07-30-2012 11:11 AM
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.
07-30-2012 07:28 PM
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
07-30-2012 08:18 PM - edited 07-30-2012 10:35 PM
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.
08-21-2013 10:34 AM
08-21-2013 11:21 AM
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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.