Reply
Established Contributor
LesWH
Posts: 608
Registered: ‎10-11-2012

Re: Joined PenFed yesterday!!


MustangSaluki wrote:

Ron1 wrote:

I just called to request the PIN for online access. They told me to call back 1 1/2 hrs. 

 

 

Ron.


Ron

 

Not sure if you are already approved, but if you have online access you can always check for status here directly 

 

https://online1.penfed.org/PenFedOnline/Forms/Apply/ApplyNow.aspx

 

Once approved, you can click "Continue" button to setup PIN for the EMV, complete the online signature and select expedite option if you need it next business day. By the way the EMV is similar to Andrews and SD FCUs, meaning they default to Chip and Signature which is known to be an issue in some places in Europe. 

 

I was also approved for Penfed Plat last month for a 20k line. My score was 805 and I had 5 INQs showing (all from other CUs). The friendly CSR actually talked me into applying for the Plat Rewards (not that I didn't want it :smileyvery-happy:)


I did the online signature of the card document but didn't see where it could be expedited.  I just had them mail in normally to my address.  Is it too late to ask them to expedite it?  My status is showing approved and has not changed to transferred yet so perhaps I can call them and ask to have it expedited.


NFCU Signature Visa Cash Rewards, NavChek, Citi AA AMEX, Cap1 Cash Rewards, Discover IT, Home Depot, Sears, Walmart, Chase Freedom, AMEX Green, Lowe's, AMEX BCE, Chase Sapphire Preferred, AMEX Hilton Honors Surpass, PayPal Extras MC, PenFed Platinum Cash Rewards, AMEX Platinum

GC Challenge: App Free since 1/8/13. No more apps til 2014






Established Contributor
LesWH
Posts: 608
Registered: ‎10-11-2012

Re: Joined PenFed yesterday!!

Called PenFed and they are going to expedite the card to me!  Thanks for the heads up!


NFCU Signature Visa Cash Rewards, NavChek, Citi AA AMEX, Cap1 Cash Rewards, Discover IT, Home Depot, Sears, Walmart, Chase Freedom, AMEX Green, Lowe's, AMEX BCE, Chase Sapphire Preferred, AMEX Hilton Honors Surpass, PayPal Extras MC, PenFed Platinum Cash Rewards, AMEX Platinum

GC Challenge: App Free since 1/8/13. No more apps til 2014






Regular Contributor
MustangSaluki
Posts: 202
Registered: ‎07-07-2008

Re: Joined PenFed yesterday!!

[ Edited ]

Ron1 wrote:

MustangSaluki wrote:

Ron1 wrote:

I just called to request the PIN for online access. They told me to call back 1 1/2 hrs. 

 

 

Ron.


Ron

 

Not sure if you are already approved, but if you have online access you can always check for status here directly 

 

https://online1.penfed.org/PenFedOnline/Forms/Apply/ApplyNow.aspx

 

Once approved, you can click "Continue" button to setup PIN for the EMV, complete the online signature and select expedite option if you need it next business day. By the way the EMV is similar to Andrews and SD FCUs, meaning they default to Chip and Signature which is known to be an issue in some places in Europe. 

 

I was also approved for Penfed Plat last month for a 20k line. My score was 805 and I had 5 INQs showing (all from other CUs). The friendly CSR actually talked me into applying for the Plat Rewards (not that I didn't want it :smileyvery-happy:)


Thanks for your reply. I just checked it's still pending. Did they ask you for paystub?  Was it instantly approved? How long did you wait?

 

 

Ron.


 

They did not ask for paystub. It was not an instant approval. Actually I had joined Penfed back in 2007 but had to endure a hard pull to reactivate my membership. They did have my info in the system, so they were very friendly in welcoming back (really cool CSR!) but mentioned I had to take an HP per policies in place now for dormant memberships. I had 5 INQs showing but it did not impact my score from 1st to 5th INQs so I knew I'd be fine with being past member + 805 score (DCU EQ) even with the INQs. Account was instantly activated after the HP and I was provided new Savings number. Was told 90 days to apply for loan via same HP. I called next day and my app was forwarded to underwriter for review. She said from the score and other info she filled in max 20k CL for new members and indicated I would have no problems getting approved. This was in the evening so no UW, was told to wait upto 2 days. Application showed approved next morning :smileyhappy: I had read about Penfed being one of the more generous CUs with respect to CLs with similar profile as mine, but that excludes new members due to the max 20k ceiling.

 

@LesWH 

 

Sure, cool ! very helpful datapoint :smileyhappy:

Frequent Contributor
wallyworld123
Posts: 452
Registered: ‎01-04-2012

Re: Joined PenFed yesterday!!

Congrats such wonderful news:smileyhappy:

Established Contributor
LesWH
Posts: 608
Registered: ‎10-11-2012

Re: Joined PenFed yesterday!!

Looks like my PenFed card is being made!! Weeeee!!

 

VISA Platinum Cash Rewardsxxxxxxx01/02/2013TRANSFERRED 01/03/2013

NFCU Signature Visa Cash Rewards, NavChek, Citi AA AMEX, Cap1 Cash Rewards, Discover IT, Home Depot, Sears, Walmart, Chase Freedom, AMEX Green, Lowe's, AMEX BCE, Chase Sapphire Preferred, AMEX Hilton Honors Surpass, PayPal Extras MC, PenFed Platinum Cash Rewards, AMEX Platinum

GC Challenge: App Free since 1/8/13. No more apps til 2014






Senior Contributor
Ron1
Posts: 4,483
Registered: ‎05-23-2009

Re: Joined PenFed yesterday!!


MustangSaluki wrote:

Ron1 wrote:

MustangSaluki wrote:

Ron1 wrote:

I just called to request the PIN for online access. They told me to call back 1 1/2 hrs. 

 

 

Ron.


Ron

 

Not sure if you are already approved, but if you have online access you can always check for status here directly 

 

https://online1.penfed.org/PenFedOnline/Forms/Apply/ApplyNow.aspx

 

Once approved, you can click "Continue" button to setup PIN for the EMV, complete the online signature and select expedite option if you need it next business day. By the way the EMV is similar to Andrews and SD FCUs, meaning they default to Chip and Signature which is known to be an issue in some places in Europe. 

 

I was also approved for Penfed Plat last month for a 20k line. My score was 805 and I had 5 INQs showing (all from other CUs). The friendly CSR actually talked me into applying for the Plat Rewards (not that I didn't want it :smileyvery-happy:)


Thanks for your reply. I just checked it's still pending. Did they ask you for paystub?  Was it instantly approved? How long did you wait?

 

 

Ron.


 

They did not ask for paystub. It was not an instant approval. Actually I had joined Penfed back in 2007 but had to endure a hard pull to reactivate my membership. They did have my info in the system, so they were very friendly in welcoming back (really cool CSR!) but mentioned I had to take an HP per policies in place now for dormant memberships. I had 5 INQs showing but it did not impact my score from 1st to 5th INQs so I knew I'd be fine with being past member + 805 score (DCU EQ) even with the INQs. Account was instantly activated after the HP and I was provided new Savings number. Was told 90 days to apply for loan via same HP. I called next day and my app was forwarded to underwriter for review. She said from the score and other info she filled in max 20k CL for new members and indicated I would have no problems getting approved. This was in the evening so no UW, was told to wait upto 2 days. Application showed approved next morning :smileyhappy: I had read about Penfed being one of the more generous CUs with respect to CLs with similar profile as mine, but that excludes new members due to the max 20k ceiling.

 

@LesWH 

 

Sure, cool ! very helpful datapoint :smileyhappy:


Thanks for the info.  I just checked the status online and it is still pending. I just opened a checking last night. They told me I have 45 days to fund the account for $500 to avoid monthly service fee. Hopefully, it helps to get approved for credit card. 

 

 

Ron.

Senior Contributor
Ron1
Posts: 4,483
Registered: ‎05-23-2009

Re: Joined PenFed yesterday!!

I got a email alert from MPM and they also pull hard from TU. 

 

 

Ron.

Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012

Re: Joined PenFed yesterday!!


MustangSaluki wrote:

Ron1 wrote:

I just called to request the PIN for online access. They told me to call back 1 1/2 hrs. 

 

 

Ron.


Ron


 

Once approved, you can click "Continue" button to setup PIN for the EMV, complete the online signature and select expedite option if you need it next business day. By the way the EMV is similar to Andrews and SD FCUs, meaning they default to Chip and Signature which is known to be an issue in some places in Europe. 

 

 


Pity.  I guess this means it potentially supports Chip+Pin in unattended kiosks etc, but usually is chip+sig?  I found Chip + Signature almost worthless, people aren't expecting it when you put the card in an EMV machine, and slower than just swipe!

Established Contributor
LesWH
Posts: 608
Registered: ‎10-11-2012

Re: Joined PenFed yesterday!!


Ron1 wrote:

I got a email alert from MPM and they also pull hard from TU. 

 

 

Ron.


Really??? They only pulled Equifax for me.


NFCU Signature Visa Cash Rewards, NavChek, Citi AA AMEX, Cap1 Cash Rewards, Discover IT, Home Depot, Sears, Walmart, Chase Freedom, AMEX Green, Lowe's, AMEX BCE, Chase Sapphire Preferred, AMEX Hilton Honors Surpass, PayPal Extras MC, PenFed Platinum Cash Rewards, AMEX Platinum

GC Challenge: App Free since 1/8/13. No more apps til 2014






Senior Contributor
Ron1
Posts: 4,483
Registered: ‎05-23-2009

Re: Joined PenFed yesterday!!


LesWH wrote:

Ron1 wrote:

I got a email alert from MPM and they also pull hard from TU. 

 

 

Ron.


Really??? They only pulled Equifax for me.


Yes, I got an alert from MPM. It was a TU alert.  I hope it is wrong. I need to keep it less Inq on that report. I just called them and they told me it's still pending.  I might have the answer by the end of the day.  It is no big deal if they denied my application.  I searched around the web and most people got approved over 720 with low utiization.

 

 

Ron.


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+