03-14-2013 08:49 AM
I don't believe deposit amount affects approval for PenFed's products.
They love low utilization, clean reports, and low DTI.
I believe this is correct. My wife has the Platinum Cash Rewards for almost 3 years now. We also have a substantial amount in a CD. Never any preapprovals. Although they keep pushing a "low interest" loan against the CD.
03-14-2013 09:24 AM
06-05-2013 12:36 PM
Hey Pilotdude, old thread I know, sorry but I just wondered... somewhere between your first post and today, you got in with NFCU. How?
06-05-2013 02:32 PM
I got in from Father, Uncle, other Uncle. Turned out I have more than one relative who are members and so it was pretty simple.
06-05-2013 02:44 PM
I will tell when I did my last app spree on 3-13, I went for the following cards in order all within 30 minutes.
Amex Hilton Surpass, Approved, but only 2k limit.
Pen Fed Cash rewards Visa approve instantly 19k
Pen Fed Personal Line of Credit, approved 20k
Citi Hilton Honors, approved 15k
Chase Priority Club Visa, approved 8.4k
B of A Hawaii VIsa Sig, approved 5k
GE Sams Discover, approved 3k.
Since then I have used the Pen Fed accounts and never heard a word about inq or new accounts. Keeping my nose clean and PIF all but one card.
Have not pulled FICS's lately, so I do not know where I sit, just in the garden for now.
Working on SP CLI's.
Pen Fed are my largest limits. I guess the stars, moon, and earth all were in perfect harmony.
I love Pen Fed.
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