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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?

Cards: Ample. Income: Adequate. Credit: Abundant.
INQs: Excessive. Last INQ: Look at the seedling.
2/6 | 3/12 | 11/24
AoOA: Adult. AoYA: Neonate twins. AAoA: 5ish?
All scores above 825. And falling ...

Laying in the gutter, wagon out of sight.


(unless Chase relents)
Message 1 of 7
6 REPLIES 6
Senior 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

$800K+ club
Message 2 of 7
Community Leader
Super 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
!
Message 3 of 7
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 732500 (606000 reporting) FICO 8 scores: EQ 715 TU 760 EX 735
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

Cards: Ample. Income: Adequate. Credit: Abundant.
INQs: Excessive. Last INQ: Look at the seedling.
2/6 | 3/12 | 11/24
AoOA: Adult. AoYA: Neonate twins. AAoA: 5ish?
All scores above 825. And falling ...

Laying in the gutter, wagon out of sight.


(unless Chase relents)
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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