topic Re: PenFed Under Review in Credit Card Applications

PenFed Under Review

Anonymous — Tue, 08 Dec 2020 22:53:14 GMT

Has anyone applied for a PenFed card recently and had it go under review? I'm being impatient, just wanted to see about how long it's taking them these days to review.

Re: PenFed Under Review

FinStar — Wed, 09 Dec 2020 00:20:18 GMT

Review timeframes can vary from 24-72 hours at minimum. Some can take a bit longer. You can reach out to them to see whether additional information is required with your application (be aware of longer hold times these days) or just sit tight until a decision is made.

Re: PenFed Under Review

Datx — Wed, 09 Dec 2020 02:38:42 GMT

Here is my recent experience with them. Applied for a personal loan early Monday morning. Went through review as they needed various docs such as ID, SSN, POI. Uploaded documents a couple of hours later. Didn't get much through Monday during the day. So after checking the application status a few times, it seems like my documents were accepted except they were still needing POI. So I had to re-submit that info again. No other status for Monday. Today on Tuesday, I checked the status and then sent them an email asking for status as it looked to me they were still needing POI uploaded. I got a reply stating that applications can take 24 to 72 business hours to review and that they currently have an application volume that is higher than normal. 5 minutes after recieving that message, I got an email that my personal loan was approved.

So...after reading a few threads on PenFed. I applied for their Visa Gold, I was thinking they would just use the same pull as my personal loan, but I immediately got a notification that I got an inquiry hit. Ugh. Application is now under review. So will play the waiting game again.

Re: PenFed Under Review

M_Smart007 — Wed, 09 Dec 2020 11:03:29 GMT

@Datx wrote:
Here is my recent experience with them. Applied for a personal loan early Monday morning. Went through review as they needed various docs such as ID, SSN, POI. Uploaded documents a couple of hours later. Didn't get much through Monday during the day. So after checking the application status a few times, it seems like my documents were accepted except they were still needing POI. So I had to re-submit that info again. No other status for Monday. Today on Tuesday, I checked the status and then sent them an email asking for status as it looked to me they were still needing POI uploaded. I got a reply stating that applications can take 24 to 72 business hours to review and that they currently have an application volume that is higher than normal. 5 minutes after recieving that message, I got an email that my personal loan was approved.

So...after reading a few threads on PenFed. I applied for their Visa Gold, I was thinking they would just use the same pull as my personal loan, but I immediately got a notification that I got an inquiry hit. Ugh. Application is now under review. So will play the waiting game again.

Congrats on your loan approval. Good Luck on your Penfed Gold application.

Re: PenFed Under Review

Conceptual23 — Wed, 09 Dec 2020 12:28:55 GMT

Yes, my app was under review for about 24 hrs due to a fraud alert on my credit profile. I then received a call from Pendfed to verify my identity and confirm that the application was legitimate. Thirty seconds later, I was approved.

Re: PenFed Under Review

Anonymous — Wed, 09 Dec 2020 15:08:08 GMT

@Datx congratulations on your approval! Thanks for the info as well. It's only been 24 hours for me so I guess I still have a chance lol Good luck on your Gold Visa Application

Re: PenFed Under Review

cashorcharge — Wed, 09 Dec 2020 18:07:44 GMT

@Conceptual23 wrote:
Yes, my app was under review for about 24 hrs due to a fraud alert on my credit profile. I then received a call from Pendfed to verify my identity and confirm that the application was legitimate. Thirty seconds later, I was approved.

That's great! Congratulations on your approval!

Re: PenFed Under Review

Datx — Wed, 09 Dec 2020 19:05:31 GMT

@M_Smart007 Thanks!

@Anonymous Thanks! Good luck on your application as well. Hopefully you get good news today!

Re: PenFed Under Review

M_Smart007 — Wed, 09 Dec 2020 20:32:28 GMT

@Conceptual23 wrote:
Yes, my app was under review for about 24 hrs due to a fraud alert on my credit profile. I then received a call from Pendfed to verify my identity and confirm that the application was legitimate. Thirty seconds later, I was approved.

Congratulations on your approval!!

Re: PenFed Under Review

TIPPY-BOB — Sun, 31 Jan 2021 18:55:26 GMT

Thanks for posting. Hope you got approved. Did you? Also, I noticed you didn't provide any DPs (data points) surrounding your application. Any DPs to share? Much appreciated.

Re: PenFed Under Review

Aspireto850 — Mon, 01 Feb 2021 23:46:57 GMT

I applied for my first card with them last week and was instantly denied but my letter hadn't been updated to the site yet. So on 1/29 I applied for the PCR cards using the same hard pull, with an Agent, and it went to review. on 2/1 shows it's still under review.

What's strange is that the declination letter for the Pathfind is now visible and it says reason for denial 'income insufficent for the amount requested'. Well, one I didn't request an amount and two they MUST have typed my income in wrong. I will call tonight to see if they need additional information to try and push the 2nd app along and get my approval (i'm claiming it )

Re: PenFed Under Review

Anonymous — Fri, 02 Apr 2021 14:57:42 GMT

@Anonymous what ultimately happened?

Re: PenFed Under Review

Anonymous — Mon, 05 Apr 2021 03:06:29 GMT

@Anonymous @It was declined