topic Re: How conservative is PedFed when it comes to applying for their cards, inquiry or revolving sensi in Credit Cards

How conservative is PedFed when it comes to applying for their cards, inquiry or revolving sensitive

galahad15 — Sun, 28 Mar 2021 06:13:47 GMT

Was just curious, how conservative is PedFed when it comes to applying for their cards, for example are they especially sensitive regarding inquiries, total exposure, or on revolving debt? Tried searching the forum intially for more info and I believe the threads I came across mentioned that they were in fact conservative, but was unable to locate much on their specific areas of what the things were that they particlarly dislike in particular, and which could lead to a potential denial of an app, etc.? Thanks!

Re: How conservative is PedFed when it comes to applying for their cards, inquiry or revolving sensi

AllZero — Sun, 28 Mar 2021 06:18:54 GMT

@galahad15 wrote:
Was just curious, how conservative is PedFed when it comes to applying for their cards, for example are they especially sensitive regarding inquiries, total exposure, or on revolving debt? Tried searching the forum intially for more info and I believe the threads I came across mentioned that they were in fact conservative, but was unable to locate much on their specific areas of what the things were that they particlarly dislike in particular, and which could lead to a potential denial of an app, etc.? Thanks!

@galahad15 Have you checked out the mega thread? Start at last page and work your way forwards.

For your reading pleasure. Pentagon Federal Credit Union Data Share

Re: How conservative is PedFed when it comes to applying for their cards, inquiry or revolving sensi

galahad15 — Sun, 28 Mar 2021 06:20:02 GMT

Thanks @AllZero !

Re: How conservative is PedFed when it comes to applying for their cards, inquiry or revolving sensi

AllZero — Sun, 28 Mar 2021 06:23:21 GMT

@galahad15 wrote:
Thanks @AllZero !

@galahad15 You are welcome. Not knowing your inquiries or new accounts, I would think your profile should be more than okay?

Re: How conservative is PedFed when it comes to applying for their cards, inquiry or revolving sensi

M_Smart007 — Sun, 28 Mar 2021 06:51:42 GMT

I was originally denied by Penfed for having "to much available credit" ..

They eventually warmed up to me. lots of new accts. and several inquiries.

Re: How conservative is PedFed when it comes to applying for their cards, inquiry or revolving sensi

KJinNC — Mon, 29 Mar 2021 00:25:19 GMT

They just mailed me a preapproved offer for their gold card ... which is their low-interest card ... with a 17.99% interest specified on the preapproval ... which is the maximum possible interest rate for that card right now.

So, I perceive them as being a bit conservative, but then again, my profile is weird. Good luck!

Re: How conservative is PedFed when it comes to applying for their cards, inquiry or revolving sensi

DebtStinks — Mon, 29 Mar 2021 21:01:15 GMT

@KJinNC Yes, PenFed is a different breed and (unlike many other creditors) doesn't solely factor your credit score for things like APR. They pay more attention to relationship, DTI, PTI, diversity in history, etc........and your credit score. To sum up, simply having an 800+ credit score will not necessarily result in their lowest apr.

Hope this helps and best of luck to all with PenFed. They've been rather good to me!