Credit Cards Center Credit cards from our partners
Reply
New Contributor
Posts: 72
Registered: ‎05-07-2008
0

PenFed question ?????

I was approved for 1  mastercard ($5,000)  yesterday and wondering should I app another one ? being that they use the same report for 90 days
Thanks for everyone's input..........
Valued Contributor
Posts: 1,157
Registered: ‎05-21-2008
0

Re: PenFed question ?????

[ Edited ]
If you're a myfico addict and you can get a CC application in without a hard inquiry...  That's a no brainer! lol!
 
But how many cards do you have?  What are your balances and limits, etc?  Any other types of debt?


Message Edited by thrasher865 on 06-04-2008 05:44 AM

Starting Score: EQ: 665 - TU: 687
Current Score: EQ: 749 - TU: ---
Goal Score: EQ: 760 - TU: 760


Take the FICO Fitness Challenge
New Contributor
Posts: 72
Registered: ‎05-07-2008
0

Re: PenFed question ?????

I curently have 1 cap1 2,000 cl 300.00 bal  Dillards 1,300 cl )200.00 bal  carecredit 1,000 cl ) 340 bal  Orchard 750.00 cl ) 0bal 2 installments no baddies and 1 inq
Thanks for everyone's input..........
Valued Contributor
Posts: 1,157
Registered: ‎05-21-2008
0

Re: PenFed question ?????

From what I can tell, your utilization with your new card having 0 balance is 8.5%, so you don't need any more credit to help your score.  I guess it is just up to how you feel about it.  Since thats your highest limit card, I know I would be tempted to app for another similar card.  It's a good feeling when you get a card with a starting CL higher than any other CL in your wallet.

Starting Score: EQ: 665 - TU: 687
Current Score: EQ: 749 - TU: ---
Goal Score: EQ: 760 - TU: 760


Take the FICO Fitness Challenge
Frequent Contributor
Posts: 339
Registered: ‎12-12-2007
0

Re: PenFed question ?????

How long did it take before you were approved ? It's been 60 hours for me and nothing from them despite two phone calls and 1 email.   I'm starting to think they stink and are overhyped.
God is keeping score....be good to others.
Highlighted
Valued Contributor
Posts: 2,791
Registered: ‎03-18-2007
0

Re: PenFed question ?????



firstinlastout wrote:
How long did it take before you were approved ? It's been 60 hours for me and nothing from them despite two phone calls and 1 email.   I'm starting to think they stink and are overhyped.


FILO, good things are worth waiting for - PenFed is extremely conservative and careful about whom they approve, and for what - the fact that your app is still pending to me suggests you aren't an automatic 'no'.  I got my denial within about 36 hours, both on my original app and on trying to recon my first denial.
 
Patience!! Smiley Wink
 
_____________________________________________________________________________
It's never too late to become the person you might have been. ~George Eliot

02/12/09 EX: 701 / 02/08/10 EQ: 719 / 02/08/10 TU: 723

Backdoor Numbers, Credit Scoring 101, Understanding Your FICO Score PDF

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.