Do you need a penfed checking account to apply for penfed credit cards?

[DotaK]

Do you need a penfed checking account to apply for penfed credit cards? I dont want to open penfed checking accounts but would like to apply for Penfed credt cards ! Is it possible?Anyone?

[Anonymous]

You don't need a checking account, but you have to be a PenFed member. To be a member, you have to have a savings account with at minimum $5 in it. Applying for a loan or a card is going to also apply for you to be a member which will require that $5 savings account.

[Anonymous]

You need a membership to be able to apply for any of their products.  Once you have the membership, you don't need a checking account.  The membership is for a good cause so that alone should entice you to go ahead and join.....

[fltireguy]

FYI !!!!

You do NOT have to be a member to apply..

 But, if approved you WILL have to become one (you can open a share savings acct. with $5)

[Anonymous]

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@fltireguy wrote:

FYI !!!!

You do NOT have to be a member to apply..

 But, if approved you WILL have to become one (you can open a share savings acct. with $5)

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So why not do it right the first time?  Ultimately, you will have to member to take advantage of any products.

[DotaK]

Thanks all for replaying, Do guys think I would get approval for penfed credit cards with score 680~700? 42% Utilization .967600 income

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@fltireguy wrote:

FYI !!!!

You do NOT have to be a member to apply..

 But, if approved you WILL have to become one (you can open a share savings acct. with $5)

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[fltireguy]

Hard to say - Id imagine.. I was approved with a 669 Ex (remember, though, they use NexGen- That is my Fifo8).. SL was 11.5k, reconned to $15, using my $20K NFCU card as a prybar

[AverageJoesCredit]

Good luck if you apply, if they dont want someone making close to million bucks i dont know how i ever got approved! ( hint hint, im at the complete opposite of that haha)

[DotaK]

97600..that was typo..

[DotaK]

Good to know