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Valued Contributor
Posts: 1,971
Registered: ‎02-06-2011
0

Re: PenFed Credit Card


sarahscott1561 wrote:

Well, that's doodie.

 

There ya have it, I guess. Smiley Happy

 

I'll post when I know for sure, but like I said, my friend just recently applied...got the same message I did and she got approved with a 10K CL with a lower score then me.

 

Not sure if it will fly with me, but there's always hoping... Smiley Happy 

 


Just try to think positive, but be prepared for the worst.

 

BTW, did you enter that you requested the 8,000CL, or did you go lower? I'm just curious.


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Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
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Valued Member
Posts: 69
Registered: ‎04-22-2011
0

Re: PenFed Credit Card

I just went for the 8K CL being that the system had put that in there initially. It did say I could request a lower amount, but I had read that they will sometimes counter-offer. Smiley Happy I keep checking that dang site to see if there's an update. Nothing yet, but I did see that it could take a week. If they want income verification, I'm ready to provide that, too.

I make about $65K/year - minimum, so we'll see...

 

 

Valued Contributor
Posts: 1,971
Registered: ‎02-06-2011
0

Re: PenFed Credit Card

You make good money, if they ask for income verification thats a good sign you've been approved.

 

I'm rooting for YOU!!!!


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge


Valued Member
Posts: 69
Registered: ‎04-22-2011
0

Re: PenFed Credit Card

Thank you!!! Smiley Happy I sincerely appreciate that!!!

Valued Contributor
Posts: 1,971
Registered: ‎02-06-2011
0

Re: PenFed Credit Card

You are very welcome Smiley Happy


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge


Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
0

Re: PenFed Credit Card


aftermath wrote:

I hate to rain on your party but, everyone who applies for a Penfed CC get's to the screen where it shows what limit they would approve you for IF you are approved.

 

My application told me that I was eligible for up to $10,000 (self populated by Penfed's system).

 

I was denied.

 

I tried to recon... denied.

 

Reason?   A 5 year old CO.

 

The underwriter told me that ANY CO, paid or unpaid results in an immediate denial.


Ouch, I didn't realize this.

 

I will attempt to add it to my memory, but I'm not optimistic of its remaining there for any significant length of time. Smiley Tongue

* 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
Super Contributor
Posts: 5,759
Registered: ‎01-28-2008
0

Re: PenFed Credit Card


aftermath wrote:

I hate to rain on your party but, everyone who applies for a Penfed CC get's to the screen where it shows what limit they would approve you for IF you are approved.

 

My application told me that I was eligible for up to $10,000 (self populated by Penfed's system).

 

I was denied.

 

I tried to recon... denied.

 

Reason?   A 5 year old CO.

 

The underwriter told me that ANY CO, paid or unpaid results in an immediate denial.


I never experienced that with PenFed.  I was  approved for $1000 and it wasn't instantly. 

Valued Member
Posts: 69
Registered: ‎04-22-2011
0

Re: PenFed Credit Card

So there's still hope!!! Smiley Happy I'm still waiting. It's pending...
Frequent Contributor
Posts: 426
Registered: ‎07-21-2010
0

Re: PenFed Credit Card

*crosses fingers*

-----------------------
My favorite card right now: Barclays Arrival Plus WEMC
Established Contributor
Posts: 519
Registered: ‎05-09-2008
0

Re: PenFed Credit Card


sarahscott1561 wrote:
So there's still hope!!! Smiley Happy I'm still waiting. It's pending...


It sure is taking a long time for your application to be approved.

 

You sure you submitted it?

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