PSECU Combo Visa/PSL / Reporting

[LS2982]

How does this work??

I inquired about this today since I took a HP last night and they was able to approve me with a total CL of $12K between the VISA and PSL.

Now if i'm understanding correctly this reports as 2 different TL's??

[Chaos122]

It will be reported as two seperate lines at 12.k each, each balance will report seperately also (Eg, if you have a balance of 3k on your visa, it will report 3k/12.5k, and the loc wil report 0/12.5k

Really helps with utilization,  Congrats, I love my psecu card thanks to the 2.9 apr balance transfer rate and NO BALANCE TRANSFER FEE!! Fantastic!

[LS2982]

---

@Chaos122 wrote:

It will be reported as two seperate lines at 12.k each, each balance will report seperately also (Eg, if you have a balance of 3k on your visa, it will report 3k/12.5k, and the loc wil report 0/12.5k

Really helps with utilization,  Congrats, I love my psecu card thanks to the 2.9 apr balance transfer rate and NO BALANCE TRANSFER FEE!! Fantastic!

---

Wow, so your sure i'll have 2 separate TL's? My paperwork said I was approved "for a total credit limit of $12,000 for a combined PSL and Visa LOC".

[Chaos122]

Yep, they will both share the 12k line, but they will report as 2 seperate 12k tradelines on ur report.

If u max out the visa then ull have no available credit on ur loc either, but ur loc will still report 0/12k.

[Cadillac-XTS]

Congrats

[Anonymous]

Yep, it reports as two separate on mine as well.

[visorboy1974]

2 separate TL's but take an advance right away from the PSL.  If you don't it'll report the open date as the first time you do.  

[Anonymous]

---

@visorboy1974 wrote:

2 separate TL's but take an advance right away from the PSL.  If you don't it'll report the open date as the first time you do.  

---

So it will open again if you don't use it right away? It shows open now? I never actually plan to use the PSL it was really just something I did bc I heard it was a good idea haha

[Chaos122]

Wow visorboy is absolutely right.  I have wondered for months why my Open date on my psl changed.  When i opened it it showed jan/12, but 2 months later when i finally used it the open date changed to mar/12.  I could never figure it out until i just read visor's post.  So yeah advance like 20 or something and pay it back just to give it some activity.

[visorboy1974]

---

@Anonymous wrote:

---

@visorboy1974 wrote:

2 separate TL's but take an advance right away from the PSL.  If you don't it'll report the open date as the first time you do.  

---

So it will open again if you don't use it right away? It shows open now? I never actually plan to use the PSL it was really just something I did bc I heard it was a good idea haha

---

If you ever do use it, the only thing that will change is the open date.  It should always report as open as long as it is.