topic I think I took AverageJoe's spot on the PenFed dislike train in Credit Card Applications

I think I took AverageJoe's spot on the PenFed dislike train

Anonymous — Wed, 18 Nov 2020 12:59:27 GMT

I've been trying to get in with them forever... not to mention they're my primary bank that receives my direct deposit.. *sighs* maybe next summer.

Re: I think I took AverageJoe's spot on the PenFed dislike train

Conceptual23 — Wed, 18 Nov 2020 13:51:26 GMT

Wow. Your scores look much better than mine when I was approved. That's just crazy! Not sure why them wouldn't approve you.

I was declined initially so I then took my banking relationship to Navy Federal and opened a cc. Two months after receiving my first Navy Fed card, I randomly submitted an app with Pendfed and was approved for my highest limit card (at the time).

Re: I think I took AverageJoe's spot on the PenFed dislike train

Brian_Earl_Spilner — Wed, 18 Nov 2020 14:02:47 GMT

@Conceptual23 wrote:
Wow. Your scores look much better than mine when I was approved. That's just crazy! Not sure why them wouldn't approve you.

I'll take credit seeking for $800, Alex.

Re: I think I took AverageJoe's spot on the PenFed dislike train

chiefone4u — Wed, 18 Nov 2020 14:15:57 GMT

@Anonymous wrote:

I've been trying to get in with them forever... not to mention they're my primary bank that receives my direct deposit.. *sighs* maybe next summer.

Can / will you share how long ago you opened your last account and how many inquiries you have in the past 12 months?

Re: I think I took AverageJoe's spot on the PenFed dislike train

WavysMommy — Wed, 18 Nov 2020 14:36:56 GMT

@chiefone4u wrote:
@Anonymous wrote:

I've been trying to get in with them forever... not to mention they're my primary bank that receives my direct deposit.. *sighs* maybe next summer.
Can / will you share how long ago you opened your last account and how many inquiries you have in the past 12 months?

I know they pull Equifax, but it looks like they had like 10 new accounts in the last 12 months based on siggy info. I'm going to assume credit seeking hurt their chances.

I resigned to wait another year for Penfed because I'd likely be declined as most of my openings were within the last 12 months.

Re: I think I took AverageJoe's spot on the PenFed dislike train

gingerflower — Wed, 18 Nov 2020 15:44:23 GMT

@Anonymous

Sorry for the denial. Have you tried sending a message to ask for reconsideration on the app.

Re: I think I took AverageJoe's spot on the PenFed dislike train

M_Smart007 — Wed, 18 Nov 2020 15:47:06 GMT

@Anonymous, Sorry for your Penfed denial

I was initially denied for having to much available credit.

Waited 6 months,

applied again after having fairly substantial checking deposits and was approved. (go figure)

Re: I think I took AverageJoe's spot on the PenFed dislike train

FinStar — Thu, 19 Nov 2020 02:38:20 GMT

@Anonymous wrote:

I've been trying to get in with them forever... not to mention they're my primary bank that receives my direct deposit.. *sighs* maybe next summer.

It's fairly possible that once you address the majority of the items listed on the letter then an approval is not out of reach. While every profile is different, you too can eventually achieve what @AverageJoesCredit did not long ago.

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Penfed-PCR/td-p/6171820

Re: I think I took AverageJoe's spot on the PenFed dislike train

Anonymous — Thu, 19 Nov 2020 05:25:22 GMT

@M_Smart007 wrote:
@Anonymous, Sorry for your Penfed denial

I was initially denied for having to much available credit.
Waited 6 months,
applied again after having fairly substantial checking deposits and was approved. (go figure)

What did they consider too much?

Re: I think I took AverageJoe's spot on the PenFed dislike train

AverageJoesCredit — Thu, 19 Nov 2020 17:15:40 GMT

@Anonymous wrote:

I've been trying to get in with them forever... not to mention they're my primary bank that receives my direct deposit.. *sighs* maybe next summer.

Man i feel ya . It stinks someone had to balance the force and ive been there once with a 810. But eventually you will pass the torch to some other poor shmoe

Re: I think I took AverageJoe's spot on the PenFed dislike train

AverageJoesCredit — Thu, 19 Nov 2020 17:18:38 GMT

The thing is , one can credit seek snd still get approved..penfed still is all over the place with approvals especially recently where even people with fresh bks are being approved. That wasnt happening last 2 years. Just gotta catch the right wave🌊👋

Re: I think I took AverageJoe's spot on the PenFed dislike train

joltdude — Thu, 19 Nov 2020 20:33:22 GMT

Expecting to see a Penfed denial with the notorious Pyramiding Debt reason code

Re: I think I took AverageJoe's spot on the PenFed dislike train

AverageJoesCredit — Thu, 19 Nov 2020 21:04:42 GMT

@joltdude wrote:
Expecting to see a Penfed denial with the notorious Pyramiding Debt reason code

Id be GP for the DP but my PCR is still 2 new

Re: I think I took AverageJoe's spot on the PenFed dislike train

Anonymous — Fri, 20 Nov 2020 06:46:51 GMT

I applied 6 times before I was approved which was just this month. Here is a list of my inquires.

Dec 21, 2018

May 17, 2019

Sept. 09, 2019

Dec 14, 2019

May 19, 2020

And finally the approval on Nov 5th, 2020

Re: I think I took AverageJoe's spot on the PenFed dislike train

hawkins — Fri, 20 Nov 2020 08:08:09 GMT

Dont give up give it 6 months and app again. Just dont add more apps or accounts in the meantime. AJC never gave up either and you read the result. Just give it time PenFed works in mysterious ways.

Re: I think I took AverageJoe's spot on the PenFed dislike train

Anonymous — Mon, 30 Nov 2020 02:16:56 GMT

@Anonymous wrote:

I've been trying to get in with them forever... not to mention they're my primary bank that receives my direct deposit.. *sighs* maybe next summer.

you just got approved for an AMEX GOLD card though. LOL you'll be alright! :-)