topic Re: $5K Approved!!! in Credit Cards

$5K Approved!!!

Anonymous — Fri, 21 May 2010 21:44:51 GMT

My CU is my best friend right now. I went in today to sign the paperwork for my car refi which was approved yesterday. I was encouraged to apply for a CC because they already had my cr and wouldn't need to pull it again. I was approved for 5K at 10.99% with no balance transfer fee. Just to think I tried to get Orchard Bank to lower the 19.99% interest rate on my $700 cl last week and was told that was their best rate. Guess who's getting closed? Sidenote: Capital One did lower my interest a couple of weeks ago.

Re: $5K Approved!!!

DI — Sat, 22 May 2010 00:20:17 GMT

Congrats! Nice credit line with a CU.

Re: $5K Approved!!!

haulingthescoreup — Sat, 22 May 2010 01:51:33 GMT

@Anonymous wrote:
My CU is my best friend right now. I went in today to sign the paperwork for my car refi which was approved yesterday. I was encouraged to apply for a CC because they already had my cr and wouldn't need to pull it again. I was approved for 5K at 10.99% with no balance transfer fee. Just to think I tried to get Orchard Bank to lower the 19.99% interest rate on my $700 cl last week and was told that was their best rate. Guess who's getting closed? Sidenote: Capital One did lower my interest a couple of weeks ago.

Congrats!

I wouldn't close the Orchard unless/ until they're about to hit you with a fee again. Keep it going for a while. It'll stay on your reports after you close it that much longer (generally 10 years after closure.)

Re: $5K Approved!!!

Anonymous — Sat, 22 May 2010 04:40:24 GMT

Nice! 5 grand and no hard pull for the card. Can't beat that!! Plus you're drivin' new wheels. You're having a very good week

eta: okay, so no new wheels - just a nice refi on the old wheels. Still a very good week!

Re: $5K Approved!!!

Anonymous — Sat, 22 May 2010 07:30:22 GMT

Got to love it.

Congrats!

Re: $5K Approved!!!

Anonymous — Sat, 22 May 2010 09:27:35 GMT

congrats on the new CC and high CL, CU are always a great way to apply for credit. also glad they recommended on applying for a CC since it saved you a another inquiry

Re: $5K Approved!!!

Marv94 — Thu, 27 May 2010 00:12:19 GMT

I would use the Orchard Card sparingly (once a month tops) to keep it open; closing it could impact your Util %.

Which credit union gave you that 5K card?

P.S.---Congratulations!!

Re: $5K Approved!!!

Anonymous — Thu, 27 May 2010 02:35:38 GMT

Congrats!

Same thing happened to me too...well, I actually got an auto loan instead of refi. They offered me a CC for $5K. This is my 1st credit card over $1K!

Re: $5K Approved!!!

bakalao2k — Fri, 28 May 2010 05:14:48 GMT

Congrats!!

Re: $5K Approved!!!

Anonymous — Fri, 28 May 2010 12:14:52 GMT

FREE MONEYS!!!!!!

(j/k)

congrats

Re: $5K Approved!!!

tbque — Sat, 29 May 2010 00:11:52 GMT

Congrats NikkiD!

Re: $5K Approved!!!

Anonymous — Sun, 30 May 2010 16:03:13 GMT

Thanks everyone! @Ficonewbie this is also my first cc over 1K limit. @Marv it's through VACU.