Approval Rules US Bank Lifetime
One Sentence Summary
You will not qualify for this one-time bonus if you have had this card before
Deep Dive into the US Bank Lifetime Rule
This rule says that you can’t get the bonus on these cards more than once. That means even if you cancel the card and wait several years, you do not qualify for the bonus again. Only two cards in the US Bank arsenal have this restrictive language in their terms and conditions. But it’s pretty clear in the footnotes of both affected cards.
Here is what it says in the signup bonus footnotes for the US Bank Cash + Visa Signature Card:
The US Bank Shopper Cash Rewards Visa Signature Card has similar language:
Important to know:
It does appear that these are not family restrictions, so you should be eligible for the signup bonus on both of the cards affected by this rule. US Bank is historically one of the strictest banks when it comes to credit card approvals, so it’s not surprising that they have this language in some of their card terms. Be aware that there is another rule - the US Bank 5 Years rule - this states you cannot receive a bonus if you've received one in the last five years.
Related Rules
How Does This Affect Your Credit Card Strategy?
Since this rule only impacts two cards, and those two cards are very far down the list of cards we recommend, it shouldn’t affect your card strategy at all. We honestly can’t see a situation where someone in the credit card points and miles game would want to waste a 5/24 spot on either card, making the rule more or less irrelevant.
Importance of this Rule
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Since we don’t ever recommend ever getting either of these two cards, this is one of the least important credit card rules you will encounter.
Cards Subject to This Rule
FAQs
Are there exceptions to this rule?
Any US Bank card that isn’t one of the two listed for this rule does not have the same restrictive language in its terms.
How do I check my status?
You shouldn’t need to check your status regarding this rule, but if you load your cards into the Points Navigator, we’ll keep track of all the rules that impact all your cards.
Do business cards count for this rule?
They do not. Only two cards count for this rule, and neither are business cards.
Do product changes on existing cards count for this rule?
Yes, if you downgrade to one of these two cards, that would count as having had one of the cards, so you would be ineligible for a signup bonus down the road.
About Approval Rules
Collecting credit card points is largely driven by understanding and abiding by bank rules regarding approval (or disapproval) of cards. So here's what you need to know:
- Approval rules are rarely fully publicized by the banks
- We use our own research and data points from other users in creating the rules listing
- Our goal in sharing/using the rule listings is to provide you guidance to avoid getting declined
- There can sometimes be exceptions to the rules, but we try to take a more cautious approach in advising you.