Wanting to app in waves so INQ's can age off together - I knew before the Cash+ defeat that a 2nd card was in the works from PenFed
I should have taken the Cash+ Black eye and walked away, I knew it was a wishful application, given I had no realtionship and my reports were not in the best condition for that particular (USBank) application.
I also knew I had SUB scoring expenses ahead so I wanted to try and accomplish something before I returned to the Garden.
When I emerge - Aug 2021 - ---> TU - [0/6, 0/12, 0/24] EQ - [0/6, 1/12, 0/24] EX - [0/6, 3/12, 0/24] 3 INQ in EX w/NO new accounts
DONT TRY THIS AT HOME - If I had not just paid off a 1yr loan early - This probably would have ended badly also.
EQ - HP 766 --- Internal score was 792 - 50% Util on DSC + Laptops was a -26pt swing on EQ
10K Approval @ 15.49% <----- This was the Lesson Learned
Had I waited until March all the Balances would be $0 & my rate would be much better!
Trade Off: Subs for Rate ---- $100 is not much of a Sub Victory Lap.
PROFILE:
AMEX 0/5400
FNBO 0/8500
Discover 2940/6000
Discover 0/5000
PPMC (Sync) 0/8500
Amz (Sync) 5400/8500 (Just bought 2 Laptops) ++ Accs
QS 0/6000
QS1 0/3000
PenFed Gold 0/10,000
PenFed 5000/15000 (BT bal)
NFCU - GO Rew 0/25000
NFCU - Plat 5000/23,400 (BT bal)
Prosper 10.0K/13.7K
PenFed 0/7500
Student Loan 4k/13.5K
CC Use/Limits: 18,300/125,800
Util: 14%
DTI: 14%
edit: EQ Score
Interesting point of view. Congratulations on your Penfed approval!
Good Stuff, congrats!
Starting FICO 8s | 06/2018: EX 601 ✦ EQ 605 ✦ TU 590
@Anonymous wrote:Wanting to app in waves so INQ's can age off together - I knew before the Cash+ defeat that a 2nd card was in the works from PenFed
I should have taken the Cash+ Black eye and walked away, I knew it was a wishful application, given I had no realtionship and my reports were not in the best condition for that particular (USBank) application.
I also knew I had SUB scoring expenses ahead so I wanted to try and accomplish something before I returned to the Garden.
When I emerge - Aug 2021 - ---> TU - [0/6, 0/12, 0/24] EQ - [0/6, 1/12, 0/24] EX - [0/6, 3/12, 0/24] 3 INQ in EX w/NO new accounts
DONT TRY THIS AT HOME - If I had not just paid off a 1yr loan early - This probably would have ended badly also.
EQ - HP 766 --- Internal score was 792 - 50% Util on DSC + Laptops was a -26pt swing on EQ
10K Approval @ 15.49% <----- This was the Lesson Learned
Had I waited until March all the Balances would be $0 & my rate would be much better!
Trade Off: Subs for Rate ---- $100 is not much of a Sub Victory Lap.
PROFILE:
AMEX 0/5400
FNBO 0/8500
Discover 2940/6000
Discover 0/5000
PPMC (Sync) 0/8500
Amz (Sync) 5400/8500 (Just bought 2 Laptops) ++ Accs
QS 0/6000
QS1 0/3000
PenFed Gold 0/10,000
PenFed 5000/15000 (BT bal)
NFCU - GO Rew 0/25000
NFCU - Plat 5000/23,400 (BT bal)
Prosper 10.0K/13.7K
PenFed 0/7500
Student Loan 4k/13.5K
CC Use/Limits: 18,300/125,800
Util: 14%
DTI: 14%
edit: EQ Score
If you are talking about getting a better apr from Penfed with a better score, you might be dreaming. No one can predict which apr they get from Penfed and most people get their highest regardless of score. 15% is way better than their 17.99
Congratulations on your approval! Thank you for sharing the data points.
@Anonymous,
Did PenFed ask for POI with your 2nd card?
Good story, grats on your gold approval 
