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Frequent Contributor
Posts: 351
Registered: ‎11-11-2012
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Re: Love PenFed!!!

[ Edited ]

CreditChampion wrote:

This is false......maybe fo creditors like fingerhut,credit one, and first premier. Capital One actually has some prime products. What do you have against Capital One? You seem to be on mission to tell evey Capital One customer to close their accounts.


I have got to agree. ........Capital One is too big for that to be true

 

Capital One Financial Corp. is a U.S.-based bank holding company specializing in credit cards, home loans, auto loans, banking and savings products. A member of the Fortune 500, the company helped pioneer the mass marketing of credit cards in the early 1990s, and it is now the fourth-largest customer of the United States Postal Service and has the sixth-largest deposit portfolio in the United States


Current Score: myFico EQ - 794 ( 11/ 29/2012 ) amexFico EX - 787 (10/15/2012) myFico TU - 780 (11/29/2012) Credit Sesame - 809 (02/04/2013) Goal Score * 800 Club *
****** Garden Club Member -- Last HP Jan 3rd 2013 *******
*** Amex - BCP 10 K * PenFed - CR 5 K * Amex - GDSM 5 K *
Discover - IT 5 K ***** NO MORE APPS FOR ME IN 2013 *****
Valued Contributor
Posts: 1,738
Registered: ‎08-13-2012
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Re: Love PenFed!!!


CreditChampion wrote:

This is false......maybe fo creditors like fingerhut,credit one, and first premier. Capital One actually has some prime products. What do you have against Capital One? You seem to be on mission to tell evey Capital One customer to close their accounts.


+1

I dont like capital one anyway but they are only one offer me some credit when i have nothing.

I used card one for every 3 months just to keep the acc open since there no AF.


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Contributor
Posts: 84
Registered: ‎12-01-2012
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Re: Love PenFed!!!

[ Edited ]

Congrats!!

what was your FICO score learnandlearn?


Starting Score: CK 658 12/4/12 | CS 658 12/4/12 | myFico(EQ) 696 12/1/12
Current Score: CK 725 12/1/14 | CS 775 12/1/14 | myFico(EQ) 753 12/2/14
Goal Score: 800 Dare I Dream??


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Frequent Contributor
Posts: 464
Registered: ‎10-29-2012
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Re: Love PenFed!!!

Nice! when I come out of the garden, Penfed will be one of the banks I open an account with. glad to hear you got in with them. 

Bank of America: Cash Rewards.-1,000. 4/25/12 (CLI Increase 6/15/13), Citi: Forward- 3k. 10/27/12 (CLI on 2/8/14, SP). Discover: More- 2k. 10/27/12 (Increase 6/1/14). Amex: PRG- NPSL (closed 12/13/13). 11/24/12. Chase: Freedom. 5/1/13- 2.4k. Southwest Rapid Rewards Plus.-3.6k. 6/15/13. Amex BCE-2k. 12/7/13. Amex SPG-4k.12/8/13. Last App: 1/8/14.
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Posts: 351
Registered: ‎11-11-2012
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Re: Love PenFed!!!


bluesnowman wrote:

Nice! when I come out of the garden, Penfed will be one of the banks I open an account with. glad to hear you got in with them. 



You need all your ducks in a row in order to get credit with them, they are very conservative


Current Score: myFico EQ - 794 ( 11/ 29/2012 ) amexFico EX - 787 (10/15/2012) myFico TU - 780 (11/29/2012) Credit Sesame - 809 (02/04/2013) Goal Score * 800 Club *
****** Garden Club Member -- Last HP Jan 3rd 2013 *******
*** Amex - BCP 10 K * PenFed - CR 5 K * Amex - GDSM 5 K *
Discover - IT 5 K ***** NO MORE APPS FOR ME IN 2013 *****
Established Contributor
Posts: 760
Registered: ‎02-11-2012
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Re: Love PenFed!!!

+1.  Wherever you are in life, SOMEBODY has given you opportunities. Think, where would you be if First Premier, Capitol One or any banking entity, would not even give you the time of the day.  I am not ashamed to take the responsibility for my missteps. I created the late payments I had by not being prepared. Yes, not having enough emergency reserve funds. It will be several months before my one and ever  60 and 90 day  lates ages off. Sure it hurts my pride,  however it is a reminder of where I have been and where I have come from. My Fico score was over 800 for several years and it will return soon by diligently paying my accounts on time. In closing,  the Person that does not take responsibility for their own financial actions  is a Joker, only fooling themselves. Merry Christmas to all!

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
Established Contributor
Posts: 731
Registered: ‎12-14-2011
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Re: Love PenFed!!!

That is certainly not true. My first credit card was the newcomers with capital one when I had no credit at all. The limit stinks, but it provided me a stepping stone to bigger and better things. Lenders care more that your accounts are all in good standing, no baddies, income/assets, utilization and aaoa.

 

Everyone has to start out somewhere

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Citi Prestige World Elite Mastercard ($35,000.00), Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), Chase Ink Business Bold (NPSL)
TU-778 (12/03/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)
Frequent Contributor
Posts: 464
Registered: ‎10-29-2012
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Re: Love PenFed!!!

I've heard they are very conservative, but fortunately my scores are 710+ right now, so hopefully it will increase my chances, and then maybe after 6-7 months (more like this time next year) I'll apply for a card through them. But yes, I've heard they are very conservative and very strict. 

Bank of America: Cash Rewards.-1,000. 4/25/12 (CLI Increase 6/15/13), Citi: Forward- 3k. 10/27/12 (CLI on 2/8/14, SP). Discover: More- 2k. 10/27/12 (Increase 6/1/14). Amex: PRG- NPSL (closed 12/13/13). 11/24/12. Chase: Freedom. 5/1/13- 2.4k. Southwest Rapid Rewards Plus.-3.6k. 6/15/13. Amex BCE-2k. 12/7/13. Amex SPG-4k.12/8/13. Last App: 1/8/14.
Established Member
Posts: 41
Registered: ‎07-17-2009
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Re: Love PenFed!!!


crew99 wrote:

Congrats!!

what was your FICO score learnandlearn?


I think they were as such:

TU - 719

EQ - 698

EX - Who knows

Established Member
Posts: 41
Registered: ‎07-17-2009
0

Re: Love PenFed!!!


astritaho1979 wrote:

Please close capital one because the lenders do not like to see capital one in your credit report for the fact that is for ppl with bad credit


I don't believe Having Capital 1 on my credit report is the issue here. I had bad credit in the past and that is more likely the cause for not qualifiying for "Prime" Cards until recently.

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