PenFed over draft line of credit

kugel · ‎04-13-2017

Just checked in CCT the new PenFed is reporting on equifax and no score change does this mean I am good or it still may show a score drop later ??
Also I opened a checking account with PenFed so I can get 2% cash back on my new power card they gave me
A over draft line of credit of $500 will this show up on my credit report as a new TL ?
If it does will this also not change my score ? I would know I would cancel the ODLOC

Anonymous · ‎04-13-2017

@kugel wrote:
Just checked in CCT the new PenFed is reporting on equifax and no score change does this mean I am good or it still may show a score drop later ??
Also I opened a checking account with PenFed so I can get 2% cash back on my new power card they gave me
A over draft line of credit of $500 will this show up on my credit report as a new TL ?
If it does will this also not change my score ? I would know I would cancel the ODLOC

Yes, that is ThriftyCredit and it will appear on your reports as a $500 revolving line of credit. As for whether that will change your score, probably not unless it somehow dramatically affects your AAoA.

Anonymous · ‎04-13-2017

If you see the new TL reporting then the hit to your AAoA should be done.

SouthJamaica · ‎04-13-2017

@kugel wrote:
Just checked in CCT the new PenFed is reporting on equifax and no score change does this mean I am good or it still may show a score drop later ??
Also I opened a checking account with PenFed so I can get 2% cash back on my new power card they gave me
A over draft line of credit of $500 will this show up on my credit report as a new TL ?
If it does will this also not change my score ? I would know I would cancel the ODLOC

Yes the overdraft line of credit will show up.

Cancelling it probably won't remove it from your credit report.