Frequent Contributor
Posts: 419
Registered: ‎03-05-2012
Re: I Love PenFed - preapproved offer

tiger67 wrote:

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



Smiley Very Happy

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.