Well this is a new one. A reader told me this US Bank cards had gotten shut down and he wasn’t sure what happened. And then a few days later, he got the rejection letter for the Flexperks card, and if you look at the timing on the reasons, it’s clear that not only did US Bank reject his new application, they decided to close his 2 current cards. NUTS!
Rejection Letter for the Flexperks business card
Closing of the Flexperks Travel Rewards card
Closing of the Club Carlson card
It seems that if you’ve had too many inquiries or new accounts lately, you may want to abstain from applying for a new US Bank credit card, else you may get the axe. I’m still in shock by this move.