topic Re: Penfed Powercash approval! in Credit Card Approvals

Penfed Powercash approval!

man03999 — Tue, 06 Jun 2017 21:00:25 GMT

Wow I'm shocked! Was applying for the auto loan and ended up with this!

Im doing the happy dance now.

Re: Penfed Powercash approval!

Jimp2323 — Tue, 06 Jun 2017 21:02:49 GMT

@man03999 wrote:
Wow I'm shocked! Was applying for the auto loan and ended up with this!

Im doing the happy dance now.

yeah, but now your are going to have to use your card to finance the car!

Re: Penfed Powercash approval!

Anonymous — Tue, 06 Jun 2017 21:06:24 GMT

Wow!! Congratulations! This is awesome! Would you mind providing some data points about your profile. I would like to know what led to such an awesome approval. Thanks!

EDIT: I just didn't read your signature the first time...forget the data points...

Re: Penfed Powercash approval!

BPebbles — Tue, 06 Jun 2017 21:07:36 GMT

WOW!!! That's an awesome SL!! Way to go!!

Re: Penfed Powercash approval!

SouthJamaica — Tue, 06 Jun 2017 21:09:20 GMT

@Anonymous wrote:
Wow!! Congratulations! This is awesome! Would you mind providing some data points about your profile. I would like to know what led to such an awesome approval. Thanks!!

It seems that the PowerCash is being granted with unusually large starting limits. Mine was 38,500 which was 14,500 higher than my next highest starting limit at the time.

I moved most of it over to my Promise card.

I don't understand why they should be granting such large starting limits on a cash back card. How much can a person spend in a month without going broke?

Re: Penfed Powercash approval!

AverageJoesCredit — Tue, 06 Jun 2017 21:08:59 GMT

No dont forget the datapoints, im on mobile so posting can help lots of people.

Thats an amazing sl. Im left wondering who runs Penfed, you or them lol

Re: Penfed Powercash approval!

Anonymous — Tue, 06 Jun 2017 21:12:25 GMT

Congrats, awesome limit!!!

Re: Penfed Powercash approval!

Anonymous — Tue, 06 Jun 2017 22:10:56 GMT

WoW OP!!! I felt the Mike drop in Florida. Major congrats!🍾🎉🎊🎈🐬

Re: Penfed Powercash approval!

K-in-Boston — Wed, 07 Jun 2017 00:00:53 GMT

Wow, that's incredible! The NG2 score they used for me was 765 and I only got a $10k SL on my PCR (I have a $20k Defender and an auto refinance with them also). Weird that they trust you with such a large line but nearly gave you the maximum APR. When I start closing and combining accounts next year, I plan to ask for big CLIs from PenFed. Enough about me - congrats, OP!

Re: Penfed Powercash approval!

bizarrocreditworld — Wed, 07 Jun 2017 01:05:18 GMT

Anybody who can get a credit card that has a SL that is greater than 80% of my annual income must be doing something right. Congratulations!

Re: Penfed Powercash approval!

Meanmchine — Wed, 07 Jun 2017 03:56:49 GMT

I was just approved in April and my EQ score was exactly yours.

Needless to say, Im jealous

Congrats

Re: Penfed Powercash approval!

JustBPatient — Wed, 07 Jun 2017 12:00:18 GMT

Way to go..thats BIG!!

Re: Penfed Powercash approval!

sonicchris8 — Wed, 07 Jun 2017 14:25:36 GMT

Wow congrats! That's a crazy SL!

Re: Penfed Powercash approval!

Anonymous — Wed, 07 Jun 2017 16:45:46 GMT

Congrats on your awesome PenFed approval!! Love my Power Cash and PenFed

Re: Penfed Powercash approval!

man03999 — Wed, 07 Jun 2017 17:00:25 GMT

EDIT: Double post.

Re: Penfed Powercash approval!

man03999 — Wed, 07 Jun 2017 16:59:58 GMT

Thanks everyone! Been a member of penfed for almost 4 years now. Maybe thats one of their deciding factor?

Re: Penfed Powercash approval!

rebound2014 — Wed, 07 Jun 2017 17:25:42 GMT

Holy Cow!!! Wow... that's just awesome! Congrats!! Scores & number of cards/limits is similar... hope it fairs well for me next month when I join & app!!

Granted... I don't have a 4 yr relationship with them. [Play sad trombone here]

Re: Penfed Powercash approval!

Anonymous — Wed, 07 Jun 2017 18:36:22 GMT

Congratulations on your awesome approval!!!!