topic Re: List the Pentagon fcu cards in order of most "prime" in Credit Cards

List the Pentagon fcu cards in order of most "prime"

juniornj23 — Fri, 29 May 2015 14:35:53 GMT

I want to know what card will be the easiest one from pend to get approve I don't want to waste a HP

Re: List the Pentagon fcu cards in order of most "prime"

Anonymous — Fri, 29 May 2015 14:38:25 GMT

What is your defination of Prime? Because prime means different things to different people. For example, people consider Credit One prime. So what is prime in your opinion?

Re: List the Pentagon fcu cards in order of most "prime"

juniornj23 — Fri, 29 May 2015 14:50:40 GMT

Basically I don't think credit one is a prime. But I just want to know what card from Pentagon fcu is the easiest to get approve. And what are they requirements

Re: List the Pentagon fcu cards in order of most "prime"

Anonymous — Fri, 29 May 2015 15:02:15 GMT

PenFed is a notoriously picky lender.

What is your end goal here? Are you just apply to apply? Why PenFed? If you are going after a particular card, particular signup bonus, or particular rewards, then let us know. As it stands, your question is fairly open-ended, and even if we could answer it, I don't know that's it's actually the answer that serves you best.

Re: List the Pentagon fcu cards in order of most "prime"

B335is — Fri, 29 May 2015 15:11:32 GMT

Penfed cards have the same underwriting criteria. There is no easier one to get.

Re: List the Pentagon fcu cards in order of most "prime"

juniornj23 — Fri, 29 May 2015 15:26:44 GMT

I'm looking to get a balance transfer card why penfed because is one of the credit union I can join and I have read here that credit union are better than bank.
My score at this point is Lowe's 700 with 1 collection from 2011 on EQ. I have try chase pre_ approve site never get a offer for a slate

I hope to get great advice as you alway do
Thanks for all your help from the guy was 500 last year

Re: List the Pentagon fcu cards in order of most "prime"

Anonymous — Fri, 29 May 2015 15:30:24 GMT

You would generate less confusion/discussion with a better chosen subject! Apparently the question is "Which PenFed card is the easiest to get" you are not really interested in listing in order of primeness, whatever that would mean.

Re: List the Pentagon fcu cards in order of most "prime"

juniornj23 — Fri, 29 May 2015 15:38:34 GMT

You right I'm really sorry

Re: List the Pentagon fcu cards in order of most "prime"

kdm31091 — Fri, 29 May 2015 15:48:25 GMT

Here we go again. Didn't we have the same topic but with Citi cards recently?

It's just my opinion, but what does the "prime" thing matter? Who cares? Apply for cards you find useful with APR/reward structures/whatever floats your boat. As long as YOU are happy with it, that's all that matters. If someone else doesn't feel it is "prime" then what does it matter?

Focus more on what will benefit you and less on arbitrary terms like "prime". Just like "good, better, best" cards, "prime" cards is a totally subjective thing.

Re: List the Pentagon fcu cards in order of most "prime"

juniornj23 — Fri, 29 May 2015 15:48:58 GMT

No not me

Re: List the Pentagon fcu cards in order of most "prime"

Anonymous — Fri, 29 May 2015 15:54:00 GMT

@juniornj23 wrote:
No not me

It wasn't you but same idea

Re: List the Pentagon fcu cards in order of most "prime"

B335is — Fri, 29 May 2015 15:58:44 GMT

Junior: are you already a Penfed member? If not, they will hard pull you for membership (which is required before you can have one of their cards). If approved for membership, you can apply for other products within 90 days usually and they will reuse that original hard pull. I'd get my foot in the door as a member, then apply for whichever card you want or find most useful.

Re: List the Pentagon fcu cards in order of most "prime"

Revelate — Fri, 29 May 2015 16:17:10 GMT

Semi-off-topic but did Penfed drop their underwriting criteria?

Haven't paid attention but reading some siggy lines and thinking "huh?" when before I would've thought "no chance in hell" with Penfed UW?

Re: List the Pentagon fcu cards in order of most "prime"

B335is — Fri, 29 May 2015 16:35:39 GMT

@Revelate wrote:
Semi-off-topic but did Penfed drop their underwriting criteria?

Haven't paid attention but reading some siggy lines and thinking "huh?" when before I would've thought "no chance in hell" with Penfed UW?

That really seems to be the case in the last 6 months. I was denied with a 790 Fico score a few years ago. They seem to be more willing to approve people with older negatives lately.

Re: List the Pentagon fcu cards in order of most "prime"

Anonymous — Fri, 29 May 2015 16:49:42 GMT

@B335is wrote:
Penfed cards have the same underwriting criteria. There is no easier one to get.

While I suppose the underwriting might be the same, there are different requirements for different products. I was declined for both the Platinum rewards and the Travel AMEX they offer. The Platinum requires a minimum 5K line which is why I was declined, not sure about the Travel card. I was approved for the Promise however with a 4K line.

Since they use the same HP it's not that big of a deal though imo, apply for whatever you want most, if it's denied then try another.

Re: List the Pentagon fcu cards in order of most "prime"

juniornj23 — Fri, 29 May 2015 17:45:28 GMT

Wait how can someone be denied with 790 cs

Re: List the Pentagon fcu cards in order of most "prime"

ojefferyo — Fri, 29 May 2015 18:06:59 GMT

Scores aren't everything

Re: List the Pentagon fcu cards in order of most "prime"

juniornj23 — Fri, 29 May 2015 18:35:20 GMT

Yes you right but let see someone with 790 I guess that doesn't have a collection account not late payment and UTL Lowe because those part are the one that weight more. So I guess is income vs obligation

Re: List the Pentagon fcu cards in order of most "prime"

B335is — Fri, 29 May 2015 20:02:42 GMT

Penfed used to be known to deny based on pyramiding debts, which is a fancy way of saying too many new accounts. For years they were known to be more generous with established, clean reports. So as others have said, even with a 790 Fico they didn't like my new accounts enough to give me a card (but they did approve membership).

If you really want one of their cards, you need to take the hard pull for membership regardless, but for the best chance get your reports clean first so when the membership is approved, they can also approve a card. Otherwise you'll have to wait for the 90 day window to pass and take an additional hard pull.

Re: List the Pentagon fcu cards in order of most "prime"

Anonymous — Fri, 29 May 2015 21:29:55 GMT

Pen fed declining people in the 800's and high 700's is not unusual . They also ask for pay stubs or 2 years w2's and employment verification in most cases . They are a pain in the butt . The easiest card to get is probably the promise . You better have all your paper work ready cuz they will ask for them 7/10 times .