topic Re: Penfed Gold Visa Card Approved with only 5K in Credit Card Approvals

Penfed Gold Visa Card Approved with only 5K

mrinal — Thu, 18 May 2023 11:01:27 GMT

Hi,

My application for the Penfed Gold Visa Card has been approved with 5k initial credit line. It is too less. Do they reconsider? Should I call them? What should I tell them?

Thanks

Re: Penfed Gold Visa Card Approved with only 5K

FireMedic1 — Thu, 18 May 2023 12:21:43 GMT

Congrats! You may have gotten what they feel was right with your file. Remember lenders baddies are on the rise. Peek into Credit in the News. You'll see.

Re: Penfed Gold Visa Card Approved with only 5K

SUPERSQUID — Thu, 18 May 2023 16:06:20 GMT

CONGRATS !!!!!!

Its not a terrible sl. I think that card comes with a bt offer 15 months at zero 3pct fee

Re: Penfed Gold Visa Card Approved with only 5K

M_Smart007 — Thu, 18 May 2023 16:11:59 GMT

Congrats on your PenFed Approval.

I doubt that they would reconsider the SL.

Re: Penfed Gold Visa Card Approved with only 5K

CreditMagic7 — Thu, 18 May 2023 16:15:07 GMT

Congratulations on your Penfed Gold Visa Card Approval!

Re: Penfed Gold Visa Card Approved with only 5K

gingerflower — Thu, 18 May 2023 16:33:45 GMT

Congratulations!

Re: Penfed Gold Visa Card Approved with only 5K

CreditAggie — Thu, 18 May 2023 21:41:42 GMT

Congratulations on your PenFed Gold approval!

Re: Penfed Gold Visa Card Approved with only 5K

NoMoreDebt — Thu, 18 May 2023 22:59:23 GMT

congrats on the approval

Re: Penfed Gold Visa Card Approved with only 5K

Janneman — Fri, 19 May 2023 03:40:18 GMT

@mrinal wrote:
Hi,
My application for the Penfed Gold Visa Card has been approved with 5k initial credit line. It is too less. Do they reconsider? Should I call them? What should I tell them?

Thanks

I am sure that they will NOT reconsider it as I have been in this situation with them a few years back. However, you will be able to ask for CLI after 6 months...At that time, they could increase big time if you would use the account enough. However, keep it in mind that the underwriting for their Gold card is not that good...meaning, most of the time they don't give enough CLI on this card...Don't know why...but you can always apply another card with them or ask for CLI (after 6 months later). Good luck...

Re: Penfed Gold Visa Card Approved with only 5K

alextercero — Fri, 19 May 2023 04:55:05 GMT

Congrats on your approval

Re: Penfed Gold Visa Card Approved with only 5K

JoeRockhead — Fri, 19 May 2023 12:08:42 GMT

Nothing at all wrong with a 5k SL, congratulations on the approval!

Re: Penfed Gold Visa Card Approved with only 5K

coldfusion — Fri, 19 May 2023 12:32:39 GMT

No real harm in calling and pleading your case if you have already have a specific balance that you're looking to transfer but keep your expectations of a positive outcome in check.

Re: Penfed Gold Visa Card Approved with only 5K

user979797 — Fri, 19 May 2023 15:04:53 GMT

Congrats on your PenFed Gold approval. Probably will not recon the SL but you can always call and ask them. This card has a 15k max limit. Worst case wait 6 months and ask for a CLI! Congrats again on your gold card approval

Re: Penfed Gold Visa Card Approved with only 5K

Danmae777 — Sun, 21 May 2023 19:07:19 GMT

It's a start, by the way, congratulations.