Credit Card Center Advertiser Disclosure

Reply
Regular Contributor
Posts: 127
Registered: ‎03-09-2017

Re: Pentagon Federal Credit Union Data Share

There's no hard and fast rule as to how often credit limits are raised, however, here are three common methods of getting a CLI.

 

1. They do account reviews four times a year (February, May, August and November) and may offer you a CLI (or another card) on or around the first of January, April, July or October. Offers may be made based on your credit history, relationship with PenFed, your EQ Fico 09 score and in some cases, how they're feeling that particular day. Smiley Wink

 

2. Typically, people with new cards will ask for a CLI just before the 90 day mark of their having the card. For some, this will result in a very large CLI, for others, it will result in a decline and a HP.

 

3. If you are declined for a CLI and receive a survey in your Email, you can tell them how disappointed you are with the result and make a case for reconning the request. Ask to be contacted by phone and you will likely receive a phone call to go over the details of your request. A lot of people receive generous CLIs from this method.

Now that I've met my credit goals for 2017 and 2018, I will garden until at least 1/1/2019.
Established Member
Posts: 34
Registered: ‎07-09-2017

Re: Pentagon Federal Credit Union Data Share

I am sorry I don't actually have data points to offer. Pathetically, I beg credit for reading all 487 pages of this excellent thread!  My eyes hurt a little but I've learned a lotSmiley Tongue

Established Contributor
Posts: 970
Registered: ‎09-28-2016

Re: Pentagon Federal Credit Union Data Share

Product(s) approved and Limit(If approved for multiple products please include date if not immediate): PenFed PowerCash 2% card 10/6
EQ 08 Fico:712
EQ Fico 9: 718

Instant or Review?: Review - Initial Decline within 4 hours. Called in for recon, immediate reversal of denial without pleading my case.

POI?(If yes, what type of proof of income) No

AAOA: 10
Derogs?: (If you have a BK please list type and discharge date!) BK7 discharged 7/2014

Util: 1%

Total EQ Inquiries:

                Last 12 months: 5

                Last 6 months:3
New Accounts in last 12 months: 4
                                 Last 6 months: 

 

Starting Limit: $3k 14.99% APR



Hover mouse over cards for Credit Limit and APR info.
Valued Member
Posts: 146
Registered: ‎07-17-2012
0 Kudos

Re: Pentagon Federal Credit Union Data Share

Wow congrats @polo321
------------------------------------------------------------------------------------------------
Valued Member
Posts: 146
Registered: ‎07-17-2012
0 Kudos

Re: Pentagon Federal Credit Union Data Share

Does anyone know how long after the AR does it take for preapproved offers to show? Is it instant?
------------------------------------------------------------------------------------------------
Highlighted
Super Contributor
Posts: 9,599
Registered: ‎04-23-2016

Re: Pentagon Federal Credit Union Data Share

Not sure sueblue34 but im going on a year and half with PF and i dont get any offers. Im on the low end of the totem pole lolSmiley Wink
Frequent Contributor
Posts: 337
Registered: ‎07-19-2017

Re: Pentagon Federal Credit Union Data Share

@sueblue34 If you had any, you should have seen them by now.


FICO 08 (Oct 2017): EX 657 / EQ 653 / TU 680 - Gardening until 04/30/18!
Established Contributor
Posts: 592
Registered: ‎07-22-2016

Re: Pentagon Federal Credit Union Data Share


AverageJoesCredit wrote:
Not sure sueblue34 but im going on a year and half with PF and i dont get any offers. Im on the low end of the totem pole lolSmiley Wink

I'm right there with you AJC...you'll see me...I'm just a little lower than you lol!!!

 

I hope things are getting back to 'comfortable'  after the hurricane and that your dad finally has his ice. You and the family are in our thoughts everyday AJC!!

 

Smiley Very Happy

Established Contributor
Posts: 504
Registered: ‎05-06-2017

Re: Pentagon Federal Credit Union Data Share

yeah I get as much love from PenFed as Ellen would get in downtown Tehran. 

Starting Scores 03/17/2017 EQ 491 TU 495 EX465 Currently 10/14/2017 EQ 569 TU 562 EX 546

$300 Open Sky/ $2K NFCU CashRewards/$5.1K NFCU Flagship Rewards
Established Member
Posts: 16
Registered: ‎07-27-2017

Re: Pentagon Federal Credit Union Data Share

Product(s) approved and Limit(If approved for multiple products please include date if not immediate) DENIED for Power Cash Rewards
EQ 08 Fico: 677 CK FAKO
Penfed Nextgen: Unsure

Instant or Review?: Review

POI?(If yes, what type of proof of income) No

AAOA: 1 yr 10 months
Derogs?: (If you have a BK please list type and discharge date!) BK 13 filed 2/12, discharged 3/17. All accounts paid on time, no lates.

Util: 19%

Total EQ Inquiries: 8

                Last 12 months: 6

                Last 6 months: 4
New Accounts in last 12 months: 8
                                 Last 6 months: 7

 

Thought I might have a good chance of getting this because was instantly approved for AMEX Delta Gold on 7/23/17 $10K 16.74% APR and Discover It on 10/12/17 for $8K 20.99% APR. Became a Pen Fed member with a regular share account on 11/3/16.

 

Reasons for denial: BANKRUPTCY FILING REPORTED, TOO MANY ACCOUNTS RECENTLY OPENED. Tried to recon by calling loan officer. I pointed out that BK was discharged. She said that they can see that and it has aged, she thought the real reason was the number of accounts opened. I advised that I was trying to reestablish credit and most of those were obtained becuase I was shopping online and received preapprovals. I asked if there was a different card better suited for my profile. She said no, that the UW was "pretty much the same" and although she couldn't make any guarantees, thought that if I let the accounts age for about another 9 months (but she hated to give me a specific number) and keep util low, it might be better for me to apply later.  Just wanted to point all of this out for others thinking about applying.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.