Reply
Established Contributor
hot4u
Posts: 785
Registered: ‎04-21-2013
0

Re: Penfed cash rewards Instant approval

[ Edited ]

24 Hours later checked account shows new CC.

I know there ultra conservative on approvals.

For the record all of my cards listed are less than a year old except Citi Dividends

Probably broke a record on Instant approval with Inquiries.

Living in Hawaii where gas averages $4.32 a Gallon

Local store Safeway after getting enough points you earn 20 cents off a gallon.

Then with Penfed this adds up totoal to over 40 cents off a Gallon.

Wife calls me the Coupon Guy now.... I can live with that..

Make the cards work for you not the other way.


(Chase)- Freedom, CSP®, United MileagePlus® Explorer, Marriott Rewards® Premier, Penfed cash+ rewards/Promise.
Amex’s- BCE, Hilton and SPG®, NFCU Cash Rewards, FHB Destinations World Elite.
(Citi)- Dividends Platinum Select, Executive/Platinum® Advantage,Hawaiian Airlines World Elite


Valued Contributor
-Wade-
Posts: 12,624
Registered: ‎08-13-2013
0

Re: Penfed cash rewards Instant approval


hot4u wrote:

Aloha

Apped online today to Join Penfed was approved instantly <HP for applying.

Read forums if apply for CC within 30 days use same pull for membership.

Apped for Cash rewards instant approved for 14,000.00 no docs.:smileysurprised:

Read online with $25,00 investment by opening a money market savings account will get the 5%  on Gas instead of 3%.:smileytongue:

Also got this since better half wants to go to France and travel in areas where A True Chip and Pin is needed. In application they asked what numbers you want for pin usage.

This Card has very limited rewards except for   Gas and No Foreign Transaction Fees

With opening Money market savings account  (No Annual Fee) 

 

Thank you

 


Congrats on your approval :smileyhappy:

Old user name newportguy*** Current Score: myFico EQ - 806 (04/04/2014) Discover TU Fico - 813 (09/02/2014) myFico EX - 804 ( 07/08/2014 ) ******* Amex - BCP 10 K * Discover - IT 10.5 K * U.S. Bank Cash + Visa Signature 8.8 K * PenFed - Cash Rewards 5 K * Amex - GDSM 5 K ****** FICO 800 Club Member ******* EQ 806 *** TU 813 *** EX 804 ***
****** Last HP & New TL was March 6th 2014 *** GOAL: No HP's or New TL's for 2 + years and 830's Scores ******
Moderator
Kenny
Posts: 5,980
Registered: ‎01-15-2009
0

Re: Penfed cash rewards Instant approval


hot4u wrote:

24 Hours later checked account shows new CC.

I know there ultra conservative on approvals.

For the record all of my cards listed are less than a year old except Citi Dividends

Probably broke a record on Instant approval with Inquiries.

Living in Hawaii where gas averages $4.32 a Gallon

Local store Safeway after getting enough points you earn 20 cents off a gallon.

Then with Penfed this adds up totoal to over 40 cents off a Gallon.

Wife calls me the Coupon Guy now.... I can live with that..

Make the cards work for you not the other way.


Very smart! Congrats on your approval! Did your app have to go to the reviewer or did you have to submit documents to verify income? :smileyhappy: Just curious. Also, do you mind telling your income? I understand if you'd rather not, I'm just quite curious with PenFed lately. (I guess research for years from now. lmao)

Starting Score: EQ04: 748 (1/31/14) - TU08: 755 (1/06/14)
Current Score:EX08:776(11/05) - EQ04:770(10/31) - EQ08:796(11/08) - TU08:798(11/18)
Goal Score: 800+
Established Contributor
CreditUnionFan
Posts: 643
Registered: ‎10-07-2013
0

Re: Penfed cash rewards Instant approval


hot4u wrote:

24 Hours later checked account shows new CC.

I know there ultra conservative on approvals.

For the record all of my cards listed are less than a year old except Citi Dividends

Probably broke a record on Instant approval with Inquiries.

Living in Hawaii where gas averages $4.32 a Gallon

Local store Safeway after getting enough points you earn 20 cents off a gallon.

Then with Penfed this adds up totoal to over 40 cents off a Gallon.

Wife calls me the Coupon Guy now.... I can live with that..

Make the cards work for you not the other way.


Congrats on the PenFed approval!

They are clearly conservative...  I've tried for the last few years to open accounts with them only to be told a resounding "NO", so I end up with DCU instead.

I was going to garden... Honest!
Established Contributor
hot4u
Posts: 785
Registered: ‎04-21-2013
0

Re: Penfed cash rewards Instant approval


KennyRS wrote:

hot4u wrote:

24 Hours later checked account shows new CC.

I know there ultra conservative on approvals.

For the record all of my cards listed are less than a year old except Citi Dividends

Probably broke a record on Instant approval with Inquiries.

Living in Hawaii where gas averages $4.32 a Gallon

Local store Safeway after getting enough points you earn 20 cents off a gallon.

Then with Penfed this adds up totoal to over 40 cents off a Gallon.

Wife calls me the Coupon Guy now.... I can live with that..

Make the cards work for you not the other way.


Very smart! Congrats on your approval! Did your app have to go to the reviewer or did you have to submit documents to verify income? :smileyhappy: Just curious. Also, do you mind telling your income? I understand if you'd rather not, I'm just quite curious with PenFed lately. (I guess research for years from now. lmao)


Instant Approval Didn't allow me to put how much I wanted. No Docs. 24 Hours later It's in my Account.

Remember this was all done same time I put in my application to be Member. There never was a Pending application etc.

Income Not comfortable to post

3.1 years AAOA

 

Just Blown away I figure persons staring at my Credit History-New Accounts etc (Manually) hmm what should we pick to not let him in..

 

 

 


(Chase)- Freedom, CSP®, United MileagePlus® Explorer, Marriott Rewards® Premier, Penfed cash+ rewards/Promise.
Amex’s- BCE, Hilton and SPG®, NFCU Cash Rewards, FHB Destinations World Elite.
(Citi)- Dividends Platinum Select, Executive/Platinum® Advantage,Hawaiian Airlines World Elite


Frequent Contributor
watch44
Posts: 322
Registered: ‎09-18-2013
0

Re: Penfed cash rewards Instant approval

[ Edited ]

The easiest way to get 5% gas on PenFed's cash rewards card is to open a qualifying product like a money market savings account.

But OP funded/plans to fund their MM savings with 25,000... when the minimum is 25. I mean congratulations and all, but it's one thing to be modest and another to be surprised about these things when your situation is atypical of most borrowers. 

  (Hover over pics for details) 
FICO:  TU 731 (05/14/14)   EX 749 (04/24/14)   EQ 684 (02/05/14)   Goal 700
FAKO:  TU 761 (05/20/14)   EX 761 (05/20/14)   EQ 743 (05/20/14)
Established Contributor
hot4u
Posts: 785
Registered: ‎04-21-2013
0

Re: Penfed cash rewards Instant approval

[ Edited ]

watch44 wrote:

The easiest way to get 5% gas on PenFed's cash rewards card is to open a qualifying product like a money market savings account.

But OP funded/plans to fund their MM savings with 25,000... when the minimum is 25. I mean congratulations and all, but it's one thing to be modest and another to be surprised about these things when your situation is atypical of most borrowers. 


 Typo error. Meant $25.00    


(Chase)- Freedom, CSP®, United MileagePlus® Explorer, Marriott Rewards® Premier, Penfed cash+ rewards/Promise.
Amex’s- BCE, Hilton and SPG®, NFCU Cash Rewards, FHB Destinations World Elite.
(Citi)- Dividends Platinum Select, Executive/Platinum® Advantage,Hawaiian Airlines World Elite


Frequent Contributor
watch44
Posts: 322
Registered: ‎09-18-2013
0

Re: Penfed cash rewards Instant approval

[ Edited ]

hot4u wrote:

watch44 wrote:

The easiest way to get 5% gas on PenFed's cash rewards card is to open a qualifying product like a money market savings account.

But OP funded/plans to fund their MM savings with 25,000... when the minimum is 25. I mean congratulations and all, but it's one thing to be modest and another to be surprised about these things when your situation is atypical of most borrowers. 


 Typo error. Meant $25.00    


Oh, Euro notation. Sorry (sorry you're not rich???)... well, there went my anti 1 percent indignation.  :catsad:

  (Hover over pics for details) 
FICO:  TU 731 (05/14/14)   EX 749 (04/24/14)   EQ 684 (02/05/14)   Goal 700
FAKO:  TU 761 (05/20/14)   EX 761 (05/20/14)   EQ 743 (05/20/14)

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}