@Anonymous wrote:I just applied and was approved
They asked what amount I would like, which was the max of $20k, put me on hold and came back with an instant approval. I believe it is the combo of $10k each
Tricky subject here so I want to see if I can help clarify... the max is combo of $20k each... for a grand total of..... wait for it... $20k
Kinda weird, but that is what makes PSECU attractive for util. You get a $20k credit card, and a $20k line of credit. In reality, you have a TOTAL of $20k and you can use it on whichever combination of LOC or credit card usage you want, but you can't extend yourself past $20k between the two. However, when PSECU reports, they show your balance on the credit card with a limit of $20k, AND your LOC balance with a limit of $20k. $40k total reported, $20k accessible to you, with up to $20k between the two, however you want to use them (though using the LOC doesn't seem to offer any benefits over the lower APR credit card).
Good luck, and congrats! And I probably just muddied the waters instead of clarified... :-)
PSECU grants very generous credit lines to people with pretty good credit. from personal experience ive noticed that they really hate when people have too many recently open accounts and or too many recent inquiries. If you have no baddies, and not too many recent inquiries then i'd give it a shot.
When i applied they gave me the smackdown because i had 4 new accounts within the last year and about to 10 inquiries (5 from when i had recently purchased a vehicle)
How many recent inquiries do you have?
Starting Score: TU 608, Eq 618
darn this thread... I really want to wait until I see my EX Fico before I app... but this just makes it hard.
I'm also debating if I should app 10k or 20k...