Credit Card Offer from Pen Fed - Approved 50k CL

[Shadowfactor]

Welcome to the fourms.....

With your given income and if you maintain strong assets you would qualify for Chase Private Banking which would allow you access to the JP Morgan Reserve which can have high CL's.

Bank of America is another Lender who will let you get close to 100K in credit lines for one card. A handful of people here have 99,xxx credit lines with BOA.

Amex certainly isnt shy with CL's either. You may have to provide POI but I believe that they would provide a substainial amount of credit as well.

Citi Chairman if still around came with fairly high credit lines as well I believe.

[Flex1]

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@Anonymous wrote:

Just had an email from Penfed who I have a savings account with (sometimes I even forget about the money being deposited into the account) and I applied for their Platinum VISA Rewards and they instantly approved a 50k CL which is the largest I have by a long shot. 

Saphire Preferred 18k

American Express Blue Cash 14k

Discover it Card 16k

Alaska Airlines 12.5k

+ 8 other cards with CL's under 10k

EFX Score according to Credit Karma is sitting @ 750 with 3% utilization and 100k invailable credit (between 12 open Cards!)

Homeowner 4+ years

31 Yeard old (not sure if this matters or not) 

75k Gross Monthly Income 

I have extensive credit history with over 40 accounts on my bureau - 22 inquiries on EFX in last 24 months.

I went ahead and applied for refinancing a used car I just purchased for 65k which they also approved instantly @ 3.74% which I believe is their best "new" refinancing rate (even though car has 9k miles and I'm the second owner)

I also applied for the PenFed Pathfinder card (why not right?) and they are reviewing the application so I'll circle back tomorrow once they're open to let you guys know if I also get that one approved. 

I'm not much of a poster here but I do frequent the site to see what's new and figured you guys could appreciate the massive approval. 

Let me know if anyone has any questions as I'm sure I've left out important details that may be important to some of you!

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Congrats on that top tier SL! Amazing... 

[seattlecredit08]

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@Anonymous wrote:
business financing broker.

I wish I could find a 100k CL but I don’t know a single bank that offers that kind of limit. My business cards (2 chase and 1 Amex) are all near 50k but those are business cards that do not report outside of my business bureau

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BIG, BIG Congats, @phorbes!!

Question if you don't mind-- by business financing broker, do you mean something similar to services such as Lendio, Kabbage, OnDeck Capital except running this on your own (the lead gen/sales part) and working with a network of funders?

Thanks!!

[AlpedHuez]

UNFCU also has a credit card that can go up to 100k limit.

[Anonymous]

Thank you!

And yes, although I’m in the equipment side of things. Construction / manufacturing equipment / trucks and trailers / etc

On deck and those other places you mentioned are more of the unsecured type of lenders.

If anyone is looking for a job, I’m hiring sales guys in Austin!

Seems like people are more interested in my line of work than they are talking about credit

[KingPredator]

This made me laugh 😂. Great approval and congrats in all the success.

[OakCliffTX]

Interested. Been a car industry for 6+ years. PM me if still available.

[Marz2002]

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@Anonymous wrote:
Thank you!

And yes, although I’m in the equipment side of things. Construction / manufacturing equipment / trucks and trailers / etc

On deck and those other places you mentioned are more of the unsecured type of lenders.

If anyone is looking for a job, I’m hiring sales guys in Austin!

Seems like people are more interested in my line of work than they are talking about credit

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I believe most of us are trying to figure out basically how to achieve $75K in monthly income.

And, by the way, CONGRATS on your MASSIVE SL with PenFed and WELCOME to the FORUMS!!!

[Anonymous]

Also, check First Tech FCU Odyssey Rewards. A few members have scored BIG with them.

BTW, Congrats on maxing out the PF limit on your first card.

[LittleSal]

Did PenFed ask for POI?