Pended CC question

[Weights]

Are they sensitive to a high amount of open end credit to your income, even if the majority of it isn't being utilized? I seem to remember others telling me that this is so. I was thinking about apping for their cash rewards card at some point, but am hesitant to do so since I have high limits on my other cards, which in summation, come close to my annual income. I only have about a 2% utilization right now. I currently have a 781 eq fico for what's that worth, with no baddies. AAOA is 4 years.

[Weights]

Title should say Penfed. Sorry about the typo.

[longtimelurker]

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@Weights wrote:
Are they sensitive to a high amount of open end credit to your income, even if the majority of it isn't being utilized? I seem to remember others telling me that this is so. I was thinking about apping for their cash rewards card at some point, but am hesitant to do so since I have high limits on my other cards, which in summation, come close to my annual income. I only have about a 2% utilization right now. I currently have a 781 eq fico for what's that worth, with no baddies. AAOA is 4 years.

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Penfed?   Yes, they seem to decline a lot of people with a "pyramiding debt" reason which includes having lots of newish credit.  If the high limits aren't all that recent, you may be ok, but they have a reputation for being conservative and wanting clean credit reports.

[Weights]

Thanks for the response. If it helps, I have 2 new accounts in last year; 1 if you count my recent amex approval that was backdated. The other was opened in 6/2013.

[-Wade-]

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@Weights wrote:
Thanks for the response. If it helps, I have 2 new accounts in last year; 1 if you count my recent amex approval that was backdated. The other was opened in 6/2013.

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Do you have a clean file????

Edit :i see you do and with a 781 EQ score  . how close is you CL's  to income??

[Weights]

Yes I do; no baddies. Myfico EQ-781.

[-Wade-]

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@Weights wrote:
Yes I do; no baddies. Myfico EQ-781.

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how close is you CL's  to income??

[-Wade-]

Do you have a checking and saving account with them ????

[Weights]

About 95%. I've been thinking about closing some of my inactive accounts anyways which haven't grown on me.

[Weights]

No, not yet. I was planning to app within the 60 day time frame so the same inquiry would be used.