topic Re: PenFed 4th Q Pre Approve in Credit Cards

PenFed 4th Q Pre Approve

corymcd88 — Mon, 01 Oct 2018 19:29:30 GMT

Anyone get any pre approval for the round yet?

Re: PenFed 4th Q Pre Approve

K-in-Boston — Mon, 01 Oct 2018 19:35:25 GMT

I'm so excited! I got up to $20 off TurboTax! But I'll take the 762 FICO 09 score.

Re: PenFed 4th Q Pre Approve

AverageJoesCredit — Mon, 01 Oct 2018 19:44:16 GMT

Call me Booster

Re: PenFed 4th Q Pre Approve

Anonymous — Mon, 01 Oct 2018 20:12:46 GMT

omg omg omg omg I got offers for the first time...in your face turbo tax!

Here comes the questions:

1. I have offers for 41K on 4 different cards and one of them is my current PCR (9k CL), my understanding is that if I take the offer for PCR, I'm basically taking a CLI upping my CL to 50K, is this correct? I want to make sure I don't get a new card.

2. I also have a bunch of loan offers mostly notably 50k for new/used vehicles, I do have plan to purchase a vehicle at 2nd half of 2019 with 25K-50k auto loan, will taking the full 41k on the PCR CLI affect future car loan approvals or will they just ask to move limits from PCR, assuming 50k is the max exposure.

3. I'm pretty sure taking the CLI on PCR will be SP only, how about POI? Could they possibly ask for POI?

Thanks for the help, been waiting offers for 1 year+, want to make sure I do this right.

Re: PenFed 4th Q Pre Approve

Anonymous — Mon, 01 Oct 2018 20:35:20 GMT

@K-in-Boston wrote:
I'm so excited! I got up to $20 off TurboTax! But I'll take the 762 FICO 09 score.

That's all I get too...And a 775 FICO 09...Pfft.

Re: PenFed 4th Q Pre Approve

K-in-Boston — Mon, 01 Oct 2018 20:39:28 GMT

omg omg omg @Anonymous that's awesome!

1. I believe this correct and should be a SP. I'm almost at the 2.5 year mark and no offers for me so please don't take my word for it.

2. The 50k cap is only on the revolving side. The loan is secured, so they wouldn't ask you to move an unsecured credit line.

3. PenFed did not ask me for POI on my credit cards, yet when I did an auto loan refinance with them for DW's vehicle that was worth about $20k yet we only owed $9k on, they actually asked me for POI. Kind of backwards, but yes they can sometimes ask for POI.

Congrats again on the offers! Hopefully I'll see some eventually. I'd really at least like to get those ",500" marks on my two cards rounded up to the next ",000" to hit $50k without having to take a HP for a pair of $500 CLIs. LOL

Re: PenFed 4th Q Pre Approve

JR_TX — Mon, 01 Oct 2018 20:47:35 GMT

I got a pre-approval and a guaranteed SP Turbo Tax offer!! Sweeeeeet!!!

Re: PenFed 4th Q Pre Approve

Anonymous — Mon, 01 Oct 2018 21:03:11 GMT

@K-in-Boston wrote:
omg omg omg @Anonymous that's awesome!

1. I believe this correct and should be a SP. I'm almost at the 2.5 year mark and no offers for me so please don't take my word for it.
2. The 50k cap is only on the revolving side. The loan is secured, so they wouldn't ask you to move an unsecured credit line.
3. PenFed did not ask me for POI on my credit cards, yet when I did an auto loan refinance with them for DW's vehicle that was worth about $20k yet we only owed $9k on, they actually asked me for POI. Kind of backwards, but yes they can sometimes ask for POI.

Congrats again on the offers! Hopefully I'll see some eventually. I'd really at least like to get those ",500" marks on my two cards rounded up to the next ",000" to hit $50k without having to take a HP for a pair of $500 CLIs. LOL

Thanks K, I hope you get yours soon.

Re: PenFed 4th Q Pre Approve

Anonymous — Mon, 01 Oct 2018 21:14:51 GMT

Another round of Turbo Tax saving! Woohoo!!!

Re: PenFed 4th Q Pre Approve

RicHowe — Mon, 01 Oct 2018 21:52:33 GMT

Turbo Tax for me too. They will rue the day! Rue the day I tell you!!!

Are there any Penfed prequal offers today?

Meanmchine — Mon, 01 Oct 2018 22:48:26 GMT

None for me today. Last offers for me was April. Was only preapproved for car, boat or RV purchase

Re: Are there any Penfed prequal offers today?

SarahJo — Mon, 01 Oct 2018 22:34:40 GMT

I might faint if my Turbo Tax offer wasn't there, but you can bet your darned tootin' I clicked that banner this past tax season...winning!!!

Re: PenFed 4th Q Pre Approve

SBR249 — Tue, 02 Oct 2018 01:12:58 GMT

@Anonymous wrote:
omg omg omg omg I got offers for the first time...in your face turbo tax!

Here comes the questions:

1. I have offers for 41K on 4 different cards and one of them is my current PCR (9k CL), my understanding is that if I take the offer for PCR, I'm basically taking a CLI upping my CL to 50K, is this correct? I want to make sure I don't get a new card.

If you take the offer for the PCR, you will see both an option to get a 2nd PCR or a CLI. It's pretty hard to miss and they essentially ask 2-3 times to make sure you are positive what you are choosing. But you do need to make a choice.

Re: PenFed 4th Q Pre Approve

coldfusion — Tue, 02 Oct 2018 02:30:32 GMT

No prequal offers but I did get an email tonight offering $25 cashback for $500 spend on my Platinum Rewards card from today through Oct 31.

Re: PenFed 4th Q Pre Approve

SBR249 — Tue, 02 Oct 2018 02:47:30 GMT

@coldfusion wrote:

No prequal offers but I did get an email tonight offering $25 cashback for $500 spend on my Platinum Rewards card from today through Oct 31.

Congrats, 5% unrestricted CB isn't bad at all. Didn't even know PenFed did those kinds of offers. Sweet!

Re: PenFed 4th Q Pre Approve

CreditCuriosity — Tue, 02 Oct 2018 02:50:27 GMT

@coldfusion wrote:

No prequal offers but I did get an email tonight offering $25 cashback for $500 spend on my Platinum Rewards card from today through Oct 31.

Lol got the same but have a BT on the card for another 5 months.. Alot of good that will do .. Well actually on my 2% card with them, but none the less I cant use it

Re: PenFed 4th Q Pre Approve

minski — Tue, 02 Oct 2018 04:49:16 GMT

Joining the elite crowd of folks who have been approved for Turbo Tax. Score 793.

Waiting for preapproval for the Pathfinder.

Re: PenFed 4th Q Pre Approve

Jnbmom — Tue, 02 Oct 2018 05:02:56 GMT

I am also still in the elite club of Turbotax

Re: PenFed 4th Q Pre Approve

shoegal — Tue, 02 Oct 2018 05:27:04 GMT

A year and a half later and still just Turbo tax for me!

The DH is at the 6-month mark and got his first offers, yesterday. For a $50k car loan, $30k boat loan or credit cards with a $20,300 credit line. He took the $20k CLI offer for his Power Cash credit card so it should be $30,400 now.

Re: PenFed 4th Q Pre Approve

Revelate — Tue, 02 Oct 2018 06:22:27 GMT

Still nothing other than the obligatory TurboTax under Other Offers. Oh, and advertising their car loans, yay.

Still at 777 for EQ FICO 9 apparently from their 9/11 pull.

Oddly an All Zeros penalty for FICO 9 might not be that big of a deal though waiting to get the pull once I know that Chase has reported to EQ.