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Maximizing aggregate credit - PenFed offer

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Super Contributor

Maximizing aggregate credit - PenFed offer

Greetings -

 

Joined PenFed in January -- PCR for 10K. Today I received an offer - increase the PCR to 17.7, or add a new card for 17.7 (Pathfinder Rewards Amex or Platinum Rewards Visa).

 

I have no interest in either of the latter cards but, from where I sit, a higher aggregate CL is better.

 

Anyone know if I'd be able to get the new card and, say, a year down the line, close it and migrate the CL to my PCR?

Message 1 of 7
6 REPLIES 6
Super Contributor

Re: Maximizing aggregate credit - PenFed offer

Are you sure the offer is increase the PCR 'to' $17.7K and not increase 'by' $17.7K?

 

This would be the first time I've heard of an offer that showed a different amount for a card already held vs one not already held.

(8/2019)
FICO 8 (EX) 793 (TU) 808 (EQ) 794
FICO 9 (EX) 822 (TU) 827 (EQ) 844

$900K+ club
Message 2 of 7
Community Leader
Mega Contributor

Re: Maximizing aggregate credit - PenFed offer

I believe its possible though you would most likely have to close the donor card and your cl wont be able to surpass the 25k limit they are now imposing on a single credit card.
#ChaseCreditCardHobby Enthusiast
2022
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Message 3 of 7
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Super Contributor

Re: Maximizing aggregate credit - PenFed offer


@expatCanuck wrote:

Greetings -

 

Joined PenFed in January -- PCR for 10K. Today I received an offer - increase the PCR to 17.7, or add a new card for 17.7 (Pathfinder Rewards Amex or Platinum Rewards Visa).

 

I have no interest in either of the latter cards but, from where I sit, a higher aggregate CL is better.

 

Anyone know if I'd be able to get the new card and, say, a year down the line, close it and migrate the CL to my PCR?


I have done it several times with PenFed. There was no problem.


Total revolving limits 639500 (558000 reporting)
Message 4 of 7
Super Contributor

Re: Maximizing aggregate credit - PenFed offer


@coldfusion wrote:

Are you sure the offer is increase the PCR 'to' $17.7K and not increase 'by' $17.7K?

 

This would be the first time I've heard of an offer that showed a different amount for a card already held vs one not already held.


Excellent question.  To me the text is ambiguous, and I may well have misinterpreted.  Let's see what happens.

pfOffer.JPG

Message 5 of 7
Super Contributor

Re: Maximizing aggregate credit - PenFed offer

Nice CLI. Congrats!

Message 6 of 7
Moderator

Re: Maximizing aggregate credit - PenFed offer

This thread is locked and closed to new messages.

The new thread can be found here:
https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Re-Maximizing-aggregate-credit-PenFed-offer/t...
Message 7 of 7
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