Re: I Love PenFed - preapprove
04-02-2012 07:15 AM
Last week I accepted a preapproved credit card offer from PenFed. Instead of opening a new card account, I applied the offered amount to my existing Platinum Cash Visa.
Old CL 30,000
New CL 50,000
HOLY CRAP! That's insane. Be careful though because I think you are right at the level where FICO starts to ignore it because it thinks it's a HELOC. You may want to ask for a CLD just to be safe.
Of course you can keep it and use the hell out of it since your UTIL won't be factored in.