topic Re: Penfed offers in Credit Cards

Penfed offers

Kdroach253 — Wed, 23 Feb 2022 22:42:38 GMT

Does anyone know if the you can receive approved for offers in app with just having a savings account? I wanted to open a checking but didn't want the hard pull. Just wondering if the quarterly offers pop up in the app for people with savings accounts only?

Thanks

Re: Penfed offers

AverageJoesCredit — Wed, 23 Feb 2022 22:45:18 GMT

@Kdroach253 wrote:
Does anyone know if the you can receive approved for offers in app with just having a savings account? I wanted to open a checking but didn't want the hard pull. Just wondering if the quarterly offers pop up in the app for people with savings accounts only?
Thanks

To my knowledge no. You need a credit product as far as ive seen.

Re: Penfed offers

Kdroach253 — Wed, 23 Feb 2022 22:48:33 GMT

Thanks good sir

Re: Penfed offers

dragontears — Wed, 23 Feb 2022 23:00:05 GMT

@AverageJoesCredit wrote:
@Kdroach253 wrote:
Does anyone know if the you can receive approved for offers in app with just having a savings account? I wanted to open a checking but didn't want the hard pull. Just wondering if the quarterly offers pop up in the app for people with savings accounts only?
Thanks
To my knowledge no. You need a credit product as far as ive seen.

That is not my experience, I have seen offers with only a savings account (never took them up as none of their cards are better than what I have).

Re: Penfed offers

FinStar — Wed, 23 Feb 2022 23:16:07 GMT

@Kdroach253 wrote:
Does anyone know if the you can receive approved for offers in app with just having a savings account? I wanted to open a checking but didn't want the hard pull. Just wondering if the quarterly offers pop up in the app for people with savings accounts only?
Thanks

Yes, offers can generate with a savings account. You do not need to have a credit product to receive them if your account becomes eligible for them at some point.

Re: Penfed offers

Remedios — Thu, 24 Feb 2022 00:49:05 GMT

I have whooping $5.00 in savings and I had two card offers, but they took yellow one away and left me with one of the blue ones

Last quarter, I cannot remember i it was yellow or blue.

Re: Penfed offers

Trini88 — Thu, 24 Feb 2022 02:42:48 GMT

I opened up a checking account

with penfed in November and there was no hard pull on my credit report. I did it because their checking account provides me my Fico 9 Equifax score.

Re: Penfed offers

Kdroach253 — Thu, 24 Feb 2022 02:43:33 GMT

Great. So they do give offers via the app with just a savings. Thanks

Re: Penfed offers

Brian_Earl_Spilner — Thu, 24 Feb 2022 03:06:20 GMT

Do they say pre-approved or something? Cause I'm not falling for that one again.

Re: Penfed offers

Remedios — Thu, 24 Feb 2022 03:41:50 GMT

@Brian_Earl_Spilner wrote:
Do they say pre-approved or something? Cause I'm not falling for that one again.

Mine says that I'm approved, not pre-approved, though that's probably only if no significant changes on CR from the time SP on which they based approval to the application and HP itself.

Also, my $5.00 are growing nicely. 25 more years and I'll get me coffee at 7/11 on Penfed

Re: Penfed offers

Borealis — Thu, 24 Feb 2022 03:49:37 GMT

I got one of their quarterly CC pre-approvals via snail mail, and I wasn't even a member. It was legit, they even funded my savings account the $5 for me.

Re: Penfed offers

Brian_Earl_Spilner — Thu, 24 Feb 2022 04:47:39 GMT

@Remedios wrote:
@Brian_Earl_Spilner wrote:
Do they say pre-approved or something? Cause I'm not falling for that one again.
Mine says that I'm approved, not pre-approved, though that's probably only if no significant changes on CR from the time SP on which they based approval to the application and HP itself.

Also, my $5.00 are growing nicely. 25 more years and I'll get me coffee at 7/11 on Penfed

Oh, ok. I'll look online. The app just offers me the card and takes me to the card page while logged out.

Re: Penfed offers

OmarGB9 — Thu, 24 Feb 2022 06:02:01 GMT

@Remedios wrote:
@Brian_Earl_Spilner wrote:
Do they say pre-approved or something? Cause I'm not falling for that one again.
Mine says that I'm approved, not pre-approved, though that's probably only if no significant changes on CR from the time SP on which they based approval to the application and HP itself.

Also, my $5.00 are growing nicely. 25 more years and I'll get me coffee at 7/11 on Penfed

I love how they say "low rate," but are offering you a card at their highest rate. 😂

Re: Penfed offers

Wavester64 — Thu, 24 Feb 2022 16:05:49 GMT

@Kdroach253 wrote:
Does anyone know if the you can receive approved for offers in app with just having a savings account? I wanted to open a checking but didn't want the hard pull. Just wondering if the quarterly offers pop up in the app for people with savings accounts only?
Thanks

I have 2 savings accounts with PenFed (Regular & Premium) and I got "pre-approved" offers for one of their credit products on 2 different occasions if that is what you are asking.

Re: Penfed offers

woodyman100 — Thu, 24 Feb 2022 18:22:10 GMT

Yes. I have $5 in a share account and receive pre approved offers all the time. I'm always declined because in the 80's an Ex let a car be repoed while I was stationed in Europe.

The NEVER forget. I leave the $5 as a poke in their eye.