like saying you drove you car today because you had on green socks.

@MarkReese Жыл бұрын

Good point, I wasn't clear. In my head I wanted to say that the credit line was associated w/ me as an individual, so perhaps it was included into the count of how much credit I have w/ U.S. Bank.

@larryivey8118 Жыл бұрын

US Bank won't allow you to reallocate credit like Chase and Amex will US Bank is definitely a goofy bank to get approved with

@MarkReese Жыл бұрын

It's time for them to start allowing that 😁

@357twilson Жыл бұрын

I have the U.S Bank Altitude Go card. I got it almost 2 months ago. It’s a small limit of $500. I have put serious spending on the card and have already reached the $1,000 spend reward bonus in 90 days . It took me last than a month to reach that goal. I would like a bigger credit line. When should I apply for a credit line increase???

@MarkReese Жыл бұрын

Sounds like you can request a credit-line increase whenever you like! I personally like to wait ~ 6+ months. That said, be sure to ask if a hard pull will be performed. If yes, then you'll have to decide whether it's worth moving forward or simply applying for 2nd U.S. Bank card w/ a welcome offer.

@FinanceNation Жыл бұрын

Chase at one point said Inhad maximum available credit...so I suggested what you did...they said no. I said I don't understand if I have maximum available credit wouldn't that be it...then they explained 5.24 so US Bank could be something like that. You know more to it

@MarkReese Жыл бұрын

Were you actually above 5/24?

@FinanceNation Жыл бұрын

@@MarkReese I didn't calculate it. I was newer to the credit card game and just chose to garden

@brad159us6 Жыл бұрын

I have been denied by US Bank 3x in my life. For some reason, they will just never approve me. Meanwhile, I have cards with Amex, Citi, Chase, Discover, Wells Fargo, CapitalOne and many others. I don’t get it? Haha 🤷🏻‍♂️

@MarkReese Жыл бұрын

Crazy!

@911eVoX Жыл бұрын

Damn, that was a hard ass rep. You should always hang up and call again for a dude. The guys are easier to convince in my experience, but there are mostly women working those phone calls

@MarkReese Жыл бұрын

Haha I just decided to move on, mainly because I've never heard of U.S. Bank allowing credit line reallocations to open new accounts.

@ayman.ibrahim Жыл бұрын

Hey Jeff, thnx for that video, would it work if you'd cancel one of your current cards to get approved of the new card?

@MarkReese Жыл бұрын

Potentially, but there's not a guarantee of that. I didn't want to cancel a card & lose that credit line and then also get denied for a new card.

@warrenescalona3033 Жыл бұрын

I was denied 1 year ago. But I don’t have credits card with them

@MarkReese Жыл бұрын

Denials are a part of the game 😬

@kcihtred2 Жыл бұрын

curious what your total credit to income is. I am about 60% line to income including elan. remove elan about 40% and still get approved. They can see my elan cards on recon.

@MarkReese Жыл бұрын

I haven't calculated that. I'm also not sure if banks look at that metric across against only the credit they've given you, or against total credit from all issuers, or both.

@kcihtred2 Жыл бұрын

@@MarkReese I have run total limit when lol/24. Canceling 20+ cards across many issuers in a day was interesting.

@rambosidi7634 Жыл бұрын

Yep

@MarkReese Жыл бұрын

🤙

@SOXGATORS Жыл бұрын

👍🏻

@MarkReese Жыл бұрын

👍

@geniuzg Ай бұрын

I applied yesterday but didn’t get an answer only we’ll send you a letter with the results…. Is that a No? They pulled from transunion and my credit good.

@MarkReese Ай бұрын

It means more time is needed to make a decision by an underwriter. It could go either way. Good luck!

@ow5966 Жыл бұрын

All these banks are getting strict

@MarkReese Жыл бұрын

😬

@peterg6638 Жыл бұрын

Is you overall credit age above 5 years? They can deny based on any of those factors you got on the letter.

@MarkReese Жыл бұрын

See 11:16 in the video.

@zenster1097 Жыл бұрын

Why not close accounts since they stay on for 7 and 10 years. Free up some so you're less likely to be rejected?

@MarkReese Жыл бұрын

Because I either still... - Value the rewards - Value the benefits - Value the hands-on experience with the card products & their portals to better answer people's questions & create educational videos. That said, there are some cards I may cancel, but I don't see that changing the outcome for an application with U.S. Bank.

@ceoharv 6 ай бұрын

in new york they pull experian

@MarkReese 6 ай бұрын

In all cities?

@KingGreen78 Жыл бұрын

Couldn't you just product change from one of the other 2 personal cards you got with them ,or the other 2 are better than this one

@MarkReese Жыл бұрын

I may have been able to product change my Altitude Reserve to the Altitude Connect. But I have no interest in doing that. Reasons = (a) no signup bonus and (b) I value the Altitude Reserve a lot more.

@Bertoquest Жыл бұрын

Wow you paid all your accounts in full 😢 and got denied if it was me I would have said uhh remember my name it will be the last time closed all of my us bank accounts now😅

@MarkReese Жыл бұрын

😂👍

@djpuplex Жыл бұрын

US bank is surprisingly fickle.

@MarkReese Жыл бұрын

😬

@chrisbrown8748 Жыл бұрын

You already have the two US Bank cards I want (Reserve/Cash+)so I’m kinda glad they denied you because now your just getting greedy🤣🤣🤣.

@MarkReese Жыл бұрын

😂👊

@butterfly-pf8lj Жыл бұрын

I love your back ground. Do you really live by the ocean? or is it a picture. If so I like to buy one

@MarkReese Жыл бұрын

Just a picture. I don't recall from which company I bought it; but "Ikonick" is one of the ones I've used before.

@newbeginnings9457 2 ай бұрын

I don’t get denied by Women or Banks!

@MarkReese 2 ай бұрын

😎💯

@terrylee9766 6 ай бұрын

Really no point in having so much credit and not using it to make more money

@MarkReese 6 ай бұрын

That tends to be viable when you have 0% APR offers.

@lmajc494 Жыл бұрын

I hate this process. I've never been denied for a credit card until I started applying for points rewards cards. My credit score on all 3 bureaus is over 800. I have zero debt. I have substantial net worth. And yet I still get denied. So I started applying for business cards, I got the chase business ink. No ding on my credit score.

@MarkReese Жыл бұрын

There are definitely a lot of rules in this game 😂 Congrats on the Chase Ink approval!

@Brittany77760 Жыл бұрын

My jaw dropped when i read the title, i was like whattttt?? That’s crazy

@MarkReese Жыл бұрын

😬

@theinternationalist1357 Жыл бұрын

I apply for the SavorOne card got denied, call recon still rejected :( So, my next target is US Bank Reserve card, this will be in 4th quarter of this year.... currently building up a reserve with them to help with the odds of getting the card. Sometimes it is a tough game to play so now until the 4th quarter there will be no applying for "any kind" of credits. Inquiries suck.

@MarkReese Жыл бұрын

Good luck on the application!

@theinternationalist1357 Жыл бұрын

@@MarkReese I think banks are not lending like before, probably need to show real meat, meaning large amount of cash park at their banks from saving to cd to investment products.

@mitchell.9632 Жыл бұрын

Installment loans in almost all cases involve interest. Agree with you on the silliness (and I would say a racket). Anyone who knows you knows that your accounts would have a recent inquires would be a good amount. What are you on active cards now? 51, 52, 53?

@MarkReese Жыл бұрын

I haven’t counted lately, but somewhere in the low 50s 👍

@labounti Жыл бұрын

They are fans of your channel obviously.....

@MarkReese Жыл бұрын

😬

@user-wh1ti5cl2c Жыл бұрын

Don't feel too bad I recently got rejected by Chase. The number of recently opened accounts to my credit report was my downfall. They also said I had Limited installment loans. I don't have any house or car Payments. And to rub it in my face they said my credit score. Was 894? Thank you for the candid video

@MarkReese Жыл бұрын

Rejections are part of the game 😄

@louis2you Жыл бұрын

USBank is known for the 2/12 rule.

@911eVoX Жыл бұрын

There are tons of data points with conflicting information.. hard to tell what exactly they are looking for. Seemed like they denied Jeff for overall credit issued

@louis2you Жыл бұрын

@@911eVoX could be.

@MarkReese Жыл бұрын

I haven't seen enough data to support that. That also wasn't the reason for my denial.

@louis2you Жыл бұрын

Yes well , USBank will not say that denial is by 2/12 rule like Chase will not say 5/24. But being that you have a prior relationship with USBank I would not be able to pinpoint the reason apart from the letter that you received.

@KingGreen78 Жыл бұрын

Uhm, I'm not sure about that,i opened 5 cards in 5 months,and then opened the altitude go on the 6th month and the altitude reserve on the 7th month

@timcj1642 10 ай бұрын

My credit score is 830 out of 850, and my application just got denied lol I would love to hear an explanation from US Bank! Great video btw👍🏻

@MarkReese 10 ай бұрын

Ah that's frustrating 😬

@jt2428 Жыл бұрын

First 🎉

@MarkReese Жыл бұрын

Marquis won this time 😁

@zenster1097 Жыл бұрын

Do those loans for 4-5 month payments with 0% interest for items in online shopping carts count as a loan for the credit score?

@MarkReese Жыл бұрын

Per my understanding, the credit bureaus are collecting data for BNPL loans, but that data isn't yet factored into credit scores. Check out this article by BankRate: www.bankrate.com/finance/credit-cards/buy-now-pay-later-credit-score/

@khanscombe619 Жыл бұрын

What about interest free planned payments such as w/ Apple, Samsung or Amazon if pay over time? I assume the carried balance is used against you. I try to keep a 3% closing date balance but even Apple w/ $20K, 3% is barely $600.

@MarkReese Жыл бұрын

Financing purchases with credit cards will affect your utilization.

@docsays Жыл бұрын

Ya USbk is 1 tough cookie to crack. I’ve tried & denied. I can’t even open a deposit acct with them. I’ve heard you have to garden for a full year with Zero inquiries & no new accts & have a utilization below 5%.

@MarkReese Жыл бұрын

I can't substantiate that as I've gotten approvals for U.S. Bank cards with inquiries & new accounts showing within a 12-month period✌

@NiteshKumar-yn1yz 10 ай бұрын

While applying do they do soft pull or hard pull of credit score? I didn't see an option for pre-approval process? And whats the ideal credit score they look for like - 750+ ? mine is just 720 :-(

@MarkReese 10 ай бұрын

1. The application will be a hard pull. 2. No pre-approval process that I'm aware of. 3. Credit score requirements are not published.

@leprechaun4gold221 Жыл бұрын

Try as I may, and try as I might, US Bank denies me I'll show them some fight!

@MarkReese Жыл бұрын

😂👊

@jn2292 Жыл бұрын

They did you a favor. Dumpster Fire of a Bank.

@MarkReese Жыл бұрын

😂

@matthewJ142 Ай бұрын

Fuco 9 score 🤢

@MarkReese Ай бұрын

😬

@fogrunr5075 6 ай бұрын

Nooo😮😮😮 Boycott US Bank! 😂😂

@MarkReese 6 ай бұрын

Or...try again.

@Kunnigupta Жыл бұрын

Us bank allow merge point of reserve ultimate and other credit card like altitude connect card?

@MarkReese Жыл бұрын

It's my understanding that: - You can move points from the Altitude Go to the Altitude Connect (and vice versa). - You can move points from the Altitude Reserve to the Altitude Go and/or Altitude Connect. - You cannot move points from the Altitude Go or Altitude Connect to the Altitude Reserve (i.e. you cannot get the 1.5¢ per point value from the other 2 cards).

@featherpony Жыл бұрын

They're monitoring your call under the guise of quality assurance!

@MarkReese Жыл бұрын

😬

@RedRider1600 Жыл бұрын

You should include the projected income of your future wife.

@MarkReese Жыл бұрын

😂

@berryzedzero Жыл бұрын

Maybe it’s a sign. Time for you to leave the game.

@crxracer805 Жыл бұрын

Shots fired 😮

@williamlinden732 Жыл бұрын

Leave the game, NO! Leave US Bank, maybe!

@MarkReese Жыл бұрын

What if...I never started the game? And none of this actually happened? 😶

@berryzedzero Жыл бұрын

@@MarkReese bruh you're so deep in the game, you don't even know where you are or how you got there. I've been there before. What they don't tell you is you can leave at any time.