Re: Penfed Auto Loan Speculation

Anonymous · ‎02-06-2013

My wife is going to be applying for a PenFed auto loan in March. I'm a little hesitant about doing ANYTHING with her credit as PenFed is so picky. She currently has an AMEX BCP (Got it last October) with a $2k limit and a bank credit card shes had for a little over two years, also with a $2k limit.

My question is do you feel asking Amex for a CLI would help or hurt her with Penfed? Her credit score is low 700s, due mostly I believe to the fact she has so little credit history.

SpeedingWheels · ‎02-06-2013

Amex should be a soft pull and you should ask for 3x her current CL.

Walmart Discover ($5000) - Amazon ($5500) - Cap1 Cash Rewards ($2000) - Meijer ($5000) - Discover More ($1800) - Car Care One ($2100) - Amex Delta Skymiles ($2000) - Citi Thank You Preferred ($2000) - Chase Freedom ($500) - Sam's Club, GE ($1237?)

SnackTrader · ‎02-06-2013

As long as it is a soft pull, which most members report from Amex CLIs, then PenFed won't even see anything about it on your report. They will just see a high limit Amex.

In My Wallet: Amex BCP (12/12) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015

Penfed Auto Loan Speculation

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Penfed Auto Loan Speculation

Re: Penfed Auto Loan Speculation

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