Update: After waiting for 5 bank working days, I received my card in the mail today. I telephoned the toll free number indicated on the removable label to activate my new $5000. credit line.
I must state that so far, I am greatly impressed with the way this bank does things.
My question now is: Does Simmons grant automatic credit line increases?
I have read a few posts on Simmons, and from what I have seen, you have received a fairly nice CL. IME on reading about them, they are not know for a lot of CLI and are very conservative. They are also not known for very high CL's.
Congrats on the card. And again, this is information from my reading of others, not from personal experience.
Thanks John! There is one other interesting point that I failed to mention about my new card. I took notice that it expires in only 1 year. Most of my cards are issued with validity term of 2, 3, or 5 years.
Interesting on the 1 year expiration....does that mean they look at customers so conservatively they don't even want to issue a card for more than 12 months?
I wonder if their rate at 7.25% will go up prior to the Feb 2010 regs? Addison Avenue had a great 5.24 but raised it to 7.25 in anticipation of the new regs, effective 2/2010.
Thank you Focus. I opine that it is good to know of other's experience with this bank, resulting in becoming aware, the better to maintain optimum FICO scoring, and to avoid any unforeseen obstacles.
Your input is greatly appreciated.