topic Re: AMEX or PSECU? in Credit Cards

AMEX or PSECU?

LS2982 — Sat, 24 Dec 2011 23:09:39 GMT

My last INQ on EX was 10/16. I've decided to wait until 5/1 to try for a prime card. It's either going to be AMEX or PSECU.

Which one should I go for? I'm hoping I can get ride of this paid lien by then but if not I may just hold off. All my other stats are clean no baddies, 2% util most accts will be close to a year history.

Re: AMEX or PSECU?

Anonymous — Sat, 24 Dec 2011 23:11:57 GMT

AmEx imo.. Better for the long run. PESCU has a nice APR and limits though.

Re: AMEX or PSECU?

LS2982 — Sat, 24 Dec 2011 23:15:02 GMT

@Anonymous wrote:
AmEx imo.. Better for the long run. PESCU has a nice APR and limits though.

I'm only gonna try for 1 of them. That 2.9% APR PSECU offers is sweet but APR wouldn't be necessary with AMEX cause I would try for the Zync (I dont think they'll approve me for a revolver)

I dunno. I'm leaning towards PSECU, I want a solid relationship with this credit union. I just started doing my normal banking with them friday.

Re: AMEX or PSECU?

Anonymous — Sat, 24 Dec 2011 23:20:53 GMT

@LS2982 wrote:
@Anonymous wrote:
AmEx imo.. Better for the long run. PESCU has a nice APR and limits though.
I'm only gonna try for 1 of them. That 2.9% APR PSECU offers is sweet but APR wouldn't be necessary with AMEX cause I would try for the Zync (I dont think they'll approve me for a revolver)

I dunno. I'm leaning towards PSECU, I want a solid relationship with this credit union. I just started doing my normal banking with them friday.

If thats the case, I'd go for PESCU. But you never know in the future if you can pick up a revolver just to have it when your scores go up.

Re: AMEX or PSECU?

LS2982 — Sat, 24 Dec 2011 23:22:47 GMT

@Anonymous wrote:
@LS2982 wrote:
@Anonymous wrote:
AmEx imo.. Better for the long run. PESCU has a nice APR and limits though.
I'm only gonna try for 1 of them. That 2.9% APR PSECU offers is sweet but APR wouldn't be necessary with AMEX cause I would try for the Zync (I dont think they'll approve me for a revolver)

I dunno. I'm leaning towards PSECU, I want a solid relationship with this credit union. I just started doing my normal banking with them friday.
If thats the case, I'd go for PESCU. But you never know in the future if you can pick up a revolver just to have it when your scores go up.

Im really concerned about the lien, I would have had that Discover More card if it wasn't for the lien that was the only reason. I'm gonna hold off it I cant get it removed by 5/1. I want an APPROVAL for a prime card no more denials!

Re: AMEX or PSECU?

Anonymous — Sat, 24 Dec 2011 23:28:51 GMT

Hehe ^-^ I can understand that.. Although I've never heard the word "Denial" from a credit card company (yet). I hope to never hear that but *shrug* I know AmEx is pretty picky when it comes to too many accounts. I took a risk of applying there just for the backdating puropses in the future.. (And the 3% on groceries..)

Re: AMEX or PSECU?

LS2982 — Sat, 24 Dec 2011 23:30:03 GMT

@Anonymous wrote:
Hehe ^-^ I can understand that.. Although I've never heard the word "Denial" from a credit card company (yet). I hope to never hear that but *shrug* I know AmEx is pretty picky when it comes to too many accounts. I took a risk of applying there just for the backdating puropses in the future..

Yea they gave me a list to work on with the Zync denial but Ill have 4 of 5 done it mentioned the collection or lien as a reason the collection is gone. I dunno....Id reather be safe than sorry.

Re: AMEX or PSECU?

Anonymous — Sat, 24 Dec 2011 23:30:24 GMT

If you get the lien off I would start with a Zinc once it's gone. Start your banking relationship with Penfed friday and and start your Amex once your clean and you can have both someday.

I'm holding off Penfed for about 12 months myself. I just opened Alliant, and DFCU this year so really can't afford to have a 6th checking account so soon lol

Re: AMEX or PSECU?

quest208 — Sat, 24 Dec 2011 23:31:18 GMT

May is also my "coming out" to apply party.
Those two are on my list along with many more lol

Re: AMEX or PSECU?

Anonymous — Sat, 24 Dec 2011 23:31:48 GMT

@LS2982 wrote:
@Anonymous wrote:
Hehe ^-^ I can understand that.. Although I've never heard the word "Denial" from a credit card company (yet). I hope to never hear that but *shrug* I know AmEx is pretty picky when it comes to too many accounts. I took a risk of applying there just for the backdating puropses in the future..
Yea they gave me a list to work on with the Zync denial but Ill have 4 of 5 done it mentioned the collection or lien as a reason the collection is gone. I dunno....Id reather be safe than sorry.

Thats nice that they would offer a list. I really don't understand the pull of the Zync card though... Its rewards program looks pretty :\ for having an AF.. Even if its only $25, but then you start adding packs and then.. Yeah..

Re: AMEX or PSECU?

CS800 — Sat, 24 Dec 2011 23:32:03 GMT

@LS2982 wrote:
My last INQ on EX was 10/16. I've decided to wait until 5/1 to try for a prime card. It's either going to be AMEX or PSECU.

Which one should I go for? I'm hoping I can get ride of this paid lien by then but if not I may just hold off. All my other stats are clean no baddies, 2% util most accts will be close to a year history.

From experience, PSECU doesnt like to see baddies. I have a paid charge off that's 5 years old and PSECU denied my CC app back in August.

That's the only reason they gave me. Spoke to a supervisor and she said if I didnt have this charge off (despite being paid), she would have approved my CC application.

Although I have heard of people with derogs like mine getting approved.

AMEX seems the way to go; first becasue it's the prime of the prime and secondly for backdating.

Re: AMEX or PSECU?

Anonymous — Sat, 24 Dec 2011 23:33:12 GMT

@Anonymous wrote:
If you get the lien off I would start with a Zinc once it's gone. Start your banking relationship with Penfed friday and and start your Amex once your clean and you can have both someday.

I'm holding off Penfed for about 12 months myself. I just opened Alliant, and DFCU this year so really can't afford to have a 6th checking account so soon lol

PSECU is Pennsylvania State Employees Credit Union.

Just for future reference ^_^..

Re: AMEX or PSECU?

Anonymous — Sat, 24 Dec 2011 23:35:07 GMT

@Anonymous wrote:
@Anonymous wrote:
If you get the lien off I would start with a Zinc once it's gone. Start your banking relationship with Penfed friday and and start your Amex once your clean and you can have both someday.

I'm holding off Penfed for about 12 months myself. I just opened Alliant, and DFCU this year so really can't afford to have a 6th checking account so soon lol
PSECU is Pennsylvania State Employees Credit Union.

Just for future reference ^_^..

LOL I guess I need to read more closely. I can't join even in 12 months wish I could but I missed that boat.