topic Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo ! in Credit Card Approvals

Surprise Auto-CLI from PenFed!! Woooo Hooooo !

Aim_High — Sun, 07 Jun 2020 20:32:17 GMT

Surprise Auto CLI's are the best!!

So I got my PenFed Power Cash Rewards Visa card in November and have had it just over six months now. The SL was $15K. I didn't put super-heavy use on it but I used it regularly. Monthly balances were $422, $1302, $0, $398, $137, and $189. The high spend was while I was meeting the SUB ($100 for $1500 spend.) I didn't do heavy primary banking with PenFed, but I did have deposits in a checking and savings account as well as their Premium Online (Money Market) Savings that currently pays 1.15% APY.

I asked for a CLI a couple of weeks ago. As usual, PenFed did a HP on my EQ. They approved me for $10K! Not bad. I was pleased with my new $25K limit, but I did hope to grow it further later on.

Late last night, I logged into the website and happened to click on "Offers." I couldn't believe my eyes. I had an "Auto Finance" offer and a "Credit Card" offer. The Credit Card offer was for either a new card of my choice with a $16,700 credit limit or a CLI for the same amount on my existing card! And all this apparently without an additional hard pull! I didn't need the other card offerings (a second Power Cash Rewards, a PenFed Promise, or a Platinum Rewards Signature. *See bottom for why.) So I proceeded with the CLI authorization. I ended up with a total of $26,700 in new credit for one hard pull! Well worth it.

And my new credit limit is now $41,700 after only six months with the card!

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

There were only three other card options and none of them fulfilled any holes in my lineup.

* The PenFed Promise has a low APR for balance transfers but I didn't need that.

** I didn't need a second Power Cash Rewards.

*** And the Platinum Rewards pays best on gas (5 points = about 4.25% redemption) and groceries (3 points = 2.55%) but those are categories I have covered almost as well if not better with other cards. My Chase Freedom and Discover IT both have those as rotating 5% categories. My Costco Visa also pays 4% already on gas for up to $7K per year. And when the rotating category cards aren't paying for groceries, I already have my UMB Simply Rewards program Visa (AFBA) and AOD FCU Visa that both pay 3% on groceries.

**** The Pathfinder Rewards travel card is suspended pending the coronavirus or I might have considered applying for that instead.

Meanwhile, I like having fewer high-limit cards anyway, so the $41.7K CL was attractive to me anyway!

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

AllZero — Sat, 06 Jun 2020 20:16:31 GMT

Congratulations on your CLI! SP is the best.

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

gdale6 — Sat, 06 Jun 2020 20:17:24 GMT

Excellent a nice double play on the same card!

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

slickwidit — Sat, 06 Jun 2020 20:21:20 GMT

Congratulations on the huge increase! I know my time is coming for offers like this with PenFed!

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

CYBERSAM — Sat, 06 Jun 2020 20:21:41 GMT

Congrats! Nicely done 👍👍

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

K-in-Boston — Sat, 06 Jun 2020 20:36:18 GMT

Nice! I'm always really happy to see people get those offers.

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

M_Smart007 — Sat, 06 Jun 2020 20:53:26 GMT

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

CreditAggie — Sat, 06 Jun 2020 21:10:29 GMT

Congratulations on your MONSTER PenFed CLI!

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

M_Smart007 — Sat, 06 Jun 2020 21:23:35 GMT

@Aim_High, Sorry .. forgot to say; "TAKE THAT AMEX"

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

SarahJo — Sat, 06 Jun 2020 21:50:04 GMT

Hooray!

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

nuohlac — Sat, 06 Jun 2020 22:30:26 GMT

Congratulations on your CLI!!! Nothing like a PenFed offer; something about choose how you take our money is just awesome.

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

ChazzieT — Sat, 06 Jun 2020 23:11:00 GMT

Congratulations!

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

rafy023 — Sun, 07 Jun 2020 02:47:38 GMT

Congratulations! That's an amazing story... I'm hoping to be in your shoes with them one day. I feel like an idiot but I still can't seem to figure out how to request a CLI online for my Platinum Rewards card lol.

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

Anonymous — Sun, 07 Jun 2020 03:44:10 GMT

Congratulations. That's so awesome. I have them for checking, savings, and premium savings too. I got my PCR through penfed offers in April. It was a sp. I hope I get an offer to lower my apr or at least 5k more. penfed has been great.

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

Anonymous — Sun, 07 Jun 2020 06:19:52 GMT

Wow, congrats!

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

Anonymous — Sun, 07 Jun 2020 06:25:27 GMT

Thats amazing congrats on that stellar CLI.

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

Anonymous — Sun, 07 Jun 2020 06:26:25 GMT

@Aim_High Super Congrats on your PenFed PCR CLI to $41,700!!!

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

AverageJoesCredit — Sun, 07 Jun 2020 13:20:40 GMT

Noice maybe aim low now?

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

Anonymous — Sun, 07 Jun 2020 17:04:40 GMT

Congratulations

Re: Surprise Auto-CLI from PenFed!! Woooo Hooooo !

Rogue46 — Sun, 07 Jun 2020 17:55:24 GMT

Congratulations on your awesome CLI!