Reply
Established Contributor
Posts: 729
Registered: ‎10-21-2007
0

Re: PENFED !!!!!!!!!!!!!!

roflmao! you're right, omg I could have swore I read MMFA lmaooo its MOAA.. I just saw the capital "M" and scrolled down on it?!
 
lol, <<needs to get RX for glasses>
Contributor
Posts: 90
Registered: ‎01-01-2008
0

Re: PENFED !!!!!!!!!!!!!!

They'll call you an egyptian if you have too many accounts opened within a short time.  That's what they called me even though my EQ score is high and my CL ratios weren't high.

SonorityGenius wrote:
If you are non military join the military family assoc. right off from penfed's website, now there is a new promo I saw where its only $15 to join +$5 to fund savings acct = $20 total to get in
 
Penfed is notoriously strict though so make sure
1. no new accounts within 3 months (preferably 1 year but ymmv)
2. few inquiries (not recent)
3. no balance to cl ratios high (they will call you an egyptian)
4. they dont like too many CAs/judgements and frown on lower scores.. but ymmv with recon
 
if it says pending paystubs its MOST likely approved with verification of the income you stated on your app matches
 
Another way to check pending apps with penfed than to call 800# is login online click Manage account click Check Application Status and select the box next to it under "view comments" click submit and it will show you the status



I'm in the 700 club now! Smiley Happy
1/9/10 scores: TU: 766 | EX: YOU SUCK! | EQ: 736
Valued Contributor
Posts: 1,185
Registered: ‎03-04-2008
0

Re: PENFED !!!!!!!!!!!!!!

Anyone can join MOAA as an auxillary member. The $13 membership rate is a bargain! I joined NMFA for $20. You do not need to maintain your membership beyond the initial signup period.
Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: PENFED !!!!!!!!!!!!!!

I didn't mind giving $20 to NMFA. Military families have a lot of challenges, especially in wartime, so if they can use my bucks, good for them. Smiley Happy

Besides, I made back that $20 in the first month with my gas card cash back. Smiley Wink
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Member
Posts: 12
Registered: ‎12-02-2007
0

Re: PENFED !!!!!!!!!!!!!!



haulingthescoreup wrote:


Besides, I made back that $20 in the first month with my gas card cash back. Smiley Wink


You must use a lot of gas to get $20 cash back on gas.
Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: PENFED !!!!!!!!!!!!!!



LBTRS wrote:


haulingthescoreup wrote:


Besides, I made back that $20 in the first month with my gas card cash back. Smiley Wink


You must use a lot of gas to get $20 cash back on gas.


It's 5% on gas, 2% on groceries, and 1.25% on everything else.

I don't use cash any more, so it you run everything through just a few cards, the rewards can really add up. And I pay them off every month, sometimes several times within a month, so I don't pay any interest. This was after two statements:

EARNED 1.25% REBATE YEAR TO DATE IS 6.81
EARNED 5% REBATE YEAR TO DATE IS 23.38
EARNED 2% REBATE YEAR TO DATE IS 12.08
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Valued Contributor
Posts: 1,185
Registered: ‎03-04-2008
0

Re: PENFED !!!!!!!!!!!!!!

HSTU -
 
Same program as you. Having to change from running most everything through my debit card to instead the PenFed card. After a few months I will have a little more confidence in my ability to do this, but so far so good. I also have more that enough on deposit with PenFed to cover my account so they should love me even more than they did when they granted me my card. Getting the SO to run her payments through PenFed as opposed to debit card will be more difficult. (She runs EVERYTHING through her debit card, including things she should absolutely not, like Paypal! Never pay for ANYTHING on Ebay other than by Paypal backed by CC. NEVER!) But, after she sees some rewards credited to her account I am sure she'll "get" the program. I have more that recouped the $20 membership fee for NMFA and I have have the card just about a month. I considered joining MOAA as an auxillary member, but NMFA won out. I think they are a very worthy cause!
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.