No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
@CarlosC88 wrote:
Can anyone apply for Penfed? Are there special requirements?
Need to toss a donation to an organization IIRC, but other than anyone can join.
@CarlosC88 wrote:
Can anyone apply for Penfed? Are there special requirements?
Depends what you mean! Anyone can join the Penfed CU, but if you don't meet the listed requirements, you join by joining one of two other organizations, which costs about $20. (In contrast, many CUs, such as NCFU, don't have a backdoor like this to join if you don't meet their requirements)
Once you are a member, or at the same time you apply, you can also apply for a credit card. Generally they are regarded as a very conservative lender, looking for a longish history without (many) baddies. So some people who get declined for a card feel "cheated" because they are also out $20....
Penfed is a very conservative lender. I was told by one of their credit analyst that they look for a close to clean report and FICO over 720. They checked EQ for me.
Overall, great CU