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I recently have been on the fence about requesting a CLI from PenFed ( SL $12.5k 15 months ) on my Power Rewards. Late Tuesaday night, I bit the bullet and applied via their web site. I hit submit and seemed like forever to me anyways, but in reality was 20 seconds then I get the " Congratulations" ...blue screen of death and computer had to reboot. Waited until this morning to call and inquire as to current limit as it still did not show up on my account page. CSR told my that I my new limit was $40k. I was stunnned and had to pinch myself and re-asked are you sure. CSR was laughing now and told me that my APR also went down to 12.9 and asked if I wanted to do a balance transfer with no transfer fee ( good for 30 days ). I happy as could be and off to a hopefully a good season for CLI across the board. DP's are about 775 across the major bureaus. This card I also have my entire family on as AU ( no extra fee for this )
I guess it was a HP on EQ? I presume it didn't ask how much of a CLI you wanted
due to the 40K shocker. Congrats!
@Anonymous wrote:I recently have been on the fence about requesting a CLI from PenFed ( SL $12.5k 15 months ) on my Power Rewards. Late Tuesaday night, I bit the bullet and applied via their web site. I hit submit and seemed like forever to me anyways, but in reality was 20 seconds then I get the " Congratulations" ...blue screen of death and computer had to reboot. Waited until this morning to call and inquire as to current limit as it still did not show up on my account page. CSR told my that I my new limit was $40k. I was stunnned and had to pinch myself and re-asked are you sure. CSR was laughing now and told me that my APR also went down to 12.9 and asked if I wanted to do a balance transfer with no transfer fee ( good for 30 days ). I happy as could be and off to a hopefully a good season for CLI across the board. DP's are about 775 across the major bureaus. This card I also have my entire family on as AU ( no extra fee for this )
Super Congrats on your PenFed PCR CLI!!!
Wow. I know how you feel. I had to rub my eyes and make sure
I wasn't misreading what you wrote. And I'm not even the one
who got the CLI. You are!!! Right on time for the holidays. Well done!!!
BTW, I didn't see any other data points besides your FICO High Achiever (760+)
scores across the board. But if you have any interest in Chase cards, think about
the Chase Sapphire Reserve. All things being equal, their baseline requirement
is to already have at least 1 card with a minimum $10,000 limit. You've got that
covered by a factor of 4, so I wouldn't be surprised if Chase comes close to
matching that same 40k CL if not exceeding it. Just some food for thought.
Congrats again on your jaw droppingly massive CLI. Thanks for sharing!
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |