Hello, Upon the advise of Glitch99 and the fabulous AOR, I also send an email request to US Bank regarding the Baylor card I recently got. It was a 3% uncapped fee structure when I applied, but I sent an email stating that when I was originally looking to apply for this card it had a No Fee offer. They sent an email the next day with a promotional code (the same one that Glitch99 received, so yes it is generic). It seems to me that perhaps even an older card can take advantage of this promotional 0%/12months because the BT is done online following the below instructions. Good luck!
Here is the email I received:
Thank you for contacting U.S. Bancorp Service Center, Inc. via our website. We appreciate your interest in requesting a Balance Transfer. To receive 0% for 12 months with no fee, please use promotional code 45248.
You have two options on the website to find the request form for a balance transfer:
From the “Customer Service” Link at the top of the usbank.com homepage:
1. Scroll down to “Credit Card and Premier Line Account Options.” 2. Click on “Manage Your Credit Card or Premier Line Account.” 3. Choose the appropriate drop-down box for your credit card product (i.e., U.S. Bank, Gymboree Visa, Harley-Davidson Visa, REI Visa, SKYPASS Visa, or WorldPerks Visa). 4. Select Balance Transfer. 5. Click Next.
OR…
When logged into Internet Banking:
1. Click on the “Customer Service Center” link in the left navigation bar. 2. Scroll down to “Credit Card and Premier Line Account Options.” 3. Click on “Manage Your Credit Card or Premier Line Account.” 4. Choose the appropriate drop-down box for your credit card product (i.e., U.S. Bank, Gymboree Visa, Harley-Davidson Visa, REI Visa, SKYPASS Visa, or WorldPerks Visa). 5. Select Balance Transfer 6. Click Next.
To avoid any unnecessary late fees, please be sure to continue to make your regular minimum payment to your other account until you see that the balance transfer has been processed. Please contact us again if we can be of further assistance.
You are a valued cardmember and we appreciate the opportunity to be of assistance.
To enter a coupon code in your post please enter the following info:
Coupon Code:
Coupon Offer:
Merchant:
Expires (optional):
Restrictions (optional):
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Confirmed, this is the promo code I received as well.
Not sure if a CSR has to manually associate the code to your account first, or if it is automatically available to all accounts in general. But its worth someone giving it a shot without requesting it first.
FYI, I applied for the US Bank card via the Valpak offer (pdf here) over a month after the expiration (9/31). When I was accepted and called about the balance transfer, I was told the no-fee offer still applied, no code needed. So it seems they are negotiable on the fee.
Edit: Oh, and I took the BT and was not charged a fee.
lhendricks92 said:Squeezer99 said:US Bank will only BT to another CC tho, so you will have to launder thru a citi card to get the $
i've been able to get US Bank/Elan to mail "BTs" to my savings account at USAA on 4 different cards. YMMV.Mine went to a HELOC without issue. Took the payee name, address, and account number on the online request form.
Just because they wont ACH the money directly to your own checking account doesnt mean the transfer has to go to a credit card. They'll send a check to anyone you have a 'balance' with.
Glitch99 said:Mine went to a HELOC without issue. Took the payee name, address, and account number on the online request form. Did you use a debit card account # or just the loan #? Did they mail a check or use ACH? How long did it take? Thanks!
I just called USbank and got nowhere on a year old unused NW card. She "couldn't find that code on my account" so maybe it is somewhat targeted. Or my CSR was wrong.
Rorer714 said:Glitch99 said:Mine went to a HELOC without issue. Took the payee name, address, and account number on the online request form. Did you use a debit card account # or just the loan #? Did they mail a check or use ACH? How long did it take? Thanks!Just the loan number and payment address info, no debit card. I have no idea if they sent a check or not, but it took a couple days for it to post to the credit card, then another week for it to post to the HELOC.
Glitch99 said:Rorer714 said:Glitch99 said:Mine went to a HELOC without issue. Took the payee name, address, and account number on the online request form. Did you use a debit card account # or just the loan #? Did they mail a check or use ACH? How long did it take? Thanks!Just the loan number and payment address info, no debit card. I have no idea if they sent a check or not, but it took a couple days for it to post to the credit card, then another week for it to post to the HELOC. From the time frame it seems they mailed it. Thanks!
A warning about US Bank for new account applicants: The have fairly strict underwriting policies. I'm 4 months into an AOR, and received a "pre-qualifed offer" in the mail for a 0% 12-month BT with no fees. "Your excellent credit history pre-qualifies you for the US Bank Visa Platinum Card." Although I knew a pre-qualification doesn't guarantee acceptance, I figured unless there was some significant change in my credit situation since they sent the offer, my application had a chance of being accepted.
As you might guess, I was rejected due to too many recent inquiries and too many recently opened accounts. So I guess my "excellent credit history" didn't take these two factors into account. As a data point, my inquiries were: TransUnion: 8, Experian: 10, Equifax: 12. All but one Experian and one TransUnion occurred in the last 6 months.
I had 18 recently opened credit card accounts, but 4 of those were business cards and don't show on my consumer credit report. So make that 14 for US Bank purposes, hardly a huge AOR. And I refinanced my mortgage. That went through from PenFed with no problems, despite a similar number of inquiries and recently opened accounts, and of course the resulting BT debt.
My FAKO scores from Privacy Matters 123 (yes, I know they can be quite different from actual FICO scores) were approximately: TransUnion: 702, Experian: 679, and Equifax: 789.
So, if your situation is similar to mine, I recommend you think carefully before accepting their "pre-qualified" offer. (Yep, one more Equifax inquiry to shed.)
Edited to clarify that my post only applies for new account applicants.
glxpass said:I had 18 recently opened credit card accounts, but 4 of those were business cards and don't show on my consumer credit report. So make that 14 for US Bank purposes, hardly a huge AOR. I know 14 by FW’s standards is not much but to a card issuer that has to raise a red flag.
Rorer714 said:glxpass said:I had 18 recently opened credit card accounts, but 4 of those were business cards and don't show on my consumer credit report. So make that 14 for US Bank purposes, hardly a huge AOR. I know 14 by FW’s standards is not much but to a card issuer that has to raise a red flag. More of a red flag to some issuers than others. I also received a Chase Professional (business card) offer, applied for that at the same time as US Bank, was accepted and received a 20K CL. I already had 1 Chase business card, and 2 Chase personal cards. The business card had a high-utilization BT on it, one of the personal cards has a zero balance, and the other has about 50% utilization for a BT. I'm sure Chase "saw" more of my credit history than US Bank did because of the business card.
I have no cards with US Bank. That's why I say they have fairly strict underwriting policies. In the meantime, I'm trying to resist applying for more cards until my AOR has run its course, especially after the US Bank experience.
devildoc said:I just called USbank and got nowhere on a year old unused NW card. She "couldn't find that code on my account" so maybe it is somewhat targeted. Or my CSR was wrong.
I had a feeling this was the case.
OP (and Glitch99), did you use the code on the Valpak offer or the Baylor card or something else?
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