topic Re: Who has a lower PenFed PLOC limit than me? in Credit Cards

Who has a lower PenFed PLOC limit than me?

youdontkillmoney — Fri, 08 May 2015 15:53:58 GMT

I'm convinced I have the lowest PenFed personal line of credit (PLOC) limit than anyone else at $1,000...who wants to prove me wrong...post if you have a lower limit than me.

Re: Who has a lower PenFed PLOC limit than me?

Anonymous — Fri, 08 May 2015 15:56:08 GMT

@youdontkillmoney wrote:
I'm convinced I have the lowest PenFed personal line of credit (PLOC) limit than anyone else at $1,000...who wants to prove me wrong...post if you have a lower limit than me.

Mine is 0.

Re: Who has a lower PenFed PLOC limit than me?

ojefferyo — Fri, 08 May 2015 15:59:09 GMT

@youdontkillmoney wrote:
I'm convinced I have the lowest PenFed personal line of credit (PLOC) limit than anyone else at $1,000...who wants to prove me wrong...post if you have a lower limit than me.

Is there something they see on your CR they weren't liking too much? What was your score at the time and how much did you ask for?

Re: Who has a lower PenFed PLOC limit than me?

youdontkillmoney — Fri, 08 May 2015 15:59:11 GMT

Ha ha...good one.

But I will counter to say you have to have a PenFed PLOC "active and open" before you can say that, so zero means you don't have an active PenFed account....so doesn't count ; )

Re: Who has a lower PenFed PLOC limit than me?

youdontkillmoney — Fri, 08 May 2015 16:02:12 GMT

@ojefferyo wrote:
@youdontkillmoney wrote:
I'm convinced I have the lowest PenFed personal line of credit (PLOC) limit than anyone else at $1,000...who wants to prove me wrong...post if you have a lower limit than me.
Is there something they see on your CR they weren't liking too much? What was your score at the time and how much did you ask for?

^^^^

Oh I don't mind it, as I don't really use it, it is just amusnig to me. I in fact am just happy to have it after applying twice. They probably don't like all my available (unused) credit available when I applied and I asked for ...hmmmm.come to think of it, maybe I asked only for $1,000 to increase my chances for approval since I was rejected he first time....thanks for reminding me....I may have only asked for $1K to improve my approval chances. I realy don't remember, I either asked for $5,000 or $1,000.

Re: Who has a lower PenFed PLOC limit than me?

ojefferyo — Fri, 08 May 2015 16:21:26 GMT

Try for an increase

Re: Who has a lower PenFed PLOC limit than me?

youdontkillmoney — Fri, 08 May 2015 16:42:57 GMT

@ojefferyo wrote:
Try for an increase

^^^

I'm gardening and my last hard inquiry was 12/2014. Not complaing about $1,000..it's fine. Planning to app for mortgage late this year or first half of 2016.

Re: Who has a lower PenFed PLOC limit than me?

SecretAzure — Fri, 08 May 2015 16:44:11 GMT

@youdontkillmoney wrote:
@ojefferyo wrote:
Try for an increase
^^^
I'm gardening and my last hard inquiry was 12/2014. Not complaing about $1,000..it's fine. Planning to app for mortgage late this year or first half of 2016.

In my research I have seen lines of $500. I think this is there actual minimum, otherwise they just deny you.

Re: Who has a lower PenFed PLOC limit than me?

Anonymous — Fri, 08 May 2015 18:59:28 GMT

How much did you initially ask for?

Re: Who has a lower PenFed PLOC limit than me?

RSCo — Sat, 09 May 2015 01:40:58 GMT

I'm at $500.00... It's the most ridiculous thing I've seen....

Re: Who has a lower PenFed PLOC limit than me?

Anonymous — Sat, 09 May 2015 01:42:10 GMT

@RSCo wrote:
I'm at $500.00... It's the most ridiculous thing I've seen....

Wow.. I wonder how Penfed decides the limit. That is such a ridiculous limit.

Re: Who has a lower PenFed PLOC limit than me?

RSCo — Sat, 09 May 2015 02:01:21 GMT

@Anonymous wrote:
@RSCo wrote:
I'm at $500.00... It's the most ridiculous thing I've seen....
Wow.. I wonder how Penfed decides the limit. That is such a ridiculous limit.

I have no idea... It's crazy.. My partner has an extensive banking relationship with them and has never seen any oddities.. Well, expect for me..

Re: Who has a lower PenFed PLOC limit than me?

BigBS — Sat, 09 May 2015 03:09:14 GMT

They give limits up to $25k, but the web says that anything over $15k requires additional info. Not sure what that is. I can say you have a lower limit than I since mine sits at $10k.

Re: Who has a lower PenFed PLOC limit than me?

youdontkillmoney — Sat, 09 May 2015 04:24:54 GMT

Ok! Great, I am not the lowest at $1k. ; )

Re: Who has a lower PenFed PLOC limit than me?

Anonymous — Sat, 09 May 2015 04:28:02 GMT

Yes, mine is also "0".

Re: Who has a lower PenFed PLOC limit than me?

ojefferyo — Sat, 09 May 2015 15:26:43 GMT

@BigBS wrote:
They give limits up to $25k, but the web says that anything over $15k requires additional info. Not sure what that is. I can say you have a lower limit than I since mine sits at $10k.

They asked for the last 2 pay stubs from me.

Re: Who has a lower PenFed PLOC limit than me?

BigBS — Sat, 09 May 2015 17:53:16 GMT

@ojefferyo wrote:
@BigBS wrote:
They give limits up to $25k, but the web says that anything over $15k requires additional info. Not sure what that is. I can say you have a lower limit than I since mine sits at $10k.
They asked for the last 2 pay stubs from me.

What's your limit if you don't mind me asking?

Re: Who has a lower PenFed PLOC limit than me?

UFGuy2006 — Sat, 09 May 2015 21:04:35 GMT

I received a pre approval for the 25k... Already had a cc at 50k so I figured they would take 25k from the existing line. To my surprise they didn't and I lucked out without needing to provide documentation.

Re: Who has a lower PenFed PLOC limit than me?

ojefferyo — Sat, 09 May 2015 21:17:23 GMT

@BigBS wrote:
@ojefferyo wrote:
@BigBS wrote:
They give limits up to $25k, but the web says that anything over $15k requires additional info. Not sure what that is. I can say you have a lower limit than I since mine sits at $10k.
They asked for the last 2 pay stubs from me.
What's your limit if you don't mind me asking?

$20k

Re: Who has a lower PenFed PLOC limit than me?

Anonymous — Sat, 09 May 2015 21:21:40 GMT

My Promise CC from them only got 3k approval @7.99 but
a few days later I app'd for PLOC and asked for and got 10K.

(Have yet to recieve the checks.. ?)

My report was pretty spotless but I make under 50k..

Doing this to establish future loan relationships with them