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Senior Contributor
john398
Posts: 3,510
Registered: ‎01-19-2009

PenFed ballance transfer offer

[ Edited ]

Got an email about 4.99% PenFed Baalance transfer offer,  does that mean I am pre approved or did they send that to eeveryone pretty much?

 

Its also above the my accounts line along with a Car Buying Servive and Real Estatew Rewards, but I know PenFed is very conservative

 

 Only have a savings account with them

Frequent Contributor
RSCo
Posts: 472
Registered: ‎02-11-2013

Re: PenFed ballance transfer offer


john398 wrote:

Got an email about 4.99% PenFed Baalance transfer offer,  does that mean I am pre approved or did they send that to eeveryone pretty much?

 

Its also above the my accounts line along with a Car Buying Servive and Real Estatew Rewards, but I know PenFed is very conservative

 

 Only have a savings account with them


careful they will accuse you of pyramiding debt...  it's a trap...  very iffy with them...

 

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Frequent Contributor
ilovelisa
Posts: 361
Registered: ‎12-07-2012

Re: PenFed ballance transfer offer

I get an e-mail about once a week about the 4.99% BT. I don't think it means you are preapproved. 

Senior Contributor
john398
Posts: 3,510
Registered: ‎01-19-2009

Re: PenFed ballance transfer offer


ilovelisa wrote:

I get an e-mail about once a week about the 4.99% BT. I don't think it means you are preapproved. 


thanks, I would not think so either

Regular Contributor
SRAGS
Posts: 163
Registered: ‎07-30-2009

Re: PenFed ballance transfer offer

Too conservative, we can't judge. Be carefull.
Moderator
Revelate
Posts: 8,310
Registered: ‎12-30-2011

Re: PenFed ballance transfer offer


john398 wrote:

ilovelisa wrote:

I get an e-mail about once a week about the 4.99% BT. I don't think it means you are preapproved. 


thanks, I would not think so either


I got the same and other offers from Penfed recently.

 

There's no way I'm approved for them, zero, zip, swabo chance unless they reduced their underwriting requirements by an absurd amount;  I would strongly suggest not reading anything into the offers.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Senior Contributor
john398
Posts: 3,510
Registered: ‎01-19-2009

Re: PenFed ballance transfer offer

ok I emailed penfed and they said:

Unfortunately, the message you received was not for a pre-approval offer. If you

wish to receive a PenFed Promise card, an application must be submitted to

consider your request.

 

Thanks everyone


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