PenFed Offers...is this a joke? -EDIT: No joke!

[score_building]

WOW!! Congrats!  I recall that you were not thrilled with the app process from the outset because they had given you a hard time as a self employed applicant IIRC.

Perhaps taking it (or a portion of it) as a CLI and picking up the amex when you actually were planning on obtaining a new acct., may've been worth considering.  In fact, haven't come across a single post ever of a current lender taking AA in response to a CLI (of any amt) from another current lender FWIW.

Of course accept only what works for you but the idea that other creditors may freak at a new 45k CL may hold more water if carrying balances.  It may also be concerning if as PP one needed to stay under a threshhold for the CL to report, otherwise it would be their loss if they acted out in response to your good fortune IMHO.

[Imhotrodcrazy]

I think I would have a major coronary if that kind of cl was offered to me. 

[Anonymous]

Thanks, guys.

Score....you absolutely DID recall correctly. Good memory!!  I already called and spoke to the rep otherwise, I would have taken your suggestion about reallocating the extra CL to my other card. Darn. Why didn't I think of that? Oh well...live and learn. Maybe after I get the card I can get them to change the limit from $25k down to $20k and allocate $5k to my other card for a total CL of $10??

I was fine picking up the account now. I'd rather get the credit history built up long term and maybe get a boost from my other cards after they see this CL on my reports, then worry about my AAoA

[JagerBombs89]

Out of curiousity... What type of ARPs did they offer you?  And what was your final APR on the card you accepted?

[Chickenpotpie]

Amazing! 

[Anonymous]

APR I believe is around 13%, it's a rewards card so that's to be expected. They did have another card offer that was not a rewards card for 7.99% I believe it was.

[xchap]

Wow thats great!!!

[Anonymous]

Woot Woot!! There it is!!

Status:	ACTIVE		View Transactions
Credit Limit:	$25,000.00		Credit Card Statements
Last Payment Amount:			Balance Transfer
Last Statement Date:			Cash Advance
* Date of last account activity:	06/29/2010		Change Credit Limit

[MsKiwi]

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@Anonymous wrote:

Woot Woot!! There it is!!

Status:	ACTIVE		View Transactions
Credit Limit:	$25,000.00		Credit Card Statements
Last Payment Amount:			Balance Transfer
Last Statement Date:			Cash Advance
* Date of last account activity:	06/29/2010		Change Credit Limit

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Dayum! That's one heck of a credit limit, congrats!