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Pentagon Federal Credit Union Data Share

Established Contributor

Re: Penfed Approval Guide Please Post Your Data For Others


baller4life wrote:
NY I say you're close. Real close. You could probably get an approval on recon if not instantly approved for a card. Do you have an EQ inq to spare to test the waters?

Thanks Baller - I will check.  I don't think I have many INQ's in the last 12 mos.  

Penfed Platinum Sig Visa $33k, PenFed PLOC $25k, NFCU Cash VISA Sig 22k, NFCU Visa Flagship 22k, CAP1 Venture $23k, CAP1 Venture One $15k, NFCU NAV Check $15k, Barclays Arrival $13,2k, DCU VISA 5k, Cap1 QS 7.5k, WF Finance 3.5k, Merrick 2.2k, Barclays Apple Financing 6.1k BestBuy 5k >Ch7 BK filed 8/09; DC 01/10 EQ 636 Nov 13;
EQ08 718 | TU 731 | EXP 728
Inqs: EQ 11, TU 8, EXP 11(last 2 yrs)
Goal 750+ In the Garden til

Message 71 of 4,999
Community Leader
Super Contributor

Re: Penfed Approval Guide Please Post Your Data For Others

Ok let us know your outcome if you decide. They are really good with recons. Just explain your situation in an email if need be. I have the email address if you need it. But, I wouldn't be surprised if it was instantly approved. Smiley Happy
Message 72 of 4,999
Valued Contributor

Re: Penfed Approval Guide Please Post Your Data For Others

Product approved and Limit: Platinum Visa Signature $5k
EQ 08 Fico: 690
Penfed Nextgen: 713

Instant or Review: Instant

POI:

AAOA: 3 yrs
Derogs?: 0

Util: 29%

Total EQ Inquiries: 2

           Last 12 months: 2

           Last 6 months: 0

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

EX 08 Fico: 729 TU 08 Fico: 735EQ 08 Fico: 740Total Credit Line: $128,600Utilization: 6%Inquiries:EX-6TU-7EQ-5


Message 73 of 4,999
Member

Re: Penfed Approval Guide Please Post Your Data For Others

Product(s) approved and Limit Platinum Rewards Visa Signature..approved at $34,500..then immediately applied for Platinum Cash Rewards Visa and approved at $15,500
EQ 08 Fico:756
Penfed Nextgen: 750

Instant or Review?: Both were instant

POI?: None

AAOA: 2.5 years
Derogs?: (If you have a BK please list type and discharge date!) None

Util: 9%

Total EQ Inquiries: 12

                Last 12 months: 5

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

Message 74 of 4,999
Community Leader
Super Contributor

Re: Penfed Approval Guide Please Post Your Data For Others

Awesome data guys!!! Thank you soooo much! Smiley Happy
Message 75 of 4,999
Frequent Contributor

Re: Penfed Approval Guide Please Post Your Data For Others

Hey all...I was approved for membership last night. Applied for a CC and got review by loan officer. Anyone know how long that takes ? Should I call or wait for an answer ? If not approved for the Visa SIg will they offer a lower card or should I reapply ?
Discharged BK7 - 10.16.15
Current Fico8 - (7.15.17) EX - 659/EQ - 672/TU - 660
Total CL - $124,000.
Message 76 of 4,999
Community Leader
Super Contributor

Re: Penfed Approval Guide Please Post Your Data For Others


tussking wrote:
Hey all...I was approved for membership last night. Applied for a CC and got review by loan officer. Anyone know how long that takes ? Should I call or wait for an answer ? If not approved for the Visa SIg will they offer a lower card or should I reapply ?

You should hear an answer within 24 hrs. If denied they won't offer a different card. You would have to apply. Let us know your outcome. Good luck. Smiley Happy

Message 77 of 4,999
Frequent Contributor

Re: Penfed Approval Guide Please Post Your Data For Others

Baller which card should I apply for if denied ?
So I am clear the one HP they did will be used for 90 for any products I apply for ?
Discharged BK7 - 10.16.15
Current Fico8 - (7.15.17) EX - 659/EQ - 672/TU - 660
Total CL - $124,000.
Message 78 of 4,999
Community Leader
Super Contributor

Re: Penfed Approval Guide Please Post Your Data For Others


tussking wrote:
Baller which card should I apply for if denied ?
So I am clear the one HP they did will be used for 90 for any products I apply for ?

Yes hp is good for 90 days. Let's wait and see if you're denied and if so what are the reasons. If they label you an Egyptian for example, it won't do you any good to apply for another card.

Message 79 of 4,999
Established Contributor

Re: Penfed Approval Guide Please Post Your Data For Others


baller4life wrote:
Ok let us know your outcome if you decide. They are really good with recons. Just explain your situation in an email if need be. I have the email address if you need it. But, I wouldn't be surprised if it was instantly approved. Smiley Happy

Baller - I app'd for the Platinum Rewards Sig card this morning and my app was sent to a LO for review. Will keep you posted...

Penfed Platinum Sig Visa $33k, PenFed PLOC $25k, NFCU Cash VISA Sig 22k, NFCU Visa Flagship 22k, CAP1 Venture $23k, CAP1 Venture One $15k, NFCU NAV Check $15k, Barclays Arrival $13,2k, DCU VISA 5k, Cap1 QS 7.5k, WF Finance 3.5k, Merrick 2.2k, Barclays Apple Financing 6.1k BestBuy 5k >Ch7 BK filed 8/09; DC 01/10 EQ 636 Nov 13;
EQ08 718 | TU 731 | EXP 728
Inqs: EQ 11, TU 8, EXP 11(last 2 yrs)
Goal 750+ In the Garden til

Message 80 of 4,999