After nothing new in a year and four months, I gave in and decided to "accept" the first "offer" I have had for a real CC. PenFed sent this via snail mail and also placed it in my offers within online banking in March. Having no new accounts reporting, and before I became an Egyptian, I decided to go for it.
DP's
Instant
SL $12,500 @ 17.99% (who cares, I pay in full)
729 EQ 09 HP on EQ
1 INQ in the last year, 2 overall
One major derog, a $10.7k unpaid CO nearly 7 years old (written off, paid the taxes 2 years ago)
DTI <7%
No POI, No Identity Verification
Member for 14 years, only savings and checking (This likely helped)
Income = $157k
Signed, Sealed but not yet delivered.
That's it for awhile... what a day. I more than doubled my total CL's today.
Congratulations on your approval!
@spiritcraft1 wrote:After nothing new in a year and four months, I gave in and decided to "accept" the first "offer" I have had for a real CC. PenFed sent this via snail mail and also placed it in my offers within online banking in March. Having no new accounts reporting, and before I became an Egyptian, I decided to go for it.
DP's
Instant
SL $12,500 @ 17.99% (who cares, I pay in full)
729 EQ 09 (no HP reported as yet, will edit if there was)
1 INQ in the last year, 2 overall
One major derog, a $10.7k unpaid CO nearly 7 years old (written off, paid the taxes 2 years ago)
DTI <7%
No POI, No Identity Verification
Member for 14 years, only savings and checking
Income = $157k
Signed, Sealed but not yet delivered.
That's it for awhile... what a day. I more than doubled my total CL's today.
Nice job . I think Penfed needs to be schooled on apr. They are horrible in giving most people, even with excellent credit atheir highest rate. Its very rare ive even read a low apr. Sure a pif person doesnt care but imagine get their low rate card and being hit with 16 or 17.99 apr. Not cool. Ah well, an approval is an approval even if it is Penfed😁
@AverageJoesCredit wrote:
@spiritcraft1 wrote:After nothing new in a year and four months, I gave in and decided to "accept" the first "offer" I have had for a real CC. PenFed sent this via snail mail and also placed it in my offers within online banking in March. Having no new accounts reporting, and before I became an Egyptian, I decided to go for it.
DP's
Instant
SL $12,500 @ 17.99% (who cares, I pay in full)
729 EQ 09 (no HP reported as yet, will edit if there was)
1 INQ in the last year, 2 overall
One major derog, a $10.7k unpaid CO nearly 7 years old (written off, paid the taxes 2 years ago)
DTI <7%
No POI, No Identity Verification
Member for 14 years, only savings and checking
Income = $157k
Signed, Sealed but not yet delivered.
That's it for awhile... what a day. I more than doubled my total CL's today.
Nice job . I think Penfed needs to be schooled on apr. They are horrible in giving most people, even with excellent credit atheir highest rate. Its very rare ive even read a low apr. Sure a pif person doesnt care but imagine get their low rate card and being hit with 16 or 17.99 apr. Not cool. Ah well, an approval is an approval even if it is Penfed😁
I agree, it could be very damaging. Especially mind boggling is that the prime rate is at historic low levels and interest rates on some CC's is still crazy high.
I have never in my life had a sussesful actual "spree". Luckily I have mostly unshakable lenders and am not chasing Chase. I will have 4 new accounts hitting my reports at once. Ah well, by fall I should be golden.
You have run the CUs today, grats on this approval as well 
