Well. I joined Pen Fed last year in April or May I believe and when I bought my car at the end of June I tried to by it with them but it was a big mess because my boyfriend had to be on it and he wasn't a member etc. And, they turned me down for a credit card too. Tonight I thought, oh what the heck. I will try Pen Fed again. I applied for their promise card, instant approval for 5k. I thought "WooooHoooo!!!" and.... then I thought, well..... let's try for that one with good gas rewards.... pending on a 2k approval...bummer, think I may have pushed my luck!! :-/ I logged-off, still excited (duh 36 months @ 7.49%- heck yes!) and as I was looking over my current auto loan and calculating out the interest costs for the life of the loan I started to wonder if I had a holy-shot-in-gravy of Pen Fed approving me for the refi at 1.49%. Then I fico-google 
Pen Fed and found out that I CAN use my credit pull for any of their products, not just credit cards... so I thought, well, same pull, might as well try.! Annnnnnd- I applied.
Now, my current loan was for 23800 @ 3.49% for 84 months (got it in 6/12) but I pay about $400 a month (payment is $322) because I hate the interest, even though I thought it pretty darn good. Still. I have paid it down to 22,300 and had planned on slapping 1k from my taxes onto it. So when I applied for the Pen Fed loan I asked for $21,500. INSTANT APPROVAL. I think I may have peed myself a little with joy. Everyone teases me about being a credit card troll on these forums but it is ALL WORTH IT!!!! I can't believe I got 21.5k for 60 months @ 1.49. I will pay at most about $800 in interest as opposed to 3k!!! And, my payments are $372 which is still less than I pay now.
So, stupid, happy.
Congrats! That interest rate will save you a ton!
Congrats!
Out of curiosity, any idea what your Equifax score happens to be?
What is your fico score? And do you do,all your banking witopen fed or just credit cards etc ??
@Anonymous wrote:@Anonymous. I joined Pen Fed last year in April or May I believe and when I bought my car at the end of June I tried to by it with them but it was a big mess because my boyfriend had to be on it and he wasn't a member etc. And, they turned me down for a credit card too. Tonight I thought, oh what the heck. I will try Pen Fed again. I applied for their promise card, instant approval for 5k. I thought "WooooHoooo!!!" and.... then I thought, well..... let's try for that one with good gas rewards.... pending on a 2k approval...bummer, think I may have pushed my luck!! :-/ I logged-off, still excited (duh 36 months @ 7.49%- heck yes!) and as I was looking over my current auto loan and calculating out the interest costs for the life of the loan I started to wonder if I had a holy-shot-in-gravy of Pen Fed approving me for the refi at 1.49%. Then I fico-google
@Now, my current loan was for 23800 @ 3.49% for 84 months (got it in 6/12) but I pay about $400 a month (payment is $322) because I hate the interest, even though I thought it pretty darn good. Still. I have paid it down to 22,300 and had planned on slapping 1k from my taxes onto it. So when I applied for the Pen Fed loan I asked for $21,500. INSTANT APPROVAL. I think I may have peed myself a little with joy. Everyone teases me about being a credit card troll on these forums but it is ALL WORTH IT!!!! I can't believe I got 21.5k for 60 months @ 1.49. I will pay at most about $800 in interest as opposed to 3k!!! And, my payments are $372 which is still less than I pay now.
So, stupid, happy.
CONGRATS!!!!
