Relocated 10 Posted August 21, 2004 Report Share Posted August 21, 2004 OK I'm not following.They loan you $xxx at x% that you can access via a CC - or you have a CC at x% interest if you have a balance? Link to post Share on other sites
chingasaholo 10 Posted August 21, 2004 Report Share Posted August 21, 2004 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. Link to post Share on other sites
Relocated 10 Posted August 21, 2004 Report Share Posted August 21, 2004 Hmmm.Does that mean you pay interest on the full - say - $12,000 - even if you aren't actually using any of it? Link to post Share on other sites
chingasaholo 10 Posted August 21, 2004 Report Share Posted August 21, 2004 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 Link to post Share on other sites
chesire17201 10 Posted August 23, 2004 Report Share Posted August 23, 2004 man, applied on aug. 19 and i still haven't heard squat , guess i'll give em a call and see..... Link to post Share on other sites
chesire17201 10 Posted August 23, 2004 Report Share Posted August 23, 2004 just called......big ol' fat....DECLINED.... Link to post Share on other sites
utman17 11 Posted August 23, 2004 Report Share Posted August 23, 2004 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! Link to post Share on other sites
chesire17201 10 Posted August 23, 2004 Report Share Posted August 23, 2004 PG EQ faco score is 622, TU in house score is 670, EX..don't know, and thats who they pulled, EX.......course thats my worst report..... Link to post Share on other sites
Mack D 10 Posted August 23, 2004 Report Share Posted August 23, 2004 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%.ThanksMack Link to post Share on other sites
46langham 10 Posted August 24, 2004 Report Share Posted August 24, 2004 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 Link to post Share on other sites
pjwife27 10 Posted August 24, 2004 Report Share Posted August 24, 2004 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 Link to post Share on other sites
DHK 611 Posted August 24, 2004 Report Share Posted August 24, 2004 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 8/23/04Welcome! And please feel free to share your experiences with us! Link to post Share on other sites
chingasaholo 10 Posted August 24, 2004 Report Share Posted August 24, 2004 That's interesting, I called patelco too and they said it was a loan. If it's not it has some of the most liberal cash advance properties of any credit card I've seen outside of amex. Link to post Share on other sites
blueranger 10 Posted August 25, 2004 Report Share Posted August 25, 2004 plateco requires you are a member of some type organizationany one have any ideas... Link to post Share on other sites
morrow 199 Posted August 25, 2004 Author Report Share Posted August 25, 2004 plateco requires you are a member of some type organizationany one have any ideas...All I put was my current employer....worked fine for me. Link to post Share on other sites
blueranger 10 Posted August 25, 2004 Report Share Posted August 25, 2004 cool Link to post Share on other sites
Mack D 10 Posted August 26, 2004 Report Share Posted August 26, 2004 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? Link to post Share on other sites
chingasaholo 10 Posted August 27, 2004 Report Share Posted August 27, 2004 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 Link to post Share on other sites
morrow 199 Posted August 27, 2004 Author Report Share Posted August 27, 2004 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. 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. Link to post Share on other sites
Mack D 10 Posted August 27, 2004 Report Share Posted August 27, 2004 I got my Patelco card in the mail today. Looks pretty good. Thanks for starting the thread Morrow!!!!!!!!!!!Mack Link to post Share on other sites
morrow 199 Posted August 28, 2004 Author Report Share Posted August 28, 2004 I got my Patelco card in the mail today. Looks pretty good. Thanks for starting the thread Morrow!!!!!!!!!!!MackAwesome! Im excited to see it. Mine should be around soon. I initially applied on the 6th. YES THE 6th!!! And still dont have anything. My time will come though! Link to post Share on other sites
Mack D 10 Posted August 28, 2004 Report Share Posted August 28, 2004 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 Link to post Share on other sites
morrow 199 Posted August 28, 2004 Author Report Share Posted August 28, 2004 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.MackIm 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... Link to post Share on other sites
scotty 10 Posted August 28, 2004 Report Share Posted August 28, 2004 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 sFICO Scores today691 Eq One medical collection 6 years old693 Ex Two medical collections 6 years old 688 TU One med 6 yrs oldHave gotten UP card $4000Corvette Card $600Suncoast Schools Cu Platinum Visa $5000.00 7.9% Dell $1500Best Buy card $1500 (all in last two weeks) I have been reading this board this is where I learned about the Household CardsThank you Link to post Share on other sites
Mack D 10 Posted August 28, 2004 Report Share Posted August 28, 2004 Morrow,My credit limit is $5000.00. That is what I asked for. I am thinking of asking them for more.Danny,They pulled Experian on me.Mack Link to post Share on other sites