"Approved!"
Newegg.com Preferred Account Review
Written by: patrick12 on 2009-10-21
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
patrick12's review: 
I decided to apply for this card as well, being issued through Cit Bank, I figured getting this card would help with my utilization as well, I opened up an account and applied, was instantly approved for a $4,000.00 credit limit, zero interest for 1 year! And the rate is 21.99% after that. Same equifax information, 656 score, low DTI, I have 3 accounts now with CIT, Fingerhut, Dell, and now NewEgg. I probably wont use them, well see, Christmas is coming up so who knows, but the 4,000 dollar credit line will definately help with my overall utilization!
I decided to apply for this card as well, being issued through Cit Bank, I figured getting this card would help with my utilization as well, I opened up an account and applied, was instantly approved for a $4,000.00 credit limit, zero interest for 1 year! And the rate is 21.99% after that. Same equifax information, 656 score, low DTI, I have 3 accounts now with CIT, Fingerhut, Dell, and now NewEgg. I probably wont use them, well see, Christmas is coming up so who knows, but the 4,000 dollar credit line will definately help with my overall utilization!
5 Comments
Comment 1 by dm
Re: Approved! 
on 2009-10-21
I hope this helps your utilization ratio. My experience with CIT is that they do not report to any credit reporting agencies. Doesn't help utilization, but it is nice to have a "hidden" tradeline.
on 2009-10-21 I hope this helps your utilization ratio. My experience with CIT is that they do not report to any credit reporting agencies. Doesn't help utilization, but it is nice to have a "hidden" tradeline.
Comment 2 by danababy98
Re: Approved! on 2009-10-24
This card will not show up on your credit reports... Utilization will not be helped. :)
on 2009-10-24 This card will not show up on your credit reports... Utilization will not be helped. :)
Comment 4 by hjm331
Re: Approved! on 2009-10-26
I have had this card for about 2 years and they reduced my limit from $2,000 to $300. It doesn't report to your reports but it might be a good thing if you plan on buying a large ticket item and pay it off within 6 to 12 months.
on 2009-10-26 I have had this card for about 2 years and they reduced my limit from $2,000 to $300. It doesn't report to your reports but it might be a good thing if you plan on buying a large ticket item and pay it off within 6 to 12 months.
Comment 5 by wanderer
Re: Approved! on 2009-11-06
Got'a luv the hidden tradeline. Had two with Capital One. Then they decided to kick the business card customers. Oh well...
on 2009-11-06 Got'a luv the hidden tradeline. Had two with Capital One. Then they decided to kick the business card customers. Oh well...
Please login or register for free to view your stats, add reviews and card application results, or post comments.
Credit card reviews and comments are posted by user submission and do not warrant the opinions of Finance Globe.
Disclaimer: This content is not provided by Comenity Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Comenity Bank. Review content is powered by Finance Globe.
Disclaimer: This content is not provided by Comenity Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Comenity Bank. Review content is powered by Finance Globe.
