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Established Contributor
Posts: 1,039
Registered: ‎02-27-2012
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Re: PenFed 17500.00 approval??????????

For those who were approved, what were you credit profiles? I'm interested in getting a couple more cards in April, just trying to get my ducks in a row. Also, what report do they pull? for the last 24 months, I have like 8 inq on my EX report, 2 on my EQ report, and 1 on my TU. So I'm hoping that they pull EQ or TU

AMEX: $0/$25,000, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$6000, Barclays NFL: $0/$7000 Discover: $0/$14,000, Citi Dividend: $0/$3500

EQ FICO - 728
TU FICO - 743
EX FICO(AMEX) - 712
Established Member
Posts: 24
Registered: ‎12-28-2012
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Re: PenFed 17500.00 approval??????????

next step ? Any suggestions?
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Valued Contributor
Posts: 1,524
Registered: ‎08-17-2008
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Re: PenFed 17500.00 approval??????????


jnnngs_mrcs wrote:
next step ? Any suggestions?

Did you get your card yet?

 

How about applying for a LOC with PenFed.... if you didnt do it yet :smileywink:


$100K in Credit
Last Credit Card App: 11/16/13
Established Member
Posts: 24
Registered: ‎12-28-2012
0

Re: PenFed 17500.00 approval??????????

I did get my card, and I was approved for a LOC only asked for 5000 didn't want to seem greedy.
http://farm9.staticflickr.com/8230/8457467906_db1b785250_z.jpg
Valued Contributor
Posts: 1,524
Registered: ‎08-17-2008
0

Re: PenFed 17500.00 approval??????????

Sweet!! I moved my credit lines around :smileyhappy: I now have a 16K CC and 10K LOC.

My card literally took 28 days

$100K in Credit
Last Credit Card App: 11/16/13
Established Member
Posts: 24
Registered: ‎12-28-2012
0

Re: PenFed 17500.00 approval??????????

Which card has the best sign up incentives or rewards going on right now?
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Valued Contributor
Posts: 1,524
Registered: ‎08-17-2008
0

Re: PenFed 17500.00 approval??????????

Chase CSP or AMEX PRG

$100K in Credit
Last Credit Card App: 11/16/13
Regular Contributor
Posts: 182
Registered: ‎02-06-2013
0

Re: PenFed 17500.00 approval??????????


SwiftTone wrote:

For those who were approved, what were you credit profiles? I'm interested in getting a couple more cards in April, just trying to get my ducks in a row. Also, what report do they pull? for the last 24 months, I have like 8 inq on my EX report, 2 on my EQ report, and 1 on my TU. So I'm hoping that they pull EQ or TU


Given your sig, I'd say you are better poised now than where you were six months ago.  I just was approved for $28k (card way the way) and they pulled EQ so you should be ok there.  My EQ score was 754 and EQ Fico was 732.  I had only two credit cards (not counting Amex Platinum) before with CLs of $20k and $25k but my utilization was higher than yours...65%.  They required proof and income and that was it.


.......NPSL..…..…$28K….....….$25K.............$20K..............$20K..............$20K..….......$9.5K…........$7.5K.…........$9K..............$4.5K
New Member
Posts: 5
Registered: ‎02-25-2013
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Re: PenFed 17500.00 approval??????????

After reading this post, I have a few questions about Penfed and would like some advice.

 

I read that Penfed does not allow new members to apply for credit within 6 months of joining... is this true?  I'm considering joining and would like to apply for both their Amex travel rewards and the Platinum Visa Rewards, but am not sure if the time is right.  I have recently (this week) got 2 new cards (so 2 new HPs) Amex BCP 7,800 and Discover 7,000.  After these HPs, this leaves me with a fico of approx. 709, and a combined credit limit of roughly 20k (USAA Mastercard 1000, Zales 4000, Kohls 800, Amex BCP 7,800, Discover it 7,000).  I am currently carrying a balance of approx. $1500.

 

For any of you Penfed Gurus out there, my concern is this.. with the majority of my credit being new, and having 2 recent HPs, my score being a 709, should I go ahead and continue my credit shopping spree and apply for Penfed membership and one of their cards?  Or should I conserve my resources and make the attempt in about 6 months, to let my recent HPs clear and give me time to bolster my score with my new CLs?

 

Thanks.

NFCU Flagship 25000, Amex BCP 7800, Discover 7000, USAA PMC 1000, Zales 4000, Kohls 800
Established Contributor
Posts: 651
Registered: ‎08-07-2012
0

Re: PenFed 17500.00 approval??????????


jnnngs_mrcs wrote:

Was approved for 17,500 CL then was sent to LO review.  Requested notorized SS DL and Utility Bill.  Now I am just pending, any input on this?


They asked for all those proof of ID,address and no request for income such as pay stubs?

EQ-732FICO,EX-PLUS 740,TU-725FICO
Goal 750 Across

NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
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