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Valued Contributor
Mustanglvr2006
Posts: 1,971
Registered: ‎02-06-2011
0

Re: PenFed Credit Card


sarahscott1561 wrote:

Well, that's doodie.

 

There ya have it, I guess. :smileyhappy:

 

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... :smileyhappy: 

 


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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Established Member
sarahscott1561
Posts: 60
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. :smileyhappy: 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...

 

 


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Valued Contributor
Mustanglvr2006
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
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Established Member
sarahscott1561
Posts: 60
Registered: ‎04-22-2011
0

Re: PenFed Credit Card

Thank you!!! :smileyhappy: I sincerely appreciate that!!!


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Valued Contributor
Mustanglvr2006
Posts: 1,971
Registered: ‎02-06-2011
0

Re: PenFed Credit Card

You are very welcome :smileyhappy:


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
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Epic Contributor
haulingthescoreup
Posts: 28,098
Registered: ‎04-01-2007
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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. :smileytongue:

* 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
DI
Posts: 5,744
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. 

Established Member
sarahscott1561
Posts: 60
Registered: ‎04-22-2011
0

Re: PenFed Credit Card

So there's still hope!!! :smileyhappy: I'm still waiting. It's pending...

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hedgeclipper2
Posts: 421
Registered: ‎07-21-2010
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Re: PenFed Credit Card

*crosses fingers*

-----------------------
My favorite card right now: Barclays Priceline Visa Signature
Established Contributor
aftermath
Posts: 519
Registered: ‎05-09-2008
0

Re: PenFed Credit Card


sarahscott1561 wrote:
So there's still hope!!! :smileyhappy: 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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