Valued Contributor
Posts: 1,524
Registered: ‎08-17-2008

PenFed or DCU??

The question is which one is easiest to apply for and gives bigger credit lines?

$100K in Credit
Last Credit Card App: 11/16/13
Valued Member
Posts: 49
Registered: ‎08-07-2013

Re: PenFed or DCU??



Starting Score: EQ 735 Current Score: EQ 791 Goal Score: EQ 800+
Frequent Contributor
Posts: 335
Registered: ‎04-01-2013

Re: PenFed or DCU??

From my reading on here, I would believe it would be DCU for bigger credit lines, and PenFed for eaiser to get into.


EX FICO - 526 9/24/14 TU FICO - 555 9/25/14 EQ FICO - 625 9/26/14
BK Discharged 7/7/14

Credit One $300 $500 --- Capital One Quicksilver $300
Comenity/Motorola Credit $1,500 --- Comenity/JCrew $750 $950
Comenity/Sportsmans Guide Visa $2500
Established Member
Posts: 57
Registered: ‎08-05-2013

Re: PenFed or DCU??

[ Edited ]

I paid $15 donation and got into DCU pretty easy.  Not familiar with Penfed - but DCU gave me a decent CL out the gate :smileyhappy:

Gardening since: 09/27/2013 Goal: Golden spade
Posts: 10,507
Registered: ‎12-30-2011

Re: PenFed or DCU??

[ Edited ]

Penfed is, or at least was circa six months ago, incredibly conservative at least as far as their credit cards go; however, if you have a good credit report, they are a great CU.


DCU has much looser underwriting requirements: if you're a mixed file like I am, there's a lot more available, and while I'd mark them down slightly for some very confusing practices and awkward customer service stories I've heard, I've no complaints personally and they're still an excellent option once you're through the initial potential setup hassles who have been very good to me.


I have memberships at both, but I'm nowhere qualified for Penfed's credit card program; however, I may wind up talking to them for the stupid jumbo mortgage I may need.  Penfed may be trying to change this a little bit, they're certainly on an email advertising blitz with me trying to get me to refi my auto loan with them among other products, but I haven't logged into the interface for a while to see if I actually have a pre-approval with them.


Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 683, EQ 8 690, TU 710, EX 715 (01/01/15)
Goal Score: 700 on EQ 04 (01/01/16)

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Valued Contributor
Posts: 3,096
Registered: ‎01-26-2012

Re: PenFed or DCU??

PenFed is much harder than DCU to get credit from.  IE. PenFed has higher credit standards.  However PenFed seems to be much more generous with CLs if you qualify.  I think my initial card was like 25k or 30k.  PenFed credit products are more attractive from a rewards standpoint and uniqueness even though they might no longer by world class products.  DCU basically have vanilla 1% CCs.  However DCU does give monthly free FICOs which is nice.

Posts: 101
Registered: ‎05-23-2013

Re: PenFed or DCU??

Don't forget about Alliant.

CSP- $29,500, PenFed Promise Visa- $26,000, NASA Federal Credit Union Platinum Visa- $25,000, NASA Federal Credit Union PLOC- $25,000, Western Federal Credit Union PLOC- $20,000, Western Federal Credit Union Platinum Visa- $25,000, OCCU Platinum Visa- $20,000, Randolph Brooks Federal Credit UnionPlatinum Visa- $20,000, Security Service Federal Credit Union PLOC- $20,000, Security Service Federal Credit Union MasterCard- $15,000, Houston Police Federal Credit Union Platinum Visa- $15,000, BOA Cash Rewards Visa- $10,000, Merrill +- $10,000, Amex PRG NPSL, DCU Platinum Visa- $10,000, Smart Financial CU Platinum MC- $10,000, Amex BCE- $9000, Citi Hilton Honors Visa- $6000, USAA Platinum Visa- $7000, Discover IT- $7500, GEMB/Dillard's-$7500.00, GEMB/JCP-$10,000

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