PenFed CLI $25,000

[Anonymous]

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@Anonymous wrote:

@Anonymous NFCU & PenFed were top on my list after reading a lot about them on the forum. NFCU I can't find a way in but most of the posts aboutt them are stellar. PenFed's HP policy is really unique. Since my HP expires soon I'm probably done with them for a bit. Had a very very big year. went from $3500 between 2 Capital One cards on Dec 31 2015 to $150,000 between 14 cards just a year later! Lots of new accounts so I'm focused on growing these limits and increasing my AAoA.

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Thanks for that info cashcorp1,

My oh my you have really grown you CLs nicely.  I am so tempted to come out of the garden, but trying my darndest to not do so.  I may or may not stay in the garden until 12/2017.  If I were to wait until then, then the last of my recent accounts will have aged to 2 years and all pulls will have fallen off my reports.  Right now I have 6 pulls on my EQ, and all of which are over a year old- and some of which are almost 2 years old in a few months.  All other pulls are no longer on either my TU or EX reports as the few at the time that I had have already fallen a while back.

[Anonymous]

That is some serious restraint with a lot of the offers that have been available this year...just depends on your needs are and if a new card would fill a need. PenFed's rates are great on their card products and the rewards program is very strong (my opnion) + the 0% offer for 12 months is pretty darn good. I was at 10+ HP's on my EQ report all from this year when I applied back in September. I feel fortunate that it worked out the way it has for me, planned it out...when I would request the increases etc...knowing that 1 HP was basically equal to 4 potential credit line increases (1 new account + 3 CLI's) before the HP expired.

[Anonymous]

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@Anonymous wrote:

That is some serious restraint with a lot of the offers that have been available this year...just depends on your needs are and if a new card would fill a need. PenFed's rates are great on their card products and the rewards program is very strong (my opnion) + the 0% offer for 12 months is pretty darn good. I was at 10+ HP's on my EQ report all from this year when I applied back in September. I feel fortunate that it worked out the way it has for me, planned it out...when I would request the increases etc...knowing that 1 HP was basically equal to 4 potential credit line increases (1 new account + 3 CLI's) before the HP expired.

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Yeah a 0% offer for 12 months would be great right about now.  I have my eye on a camera and 12 months would give me plenty of time to pay it off before the 0% period is over.  But I am really trying hard to exercise the restraint like you said ;-)  Do I need a nice shiny DSLR, no.  But I do certainly want one! ;-)

I do agree also that it is good to be strategic about things- especially HPs.  And the way you planned yours out is an awesome strategic play indeed!

[NYFan63]

Congrats OP!  That's a nice SL!