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Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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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?




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Valued Contributor
Posts: 1,142
Registered: ‎05-17-2010
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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.  

 

 

 

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