The lovely thing about PenFed is their quarterly preapprovals which is not so much a preapproval but a soft based approval. If you get a preapproval offer, you can just accept it with no further credit checks (ie no hard inquiries). They should be up sometime in early July so I thought I would start this thread now to remind people to check their PenFed accounts often in July. If you don't get a preapproval, worthwhile to see if PenFed is pulling soft inquiry on Equifax. If they aren't, it is kind of voodoo science to get them to start. Some people say you can jog it with regular use of your savings/checking accounts or by apping for a credit product, or by waiting for 1 year after joining PenFed, etc. However, if you have a credit product, you should be getting soft inquiry every quarter.
Preapprovals look like this:
You should View All my Offers and it should something like this:
Images are from someone else. Good luck everyone!
Crashem wrote:They showed up last quarter so I assume they will be around this quarter.
Ah neat, thanks for the heads up Crash. Penfed was one of the lenders I was looking to refinance my auto loan with (since they have REDONKULUSLY low rates if you get approved) in the back half of July. Will probably pull the EQ report anyway from annualcredit report to see, but I haven't used the account since I opened it back in January so I sort of doubt I'll have anything available. Could get lucky though 
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Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
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Hey, I have that too Datx!
I'm guessing there's another section for "Your Offers" instead of "Other Offers." I hadn't logged into the account in a bit, at least they improved their absolutely lame web interface sometime over the past six months... though now they're throwing some SSL error for Chrome on Mac, go go beta testing, though from reports that's all Google's fault.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
Take the FICO Fitness Challenge
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