apevia

Its back up now

Thanks all! And I tried to get an increase on my other USAA matercard but they said they needed to pull my report again for that (hard pull). I guess they have a new policy that each time a CLI is request they must pull hard for each account. Doesn't really make sense as my CR is not going to change in 2 minutes between requests. Is there anyway around this do you think? I am not sure if they will even increase it that's why I don't want another hard (they already gave me $2500 more yesterday) and I don't think they will give me more than $6000 credit at my age/limited credit history. As discover and AE come up tho their 6mo/61day histories, I will request CLI then. Will I run into having to much available credit when I go to apply for a home loan in 4/5 years? Or if I PIF every month will I be ok? Thanks again CB! My overall credit has increased $10,000 since I joined CB! I now have 17,500 in credit available. I think that is great for my age! :clapping:Couldn't have done it without you guys and your advice!

I am only 21 and trying to build my credit. So, from my last topic I joined PenFed last Friday...and as long as I was on the phone with them I decided to apply for the Platinum Cash Rewards Visa card. I got the 24-48 hour message...I knew this wasn't good. Not even 15 minutes later, it was turned down for "limited credit experience/history" -- that it was the exact reason people on this board told me I would be turned down before I applied. The original request was for $7,000 and that was an automated amount they put in there based off my income, I guess. I called them the next day and asked politely where to send a recon letter. The rep explained that I don't have a chance unless something changed on the credit report since, like a baddie removed or something...I asked if I could do it anyway and she said yes. So I started typing and one full page later (in the format they sent the denial letter) I faxed it in hoping for the best on Monday. I told them I knew I was new to credit and wanted to prove I can manage myself if they just let me stick my foot in the door with a small CL. That afternoon they resubmitted the app...and before you know it, it said Pre-Approval based on incone verification or something like that. So I faxed in last 2 pay stubs and 2 days later, today they APPROVED me I start with a $1,500 credit line, more than the minimum and am just glad I got my foot in the door! Not sure how my letter got through for them to approve me but I am so happy Also, USAA and Navy Fed bumped my CL up. I went on NavyFed website and plugged $3,500 in as that was my highest current card and they gave it to me right away without a hard pull! USAA pulled hard and bumped to $1000. I called back 2 hours later and asked to speak with an underwritter to see if I could get higher. After speaking with the underwritter, she said that the system automatically doubles it at that amount and the underwriter reviewed my report personally and gave me a $3000 CL Navy Fed Cash Rewards Card - 8 MO - $500 --> $3500 USAA Platinum Mastercard - 1 YR 6 MO - $500 --> $3000 USAA Platinum Mastercard - 1 YR - $3000 Discover Card - 3 MO - $3500 American Express Blue Cash Everyday Card - >1 MO - $3000 PenFed Platinum Cash Rewards Visa - NEW - $1500 I am satisfied for what I have for now. I have the cards that I want and have great reward options to use on almost any type of purchase using different cards. Today was a great day! Thanks CreditBoards!

I have two credit cards through USAA, both platinum mastercards. Does anyone know if I will be able to request a CLI on both cards with one hard pull or will they each need seperate? Thanks, Joe

Safe to apply for PenFed card? I really want that 5% gas cashback card at least...I have also read multiple times on here that PenFed likes to see zero's when they review an app...that's the only reason I have it that way...Normally I have 14% or so, not often higher than that and I have always PIF for everything.

So I have been reading on CB a lot and have had many things going through my head. I have posted a few times but have been reading for months. Here is what I currently have... Navy Fed Cash Rewards Card - 8 MO - $0/500 USAA Platinum Mastercard - 1 YR 6 MO - $0/500 USAA Platinum Mastercard - 1 YR - $0/3000 Discover Card - 3 MO - $0/3500 American Express Blue Cash Everyday Card - >1 MO - $0/3000 My AE card is not yet reporting as it is still new, I have about a week and a half until it hits my report. All of my cards are showing $0 right now. My oldest card is 1.5 years with the AAOA is 0.9 MO I primarily want a PenFed Platinum Rewards Card and that is my primary goal. I figured as long as I apply for that I will try for a CLI on both my USAA and my Navy Fed Card. What do you think I should ask for an increase for on those cards to have a chance? What other cards would be worth having? Suggestions would be great. How many should I apply for? Should I stop if I somehow get denied 3 or 4 times in a row? I want to build high credit lines for myself while I am young so I can have them in a few years just in case. When 2 years passes and the inquirys drop off my report, is that the end of them? As in my CR goes back to as if I never had them and they no longer effect my score? Thanks in advance

So, what you do guys think my approval odds are of the PenFed Platinum Rewards Card? Here are my stats: Navy Fed Cash Rewards Card - 8 MO - $0/500 USAA Platinum Mastercard - 1 YR 6 MO - $0/500 USAA Platinum Mastercard - 1 YR - $0/3000 Discover Card - 3 MO - $0/3500 American Express Blue Cash Everyday Card - >1 MO - $0/3000 On here I have learned and been told from members that PedFed loves to see zero's....I paid everything off. I am just waiting for the various cards to report the balances to the CRA's and then im going to give it a shot. My AE card is so new that it isn't on my CR yet. Should I wait for it to report as a new account before I apply or should I apply before it reports as a new account? MY AAOA is 10MO now but will drop once AE reports. I also have no auto/personnel loans Thanks, Joe

So I have 2 credit cards through them and have contacted them several times over the past month to see about an auto increase. The most recent answer I got was from one of the supervisors and she said accounts are reviewed usually once every 3 years or around the expiration date of the card. Does anyone know from experience if this is true?? If so I will have to wait 2 more years just for my account to be "reviewed"! This sounds crazy to me... Anyone have any luck with them to do an CLI automatic quicker? Thanks, Joe

Congrats! I hope my AMEX Blue Cash gets an increase that quickly!

Thank you both! As I do not know when my discover card reports to the CB's, I will keep it at a 0 balance for the next month and will pay my USAA cards off completely at the first of May so they will report 0. And my Navy Fed is already a 0 so I won't have to worry about that. When I see 0's accross the boards, I will apply! Probably mid-next month! Thank you again, I will keep you updated!

And one last question about PenFed...If I apply with them and get approved I can let my credit cards mature all at once which will bring up my AAOA pretty quickly rather than applying in a year or two and bringing that down..I think it's a good idea but I don't have experience! Suggestions?

Yikes, for 6 pulls I hope you got approved for both! Did you request that they use the 1 pull for both apps?

I applied for an AMEX Blue Cash Everyday Card 2 days ago and checked my credit monitoring that I have through USAA today and it says they pulled a hard inquiry from all 3 (TR EQ EX)...is this normal? My other applications have just pulled from one of them...

I think I will give it a shot once I am at my one year mark with the card, come July. That should hopefully make it look a little better. That is unless they automatically bump me before then! I have the cash rewards now but don't use it. Should I try converting the card? Will that pull an inquiry? When I say I don't use it, I really don't. I just keep it alive at around $10 a month and always pay it off like my other cards. Not sure if I will have a better chance at getting an automatic increase if I changed it to another one of their cards. I started off just like you years ago. Be patient with USAA. They will come around. They are just shy with those that have a young AAOA. When the lending practices were easier back in 2003. The USAA platinum cards had a max CL of 35k, but they are now 30k. I was an E-4 and they gave me between $7,700-$10,000 CL with USAA. My scores were high though and I was 20 or 21 then. Don't ask me how it was in the 760 range. I didn't think it was possible then, but that's what I was told back then and I had an extremely easy time obtaining new accounts with the major CU's. I never pulled my own credit scores though. They were typically told to me when applying. Play the credit game and they will take care of you. PenFed, NFCU and Service CU all gave me big limits compared to my income back then. Now they seem to be a bit more reserved, but I did all of my banking with USAA just like you and had a card with PenFed who if I recall gave me a CL of 15k back then after I hit the XX,XXX threshold and Service CU who gave me a nice CL of 8k or so back then. I didn't get with Navy until I was on my way out. I won't say that PenFed is a hard card to get, but they do have tighter practices and typically ask for a lot more information than USAA or NFCU. PenFed is my highest CL along with NFCU not including my AMEX Platinum which I'm not sure what it is. When you feel confident give PenFed a try, but only do it if you have all accounts paid off and reporting as such. That will give you clout. PenFed was softing me almost monthly when I carried a big balance and gave me a CLD back in the day 2008ish from 30k-27.5k being they viewed me as being high risk though I never paid a bill late in my life. I had like 100k showing on my cards when I had a total CL of 120k or so. So you get the point on what they view as risky. I waited until I had a zero balance and requested a CLI and went from 27.5k - 45k after they reviewed my last 3 pay stubs. PenFed is great for those that don't take risks. Best of luck! As credit lines and income are thrown around on here I will say that I have a 38,000 per year income. My total credit line now is 10,500. Do they look at how much credit you have with others when they look at increases? Now, the first question that comes to mind if I go to open with PenFed is how many cards is too much. I have 5 now. I am very good at only spending what I can afford and never have/will pay interest on any cards. By you mean all account paid off do you just mean statement balances paid off before the due date or do you mean strictly $0 on each card? The statement balances is not difficult as I already have that. I have enough to zero out all my cards right now and can do that before I apply for that card. Thanks all for your continued responses

Anyone have any insight on my previous post? Anything is appreciated