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Super Contributor
CS800
Posts: 6,552
Registered: ‎04-07-2008
0

Re: Penfed....Almost hit the submit button....

PenFed is a tough one as far as lenders come.

 

LAst year I joined and was declined even after recon for the cashback card The next day USAA gave me their AMEX with a $4k CL instant approval

 

Even 9 months later, I dont dare app for anything with them. I have enough cards in my portfolio. But their car loans and refi's are good.




Contributor
greeneman21
Posts: 94
Registered: ‎06-18-2012
0

Re: Penfed....Almost hit the submit button....

I decided to close my Penfed account and withdraw my app, even with seemingly $5,500 approval in hand.  I felt more reckless than happy after I app'd for it. It is a very nice card, but I think my portfolio is good as it is. I had 8 Equifax inquiries, all within the last 60 days, so I'm not sure their too inquiry sensitive. I'm headed to the garden and staying there :smileyhappy:

Wallet: NFCU CashRewards 35k-- USAA AMEX 28k-- USAA World MC 22k-- Discover IT 17.5k--Chase Freedom 23.5k-- NFCU NavCheck 15k
Frequent Contributor
wreith
Posts: 461
Registered: ‎06-13-2012
0

Re: Penfed....Almost hit the submit button....

[ Edited ]

I just checked my status, I was turned down.  That wasn't totally unexpected since they are a pretty conservative lender.  I have quite a few inquiries and a recent collection that should be removed in august via dispute.  I may try a recon on Wed, I don't know yet.  Do they have a backdoor recon number?  I just figured since I already blew a HP with my joining PenFed.  It was a nice dream for the 6500 though LOL.

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PleasantlySurprised
Posts: 66
Registered: ‎04-21-2013
0

Re: Penfed....Almost hit the submit button....

 

USAA World MasterCard $10K | USAA AmEx $9.5K | USAA Platinum Visa $8K | NFCU Cash Rewards Visa Signature $13K | NFCU Platinum MasterCard $1K | Citi Diamond Preferred MasterCard $10K | Chase Sapphire Visa Signature $5K | Bank Americard Cash Rewards Visa Signature $5K | Discover IT $4.5K | Wells Fargo Rewards Visa $3K | Capital One Platinum Visa $1K | First Premier Bank MasterCard $450 | Victoria’s Secret $1K
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Kenny
Posts: 6,385
Registered: ‎01-15-2009
0

Re: Penfed....Almost hit the submit button....

I'm interested in this gold bar.. lol Where is it?
Starting Score: EQ04: 748 (1/31/14) - TU08: 755 (1/06/14)
Current Score:EX08:778(12/04) - EQ04:770(10/31) - EQ08:791(12/05) - TU08:798(12/05)
Goal Score: 800+
Frequent Contributor
koalablue
Posts: 356
Registered: ‎05-23-2012
0

Re: Penfed....Almost hit the submit button....


KennyS2006 wrote:
I'm interested in this gold bar.. lol Where is it?

I think it only appears if they have an offer or offers for you.  Not everyone gets it.  Even if you don't have it, you may still be approved if you apply though.  I was approved and I've never seen the gold bar.


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