topic Re: $5k PenFed CLI in Credit Card Approvals

$5k PenFed CLI

mgood — Mon, 22 Aug 2022 23:25:47 GMT

I asked for a CLI on my PenFed PCR (even though it is my highest CL). I was promptly denied.

Since they'd already done a HP, I figured it wouldn't hurt to ask for a CLI on my Platinum. I was expecting another rejection, but figured it wouldn't hurt to ask. It went to review. I was prepared, with POI ready to send. But they didn't ask for any documents this time and came through with a $5k increase, bringing that $10k Platinum up to $15k.

Just for grins I also asked for a CLI on my Gold sock drawer card and got another quick denial.

PenFed pulls Equifax and looks at FICO 9 (Classic). My Eq9 was 772 on Aug 1, when I pulled my reports.

If they send me something saying what it was the moment they pulled it, I'll edit this post to include it.

New accounts 8/24, 3/12, 1/6

Inquiries I think about 8/12, 2/6 or something like that.

I told them I make $68k, which is significantly more than I was making last time we went through this. That's why I was ready with POI on hand.

I have not put heavy use on this card, but I've used it every month,

Aug spend $518, statement balance $ 0.

Jul spend 684, statement balance 684.

Jun spend 457, statement balance 84.

May spend 165, statement balance 0.

Apr spend 97, statement balance 0.

Mar spend 975, statement balance 10.

Feb spend 362, statement balance 0.

Jan spend 143, statement balance 0.

Dec spend 252, statement balance 0.

Nov spend 197, statement balance 0.

Oct spend 650, statement balance 0.

Sep spend 1136, statement balance 0.

Re: $5k PenFed CLI

KingRue8500 — Mon, 22 Aug 2022 23:38:41 GMT

Congrats on your PenFed Platinum Rewards CLI

Re: $5k PenFed CLI

OmarGB9 — Tue, 23 Aug 2022 02:18:36 GMT

Congrats! Interesting they didn't approve on the PCR, but they did approve the Platinum CLI.

Re: $5k PenFed CLI

mgood — Tue, 23 Aug 2022 02:50:17 GMT

@OmarGB9 wrote:
Congrats! Interesting they didn't approve on the PCR, but they did approve the Platinum CLI.

PenFed is quirky like that. When I first got these cards, on the same HP, they would not give me a $10k card, but were happy to give me two $5k cards, and a $4.9k CLI on the Gold Visa I already had. Someone else had almost the exact same experience, with different numbers. Maybe they didn't think my profile warranted a bigger limit than the $17.5k I currently have on the PCR. But what difference does it make if they added the $5k CLI to that card or a different one? Exposure for them is the same. I don't plan to max out either of them, so it's just padding for my aggregate utilization. Doesn't really matter to me which card it goes on. (Though I was hoping to turn that PCR into my first $20k+ card, just because.)

Re: $5k PenFed CLI

CreditAggie — Tue, 23 Aug 2022 04:29:46 GMT

Congratulations on your PenFed CLI!

Re: $5k PenFed CLI

babygirl1256 — Tue, 23 Aug 2022 06:16:27 GMT

Congrats on your PenFed Platinum CLI.

Re: $5k PenFed CLI

coreyb80 — Tue, 23 Aug 2022 13:29:01 GMT

Congrats on the increase!

Re: $5k PenFed CLI

SDMarik — Tue, 23 Aug 2022 14:39:33 GMT

Congrats on the great Penfed limit increase!

Re: $5k PenFed CLI

MartyWrite75 — Tue, 23 Aug 2022 15:12:11 GMT

Congratulations on your CLI!

Re: $5k PenFed CLI

cashorcharge — Thu, 25 Aug 2022 21:45:14 GMT

WooHoo!! Congratulations on your PenFed Approval!!👏🏼🍾🥂