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PenFed ballance transfer offer

Senior Contributor

PenFed ballance transfer offer

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

Message 1 of 7
6 REPLIES
Established Contributor

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...

 

$30,500$18,500NPSL$15,000$10,000$25,000$32,000
Message 2 of 7
Established Contributor

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 $10,000 | BofA Power Rewards WMC $10,000 | Discover It $10,000 | ICBC Preferred Gold UnionPay $8,000 | Local CU Visa $3,500
Message 3 of 7
Senior Contributor

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

Message 4 of 7
Regular Contributor

Re: PenFed ballance transfer offer

Too conservative, we can't judge. Be carefull.
Message 5 of 7
Moderator

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 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Message 6 of 7
Senior Contributor

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

Message 7 of 7