topic Re: Penfed offers in Credit Cards

Penfed offers

SA0012 — Sun, 07 Feb 2021 16:19:24 GMT

What is considered a good penfed nextgen score, this is what I see in my account but never see any offers popup for me so far. I opened my account in 2010 but never used it until last year. My FICO 8 scores 734 from all three.

Is there a criterion for the offers to popup, is it time-based or credit score based or something else?

I'm looking to increase CL on my power rewards card and promise visa cards, currently, they are at 15K and 12K. Appreciate any tips from this forum.

Re: Penfed offers

K-in-Boston — Sun, 07 Feb 2021 07:54:40 GMT

Scores unfortunately are a factor but not a guarantee for targeted offers from PenFed. Even with 800+ scores and a squeaky clean credit history, I was a member for over 4 years before I got my first offer that wasn't "save on Turbo Tax" recently ($50k new or used auto loan).

Also, PenFed moved from NG2 scores to EQ FICO 9 scores quite a while ago. Your scores are fine for asking for CLI on your cards, but it will be a HP without an offer.

Re: Penfed offers

SA0012 — Sun, 07 Feb 2021 07:55:35 GMT

Yeah, do not want an HP though!

Re: Penfed offers

AverageJoesCredit — Sun, 07 Feb 2021 16:20:19 GMT

@SA0012 wrote:
What is considered a good penfed nextgen score, this is what I see in my account but never see any offers popup for me so far. I opened my account in 2010 but never used it until last year. My FICO 8 scores 734 from all three.

Is there a criterion for the offers to popup, is it time-based or credit score based or something else?

I'm looking to increase CL on my power rewards card and promise visa cards, currently, they are at 15K and 12K. Appreciate any tips from this forum.

Thats a great score but unfortunately it doesnt mean much to Penfed imo. You have to have the right profile to get offers and only they know which ones are those. At least you have good limits on your ccs

Re: Penfed offers

AverageJoesCredit — Sun, 07 Feb 2021 13:02:30 GMT

@SA0012 wrote:
Yeah, do not want an HP though!

Maybe try Dell?

Re: Penfed offers

coldfusion — Sun, 07 Feb 2021 15:30:44 GMT

One needs to give them a reason to want to extend offers.

If you haven't been using either card heavily you can consider taking advantage of a BT promo for somewhere in the $1-2K range and paying it off in 3-6 months making equal-sized payments every month (i.e. don't make mininum payments for several months then 1 large bulk payment to pay it off). While there are no guarantees that does tend to get you on PF's radar in a positive light.

Re: Penfed offers

wingennis — Sun, 07 Feb 2021 15:39:44 GMT

I wish I had good advice for you but I've never received any PenFed offers other than TurboTax and auto financing. My EQ9 score has been 803-ish for a long time.

Re: Penfed offers

Namaste7 — Sun, 07 Feb 2021 16:37:24 GMT

EQ9 is in the 770s, income is mature, DTI is skinny, and PF will only show me attention when I give up a HP.

Re: Penfed offers

SA0012 — Sun, 07 Feb 2021 19:40:49 GMT

I just paid off the promise card after making more than minimum payments for 6 months on BTs. Also, the Rewards card is three months old, I charged 3K and paid off the card.

Re: Penfed offers

SA0012 — Sun, 07 Feb 2021 19:41:31 GMT

Hmm...I don't feel bad to not see those targeted offers.

Re: Penfed offers

JR_TX — Fri, 02 Apr 2021 01:15:02 GMT

And this is after just paying off a $23K PL....

Re: Penfed offers

credit_is_crack — Fri, 02 Apr 2021 05:03:53 GMT

@JR_TX wrote:
And this is after just paying off a $23K PL....

@JR_TX are you sure you're in the right spot? I do have an "Other Offers" block like your image, but right above that it has a seperate "Your Offers" block and it shows auto loans for me. This is on my desktop view. It also show my score is as of 3/09 so I don't if what I got are my Q1 offers still lingering, or if they've already reset for Q2.

I used to get new auto offers for $50k, but they cut mine down by 50% sometime last year. It also had a few card offers for $1,100 (I already have $48.9k in cards) but those went away in Q1 this year.

Either way your score is killing it!

"Your Offers" block, then "I want to" block, then "Other Offers" block

Re: Penfed offers

Remedios — Fri, 02 Apr 2021 03:11:01 GMT

@credit_is_crack they want you slummin' in Maxima like me 😐🤣

Re: Penfed offers

credit_is_crack — Fri, 02 Apr 2021 03:26:47 GMT

@Remedios wrote:
@credit_is_crack they want you slummin' in Maxima like me 😐🤣

LOL @Remedios -- Hey as long as it has wheels and gas, then that means I ain't walking! Sounds like a good day to me! It's funny they still offer me auto loans since I already have one now ($50k opened in 2019, down to $26k now). Got my last two cars financed thru them. That .99% is mighty attractive

Re: Penfed offers

SA0012 — Fri, 02 Apr 2021 03:57:29 GMT

I also do not see any section with "Your Offers" in the Desktop view.

Re: Penfed offers

sauciefarr — Sat, 24 Apr 2021 02:02:20 GMT

@JR_TX wrote:
And this is after just paying off a $23K PL....

Well, at least you can save "up to $20" on Turbo Tax!

Re: Penfed offers

Anonymous — Sat, 24 Apr 2021 04:57:09 GMT

It took me a little over three years to start getting offers, and after accepting what seems like all the CLIs now I'll either receive nothing at all or $50,000 for new/used vehicles, boats etc. I didn't receive any offers this time though. Fwiw I use the PCR often.

Re: Penfed offers

SA0012 — Mon, 14 Jun 2021 19:30:22 GMT

Finally, some offers are showing up for me. If I apply for one of these, will that be an HP?

Re: Penfed offers

SA0012 — Mon, 14 Jun 2021 19:01:35 GMT

Not sure about the below text, it is kinda saying it may be an HP

By checking this box, you certify that you have read, understand, and accept the Privacy Policy. You are also providing consent to PenFed under the Fair Credit Reporting Act to obtain information from the credit bureaus for the purposes of providing you with a preliminary interest rate estimate. You further understand that you must sign all loan documents electronically.

Re: Penfed offers

SA0012 — Mon, 14 Jun 2021 19:11:47 GMT

My Offers Section won't show up anymore when I log in.