Joined PenFed yesterday!!

[LesWH]

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@Ron1 wrote:

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@LesWH wrote:

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@Ron1 wrote:

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@LesWH wrote:

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@Ron1 wrote:

I just joined Penfed after I read your post. I also applied for the credit card over the phone and I didn't get instant decision. The application forwarded to loan officer. Hopefully, I will hear from them within a day or two.

Ron.

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Mine did the same thing, but only because I had a fraud alert on my EQ report.  I had to call them and after the call it was immediately approved.  I never actually spoke to a loan officer.  I also got the EMV chip, which I know nothing about!

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Congrats on your approval!!!I didn't have EQ fraud alert.  I only had 4 inq on my EQ.  My EQ  FICO score was 801.  I applied over the phone for Platinum Rewards Visa and I didn't get instantly approved.  By the way, EMV chip is for travelling outside of country use.  I have to call them back to setup the pin later on today.

Ron.

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I set up the pin during the online app.  With 801 and 4 inquiries you are sure to be approved!  My EQ FICO is 734.

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It didn't ask me to setup the pin. By the way, the utilization is 0%-1%.

Ron.

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My utilization is currently 2%.  So I say again, you should have no problem.

[bs6054]

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@Ron1 wrote:

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@LesWH wrote:

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@Ron1 wrote:

I just joined Penfed after I read your post. I also applied for the credit card over the phone and I didn't get instant decision. The application forwarded to loan officer. Hopefully, I will hear from them within a day or two.

Ron.

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Mine did the same thing, but only because I had a fraud alert on my EQ report.  I had to call them and after the call it was immediately approved.  I never actually spoke to a loan officer.  I also got the EMV chip, which I know nothing about!

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Congrats on your approval!!!I didn't have EQ fraud alert.  I only had 4 inq on my EQ.  My EQ  FICO score was 801.  I applied over the phone for Platinum Rewards Visa and I didn't get instantly approved.  By the way, EMV chip is for travelling outside of country use.  I have to call them back to setup the pin later on today.

Ron.

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Is this a real Chip&PIN, or chip&signature with the PIN for ATM?   I have just sent Penfed a message asking if I can get an EMV version as the card I have doesn't have it.

[Ron1]

Thanks for your reply. How long did you have to wait for the decision?

Ron.

[RemyWinchester]

I also applied for the plat rewards card for the EMV.  I just got back from the UK and it's basically a necessity (to have an Chip and Pin)

I already have two cards with PenFed.  The Amex Defender and the Plat Cash. 

I dont want to give up the 5% cash on gas, and PenFed cannot just upgrade my plat cash to EMV version, saying I had to apply for it directly.  Not happy about that. 

It remains to be seen whether they will give me a 3rd card.  My combined CLs on the two cards are lower than any other single card I have, so I think PenFed doesnt like me too much.... 

[RemyWinchester]

Ive also been a card member for 2 years.... I believe my EX is around 724

[LesWH]

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@Ron1 wrote:

Thanks for your reply. How long did you have to wait for the decision?

Ron.

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I applied yesterday afternoon.  It was approved this morning right before I posted about it.

[ricefed]

Do they hard pull for membership? If so who day they pull and do the use the same pull for a credit app if done within the same day? Debating if I should join now or next month. I'm already a member of voices for our troops.

[LesWH]

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@ricefed wrote:
Do they hard pull for membership? If so who day they pull and do the use the same pull for a credit app if done within the same day? Debating if I should join now or next month. I'm already a member of voices for our troops.

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yes they HP Equifax for membership and they use the same HP for the next 90 days.

[ricefed]

Great thanks. Ill have all my Christmas bills paid of next month so I better wait lol.

[Ron1]

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@LesWH wrote:

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@ricefed wrote:
Do they hard pull for membership? If so who day they pull and do the use the same pull for a credit app if done within the same day? Debating if I should join now or next month. I'm already a member of voices for our troops.

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yes they HP Equifax for membership and they use the same HP for the next 90 days.

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I didn't know they used the same HP for membership and credit card.  She asked me for permission to pull credit report for credit card.  They might pull twice. 

Ron.