topic Re: Finally a PenFed Large Approval... in Credit Card Approvals

Finally a PenFed Large Approval...

Anonymous — Fri, 17 Jan 2020 15:36:38 GMT

PenFed turned me down twice a year ago for a car loan. I sat with their little $500 overdraft line since then. I applied 20 minutes ago for the Power Cash Rewards Visa and BOOM an instant approval for $17,500. I wonder if I should ask them to increase on my overdraft line on this HP? Or apply for another card?

Re: Finally a PenFed Large Approval...

Anonymous — Fri, 17 Jan 2020 15:38:13 GMT

Congrats on your approval.

Re: Finally a PenFed Large Approval...

Rebuild2019 — Fri, 17 Jan 2020 15:41:21 GMT

Congrats 💳🎈💯 @BackInAction on your Approval

Re: Finally a PenFed Large Approval...

Marz2002 — Fri, 17 Jan 2020 15:55:21 GMT

CONGRATS @BackInAction on your PenFed Power Cash Rewards approval!

Do you have any Data Points to share?

Re: Finally a PenFed Large Approval...

Anonymous — Fri, 17 Jan 2020 15:56:18 GMT

Congratulations ! PenFed is handing out the candy lately !!

Re: Finally a PenFed Large Approval...

Anonymous — Fri, 17 Jan 2020 16:00:26 GMT

@Marz2002 wrote:
... Do you have any Data Points to share?

Yes please. I'm also curious what's changed since last year's denials.

Re: Finally a PenFed Large Approval...

Anonymous — Fri, 17 Jan 2020 16:04:03 GMT

Equifax 694 TU 632 Experian 684

Income $400k

35% usage

Late stages of credit recovery.

$30,000 line from Savor.

This $17,500 line is now my second largest.

Re: Finally a PenFed Large Approval...

AverageJoesCredit — Fri, 17 Jan 2020 16:08:28 GMT

Congrats 400k will usually do it

Penfed only gives me pop rocks, to be polite😂

Re: Finally a PenFed Large Approval...

Marz2002 — Fri, 17 Jan 2020 16:16:05 GMT

@Anonymous wrote:
Equifax 694 TU 632 Experian 684
Income $400k
35% usage
Late stages of credit recovery.
$30,000 line from Savor.
This $17,500 line is now my second largest.

thanks for the DPs! Did PenFed request a POI?

Re: Finally a PenFed Large Approval...

Traveler101 — Fri, 17 Jan 2020 16:19:32 GMT

Congrats. Pull should be good for multiple uses. You can call and ask. Get yourself some use out of it. Maybe another card as well? Good luck. Let us know how you make out. They have been generous lately.

Re: Finally a PenFed Large Approval...

Anonymous — Fri, 17 Jan 2020 16:42:10 GMT

PenFed did not ask for POI.

Re: Finally a PenFed Large Approval...

Marz2002 — Fri, 17 Jan 2020 17:12:37 GMT

@Anonymous wrote:
PenFed did not ask for POI.

@BackInAction Thanks for the info and CONGRATS again!

Re: Finally a PenFed Large Approval...

Anonymous — Fri, 17 Jan 2020 17:21:19 GMT

Congratulations!

Re: Finally a PenFed Large Approval...

AllZero — Fri, 17 Jan 2020 17:37:31 GMT

Congratulations on your approval!

Re: Finally a PenFed Large Approval...

M_Smart007 — Fri, 17 Jan 2020 17:54:11 GMT

Congrats!

Re: Finally a PenFed Large Approval...

Anonymous — Fri, 17 Jan 2020 21:26:46 GMT

Congrats on your PenFed PCR approval!

Re: Finally a PenFed Large Approval...

thornback — Fri, 17 Jan 2020 21:30:17 GMT

Congrats on your approval (finally !!) & great SL!

Re: Finally a PenFed Large Approval...

Aim_High — Sat, 18 Jan 2020 00:51:13 GMT

@Anonymous wrote:
... I applied ... for the Power Cash Rewards Visa and ... BOOM ... an instant approval for $17,500.

Boom is right!! Awesome CLI !!!

PenFed does love getting to know you first.

Your prior history with them paid off!

Congrats!!

Re: Finally a PenFed Large Approval...

WowCool — Sat, 18 Jan 2020 02:26:45 GMT

Congratulations on your Penfed LARGE !!

Re: Finally a PenFed Large Approval...

coreyb80 — Sat, 18 Jan 2020 11:41:33 GMT

Congrats on the approval and nice SL!