Joining the PenFed PCR club :) Approved for $17.5... - Page 2 - myFICO® Forums

Vu · ‎09-01-2020

@Credit4Growth wrote:
Congrats Vu!👍
1/12 is one one revolver in the last 12 months

Thank you .

What's the benefit of only getting one revolver in the last 12 months? Haha, I am so confused.

Edit: Nevermind, after searching what Cash Plus is. Apparently, it is a card that issue by US Bank and I suppose the requirement for this card is no new credit card in the 12 months period?

M_Smart007 · ‎09-01-2020

@Vu wrote:
@Credit4Growth wrote:
Congrats Vu!👍
1/12 is one one revolver in the last 12 months
Thank you .
What's the benefit of only getting one revolver in the last 12 months? Haha, I am so confused.

@Vu .. The benefit is that US Bank might approve you!

They only want to see 1/12 or it would most likely be a denial. (US Bank is a little on the conservative side)

Have seen denials for 2/12.

Vu · ‎09-01-2020

@M_Smart007 wrote:
@Vu wrote:
@Credit4Growth wrote:
Congrats Vu!👍
1/12 is one one revolver in the last 12 months
Thank you .
What's the benefit of only getting one revolver in the last 12 months? Haha, I am so confused.
@Vu .. The benefit is that US Bank might approve you!

They only want to see 1/12 or it would most likely be a denial. (US Bank is a little on the conservative side)
Have seen denials for 2/12.

Thank you.

Credit4Growth · ‎09-01-2020

@Vu wrote:
@blindambition wrote:
@Vu wrote:
@blindambition wrote:
Congrats on the approval!! Nice SL! 🥳
All these posts have my fingers itching to take my shot at PF.... Gotta be a good boy!! 😇
I thought about it for a few weeks and it got the better of me
I have to wait 9 months to be 1/12 for Cash Plus. Hopefully PF is still feeling generous then.
Forgive my ignorance. What is 1/12?

@Vu He is trying to acquire the US Cash+ from USBANK which is very inquiry sensitive. USBank tends to deny those individual who apply for their card with more than 1 inquiry within the last 12 months. That is there prerogative.

So if @blindambition applied with PenFed right now and was approved then he almost certainly would be denied for a CC with USBank, any time within 12 months of the PenGed approval.