topic Re: Penfed application pending in Credit Card Applications

Penfed application pending

Anonymous — Sat, 13 Mar 2021 06:46:55 GMT

Hi everyone,

I just applied for a PenFed cash Cc and I received a notice that my application is pending and I have to upload documents. Proof of address, picture ID, and SS card. I just uploaded everything but I'm guessing they're closed because it's the weekend. What do you think my approval odds are?

Inquiries 12 months: 5

New accounts 12 months: 5

Eq Fico: 725

Util: 2%
AAOA: 1yr2mo

Any info would be appreciated! Fingers crossed......

Thanks

Re: Penfed application pending

4sallypat — Sat, 13 Mar 2021 14:33:36 GMT

Do you have a PenFed savings/checking/card account currently ?

Did you receive an email or marketing mail ?

Re: Penfed application pending

Anonymous — Sat, 13 Mar 2021 14:37:59 GMT

@4sallypat wrote:
Do you have a PenFed savings/checking/card account currently ?

Did you receive an email or marketing mail ?

I only have a shared savings for almost a year. No mailers.

Re: Penfed application pending

Mr_Mojo_Risin — Sat, 13 Mar 2021 15:04:32 GMT

Does Penfed still ask for all of the ID verification even though you've been a member for awhile?

Re: Penfed application pending

Horseshoez — Sat, 13 Mar 2021 15:06:03 GMT

@Mr_Mojo_Risin wrote:
Does Penfed still ask for all of the ID verification even though you've been a member for awhile?

They didn't ask me when I applied on Thursday; I've been a member since September 2020.

Re: Penfed application pending

M_Smart007 — Sat, 13 Mar 2021 15:08:31 GMT

@Mr_Mojo_Risin wrote:
Does Penfed still ask for all of the ID verification even though you've been a member for awhile?

@Mr_Mojo_Risin, I did not, on my recent Platinum Rewards Visa Siggy approval.

Re: Penfed application pending

Mr_Mojo_Risin — Sat, 13 Mar 2021 15:17:30 GMT

@M_Smart007

@Horseshoez

I guess that's why we always have to keep "YEMV" "YMMV" in the back of our minds! Lol

Re: Penfed application pending

Anonymous — Sat, 13 Mar 2021 15:23:26 GMT

@Mr_Mojo_Risin wrote:
@M_Smart007
@Horseshoez
I guess that's why we always have to keep "YEMV" "YMMV" in the back of our minds! Lol

Maybe because I moved 6 months ago. Sorry I should've mentioned that.

Re: Penfed application pending

Mr_Mojo_Risin — Sat, 13 Mar 2021 15:38:23 GMT

@Anonymous

It always depends on individual profile, but from reading others experiences with Penfed I think you have good chance of approval.

Good luck and let us know how it turns out!

Re: Penfed application pending

Horseshoez — Sat, 13 Mar 2021 15:46:57 GMT

@Mr_Mojo_Risin wrote:
@Anonymous
It always depends on individual profile, but from reading others experiences with Penfed I think you have good chance of approval.
Good luck and let us know how it turns out!

Agreed, there are lots of recent posts of PenFed approving folks with lower scores than would have met their underwriting critera just a few months ago. I'm not sure if they've made any overt changes to their rules, but I was just approved for a card which most sites indicate you need a 750 to qualify for and I'm in the 690-703 range.