topic Re: CLI denied with PenFed, Use same pull for new card? in Credit Cards

CLI denied with PenFed, Use same pull for new card?

user979797 — Fri, 16 Jun 2023 21:56:08 GMT

Hello beautiful people,

Waited a few days to find out my request was denied for a CLI. The gold card is my only loan product with them and guess i'll find out in the mail why it was denied.

Wanting to find out, since I am still shopping for another new card, if I can use the same pull to apply for the Platinum that I am pre qualified for with them? Also does being turned down for a CLI on the gold mean i'll be denied a new card? Thanks in advance everyone!

Re: CLI denied with PenFed, Use same pull for new card?

CH-7-Mission-Accomplished — Fri, 16 Jun 2023 22:20:56 GMT

@user979797 wrote:
Hello beautiful people,
Waited a few days to find out my request was denied for a CLI. The gold card is my only loan product with them and guess i'll find out in the mail why it was denied.

Wanting to find out, since I am still shopping for another new card, if I can use the same pull to apply for the Platinum that I am pre qualified for with them? Also does being turned down for a CLI on the gold mean i'll be denied a new card? Thanks in advance everyone!

I "think" Penfed uses a different credit bureau for new credit cards versus CLI's -- and I know they use different ones for auto loans and credit cards. To make sure you don't get an unwanted HP, freeze your reports and call in and speak to someone -- do not do it online! It's very common for people who have been turned down for a CLI get a brand new card with a high limit the same day, but don't waste an HP, call them directly.

Re: CLI denied with PenFed, Use same pull for new card?

user979797 — Fri, 16 Jun 2023 22:31:29 GMT

Thanks I'll give them a call. I still haven't got a alert that they pulled anything for the CLI request maybe it's delayed.

What do they pull for new accounts vs CLI requests?

Re: CLI denied with PenFed, Use same pull for new card?

CH-7-Mission-Accomplished — Fri, 16 Jun 2023 22:36:46 GMT

@user979797 wrote:
Thanks I'll give them a call. I still haven't got a alert that they pulled anything for the CLI request maybe it's delayed.

What do they pull for new accounts vs CLI requests?

Actually they may not do an HP for CLI's. When I was referring to the different bureaus I was also meaning their monthly monitoring of your account. I have two Penfed cards that I never use and they have limits of $25K and $20K so I've never asked them for a CLI, but I read on these forums every day. No matter freeze those reports and call. That's the safe bet.

Re: CLI denied with PenFed, Use same pull for new card?

user979797 — Sat, 17 Jun 2023 00:34:42 GMT

I spoke with a Customer service rep and she advised they can use the same pull for the PCR application so i submitted it since I have nothing to lose. It also went to review so this is the second time it has not given me a instant approval and after my first denial with them i hope this doesn't turn into a second denial.. We will see in the next day or two. Fingers crossed hoping for a approval this time.