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Patelco...the monster thread!!!!

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Sorry I was not more clear............

Its a Loan that you can access via a credit card but it is a Loan.......I.E. you have access to the funds like any other loan. The account is listed as "visa gold" but you can withdraw funds from it at anytime, even the full amount.

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not sure,

since the first payment for everyone seems to be 24.00 I wouldnt think so...everyone has different limits. Mine is now 45k so I dont think 8.9 percent of 45k is 24.00. I think that might be a loan origination fee or something. I think you pay for what you use. It's a line of credit, almost like a heloc...You pay for what you use.

jl

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What scores do you have that they declined you, I have a friend that has around a 630 EX with no bads and a good paying history for at least two years, but she has some high limits on her CC that is drawing her scores down.. I dont want to tell her to apply and then get declined.. ha!

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Has anyone received their card from Patelco yet? If so how long did it take? Also I was approved for $5000.00 that is all I asked for. I make over $100,000.00/year was wondering if I could ask for a bigger limit at activation. Has anyone else tried this? My debt to income is really low - like 13%.

Thanks

Mack

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I am new to this forum. I have learn alot by reading all of your posted notes. Check this out. I join patelco about a week ago. I was approve for 10,000.00 visa and 5,000.00 mc. This is not a loan. I called patelco and the 24.00 amount is only for if you have a balance on your card. That is the min. payment you have to send in. No balance No payment. I am self employ. for three years. I trade stocks for myself. Also, i took out a car loan with atlanta postal credit union today. 60 months @3.95 interest rate. lamar EQ=569 EX=640 TU=660 today scores 8/23/04

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I'm going to stay up late tonight--one in the morning to call to Cali- and see why they denied me. They didn't give a reason. Maybe I asked for too much, but I have a few CO's but they are ALL paid. I'm just curious, if they deny me, no biggie. I was just hoping to get a card with a generous limit, not 500. But, beggars can't be choosers, so in time that will all come :)

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I am new to this forum. I have learn alot by reading all of your posted notes. Check this out. I join patelco about a week ago. I was approve for 10,000.00 visa and 5,000.00 mc. This is not a loan. I called patelco and the 24.00 amount is only for if you have a balance on your card. That is the min. payment you have to send in. No balance No payment. I am self employ. for three years. I trade stocks for myself. Also, i took out a car loan with atlanta postal credit union today. 60 months @3.95 interest rate. lamar EQ=569 EX=640 TU=660 today scores 8/23/04

Welcome! And please feel free to share your experiences with us!

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I haven't rcvd my card as of today so I called Patelco. They mailed my card on the 19th. The only thing I am curious about is that I only had to fax in a copy of my paystub. Not my drivers license, utility bill or anything else. So I'm wondering if they really mailed the card or what?

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I just logged on to the online website and transferred all the dough to my current checking account. It get's interest there and I can use my current credit/debit card to access the funds. I really didnt want to wait for patelco so I did that. I still havent recieved my card and it's been almost 3 weeks. They are slow, but now I dont care...the money's where I need it to be :) I just set up my bofa checking and transferred the money in, I made two transfers and cost about 2.00 each. Takes about 3-4 days but it all made it.

josh

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Havent got mine either. Called early this week and they said that I needed to send a copy of a utility bill IN ADDITION to the slew of crap Ive already sent!

First of all, they never even notified me that I was approved. I initiated it a week after I applied. :cool: Second, why didnt they contact me to let me know that they needed the additional info? I didnt find out until I again, initiated the contact.

I was having problems signing up to join the CU online so I did it via snail mail, they said that my account was set up last Friday.....still waiting for an account # and such so I can do something.

I really hope this isnt going to be the way they treat thier customers...maybe just me. :(

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I got my Patelco card in the mail today. Looks pretty good. Thanks for starting the thread Morrow!!!!!!!!!!!

Mack

Awesome! Im excited to see it. :D Mine should be around soon. I initially applied on the 6th. YES THE 6th!!! And still dont have anything. :(

My time will come though! :)

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I applied for mine on the 14th a Saturday. My card came almost 2 weeks later. They never did ask me for my drivers license, signature, utility bill or anything else. Guess I must have slipped through the cracks.

Mack

Im jealous :( What was your limit? Im wondering because maybe when you are approved for such a high limit as I was ($12k) they require additional info.....ya think? Hmm... xheadscratchx

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What Cra does PATELCO check just rebuilding my credit my scores four months ago on all 3 CRA were in the high 500 s to low 600 s

FICO Scores today

691 Eq One medical collection 6 years old

693 Ex Two medical collections 6 years old

688 TU One med 6 yrs old

Have gotten UP card $4000

Corvette Card $600

Suncoast Schools Cu Platinum Visa $5000.00 7.9% :D

Dell $1500

Best Buy card $1500 (all in last two weeks)

I have been reading this board this is where I learned about the Household Cards

Thank you xbeer2)

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