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Frequent Contributor
rightcoast
Posts: 278
Registered: ‎12-10-2012
0

Re: PENFED Membership through Donation?

I will do my reviewing on USAA hopefully they are as good as NFCU!

Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
Frequent Contributor
rightcoast
Posts: 278
Registered: ‎12-10-2012
0

Re: PENFED Membership through Donation?

Ugh. There isn't a USAA in my area either only First Federal and others. I guess it doesn't particularly matter

Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
Senior Contributor
bichonmom
Posts: 3,318
Registered: ‎05-05-2011
0

Re: PENFED Membership through Donation?


rightcoast wrote:
Ugh. There isn't a USAA in my area either only First Federal and others. I guess it doesn't particularly matter

Usaa is geared toward active military that are overseas and nowhere near a branch. They are completely set up for online and phone banking. They do have some places where you can make a deposit in person, like UPS STORES, for example. But really you never need to do anything in person with them.

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Established Contributor
dodgeball
Posts: 761
Registered: ‎10-16-2007
0

Re: PENFED Membership through Donation?

If you can possibley swing getting into NFCU do it, I am a member of all three banks and NFCU makes Penfed and USAA look horrible overall.

NFCU Cash Rewards Siggy $22k, NFCU Flagship Rewards Siggy $22K, NFCU Platinum MC $20K, USAA Amex Rewards $6k, USAA World Mastercard Rewards $6k, NFCU Navcheck $15k

Other Cards - Citibank AAdvantage, Chase Slate, Barclays Rewards,


IN THE GARDEN UNTIL APRIL 2014

NFCU FAN CLUB MEMBER #1









Chase Star Card
NFCU FAN CLUB FAN#1
Frequent Contributor
rightcoast
Posts: 278
Registered: ‎12-10-2012
0

Re: PENFED Membership through Donation?

That is my first choice and I'm working hard to get in. (DOD benefit thing is getting me) but I bank with Wells Fargo now and I am not very pleased with their service. Would you recommend these banks over Wells Fargo?

Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
Senior Contributor
drkaje
Posts: 3,492
Registered: ‎07-25-2008
0

Re: PENFED Membership through Donation?

Don't use a HP on PenFed unless your credit history is near perfect and utilization are low.

 

USAA is a great bank, they just don't throw huge credit lines at people with low scores. :smileyhappy:


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Established Member
rabell12
Posts: 10
Registered: ‎10-07-2012
0

Re: PENFED Membership through Donation?

I joined PenFed by opening a Share Account in mid-September with the intent of building a relationship until 2013 and app'ing for the Platinum Rewards card. I work for a company that does a lot of Gov't contract work, and they are on the 'approved' company list, so opening the account/becoming a member was no problem.

 

In mid-October I called customer service with a question, and while we were on the phone the CSR asked if I was interested in the PR card.  Told her I was interested, but was in the middle of a refi on my home, and couldn't afford a HP until that closed out. She said no problem, we'll use the one from opening the Share Account. 10 seconds later she tells me I'm approved with a $20K CL. Wow!

 

My refi closed at the end of November. I'd been curious about PenFed's used car refinance program with 1.49% up to 60 months. My truck was financed through BB&T at 7.99%. In early December I applied on-line for the refi and was approved - used the same HP from opening the Share Account in September.

 

My experience with PenFed so far has been great, and I will continue to grow that relationship as additional opportunities arise.

Established Member
rabell12
Posts: 10
Registered: ‎10-07-2012
0

Re: PENFED Membership through Donation?

Meant to include that I set up small direct deposits in to the share account as soon as it was opened, my scores were in the 680-700 range across the CRAs, and I had a number of inquiries (7-9), mostly refi related, showing on all 3 CRAs. Frankly, based on reading how conservative PenFed is, I was surprised I was able to get the PR card. YMMV.

Frequent Contributor
rightcoast
Posts: 278
Registered: ‎12-10-2012
0

Re: PENFED Membership through Donation?

Thats great! Did you do all of this online as well? That seems like a really good idea but Im sure scores were much higher than mine at the time. I am still rebuilding.


Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
Established Member
rabell12
Posts: 10
Registered: ‎10-07-2012
0

Re: PENFED Membership through Donation?

Everything has been online with them.  They don't have any brick & morter locations in the state I live in.


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