Reply
Valued Contributor
trumpet-205
Posts: 2,457
Registered: ‎11-11-2010
0

Re: PenFed 0% / 18 months


bs6054 wrote:

I notice it says: This transaction is subject to credit approval.    Is that standard on BTs?   I had assumed you that for BTs on any card you could transfer up to your BT/Cash Advance limit on the card.  Does this mean an extra level of approval is required?


It is standard on all BT. Some degree of credit screening does take place when you ask for BT. Lender has the right to reject a BT request.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Senior Contributor
bichonmom
Posts: 3,318
Registered: ‎05-05-2011
0

Re: PenFed 0% / 18 months

That looks like a nice offer. I may rethink joining them. Can someone remind me - they do a HP to join and the same HP for any credit apps within 30 days, right?

 

do they usually have a lot of hoops you have to jump through - like sending utility bills, drivers license and pay stubs? 

 

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
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!

Valued Contributor
trumpet-205
Posts: 2,457
Registered: ‎11-11-2010
0

Re: PenFed 0% / 18 months

Most PenFed CC application needs paystub. Not sure about HP.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Frequent Contributor
manyquestions
Posts: 292
Registered: ‎10-20-2008
0

Re: PenFed 0% / 18 months


trumpet-205 wrote:

Most PenFed CC application needs paystub. Not sure about HP.



Usually need proof of income with Penfed.  There is a Hard Pull for joining that is used for 30 days for applications. So if you join and apply for three things you just have one hard pull.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+