Rebuilding. Should I join PENFED and when?

[Funk-O-Meter]

Credit rebuilder here. Going great. Gardening 3 cards and just got a CLI from AMEX to 6k. Going to be shopping for a used car loan in a few months and a morgage next year hopefully and I'm considering joining PENFED.

In know their conservative and will do a hard pull when I apply.

I know I can use that pull to apply for their products for up to 90 days.

I know they offer some of the best deals around and I'd be interested in apping with them in the years to come for auto's and morgates.

Can I get approved for an account?

Can I get approved for used car loan?

Should I do the $10 deposit thing?

If I can't get approved for anything now is it worth it to get my foot in the door and establish a relationship?

Here's my specs:

Orchard: $550

AMEX:  $6k

Chase:  $1k

AAOA: 10mo's

Oldest: 1y11mo

No negatives no lates

1 hard pull showing.

over all util: 16%

[drkaje]

If your credit is dead clean, with no negatives, and low utilization you might get one of their cards.

[beautybrainsbooty]

I opened with Penfed last week. Paid the 10 bucks. App'd for a card. With a solid EQ myfico of 681, car loan paid on time, and a few paid and closed CCs (before I knew about this forum), they denied me for a credit card. The person I spoke with said I could fax a recon letter to the department explain my ONE and ONLY almost two year old collection which is in dispute and possibly get a "starter" card. That being said, I do plan on keeping the account with them because of their outstanding offerings. The funny thing is, the day before that I was approved at USAA and Walmart, an installment loan and a for a secured by Cap1. 

I honestly think its worth it for the future. Good Luck!