Recently, I applied for the US Bank Cash+ Secured Card on March 22, 2024. After submitting my application, I received the standard 7-10 days notice, indicating that they were reviewing my application.
On Thursday, March 4th, I received a text message instructing me to call customer service. They needed additional information to confirm my identity. Curious about the need for further identification, I explained to the representative that I already had a business checking account with monthly deposits of $10,000. However, the representative asked me which state I applied from. At the time, I was in Florida, and I had submitted the application online while physically located in Florida. Interestingly, I had initially opened my business checking account at a downtown Chicago branch, where there are numerous US Bank locations. Unfortunately, Florida, specifically Orlando, lacks any US Bank branches. It appears that this discrepancy might be the reason why my application wasn't automatically approved.
The representative attempted to approve my application without requiring additional documents, but unfortunately, it didn't succeed. Consequently, I was asked to fax several documents to confirm my identity. These documents included two years of tax returns, two months of bank statements, my SSN card, and my ID. It did seem like a substantial amount of paperwork just for identity confirmation, but I complied and faxed the requested materials. Interestingly, the department only accepts faxes and not emails.
To ensure everything went smoothly, I called the next day to confirm that they had received my documents. The representative advised me to call back on Tuesday, indicating that my application should be approved by then.
Now, I'm eagerly waiting to see if my application gets approved. My advice to others considering this card is to apply either in-branch or online in a state that has US Bank branches. It seems that the branch location can play a significant role in the approval process.
Personal Cards
C1 Quickslilver One $500 | C1 Savor One $2,000 | Discover IT Secured $200 | Amex Optima $500 | U.S. Bank Cash+ Secured $1,000 | C1 Venture X $30,000 (AU)
BOA Cards with Preferred Rewards Platinum (50% boost)
Travel Rewards $18,000 (AU) | Bank Americard $2,100 (AU) | Customized Cash Rewards $22,000 (AU) | Premium Rewards $19,400 (AU)
Business Cards
Nav Prime $11,000 | Amex Blue Business Plus $12,800(AU)
