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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
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PSECU Combo Visa/PSL / Reporting

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??




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Regular Contributor
Chaos122
Posts: 204
Registered: ‎12-20-2010
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Re: PSECU Combo Visa/PSL / Reporting

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!


Starting Score: TU 608, Eq 618
Current Score: TU 755 Eq 746, Ex 770(psecu)
Goal Score: 780 across the board


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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
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Re: PSECU Combo Visa/PSL / Reporting


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".

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Regular Contributor
Chaos122
Posts: 204
Registered: ‎12-20-2010
0

Re: PSECU Combo Visa/PSL / Reporting

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.

Starting Score: TU 608, Eq 618
Current Score: TU 755 Eq 746, Ex 770(psecu)
Goal Score: 780 across the board


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Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012
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Re: PSECU Combo Visa/PSL / Reporting

Congrats

Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012
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Re: PSECU Combo Visa/PSL / Reporting

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

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
Valued Contributor
visorboy1974
Posts: 1,132
Registered: ‎05-17-2010
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Re: PSECU Combo Visa/PSL / Reporting

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.  

Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012
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Re: PSECU Combo Visa/PSL / Reporting


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

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
Regular Contributor
Chaos122
Posts: 204
Registered: ‎12-20-2010
0

Re: PSECU Combo Visa/PSL / Reporting

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.

 

 


Starting Score: TU 608, Eq 618
Current Score: TU 755 Eq 746, Ex 770(psecu)
Goal Score: 780 across the board


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Valued Contributor
visorboy1974
Posts: 1,132
Registered: ‎05-17-2010
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Re: PSECU Combo Visa/PSL / Reporting


jd5189 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.  


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