Penfed $500 LOC reports

[j_casteel]

I had no idea...I joined Penfed a couple weeks or so after DC. Then on April 3 I decided to go ahead and open a checking account, and it asked me if I wanted overdraft protection. They gave me a $500 LOC. Today, it just reported on TU and gave it a 10pt bump and just reports as a LOC.

Awesome, I had no idea.

[Scupra]

Congrats on getting in with PenFed

[DaveInAZ]

Congratulations, and welcome to Penfed. I just joined last Sunday morning and I'm already impressed. After waiting for 2 weeks on Navy Fed with nothing but demands for proof of ID & Address I tried Penfed and after 5 minutes on online app I was in, then I called Navy Fed and told them to cancel my membership app, I'd gone with Penfed, caught it in time to save the Navy Fed TU hard pull.

I'm told by MyFico'ers who have been with Penfed for some time that your EQ credit pull for membership is good for 90 days if you want to app for any other credit with them. I app'ed for a $25k Home Equity LOC (line of credit) @4% APR, things are looking good so far.

[j_casteel]

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@DaveInAZ wrote:

Congratulations, and welcome to Penfed. I just joined last Sunday morning and I'm already impressed. After waiting for 2 weeks on Navy Fed with nothing but demands for proof of ID & Address I tried Penfed and after 5 minutes on online app I was in, then I called Navy Fed and told them to cancel my membership app, I'd gone with Penfed, caught it in time to save the Navy Fed TU hard pull.

@I'm told by MyFico'ers who have been with Penfed for some time that your EQ credit pull for membership is good for 90 days if you want to app for any other credit with them. I app'ed for a $25k Home Equity LOC (line of credit) @4% APR, things are looking good so far.

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Thanks....I joined back in January so my 90 days is over.