topic Re: How many PenFed credit cards can one have? in Credit Cards

How many PenFed credit cards can one have?

tcbofade — Sun, 13 Oct 2019 15:14:20 GMT

...asking for a friend, of course...

I know that NFCU limits you to three.

Does PenFed have a limit?

Please and thank you.

Re: How many PenFed credit cards can one have?

hawkins — Sun, 13 Oct 2019 15:35:58 GMT

I am not sure there is an official limit. I have 2 myself from then and I have seen others with 3 so just depends on if you can get approved for one or more. PenFed has been very stingy this year with people trying to get cards from them so if you are thinking about one from them I wish you luck.

Re: How many PenFed credit cards can one have?

Loquat — Mon, 14 Oct 2019 22:58:36 GMT

I've had 3 at one point before. The Promise, Cash Rewards, and the Platinum Rewards. Close 2 of them and kept the Platinum Rewards.

Re: How many PenFed credit cards can one have?

Hex — Mon, 14 Oct 2019 23:25:23 GMT

I have a gold and two power CashRewards cards so that’s 3 but I also got a pre-approval for another card (the real soft pull kind) so you must be allowed to have at least 4 (at least as of August). I didn’t accept the 4th card.

Re: How many PenFed credit cards can one have?

coldfusion — Tue, 15 Oct 2019 16:55:03 GMT

There is no published maximum # of cards allowed, but there is the $50K maxinum aggregate CL across all of them.

Re: How many PenFed credit cards can one have?

tcbofade — Wed, 16 Oct 2019 00:29:11 GMT

Thanks all.

I've got two, with a total of $27.5k in credit lines.

...might try to pick up a third in December...

Re: How many PenFed credit cards can one have?

AllZero — Wed, 16 Oct 2019 00:46:03 GMT

I think I've read 4 cards in the approvals forum so far. Not sure if I've seen someone holding 5. As mentioned above, $50k cap.

Re: How many PenFed credit cards can one have?

AllZero — Wed, 16 Oct 2019 00:56:34 GMT

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Penfed-madness/m-p/5771030

Re: How many PenFed credit cards can one have?

AllZero — Wed, 16 Oct 2019 01:03:51 GMT

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/4th-PenFed-card-approved/m-p/5743600

Re: How many PenFed credit cards can one have?

Queen_Etherea — Wed, 16 Oct 2019 18:47:17 GMT

@Hex wrote:
I have a gold and two power CashRewards cards so that’s 3 but I also got a pre-approval for another card (the real soft pull kind) so you must be allowed to have at least 4 (at least as of August). I didn’t accept the 4th card.

Do you still have the "Request Credit Line Increase" option for your cards? Mine has disappeared.

Re: How many PenFed credit cards can one have?

Hex — Wed, 16 Oct 2019 19:22:21 GMT

Mine did too.
Was gonna use it to get a car loan so now I’ll have to use a hard pull.

Re: How many PenFed credit cards can one have?

AverageJoesCredit — Thu, 17 Oct 2019 02:16:50 GMT

Zero if you are an average Joe

Re: How many PenFed credit cards can one have?

Hex — Thu, 17 Oct 2019 02:45:38 GMT

I’m sorry Joe.

Re: How many PenFed credit cards can one have?

AverageJoesCredit — Thu, 17 Oct 2019 03:21:27 GMT

Lol @Hex its ok. Reality is when one has 27 cc's, i dont really need one and ive let it go. Once i realized i cant have one, just allows me to go molest a different lender. Jk

Re: How many PenFed credit cards can one have?

Queen_Etherea — Thu, 17 Oct 2019 17:13:00 GMT

@Hex wrote:
Mine did too.
Was gonna use it to get a car loan so now I’ll have to use a hard pull.

Hey the link is back! It's been gone for quite a while, but it randomly reappeared today!