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BofA, GE money bank and PenFed a love story .....

Regular Contributor

BofA, GE money bank and PenFed a love story .....

Hello: 

 

I been lurking for a while and reading alot... so this few past days I started calling the backdoor numbers to see how my numbers played..

 

I currently running on  TU : 751 (Fico) EQ 756( Fico) Ex 776 (FAKO, is this even real ? lol) 

 

First called BofA for a interest rate reduction... i got a 2% reduction.. i took it until i lower my util with them to  <10 or pif... I was amazed that i got that small number.. This card had a 25% utilization at the moment I called. This was a SP...  CLI here is always a HP

 

 

After that I called GE bank for the same matter but that CSR told me that line was only for CLI, after inquiring if it was a SP I asked for a 10k rise.  haha .. well they only gave me a 1.5k raise.. I took it .. this card is a Banana Rep. and is PIF .  went from 2.5k  to 4k.

 

 

 Later I went to the PenFed website to check my eligibility to join them and search for one of those cards.. Well I joined and received the info for a new account. This financial group does a HP on EQ just for opening the account.  lets see how this journey ends.....

 

 

I just wanted to put this info out  so It can be help full and see if I get advice to learn from my mistakes during this type of process. 

Message 1 of 6
5 REPLIES
Mega Contributor

Re: BofA, GE money bank and PenFed a love story .....

Sounds like a Taylor Swift kind of love story....lol



EQ FICO 548 3/3/16
Message 2 of 6
Regular Contributor

Re: BofA, GE money bank and PenFed a love story .....

I forgot to mention that in GE Bank the CSR told me that they dont negotiate APR... that it has been a policy for more than 5 years .. is this true ? 

 

anyone can confirm this ? 

Message 3 of 6
Valued Contributor

Re: BofA, GE money bank and PenFed a love story .....


culture wrote:

I forgot to mention that in GE Bank the CSR told me that they dont negotiate APR... that it has been a policy for more than 5 years .. is this true ? 

 

anyone can confirm this ? 


From everything I've ever heard (including a statement this week on MyFico by a helpful GE personal banker), GE APRs are all fixed for life, absolutely no reductions.

 

Message 4 of 6
Senior Contributor

Re: BofA, GE money bank and PenFed a love story .....

Yeah lol GECRB NEVER decreases aprs.
Best bet- pif or never carry a bal more than a couple months!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 5 of 6
Highlighted
Regular Contributor

Re: BofA, GE money bank and PenFed a love story .....

i wounder if i should recon that limit on the BR card 

Message 6 of 6