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Senior Contributor
Posts: 3,528
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

Established Contributor
Posts: 569
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...

 

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Established Contributor
Posts: 505
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. 

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Senior Contributor
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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
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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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 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Senior Contributor
Posts: 3,528
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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