PENFED but not in the army or anything like that

[Percy]

DO i need to be in the army to be in this credit union? if not with a 20k income... and a fico of 660eq tu 686 ex675 could i get a credit card?

[creditwherecreditisdue]

---

@Abester000 wrote:
DO i need to be in the army to be in this credit union? if not with a 20k income... and a fico of 660eq tu 686 ex675 could i get a credit card?

---

You do not need to have any direct or indirect connection to join PenFed. The membership criteria are fully described here:

https://www.penfed.org/howToJoin/overview.asp

You could be approved for something by PenFed, but a 660 EQ FICO is very low for them. They are conservative with their credit extensions and only somewhat tolerant of negative CBR information.

[Percy]

do u recommend i get a bofa secured credit card?

[creditwherecreditisdue]

I believe I recommended that route for you in an earlier thread and still do. If you wanted build a relationship with a CU like PenFed you could also call them and inquire about secured cards. There might be something for you, but you will have to dig in and do some phone work.

[Percy]

is it good to get a checking account with them?

[creditwherecreditisdue]

I have money on deposit with PenFed, but many do not. Some CU's like you to have a relationship with them - many do not care. Personally I think PenFed likes it.

That being said the checking account is free if you always maintain a $500 minimum balance. If you slip below that level for one day a fee will be imposed. So if you can't maintain a consistent $500 balance don't bother opening a checking account. You can use the share account or a MMA to keep funds on deposit with them.

[Percy]

Visa Platinum Rewards card im going to request 500 for my limit to start. which is the minimum.

[Percy]

So... They denied my application due to Capital one delinquincy within the past 12 months... i pulled a recent equifax report and nothings showing up as delinquint since 2005..... They told me that i could send in a recon letter via email.... which i would like to do but i do not know how to write it.... can somoene assist me with it?

[IOBA]

My suggestion with Penfed -- have an excellent relationship with them for 6 months.  Penfed, like most CU's, will offer more credit after the relationship has seasoned 6-12 months.

If they say no for now, just wait 6 months.  Your log in on the website will let you know what offers are available to you.

Recon them -- not usually successful, even with documentations.  Penfed REALLY wants you to be with them for 6 months before going further.  There are exceptions... 

[Percy]

how do i recon them in this case... i cannot write a letter at all.... i failed english in high school lol