Balance transfer card, chances for approval, CL --- need help

[Anonymous]

Sorry for the confusion, my mistake.

Total utilization ~ 15%

Highest on one card ~ 26%.

Also i would like to get some information about my original questions.

[creditwherecreditisdue]

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@Anonymous wrote:

Sorry for the confusion, my mistake.

Total utilization ~ 15%

Highest on one card ~ 26%.

Also i would like to get some information about my original questions.

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In spite of your slightly changed response if am going to give you exactly the same answer I did before:

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@creditwherecreditisdue wrote:

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@Anonymous wrote:
Total ---  15%, highest util on a card ----9%(highest limit)

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If the above would be correct the only thing you could get flagged on is too much available credit for income. If you are willing to take that risk I would try it.

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Get your ducks in a row. Make sure your reduced balances are all reporting. Then app for membership and credit all at the same time. You have a decent shot at an approval.

[Anonymous]

Thank God, That's what I said after hanging up with penfed CSR.I did the exact steps mentioned above. Got the approval for 30K platinum Visa, just in time to use the 2.99 BT offer.

As a bonus I was able to refinance my 8 months old 7.5% car loan with penfed for 3.99%.

Thank God for the extra money I am saving. 

Looking forward to grow with penfed. 

BIG thanks to myfico gurus for their valuable inputs. 

[Cory]

WoW!

That was fast!

Congratulations!

And welcome to the Penfed family. However, I thought the balance transfer of 2.99% ended already?

Cory

[creditwherecreditisdue]

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@Anonymous wrote:

Thank God, That's what I said after hanging up with penfed CSR.I did the exact steps mentioned above. Got the approval for 30K platinum Visa, just in time to use the 2.99 BT offer.

As a bonus I was able to refinance my 8 months old 7.5% car loan with penfed for 3.99%.

Thank God for the extra money I am saving. 

Looking forward to grow with penfed. 

BIG thanks to myfico gurus for their valuable inputs. 

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You're welcome!

Congratulations on a very nice approval!

Message Edited by creditwherecreditisdue on 09-01-2009 05:27 PM

[haulingthescoreup]

Congrats on the BT! It looks like yesterday might have been the last day, as was posted a while back.

I noticed this morning that the BT offer is now 5.99% for life. Big difference!

[creditwherecreditisdue]

Yup, it ended just like it was supposed to. Gotta collect all the debris and save it until next May now. That is unless I sweep it into my last 0% BT offer (Citi) which expires in on 08SEP. I might be busy tomorrow...

[xchap]

wow thats great   i was denied because of high  utilization 50%.

eq score  756  

[creditwherecreditisdue]

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@xchap wrote:

wow thats great   i was denied because of high  utilization 50%.

eq score  756  

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By whom for what?

Is that a FICO score? Do you have a thin file or short history?

[Cory]

I have not been a long time PenFed card holder, but is the balance transfer a year around thing? What is the highest rate have anyone seen them offer a BT for?

Cory