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Valued Contributor
Posts: 1,289
Registered: ‎12-09-2014

Re: Penfed Approvals Please Post Your Data For Others

[ Edited ]

Product approved and Limit: PenFed Platinum Rewards $5.5K, Car ReFi $16,675K (both apps went under review but not for more than 2 hours)
EQ Fico Score: 686
Penfed Nextgen Score: 690
AAOA: 5.2 years

Util: 12%
Derogs?: 6 late, No derogs or public records 
Total EQ Inquiries: 19

Last 12 months: 8

Last 6 months: 5
New Accounts in last 12 months: 6

Last 6 months: 5

Time Since Negative: 2.3 yrs

Oldest Acct 16.1 yrs

TCL= $172,800
6-7-16: EQ 683 EX 713 TU 715
10-12-16 EQ 685 EX 706 TU 702 12-19-16 EQ 683 EX 704 TU 701 and CHILLING ON ICE...BRRRRR!
In the garden as of 6-7-16, I've been really really BADDDDD Smiley Sad Smiley Sad

Established Contributor
Posts: 501
Registered: ‎03-17-2016

Re: Penfed Approvals Please Post Your Data For Others

baller4life wrote:


Derogs?: If you have a BK please list type and discharge date!

 




Hey Baller4life, Great compilation!


Your inclusion of Bankruptcy type 7 or 13, and Discharge Date will add lots of value for those of us in those subsets who desire to positively benefit from Pen Fed membership.


Thanks again!

 

 

Ch 13 Paid in Full.: 03/29/16
Ch 13 Discharged: 05/03/16
* waiting on Trustee's Final Report in the "mail"

03/17/16 Fico 8 Scores: EQ 546, TU 501, EX 548
05/05/16 Fico 8 Scores: EQ 553, TU 523, EX 548

05/03/16 Fico 8 Scores: EQ 546, TU 501, EX 548
09/01/16 Fico 8 Scores: EQ 662, TU 628, EX 657
10/04/16 Fico 8 Scores: EQ 692, TU 665, EX 686
01/15/17 Fico 8 Scores: EQ 706, TU 670, EX 687 * all Yellow / Good
Valued Contributor
Posts: 1,594
Registered: ‎09-17-2015

Re: Penfed Approvals Please Post Your Data For Others

Product approved and Limit: Platinum Rewards Card $20K, Cash Rewards Card $5K, Thrifty Credit $500, New Car Loan $45K
EQ Fico Score: 687
Penfed Nextgen Score: 749
AAOA: 3 years
Derogs?: None

Util: 14%

Total EQ Inquiries: 10

                Last 12 months: 10

                Last 6 months: 8
New Accounts in last 12 months: 18
                                 Last 6 months: 12

Valued Contributor
Posts: 2,155
Registered: ‎06-16-2015

Re: Penfed Approvals Please Post Your Data For Others

Product approved and Limit: Penfed Promise $10k EQ Fico Score: 718

Penfed Nextgen Score: 704

AAOA: 5 yrs

Derogs?: 2

Util: 4%

Total EQ Inquiries: 8

           Last 12 months: 0

           Last 6 months: 2

New Accounts in last 12 months: 2                                 

Last 6 months: 2

 

Product approved and Limit: Platinum Rewards Visa Signature $10k

EQ Fico Score: 710

Penfed Nextgen Score: 700

AAOA: 5 yrs

Derogs?: 2

Util: 2%

Total EQ Inquiries: 9

           Last 12 months: 2

           Last 6 months: 2

New Accounts in last 12 months: 8                                

Last 6 months: 8

 

Product approved and Limit: PLOC $5k

EQ Fico Score: 710

Penfed Nextgen Score: 700

AAOA: 5 yrs

Derogs?: 2

Util: 2%

Total EQ Inquiries: 9

           Last 12 months: 3

           Last 6 months: 3

New Accounts in last 12 months: 9                                

Last 6 months: 9

Gardening since 5/22/17
Discover $35k | AMEX SPG $50k | Lowes $35k | PenFed Plat Rewards $20k | PenFed Promise $20k | NFCU CashRewards $24k |Cap One QS Plat $19k | RBFCU Premier Rate MC $10k | J.Crew $21.2k
PLOC: RBFCU $20k | PenFed $10.5k
TU:749 EQ:728 EX:740
Contributor
Posts: 114
Registered: ‎05-08-2010

Re: Penfed Approvals Please Post Your Data For Others

Any data or feedback on how they treat applicants that only have self- employed income?
Community Leader
Super Contributor
Posts: 13,401
Registered: ‎09-13-2013

Re: Penfed Approvals Please Post Your Data For Others


longclimbback wrote:
Any data or feedback on how they treat applicants that only have self- employed income?

I don't personally know because I was instantly approved. But, that would be great info for others to add. I will include poi in data. Thank you! Smiley Happy

Regular Contributor
Posts: 231
Registered: ‎04-17-2007

Re: Penfed Approvals Please Post Your Data For Others

[ Edited ]

Product(s) approved and Limit: Platinum Signature Rewards Visa $43K, PLOC $15K, Auto Loan $64K
EQ 08 Fico: 811
Penfed Nextgen: 841

Instant or Review: Instant (In-Person at local PenFed branch @ Pentagon City)

AAOA: 12 years
Derogs?: None

Util: 2%

Total EQ Inquiries:

                Last 12 months: 7

                Last 6 months: 5
New Accounts in last 12 months: 8
                                 Last 6 months: 5


EX08 801 EQ08 812 TU08 805 Total Credit Line: $100K+
Established Member
Posts: 33
Registered: ‎02-24-2015
0

Re: Penfed Approvals Please Post Your Data For Others

[ Edited ]

Product(s) approved and Limit: Promise Visa: $4k
EQ 08 Fico: No idea, but EX FICO as of April 6 was 738
Penfed Nextgen: 768
AAOA: 6 years
Derogs?: 1 unpaid collection under $100

Util: 30%

Total EQ Inquiries:

                Last 12 months: 1

                Last 6 months: 0
New Accounts in last 12 months: 2
                                 Last 6 months: 0

Community Leader
Super Contributor
Posts: 8,761
Registered: ‎05-25-2015

Re: Penfed Approval Guide Please Post Your Data For Others

[ Edited ]

I applied in July, 2015 (edited to add this) 

Product(s) approved and Limit: PenFed Platinum Rewards-10k (now 17k); PenFed Promise-10k (now 14k); PLOC (acquired when I asked for cli's)
EQ 08 Fico: 768 at the time. 
Penfed Nextgen: If I remember correctly something like 756.
Instant or Review?: Instant
AAOA: 7 years, I think; Now it is 3.
Derogs?: (If you have a BK please list type and discharge date!); One showing is a 30 day late that is over two years old. Chapter 13 already off my reports.
Util: 11%
Total EQ Inquiries: Then 4; Now 17 (8 from car shopping)
Last 12 months: 11
Last 6 months:3
New Accounts in last 12 months: 16
Last 6 months: 3


Daily Drivers: Penfed Platinum Rewards; NFCU GoRewards; Discover; NASA Platinum Cash Rewards
Valued Contributor
Posts: 1,150
Registered: ‎05-08-2015

Re: Penfed Approvals Please Post Your Data For Others

Promise approved 1/25/16 (Instant) 2.5K and Defender approved 1/27/16 (Review) 5K

Fico 8 EQ score - 693

Penfed ng score - 680

AAOA - 2.8 years

Chapter 7 d/c 7/14

Inquiries - EQ 11

New Accounts - 7 credit cards (last 12 mos.)

CLI attempted - 30 days after initial approvals (Denied - Egyptian)

CLI attempted - 5/3/16 (Denied) Too many new accounts (including Penfed's - but not an Egyptian anymore Smiley Wink)

 

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