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I just joined PenFed and I'm looking at the gas card. I have a solid background and think I'll do fine in apping for it. As of now I'm the only one who applied to PenFed. I'm the bread winner in the family and my wife is home with the kids and I wasn't sure if we should app for the gas card together or should I do it be myself. Both of our reports are spotless with +780 FICOs (although she has no income).
If I apply by myself I assume I can add her as an AU later? I want to maximize my chance of being approved and at the same time she does a lot of driving in an SUV so I'd like her to have a card too. Anyone have any thoughts on the best way to go about applying for this card?
@Anonymous wrote:I just joined PenFed and I'm looking at the gas card. I have a solid background and think I'll do fine in apping for it. As of now I'm the only one who applied to PenFed. I'm the bread winner in the family and my wife is home with the kids and I wasn't sure if we should app for the gas card together or should I do it be myself. Both of our reports are spotless with +780 FICOs (although she has no income).
If I apply by myself I assume I can add her as an AU later? I want to maximize my chance of being approved and at the same time she does a lot of driving in an SUV so I'd like her to have a card too. Anyone have any thoughts on the best way to go about applying for this card?
If it doesn't appear you are overextended and have high income, you shouldn't have any problems getting approve. Your 780 score is excellent.
App for the card individually and make her an AU. Make sure you ask for at least $10K CL an possibly quite a bit higher if you have a significant income.
Thanks for all the advice. I applied with my wife for the PenFed gas card and it's pending. So far there's just one hard inq on Eq for PenFed and hopefully they'll use that for both opening the account and CC.
As a side note I also app'd for the Costco AMEX card yesterday and while that's still pending I don't see any inqs on any reports? I did have an inq from last month on Ex - perhaps they used the same one?
If all works out I'll have my three major cards: USAA World MC, PenFed Visa and Costco AMEX - with my current situation using a combo of these should maximize my cash back/rewards.
OT alert: "idmd"? Are you in infectious diseases, may I ask? (I have a daughter in medical school planning to go into ID.)
I guess "idmd" can be broken down into either "id" & "md" or "i" & "dmd"......not an infectious disease doc just a lowly dentist.
Anyway I already applied with my wife and so we'll see how this ends up. Most of her revolving credit is as an AU on my accounts and none of them report to her reports. Her scores are higher than mine (I have some significant education loans) and I'd think they'll likely be helped if she has some more activity on her reports.
@Anonymous wrote:
Well PenFed just asked for income verification which I just submitted. Guess that's a good sign.
That is not surprising since you are a dentist and most likely self-employed or a partner. And yes, it is a very good sign!
creditwherecreditisdue wrote:
@Anonymous wrote:
Well PenFed just asked for income verification which I just submitted. Guess that's a good sign.That is not surprising since you are a dentist and most likely self-employed or a partner. And yes, it is a very good sign!