@AverageJoesCredit wrote:
@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 @Anonymous on your PenFed Approval! That's great!! With the Gold being the card with their lowest APR offered....I would think that there's an opportunity in the future to adjust your APR and @AverageJoesCredit may be much more in the know than I am..but when I got my Gold Card this summer, I got their lowest rate at approval.
Congratulations @Anonymous on your PenFed Approval! That's great!! With the Gold being the card with their lowest APR offered....I would think that there's an opportunity in the future to adjust your APR and @AverageJoesCredit may be much more in the know than I am..but when I got my Gold Card this summer, I got their lowest rate at approval.
I remember that approval, you became my new Hero that day! 
I have faith I can work it lower over time. No option really.... Cant combine and close anymore...
I called the play, now I just gotta make a little lemonade for a minute or two.
Hit Cabela's today to spend the last of my rewards.... Its gonna feel nice to start to close some of the rebuilders finally!
Thanks for the kind words!!
