Credit Cards Center Credit cards from our partners
Reply
Mega Contributor
Posts: 15,453
Registered: ‎04-09-2011
0

Re: PSECU Combo Visa/PSL / Reporting

Visor,

 

I was told that it is 12% APR to use the PSL, if you PIF within 30 days is there any interest or is it from the time you pull the money?




EQ FICO 548 3/3/16
Highlighted
Valued Contributor
Posts: 1,193
Registered: ‎05-17-2010
0

Re: PSECU Combo Visa/PSL / Reporting


LS2982 wrote:

Visor,

 

I was told that it is 12% APR to use the PSL, if you PIF within 30 days is there any interest or is it from the time you pull the money?



You're correct, it's 12.9% for the PSL and 9.9% for the CC.  

 

 

Interest starts as soon as you take the advance.  I found out about the reporting issue a month after I got the PSL, took the advance and paid it back right away.  I'd hate to have a new open date a couple years down the road if I ever had to use it.  

 

I haven't heard of anybody's account being shut down for inactivity, I'm just letting you know of the reporting anomaly if the account ever does get used.  

 

 

 

FICO Scores Updated 07/15 EQ08 748 EX08 748 TU08 818

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.