No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
- Approved or Declined? Approved
- Date of app? 9/11/09
- EQ FICO at app? 734
- # of Inquiries at app? 7
- Any Derogs at app: (1) 30 day late 3 years ago
- Oldest Account Age? 11y, 6m
- Newest Account Age? 10 months
- AAoA at app? 6 years, 7 mo
- Highest CL at app? $7,500
- EQ Utilization Percentage? 1%
- Requested CL? $10K
- Instant Approval, LO Review or Decline? Instant
- Income Verification Required? No
- Any Counter Offer from PenFed? No
- If declined, reason given?
- Any comments you think helpful?
Also preapproved for 35,000 auto loan - I declined. Individual income 110,000, 15 years same employer. This makes three $10,000 cl approvals in the last week. I'm done!
- What did you App for (CC, Auto...)? CC
- Approved or Declined? Approved
- Date of app? 09/09/09 (lucky number 9)
- EQ FICO at app? 708
- # of Inquiries at app? 1 from citibank (approved 7k citi forward)
- Any Derogs at app: None
- Oldest Account Age? 3 yrs 3 Months
- Newest Account Age? 9 months
- AAoA at app? 1 yr 7 Months?
- Highest CL at app? AU on 4k BOA
- EQ Utilization Percentage?19%
- Requested CL? 10K
- Instant Approval, LO Review or Decline? LO Review
- Income Verification Required? Yes
- Any Counter Offer from PenFed? Yes - 5K
- If declined, reason given? N/A
- Any comments you think helpful?
- Approved or Declined? Approved
- Date of app? August 2009
- EQ FICO at app? 760's each (we apped jointly because I'm in grad school w/ only part-time income)
- # of Inquiries at app? 0 on EQ
- Any Derogs at app: Yup, 12 lates for hubby / 4 lates for me (from 2002 thru 2005) (all 30-day, but one 60-day)
- Oldest Account Age? 23 yrs & 25 yrs
- Newest Account Age? 3 mo old AmEx
- AAoA at app? 7 yrs me / 9 yrs hubby
- Highest CL at app? $15k (highest revolving) (also have $150k heloc, investment mortgages, etc)
- EQ Utilization Percentage? 2%
- Requested CL? 5K (She said..."So, you want the 5,000?" The coward in me said...sure)
- Instant Approval, LO Review or Decline? "Tentative Approval" right away if income could be verified
- Income Verification Required? Hubby self-employed...so 2 yrs 1040's / 2 yrs Schedule Cs / 2 yrs Schedule Es (rental property income)
- Any Counter Offer from PenFed? No
- If declined, reason given? N / A
- Any comments you think helpful? I applied by phone, and I believe that helped in our case. My husband isn't a PenFed member, so I didn't know I could still use him as a joint so that we could consider total HHI. I had started an app on my own and realized that my part-time income likely wasn't going to cut it. I'm an RN, so it's good part-time income, but not enough to support mortgage, heloc, etc. I had withdrawn my app. When I called PenFed about something else, the CSR asked why I had withdrawn the app. We started talking. She walked me through the app on the joint basis. And here we are. The rewards on this VISA are better than my current rewards card, so, it has become our new go-to card.
Tons_of_Debt wrote:
I'm curious...do most people applying for PenFed CCs successfully also have savings accounts with them?
in order to be eligible to apply for a cc one must first have a share (savings) acct., as is the case with most CU.
- Approved or Declined? Declined for everything but a savings account.
- Date of app? Early November 2009
- EQ FICO at app? 664
- # of Inquiries at app? 17 Inquries
- Any Derogs at app: None
- Oldest Account Age? 6 years
- Newest Account Age? 1 year
- AAoA at app? Don't remember
- Highest CL at app? 4300
- EQ Utilization Percentage? 26%
- Requested CL? 3,000
- Instant Approval, LO Review or Decline? Instant Decline on everything but savings.
- Income Verification Required? No
- Any Counter Offer from PenFed? No
- If declined, reason given? too many accounts with bal (it was like 160 here 270 there)
What did you App for (CC, Auto...)? Savings, CC
- Approved or Declined? Declined for cc, Savings ok
- Date of app?10/14/09
- EQ FICO at app? 691
- # of Inquiries at app? 2
- Any Derogs at app :2
- Oldest Account Age? 7 yrs
- Newest Account Age? 3 mths
- AAoA at app? 2 yrs
- Highest CL at app? $300
- EQ Utilization Percentage? 14%
- Requested CL? 5K
- Instant Approval, LO Review or Decline? decline
- Income Verification Required? no
- Any Counter Offer from PenFed? no
- If declined, reason given? post bk 7yrs,
- Any comments you think helpful? Just thought I would try Penfed, as I just got a $24,000 car loan throught my CU at 5.49%, it does not report on EQ on EX (darn it, wasted inq).
score_building wrote:
Tons_of_Debt wrote:
I'm curious...do most people applying for PenFed CCs successfully also have savings accounts with them?in order to be eligible to apply for a cc one must first have a share (savings) acct., as is the case with most CU.
What did you App for (CC, Auto...)? CC
- Approved or Declined? Approved
- Date of app?9/09
- EQ FICO at app? 792
- # of Inquiries at app? 7
- Any Derogs at app :0
- Oldest Account Age? 9 yrs
- Newest Account Age? 1 mths
- AAoA at app? 3yrs
- Highest CL at app? $4000
- EQ Utilization Percentage? 1%
- Requested CL? 5K
- Instant Approval, LO Review or Decline? LO
- Income Verification Required? Yes
- Any Counter Offer from PenFed? Yes, $1,000
- If declined, reason given?
- Any comments you think helpful?
yeppers, for many of us it serves merely as a small opportunity cost in exchange for the benefits of membership.
the highest required share deposit i've come across so far was AFCU - $100.00 which seems higher than most. the share deposit required at my university CU was $50.00 i think it's probably more common to see a $5.00 initial share deposit required for opening and to maintain membership.
with a CU like alliant competitive deposit rates have also been one of the nice benefits of membership.