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Established Contributor
Posts: 1,119
Registered: ‎02-07-2017
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Re: Bankruptcy Friendly Credit Cards Pt.2


SteelerNYC wrote:

joe8185 wrote:

I'm beginning to wonder if I should have given that Merrick Bank offer a shot after all even if it wasn't a high SL to begin with. The mailer expired last month and since then, when I try their prequal site, it says they can't find any offers for me. *sigh*


I did because it meant a second revolver at the time. You already have four counting your secured (and would still have the magic three if you got rid of it) so Merrick probably wasn't that necessary.

 

Once I get decent CLs from NFCU and PenFed I'll likely ditch Credit One and Merrick.


I know...I'd love to get that secured Platinum (which I got at the very tail end of 2015/beginning of 2016) graduated to unsecured so that I could combine it with my existing unsecured Platinum! It's really frustrating to me that secured cards that were opened later in 2016 are being graduated but not older ones that have been kept in good standing. It's exasperating to have two nearly identical-looking Mastercards in my wallet when I could just have one. I'm going to try for a CLI on the unsecured card later this week once I hit the 90/91-day mark. Actually, as of today it's been 95 calendar days since my approval and 87 days since I activated the unsecured Platinum. Should I pull the trigger on the CLI or wait a few more days?

Rebuilding credit since 12/14 Ch7 BK discharge. FICO 8/18/17:TU 649/EX 684/EQ 688 FICO 8 or 693 NG 2, VS 3.0 8/18/17: TU 704/EX 684/EQ 700. $800 Amazon Prime Store Card, $951 Cap One secured Platinum MC, $1200 Walmart Store Card, $2000 Apple FCU Platinum Visa, $3000 Penfed Power Cash Rewards Visa, $3000 Cap One Quicksilver MC, $3300 Discover It, $4000 Overstock Store Card, $10k PenFed used car loan, $5k Navient student loan. In the garden as of 7/2/17 AND THIS TIME I REALLY MEAN IT!!! (unless I get a preapproval I can't refuse...)
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Re: PenFed data point


Sauternes wrote:

Here's a data point on PenFed.  Got approved for a $2500 SL on a PenFed Power Cash Rewards today, just shy of 2 years post bk7 filing.   Current score of 660 on EQ which is what I believe they pulled (I haven't gotten an alert yet from myfico though).  

 

I initially wanted their Visa Signature product, but was denied for that as they weren't willing to give me the minimum $5000 limit (which is what I really wanted).  Sigh.  During recon the rep was encouraging and said that in time a PenFed cc can grow up to 50k and encouraged me to give it 6 months or so and then request a CLI.  Looking forward to building a relationship with PenFed and earning the $100 signup bonus!  


Congratulations, and good news for both of us because I'm planning on trying Penfed for a card this fall too after my gardening phase ends. Is that score FICO 8 or FICO NextGen 2? (Penfed relies mostly on NextGen 2, which makes them pretty much unique among major CC issuers.) My most recent Penfed EQ score was 690 as of 2/28; the next quarterly score will be generated at the end of this month but I won't know what it was until early July. Considering that both TU and EX FICO have gone up by 15-16 points in the last week or so (I don't know what my current EQ FICO 8 is but I installed the Lenny app yesterday so I'm waiting for my score to come in from them), I expect my EQ NextGen 2 to hold steady at the least and hopefully go up some.

 

I'll have gotten to close to 3 years from Ch 7 BK discharge in September (filed in August 2014), have been a Penfed customer for literally decades, never burned them in a BK or otherwise, and currently have an used auto loan with them in addition to my share account in which I made a substantial deposit in February, so I'm optimistic for success if/when I apply to them for a Visa. I doubt my history/scores will support a Visa Signature, but I have good hopes following your report that I can get a Power Cash Rewards (I'd settle for a Promise if it came to that).

Rebuilding credit since 12/14 Ch7 BK discharge. FICO 8/18/17:TU 649/EX 684/EQ 688 FICO 8 or 693 NG 2, VS 3.0 8/18/17: TU 704/EX 684/EQ 700. $800 Amazon Prime Store Card, $951 Cap One secured Platinum MC, $1200 Walmart Store Card, $2000 Apple FCU Platinum Visa, $3000 Penfed Power Cash Rewards Visa, $3000 Cap One Quicksilver MC, $3300 Discover It, $4000 Overstock Store Card, $10k PenFed used car loan, $5k Navient student loan. In the garden as of 7/2/17 AND THIS TIME I REALLY MEAN IT!!! (unless I get a preapproval I can't refuse...)
Valued Contributor
Posts: 1,633
Registered: ‎06-05-2015
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Re: Bankruptcy Friendly Credit Cards Pt.2

My wife applied app is pending review

CO-Venture-23k, CO Venture One -10k, BC Ring 11.5K, BC Cash Fwd 4.5k, BC Arrival+ 5k, JC Penny 8k AKUSA FCU -10k , Comenity Blue Nile 7k, Cabelas WFB 8k, Discover 8k, Kohls-4k, CHASE Amazon Prime VS 500, BofA AK Air Siggy 7.8k, Synchrony Cathay Pacific Visa 6k, PFCU Plat Rewards Siggy 17k PFCU AX Travel Rewards 20.5 NFCU Go Rewards 24k , NFCU Cash Rewards 31.5k, CLOC 15k, CITI Costco 9.5k, GAP VISA Synchrony $3250, Target 1k, Macy's 3k, VS, 1150, BLIS PAY 5k, Pay Pal 1k, Virgin America 10k, 225k total available credit. Utiliz-5% Current FICO EQ-692, EX 708 TU 705 Chapt 7 BK D/C 11-2012. Starting scores 520-550
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Posts: 95
Registered: ‎05-31-2013
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Re: Bankruptcy Friendly Credit Cards Pt.2

[ Edited ]

@ morgacj2004 wrote

 

"My wife applied app is pending review"

 

 

what did she apply for?

Valued Member
Posts: 40
Registered: ‎04-20-2016
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Re: PenFed data point

EQ 660 is my Fico 8.  Not sure what my NG score is that PenFed uses.   

BK7 discharged September 2015
Discover IT $5800, Capital One Quiksilver $3800, PenFed Power Cash Rewards $2500, J.Crew Store Card $1700
EQ 684 / TU 661 / EX 680 As of Aug 9th 2017
Credit Goals: 700+ score, mortgage ready in 2018
In the garden until September 2017
Valued Contributor
Posts: 1,633
Registered: ‎06-05-2015
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Re: PenFed data point

She applied for the FNBO AX.  Was declined as was I. They are not BK friendly. Will recon when I get letter 


CO-Venture-23k, CO Venture One -10k, BC Ring 11.5K, BC Cash Fwd 4.5k, BC Arrival+ 5k, JC Penny 8k AKUSA FCU -10k , Comenity Blue Nile 7k, Cabelas WFB 8k, Discover 8k, Kohls-4k, CHASE Amazon Prime VS 500, BofA AK Air Siggy 7.8k, Synchrony Cathay Pacific Visa 6k, PFCU Plat Rewards Siggy 17k PFCU AX Travel Rewards 20.5 NFCU Go Rewards 24k , NFCU Cash Rewards 31.5k, CLOC 15k, CITI Costco 9.5k, GAP VISA Synchrony $3250, Target 1k, Macy's 3k, VS, 1150, BLIS PAY 5k, Pay Pal 1k, Virgin America 10k, 225k total available credit. Utiliz-5% Current FICO EQ-692, EX 708 TU 705 Chapt 7 BK D/C 11-2012. Starting scores 520-550
Contributor
Posts: 95
Registered: ‎05-31-2013
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Re: PenFed data point

@morgacj2004

 

Can you report back in when you recon? Will be applying for my dw in 4 weeks for this card.

Valued Contributor
Posts: 1,884
Registered: ‎09-20-2011
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Re: Bankruptcy Friendly Credit Cards Pt.2

NFCU 24 months since CH7 discharge.  EX FICO 08 660 but they pulle EQ though the reports are identical. Approved Cashrewards @ $1k.  It'll grow and look forward to workign the relationship. 

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Senior Contributor
Posts: 5,405
Registered: ‎07-12-2012
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Re: Bankruptcy Friendly Credit Cards Pt.2


boomhower wrote:

NFCU 24 months since CH7 discharge.  EX FICO 08 660 but they pulle EQ though the reports are identical. Approved Cashrewards @ $1k.  It'll grow and look forward to workign the relationship. 


Congrats! I started with a $1k cashRewards as well. Good luck

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
732 EQ FICO 08/2017
743 TU FICO 08/2017
735 EX FICO 08/2017
$20k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $17k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE
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Posts: 3
Registered: ‎05-30-2017
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Re: Bankruptcy Friendly Credit Cards Pt.2

Hello im new to the forum and im just curious, What does YMMV, IIBK and SCT  mean ? its a little confusing reading and not knowing what it stands for

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