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Senior Contributor
john398
Posts: 3,526
Registered: ‎01-19-2009
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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: 473
Registered: ‎02-11-2013
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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...

 

Citi Hilton Honors: $25,000 -- Chase Sapphire Preferred: $25,000 -- Amex PLat: $NPSL -- Amex Everyday Preferred: $10,000 -- Citi TY Premier World: $16,800 -- NWFCU: $7,500 -- Chase Amazon Rewards: $7,000 -- Citi Home Depot: $7,000 -- Citi AAdvantage Platinum Visa Sig: $5,000 -- Visa Black Card: $5,400 -- Discover IT: $8,000 -- AmexTrueEarnings: $10,000 -- Ethan AllenGE: $4000 -- Chase Slate: $2,500 -- CapOne Platinum: $2,500 -- CapOne Platinum: $2,500 -- AmazonGE: $2,200 -- Barclays BJs: $1,800 -- WalmartGE: $1,500 -- PenFed LOC: $500
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ilovelisa
Posts: 421
Registered: ‎12-07-2012
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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. 

Amex BCE $6,000 | BofA Power Rewards WMC $10,000 | Chase Freedom VS $10,000 | Chase Marriott Premier VS $5,000 | DCU $1,000 | Discover It $1,900 | Elan VS $9,000 | Local CU Visa $3,500 | PenFed Platinum Rewards VS $5,000 | SallieMae Rewards $8,000
Senior Contributor
john398
Posts: 3,526
Registered: ‎01-19-2009
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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
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Re: PenFed ballance transfer offer

Too conservative, we can't judge. Be carefull.
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Revelate
Posts: 9,738
Registered: ‎12-30-2011
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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 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
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Senior Contributor
john398
Posts: 3,526
Registered: ‎01-19-2009
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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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