@kevinjjc wrote:
@bs6054 wrote:
@kevinjjc wrote:
@jorgevazquez87 wrote:
Hi again,
I had the Walmart Store card for 5 months, this past month I got a auto-cli from 900 to 1400.
Call 1-866-519-6441 right now. With GE, it's better to recon during the weekend or after regular business hours. There's really nothing to lose since it's a soft inquiry for CLI requests with GE. Ask for 5k...they will make a counter offer, if they won't give you the full amount. If you get denied, no harm done.
Is this a good idea if the goal is Penfed? Giving the fairly small income, increasing CLs might lead to the famous "pyramiding debt" rejection by PenFed.
In my opinion, it's a good idea. Higher credit limits beget higher credit limits. Achieving a 5k limit is a major benchmark in the early phase of credit building. The "pyramiding debt" from PenFed is geared towards people with a lot of credit cards.
Pen Fed strikes me as a very smart lender, especially when their credit analysts conduct a manual review.
They seem more apt to be able to accurately pick out those who are applying just for signing bonuses (churners) with nary an intention of using there cards after the initial award; or, using their cards only for the bonus categories, which no issuer likes. They also seem very keenly aware of Fico score manipulation, such as inflated scores from AU piggybacking and AAOA artificially increased by Amex backdating.
I'm very impressed with how they run things there. Definitely a card worth having, if they fit your needs.
