Established Member
Jazzytimes
Posts: 32
Registered: ‎05-17-2008
PENFED APPROVAL $20,000

‎06-22-2008 01:09 PM

HI
 
having read several good post about penfed gas card, i went ahead and called them for info. I proceeded with opening a membership and was charged $25 and applied for the visa cars which was approved instantly for 20K. i hope they don't call me to change their minds. has this happen to anyone? i should get membership info next week and credit card the following week.
 
the csr only used my wife's income and not household. I am keeping my fingers crosses
 
EQ 738 
 
thanks for all your help and support
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Established Contributor
nicemann
Posts: 578
Registered: ‎03-12-2008
Re: PENFED APPROVAL $20,000

‎06-22-2008 01:20 PM

Major Congrats!  I am assuming it is a shared account with both of you getting Visa's.  What is your highest CL on your other CCs?  Wondering if that is why they went so high.
As of 04/23/2011 - 731 for EQ FICO
As of 03/02/2012 - 779 for TU FICO
As of 12/2010 - 720 - 729 For EX (Chase FICO Score Provided by EX)
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Valued Contributor
ashabbir1
Posts: 1,084
Registered: ‎06-24-2007
Re: PENFED APPROVAL $20,000

‎06-22-2008 01:27 PM

My friend just got 45,000 initial credit limit and he just requested 15,000 but he has 800 +
 
score.
 
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Valued Contributor
oracles
Posts: 1,652
Registered: ‎08-18-2007
Re: PENFED APPROVAL $20,000

‎06-22-2008 01:43 PM

do they ever ask you for pay stubs if it goes to a loan officer for review
2012 Goals - 800 club
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Established Contributor
SonorityGenius
Posts: 729
Registered: ‎10-21-2007
Re: PENFED APPROVAL $20,000

‎06-22-2008 01:43 PM

Penfed max CL is 40k, read somewhere it was upped to 50k so his request will probably be denied of being 5k over limit
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Moderator Emeritus
psychic
Posts: 1,518
Registered: ‎04-20-2007
Re: PENFED APPROVAL $20,000

‎06-22-2008 01:56 PM

Congratulations on the new card and great credit line, Jazzytimes!!!
EQ 814 / TU 815 / EX 842
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Valued Contributor
ashabbir1
Posts: 1,084
Registered: ‎06-24-2007
Re: PENFED APPROVAL $20,000

‎06-22-2008 01:56 PM

He applied for penfed gas rewards card and he got the initial limit of 45,000 and their
 
maximum limit is 50,000.
 
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Valued Contributor
ashabbir1
Posts: 1,084
Registered: ‎06-24-2007
Re: PENFED APPROVAL $20,000

‎06-22-2008 01:58 PM

I applied for 25000 dollar limit and they gave 250. I guess they forgot to add 2 more zeros :smileyhappy:
 
 
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Valued Contributor
oracles
Posts: 1,652
Registered: ‎08-18-2007
Re: PENFED APPROVAL $20,000

‎06-22-2008 02:06 PM

hey ash, in there review, did they ask for any pay stubs to give you 250 dollars
2012 Goals - 800 club
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Valued Contributor
ashabbir1
Posts: 1,084
Registered: ‎06-24-2007
Re: PENFED APPROVAL $20,000

‎06-22-2008 02:08 PM

LOL I was kidding. I applied over 8 months ago and I was denied because of too many
 
new open accounts. I am trying to apply again but I am scared :smileyhappy:
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