topic Re: Penfed and Amex SPG Successes! in Credit Card Approvals

Penfed and Amex SPG Successes!

Anonymous — Tue, 05 Feb 2013 13:10:49 GMT

App'd by phone on Fri. for the Amex SPG, since I have a Sheraton 4 Seasons visit scheduled for March, and since I have the Zync already, a rejection would only be a SP. I was given the infamous "7-day notice," but I looked online on Sun. and saw "Approved!" I called in, and found out that they gave me $2,000. I don't know my Experian score yet, though.

I thought to myself: There's only 1 other card out there that I really even want, now that the Cash Plus has gone kaput---the Penfed Platinum Cash Rewards (for the always-on 5% off gas, no annual fee, high CLs granted, and ready access to really cheap loan rates.)

Anyway...I was INSTANTLY approved and was given a $17,500 limit, plus an offer to BT $16,500! (I always PIF, minus an occasional $1,000+ expense that I will pay before a 2nd statement cuts).

I was floored...my next highest limit is with Discover, who gave me a $7,500 limit. This is huge for me mentally, for just last August, tPenfed declined me for everything, even for a car loan!

i was planning to freeze all 3 reports and garden for 4 years until I heard about Zync's imminent demise. Now I don't know what to do about that, for each Amex product in my report contributes 24 years of backdating (had an Amex green for awhile when I was in college).

Re: Penfed and Amex SPG Successes!

Anonymous — Tue, 05 Feb 2013 13:07:19 GMT

Alright Trish!!!

Re: Penfed and Amex SPG Successes!

kevinjjc — Tue, 05 Feb 2013 13:12:59 GMT

Congrats! You gotta love PenFed!!!

Re: Penfed and Amex SPG Successes!

RockinRay — Tue, 05 Feb 2013 13:41:28 GMT

Excellent! Congrats on your success!

Re: Penfed and Amex SPG Successes!

Anonymous — Tue, 05 Feb 2013 14:00:22 GMT

Congrats

Re: Penfed and Amex SPG Successes!

Epcot — Tue, 05 Feb 2013 17:37:46 GMT

Nice going, Congrats on the approvals!

Re: Penfed and Amex SPG Successes!

FutureBillionaire — Tue, 05 Feb 2013 18:00:34 GMT

I would check out the Platinum rewards card also. That card gives you 3x points on groceries, and it isn't capped.

Re: Penfed and Amex SPG Successes!

chnceit — Tue, 05 Feb 2013 19:13:16 GMT

Congrats Trish! Nice CL's!

Re: Penfed and Amex SPG Successes!

Anonymous — Tue, 05 Feb 2013 19:50:38 GMT

Penfed cards also have no forex and can be upgraded to chip/pin/sig. If you travel internationally you should ask for it ASAP.

Re: Penfed and Amex SPG Successes!

09Lexie — Tue, 05 Feb 2013 20:01:22 GMT

Nice limit!

Re: Penfed and Amex SPG Successes!

Anonymous — Fri, 08 Feb 2013 02:55:27 GMT

Thanks to all of you for your kind words! This forum has really helped me to re-build in the fastest and most thoughtful way possible.

Every single open card that I now have is brand-new, opened in Sept. 2012 or later. I've since closed out both of my high annual fee / low limit HSBC cards (one had an annual fee of $79 for $520 in credit, but Cap 1 would not waive or reduce the fee)! Unfortunately, they were 7-8 year old lines, but I wasn't willing to pay $145 annually, for the rest of my life, for zilch, really.

I've app'd recently because I have a dark cloud looming over my credit score future, and I wanted to get every card that I'd always coveted now, before I have to take the inevitable hit and tumble (you see, I defaulted on my student loans SOOOOO long ago that they actually quit reporting, have 2 more rehab payments left and then I will exit default and my $38K in loans will be reappearing on my report by May marked "paying as agreed," as though nothing ever happened---but $38k IS a lot of money to owe back, and so I do expect a big drop when that happens.

It's been great riding through 700-land, though!