Opinions on PenFed needed...

[ryllz75]

So need your guys opinion..

Called PenFed and for now they told me that they want to see how i will use the Promise card with a 21k limit in the next 6 months before they extend additional approval for the PLOC.  They did offer to allow me to either take 5k or 10k from the 21k cl and put it into the PLOC or the AMEX. 

What do you guys think?  is it better to have the Promise CC with 21k limit or having 2 tradelines reporting either the Promise and Amex or Promise and PLOC with 15k/6k split respectively?  Im thinking what would look better in my report to help increase the score down the road...

[Kenny]

Doesn't matter which way either of them report, to me. You either need a LOC or you don't. You'll probably want to keep a 21k CL, however one never knows if they will ever be approved with PenFed, so who the heck knows?! lol PenFed must love you! My guess is that your annual salary is quite large? 6 figures, at least? They seem to value that for sure a heck of a lot more than credit history/scores.

Either way, congrats on your monstrous approval from PenFed!

[B335is]

Agree with Kenny, if you need the LOC go for it now by shifting that 21k limit. If not, wait it out 6 months and keep that nice 21k limit intact.

[ryllz75]

thanks all for the opinion... appreciate it...will keep the 21k CL then..  :-)