topic Re: Penfed question in Credit Cards

Penfed question

Anonymous — Fri, 29 Jan 2016 02:09:05 GMT

Hey folks. Got this in the mail today. It doesn't say preapproved so I'm assuming it is just an invitation to apply. Anyone feel differently? I have only been with Penfed for a month so I don't know how they operate. Is this just a mass mailer they send to everyone? Thanks.

Re: Penfed question

Discover2016 — Thu, 28 Jan 2016 22:25:05 GMT

I don't see anything?

Re: Penfed question

creditguy — Thu, 28 Jan 2016 23:11:12 GMT

I see an advertisement for aol mail when I click on link. On a side note I didn't know aol mail was still a thing.

Re: Penfed question

Anonymous — Thu, 28 Jan 2016 23:15:48 GMT

@creditguy wrote:
I see an advertisement for aol mail when I click on link. On a side note I didn't know aol mail was still a thing.

Indeed it does. Have had mine for close to 30 years

Re: Penfed question

Loquat — Thu, 28 Jan 2016 23:30:36 GMT

Your image isn't coming through...

Re: Penfed question

creditguy — Thu, 28 Jan 2016 23:31:09 GMT

@Anonymous wrote:
@creditguy wrote:
I see an advertisement for aol mail when I click on link. On a side note I didn't know aol mail was still a thing.
Indeed it does. Have had mine for close to 30 years

I'll be darned, I thought they died out with those annoying CDs that used to clog the mailbox. Come here for credit information and look what you end up finding out.

Re: Penfed question

Anonymous — Fri, 29 Jan 2016 00:34:24 GMT

@Anonymous wrote:
@creditguy wrote:
I see an advertisement for aol mail when I click on link. On a side note I didn't know aol mail was still a thing.
Indeed it does. Have had mine for close to 30 years

Did you know that if you cancel AOL your IQ immediately goes up 10 points?

Re: Penfed question

Anonymous — Fri, 29 Jan 2016 01:59:51 GMT

@creditguy wrote:
@Anonymous wrote:
@creditguy wrote:
I see an advertisement for aol mail when I click on link. On a side note I didn't know aol mail was still a thing.
Indeed it does. Have had mine for close to 30 years
I'll be darned, I thought they died out with those annoying CDs that used to clog the mailbox. Come here for credit information and look what you end up finding out.

I was shocked that my high school students remembered those days.

Re: Penfed question

Anonymous — Fri, 29 Jan 2016 02:08:11 GMT

That's funny...the pic I attached shows up perfect in my feed. This is the 1st pic I have tried to post here so I guess I have to learn how to do it properly. It's an offer for the Platinum Rewards Visa card. Since it doesn't say preapproved I'm assuming its a basic invitation to apply. I just don't know how Penfed operates and if they send them to everyone. As for AOL...I've had the same email address for almost 20 years so I'm sticking with it. Thanks.

Re: Penfed question

Loquat — Fri, 29 Jan 2016 02:43:51 GMT

Everyone is just having harmless fun. If you enjoy AOL and it serves your purpose, keep it, disregard what others have to say. But again, it's just harmless teasing.

Re: Penfed question

Anonymous — Fri, 29 Jan 2016 02:43:09 GMT

I know...I'm not bothered by it at all. Just explaining why I still use it. I would like some advice on the Penfed offer however...Thx.

Re: Penfed question

Loquat — Fri, 29 Jan 2016 02:45:58 GMT

@Anonymous wrote:
I know...I'm not bothered by it at all. Just explaining why I still use it. I would like some advice on the Penfed offer however...Thx.

I wish I could help you interpret the PenFed offer but I haven't been with them all that long and with that being said, I haven't received any mailers. Maybe someone who has an established relationship with them can shed some light.

Re: Penfed question

creditguy — Fri, 29 Jan 2016 02:51:28 GMT

PenFed can be rather conservative, I think the best way to interpret the offer is to look at your profile. What are your scores and do you have any baddies on your CR.

Re: Penfed question

Anonymous — Fri, 29 Jan 2016 02:54:38 GMT

My current scores are below. 1 small medical collection on each report($100) that I am trying to PFD. I know my scores are low for Penfed but this board is full of posts

from people who got surprise approvals so maybe they like me for some reason

Re: Penfed question

creditguy — Fri, 29 Jan 2016 03:02:38 GMT

@Anonymous wrote:
My current scores are below. 1 small medical collection on each report($100) that I am trying to PFD. I know my scores are low for Penfed but this board is full of posts
from people who got surprise approvals so maybe they like me for some reason

Sorry I was in mobile and could not see your scores. Well your right there have been some surprising approval results. Scores are kinda low though to recommend you pull the trigger. I'd see if you can can get that collection removed or at least have it show paid before applying, that way if you have to do recon you have something to work with. I just hate to see anyone waste a HP and get a denial when all an approval will take is a little more time to bring up scores. Another thing to consider is bringing utilization down to under 10% if possible that will give your score a nice little boost. Ultimately the decision is yours but if personally wait, PenFed will be there waiting.

Re: Penfed question

Anonymous — Fri, 29 Jan 2016 03:07:40 GMT

Thanks. I already have my UTIL at 7%. I have been trying to get PFD on the collection but haven't gotten a response yet from the CA. My thoughts are too wait unless someone here has a similar experience with a mailer from Penfed. I have already been denied by all major banks other than Cap1 so I'm not shopping for more credit right now. However...if a major bank were to knock on my door I would let it in. I joined Penfed, DCU, USAA and NASA in the past 60 days so I'm patiently waiting to qualify for something from one of them. Thanks for your time.

Re: Penfed question

creditguy — Fri, 29 Jan 2016 03:19:58 GMT

@Anonymous wrote:
Thanks. I already have my UTIL at 7%. I have been trying to get PFD on the collection but haven't gotten a response yet from the CA. My thoughts are too wait unless someone here has a similar experience with a mailer from Penfed. I have already been denied by all major banks other than Cap1 so I'm not shopping for more credit right now. However...if a major bank were to knock on my door I would let it in. I joined Penfed, DCU, USAA and NASA in the past 60 days so I'm patiently waiting to qualify for something from one of them. Thanks for your time.

No problem. Whether it's today or tomorrow you'll get what you want and those big banks will be knocking. Good job getting that Utilization down, you should benefit greatly from that.

Re: Penfed question

Anonymous — Fri, 29 Jan 2016 17:09:47 GMT

Any folks that have been with Penfed for a while have anything to add? Thx.

Re: Penfed question

Anonymous — Fri, 29 Jan 2016 20:42:06 GMT

Are the medical collections the only derogatory items on your reports?

Re: Penfed question

Anonymous — Fri, 29 Jan 2016 23:40:38 GMT

Yes. I have a few 30 days lates from early 2015. However, my credit card payment history is spotless with my oldest account being 12 years.