Penfed Promise

[SecretAzure]

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@baller4life wrote:
I'm 45 and I have 2 inqs on TU and EQ and 6 on EX

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Okay you're about twice my age so I was way off. Lol. What were you attacking to get 6 on EX?

[baller4life]

Before I knew any better. 2 are Amex, 2 Crap One, Wells Fargo and BOA.

[SecretAzure]

Well we're all here to learn and then win! Beat our own personal goals and get better and managing these things!

[hot4u]

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@baller4life wrote:
Isn't it the amount of NEW accounts they look at for "pyramiding debt" as opposed to total available credit? I've seen peeps with $200/$300k available credit get approved

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I had over $200K in available credit with 16 EXp inquiries..Waisted alot on non useful cards then found this forum..

Thats when I realized it is a marathon not a sprint to raise your scores..

Was instant approval for Cash rewards.. put in $20.00 in money market.. Get 5% off each gas purchase..

same 90 days applied for promise - Got it..

First quarter was pre-approved for $15,000 Auto loan.. Didn't bite

Have to Admit of all my cards Promise is on top of my  A list.

Hopefully will never have to use it. But does give me a peace of mind.

As you can see My Fico score is not 800+

 

[baller4life]

Hot4u that's pretty awesome!!! Thank you for sharing!

[chalupaman]

I wish you the best of luck if you go for this card in a few months. I have a Penfed membership but got the whole Egyptian reason for denials before from them.

[baller4life]

Dang popa that's exactly what I was afraid of and why I'm gardening. How many new accounts do you have past 6 months?

[SecretAzure]

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@baller4life wrote:
Dang popa that's exactly what I was afraid of and why I'm gardening. How many new accounts do you have past 6 months?

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+1 Because I want to hear the answer to this question.

[BarryNTexas]

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@SecretAzure wrote:

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@baller4life wrote:
Dangpopa that's exactly what I was afraid of and why I'm gardening. How many new accounts do you have past 6 months?

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+1 Because I want to hear the answer to this question.

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Yeah Popa let us know your history prior to applying.

I did a quick check on my stats...  4 new accounts in last 6 months and 7 new accounts in last year.  

[chalupaman]

Pretty sure it was for the new accounts I had and perhaps maybe how many of them had balances at the time too. Didn't have that many EQ inquiries at the time. Probably 4-5. I'll look through my denial letter for more specifics.