Do I try a new app on PenFed or not?

[Anonymous]

I'm in no need of new credit, but just want to move my banking needs to PenFed. I got approved for the Platinum Rewards Visa and got a LOC within the last 4 days, do you think it's to much to apply for the amex now? I just want to keep my BOA cards in a drawer and don't use them anymore. The point where I am now, is what can think PenFed about the new app. and if they decline it, can it be negative for our "relationship"? Thanks for your help,

[SecretAzure]

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@Anonymous wrote:

I'm in no need of new credit, but just want to move my banking needs to PenFed. I got approved for the Platinum Rewards Visa and got a LOC within the last 4 days, do you think it's to much to apply for the amex now? I just want to keep my BOA cards in a drawer and don't use them anymore. The point where I am now, is what can think PenFed about the new app. and if they decline it, can it be negative for our "relationship"? Thanks for your help,

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I'm so confused by your post. Are you trying to get in with PenFed or in with Amex? Who gave you a PLOC? 

What do your FICO scores look like and can your AAOA hold up now that you have 2 new accounts?

[Anonymous]

I'm already with PenFed and I got the LOC and Visa with them. M'y AAoA is at 1.5years so not sure if it will change a lot...

[Anonymous]

My score with Experian is 738, no baddies ever. not sure if this is the fico score

[Anonymous]

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@Anonymous wrote:

I'm in no need of new credit, but just want to move my banking needs to PenFed. I got approved for the Platinum Rewards Visa and got a LOC within the last 4 days, do you think it's to much to apply for the amex now? I just want to keep my BOA cards in a drawer and don't use them anymore. The point where I am now, is what can think PenFed about the new app. and if they decline it, can it be negative for our "relationship"? Thanks for your help,

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Yes, you should apply for another one if you want it.  Penfed uses the same hardpull for 90 days and applying for another card is not seen as a negative in your relationship.  Keep us posted on results on when you apply.

[SecretAzure]

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@Anonymous wrote:

I'm already with PenFed and I got the LOC and Visa with them. M'y AAoA is at 1.5years so not sure if it will change a lot...

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1.5 years is your AAOA before the LOC and Visa? Adding another card might put you under a year but do whatever Yes-Its-Me says because he is more experienced with such things lol.

[Anonymous]

My AAoA (with my math) will be 1.1year(S?) withthe new cards. I guess I will apply and see how it goes.

[Anonymous]

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@Anonymous wrote:

My AAoA (with my math) will be 1.1year(S?) withthe new cards. I guess I will apply and see how it goes.

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Let us know the end result..

[Anonymous]

Pending now...

[Anonymous]

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@Anonymous wrote:

Pending now...

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Keep checking through out the day as the status will change.  Will keep fingers crossed for you.