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Upgrade 1.5% CB Visa PLOC--$35k @ 9.97%...

Credit-hoarder
Valued Contributor

Upgrade 1.5% CB Visa PLOC--$35k @ 9.97%...

I only wish Sofi MC would have been as generous with the SL a week ago when I app'ed for them Smiley Frustrated. I have a very sizeable real estate tax bill that needs to be paid and this card makes paying it a perfect fit since it reports as an installment loan. I have one more payment left on my Penfed loan and wanted an installement loan to remain on my reports so my score won''t tank too bad once it (Penfed) falls off. Haven't been notified of a HP yet but will update with that info when available. UPDATE 4-5-21 at the end of the thread.

BUSINESS
Rewards Pts.-Miles: UR-MR-TYP-Venture
Message 1 of 18
17 REPLIES 17
AllZero
Mega Contributor

Re: Upgrade 1.5% CB Visa PLOC--$35k @ 9.47%...

Congratulations on your approval!
Message 2 of 18
Credit4Growth
Valued Contributor

Re: Upgrade 1.5% CB Visa PLOC--$35k @ 9.47%...

Congratulations on your new Upgrade approval!  👍 

|| DTI 8% || Mortgage Scores: EQ724, Tu694, EX726 ||
Inquiries: EQ/TU/EX (0 / 2 / 1) - 0/6 - 0/12 - 3/24 ||


Next App on the list is ???
Last apps: (2) August 18, 2019
Garden goal - Unknown date, 2021
Going for Sapphire spade - May 18th 2021

Dirty/ Thick/ Aged/
Message 3 of 18
gdale6
Moderator

Re: Upgrade 1.5% CB Visa PLOC--$35k @ 9.47%...

Excellent SL, grats on the it Smiley Happy

Message 4 of 18
CreditAggie
Super Contributor

Re: Upgrade 1.5% CB Visa PLOC--$35k @ 9.47%...

Congratulations on your Upgrade approval!

Current Cards (in order of approval):


Current FICO 8 | 9:

Credit Age:

Inquiries (6/12/24 month):


Banks & CUs:

Goal Cards:



Message 5 of 18
coreyb80
Senior Contributor

Re: Upgrade 1.5% CB Visa PLOC--$35k @ 9.47%...

Congrats on the approval!

Message 6 of 18
4sallypat
Established Contributor

Re: Upgrade 1.5% CB Visa PLOC--$35k @ 9.47%...

Congrats!

 

Can you tell us if there is an origination fee (LOF) when you first put a charge on your installment loan ?

 

Is there a reason why you chose this 1.5% instead of their 3% rewards PLOC ??

Message 7 of 18
Namaste7
Established Contributor

Re: Upgrade 1.5% CB Visa PLOC--$35k @ 9.47%...


@4sallypat wrote:

Congrats!

 

Can you tell us if there is an origination fee (LOF) when you first put a charge on your installment loan ?

 

Is there a reason why you chose this 1.5% instead of their 3% rewards PLOC ??


Per the website: "There are no fees to open the line, no annual fees, no fees to make a transaction, no late fees, and no prepayment penalties."

~~MMXX~~
2022 Goal$: Financial Independence (FI)
Message 8 of 18
M_Smart007
Epic Contributor

Re: Upgrade 1.5% CB Visa PLOC--$35k @ 9.47%...

Congratulations on your approval! ...

Message 9 of 18
Credit-hoarder
Valued Contributor

Re: Upgrade 1.5% CB Visa PLOC--$35k @ 9.47%...


@Namaste7 wrote:

@4sallypat wrote:

Congrats!

 

Can you tell us if there is an origination fee (LOF) when you first put a charge on your installment loan ?

 

Is there a reason why you chose this 1.5% instead of their 3% rewards PLOC ??


Per the website: "There are no fees to open the line, no annual fees, no fees to make a transaction, no late fees, and no prepayment penalties."


Thanks! I saw the thread about 3% version and all of the catergories it covers--but couldn't find the link to apply. Besides this card is not going to see a lot of usage anyway and 1.5% is better than no rewards at all (albeit not a lot better). And with the 3% card my approval credit line and APR  may or may not have been as good--so I took the pre-qualify of $35k with the 9.97% APR which was more than satisfactory for my needs  while it was staring me in the face.

BUSINESS
Rewards Pts.-Miles: UR-MR-TYP-Venture
Message 10 of 18
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