Credit Cards topics

When does Pen Fed update Credit Report

Bay_Area_Joe — Fri, 24 May 2013 15:23:46 GMT

I was curious if anybody knows when PenFed updates Credit Reports, especially on Personal Lines of Credit.

My consoldated statement was dated on 4-25. I used a check on 4-26, and it posted to my account on 4-29 and it was reported to the CB's it looks like on 4-31.

I called and spoke to agent and she could not tell me anything other than it is random and she did not know when the accounts update to CB's.

I wanted to make sure that the balance did not report again. I am a new PenFed customer and was just trying to figure it out.

Thank you.

Calling Backdoor Numbers

HYPASS33 — Fri, 24 May 2013 15:08:02 GMT

When you call these backdoor numbers for recon, what do you say to them to get the higher limits? Yesterday I called back after being approved trying to get even higher limits and each one told me that once the application is out of pending stage they couldn't increase unless I do another app with a HP and I said NO THANKS!

It will be a while before I come out the garden but just curious as to what you tell them. You act real confident, sound a little nervous are what??

Just thought of this... a UT question.

kroberts67 — Fri, 24 May 2013 15:07:54 GMT

I need to PIF all cards, leaving a bal of 2-9% on only one card to report. Does it make a difference score-wise what the CL is on the card I use?

If I were to leave a $400 balance each month, the UT on the card itself would be lower on a $3k limit card than on a $500 card if it were judges on the card alone. I thought that the score is based on overall UT; does the single limit on the card I let report play a part at all?

Hmmm.

Which card should I get?

lcfballplayer43 — Fri, 24 May 2013 14:58:07 GMT

I'm currently considered a full time student; however, I am on a co-op which is full-time work. My TU score is 690, I currently have one credit card open through my bank (Key) and it is a student card, one auto loan, and both are a year old. I also have one closed auto loan in my name that was only open for about 15 months. Also, my annual salary would be about $27,000. Any suggestions on a card? Should I go for another student card or try for something else like the Discover It? Thanks!

Chase Card Services (Argh)

Drew — Fri, 24 May 2013 14:37:44 GMT

This in follow up to my previous thread about grouping recent Chase inquiries together; I have yet another set of inquiries from Chase (double pulled) on TU and EX, because of a credit limit increase request that was put through an online message for my Slate card. I sent Chase an online message advising them that this was not authorized and I had explained to the representative that the report from two days ago should have been used. I can't imagine how much my credit has suffered due to all these Chase inquiries; I am certain that I would not get approved for ANY cards at this point due to the sheer number of inquiries.

Now I am in the process of closing the Slate card and moving the entire credit line over to the Sapphire. Jeez Chase, I really liked you guys.

US Bank Flex got approved!!!!!!!

w20031424 — Fri, 24 May 2013 14:40:06 GMT

Applied for the Flex card three days ago, called the automated message system and got the "we're unable to approve you at this moment" message, which of couse I thought I was denied. This morning, I prepared my persuasive speech, designed Plan A and Plan B, brushed my teeth, ready for the big battle, and dialed the backdoor number with my shaking hands.

After verifying my SSN then they identified my apartment number, saying information didn't much. It came out that I spelled "Apt 166" instead of the correct "Apt 116". After a minute on hold, I was informed of the approval(instant system approval I think) without any questions asked. Though the Rep told me that she's unable to see the CL now. I have to wait until Monday to contact their underwriting department, which is different from the Information Verifying Department. I will update this post once I know the CL. Chances are they will be $1.5K to $2K.

I was totally shocked... I sincerely feel the blessing from dear Heavenly Father

The reason? 1 year and 8 month credit history. 35 inquiries on EX, they pulled EX BTW. Eight newly open cards within one month, though only six showing now. (Just check out my previous posts about the app spree). AAOA 4 months. One year old student checking accoutn with US bank with $10 daily balance. Income $80K. Seriously.. I think this might be a system glitch.

My only little concern is the new Barclay Card, their credit analyst must be outrageous when they realize I opened eight new accounts just one day after theirs. So I will avoid calling them within 12 months to stay under the radar and hopefully slip through the crack. No big deal anyway, I'll be willing to close the account at their request.

Now I'm thinking.. since the AAOA is already struck to 3 months, maybe it doesn't hurt much to lower it further..? :smileylol:

Next time someone tell you US Bank is inquiry sensitive, show him this post.

Credit card usage question

llecs — Fri, 24 May 2013 14:22:08 GMT

Moved to Understanding FICO Scoring

Express CLI

MsLadyRover — Fri, 24 May 2013 14:13:39 GMT

So 4 months ago I requested an increase on my $500 Express card and it was declined reason being in their letter that "they want to see a consistent payment pattern with the existing limit before granting additional credit". At that time I had only made one $31 purchase when I first got the account last May and nothing more. So a few weeks ago, I made a $26 purchase and went online last night to pay it off. Decided to try again and boom...$300 increase. YAY!

So I guess two purchases both paid in full qualify for a "consistent payment pattern" with them. LOL!

AMEX backdating

electra — Fri, 24 May 2013 14:11:49 GMT

I just was approved for an AMEX BCP. If I have my parents add me as an AU on theirs and get their "member since", will it change my "member since" on my BCP?

Discover IT Approved!

MsLadyRover — Fri, 24 May 2013 13:55:41 GMT

Well after 9 months in the garden, I finally succumbed to temptation and applied for the Discover IT.

Instant approval for $1500 and 0% on purchases and balance transfers for 14 months.

I'm looking forward to being a part of the Discover family and enjoying all of the cash back and other benefits that Discover has to offer.

Help Me Understand

HYPASS33 — Fri, 24 May 2013 13:43:42 GMT

With pretty much all my accounts being new, would the 3 accounts I got approved for yesterday affect my AAOA that much and make my score drop a lot when the accounts hit my report?? Help me understand this better someone..

Question about Discover It cards

lcfballplayer43 — Fri, 24 May 2013 13:41:51 GMT

Hey guys, I recently applied for the Discover It for Students card and was approved but I cancelled the application since I have some questions. Would you recommend trying for the normal It card or just go for the student card? I am a student but I do have a year old credit card and car loan as well as a closed car loan. My score is about 690 according to Credit Karma. Also, I've heard Discover is not accepted as much as Visa or Mastercard. Is this true, or is this an older statement? I just think it'd be smart to get another CC since I currently only have one through my bank and would like to build my credit. Thanks for the help!

Trying to Get Walmart CLI

JWest — Fri, 24 May 2013 12:21:26 GMT

I just opened my walmart card and wanted to know the best route to get a cli do I let the card report a balance or can I just show usage while paying before statement cuts?

AMEX AF waived for active duty military???

CreditJunkie917 — Fri, 24 May 2013 10:36:49 GMT

I've read a couple places online that AMEX waives the AF for active duty service members. Do they still honor that and does it apply through the life of membership, until you get out?

IF YOU DONT NEED IT DON'T APP FOR IT!!!

CreditJunkie917 — Fri, 24 May 2013 10:27:37 GMT

So I got on the bandwagon with the shopping cart list earlier this month, and app'd for the VS, JCREW, and EXPRESS card, all approved with an SP. then it got me thinking the hit I was going to take on my AAoA. NO GO!!! I just called CS to cancel the jcrew and express cards. DW likes VS so I kept that open. It was an easy way to obtain credit, but in the heat of everything didn't think it all the way through. So a person in my position who is rebuilding or anyone for that matter, if you don't need the credit, don't apply for it! Especially if you have no intention of really using (which I wasn't going to). I'll just garden with what I have now, and work on my baddies, THEN apply for credit I'll need and will use.

Question about NFCU membership....

bk510 — Fri, 24 May 2013 08:57:32 GMT

I wonder if someone knows this,

hey guys, I have an uncle who is retired from the air force and I personnally dont know if he's a member at NFCU.

And I really dont know him that well in person, simply beacuse i dont see him.

We both live in california(if that helps).

Do I qualify for a membership?

I would think that the hardest part would be how to convince these folks.....

thanks,

Grrrr

DiabolicallyRandom — Fri, 24 May 2013 06:20:45 GMT

I hate when they instantly approve you for a card, yet some how don't consider the limit to be of any importance.

Chase Question

Rayven — Fri, 24 May 2013 06:12:03 GMT

Hello, all. I unfortunately FC'd on a home financed from Chase in Jan 2011. I have since worked to improve credit as much as possible (current FICO's in low 700's) I currently have an AMEX PRG, NFCU Flagship 22.5K, Cap1 2.5K, and NavChek 15K. In the past three months I have been bombarded with "pre-approval / pre-selected" offers from Chase (Marriott Premier / United Club / United Mileage Plus) usually at least one a week. My question is, is it even worth apping for one of these or a CSP with my FC being just over 2 yrs old? Util 1%, AAoA 4 yrs and AMEX was 4/13.

Amex question

DiabolicallyRandom — Fri, 24 May 2013 05:39:11 GMT

So if I were to be added as an authorized user would it report the date I was added or the date the account was opened? Then, after it reports and I were to get one of my own would it back date my account to the same date as the card I was an AU on?

BOA Better balance Card - How to make best use of this card

fearlessdragon — Fri, 24 May 2013 05:26:19 GMT

I have two BOA 123 card. One is secured version with $500 limit and other i got recently a unsecured version with $2000. I initially thought about closing my secured card to avoid AF of $39. Now i have decided to PC that into Better balance card. I read the TC for getting $120 per year( I have BOA checking and savings). You have to pay more than minimum payment every month. Can anyone please tell me how to make best use of this card, like how minimum you have to spend in this card to take advantage of that feature. Can i swipe like $1.00 every month and PIF after the statement gets posted, and get $30 a quater?