topic Re: Spreading the PENFED FEVER! in Credit Cards

Spreading the PENFED FEVER!

Anonymous — Mon, 18 Feb 2008 01:51:30 GMT

After reading Hauling's WOW thread, I decided to give Penfed a try. I called, joined and apped for the gas card. instantly approved. One phone call. One EQ pull. One happy camper!

That's it. I'm done.

Re: Spreading the PENFED FEVER!

John060675 — Mon, 18 Feb 2008 02:09:15 GMT

Congrats on your card. PenFed is wonderful to work with. I have CC with them, and it was just as easy as you stated.

Re: Spreading the PENFED FEVER!

Anonymous — Mon, 18 Feb 2008 02:10:24 GMT

esshua wrote:
After reading Hauling's WOW thread, I decided to give Penfed a try. I called, joined and apped for the gas card. instantly approved. One phone call. One EQ pull. One happy camper!

That's it. I'm done.

Sweet! WTG!

Anyone know how touchy they are about several new accounts?

Not asking because of anything. Just asking.

Like...in general.

Re: Spreading the PENFED FEVER!

Anonymous — Mon, 18 Feb 2008 02:19:45 GMT

cheddar wrote:

esshua wrote:
After reading Hauling's WOW thread, I decided to give Penfed a try. I called, joined and apped for the gas card. instantly approved. One phone call. One EQ pull. One happy camper!

That's it. I'm done.

Sweet! WTG!

Anyone know how touchy they are about several new accounts?

Not asking because of anything. Just asking.

Like...in general.

I have that new BofA Amex card. It's less than a month (2 weeks to be exact) and it's on my EQ report. Prior to this app, I had 3 Inq on the EQ. 2 are old. will fall off in April.... My EQ Fico is 799. I wasn't asked to send in any documents. Offered a car loan at 4.99%

Re: Spreading the PENFED FEVER!

Anonymous — Mon, 18 Feb 2008 02:22:50 GMT

Wow! Congrats esshua! That's a great card to have.

You make 3 people TODAY who've been approved by them.

Re: Spreading the PENFED FEVER!

Red1Blue — Mon, 18 Feb 2008 03:09:55 GMT

Can civilans join penfed? What are the requirements to join penfed?

Re: Spreading the PENFED FEVER!

Anonymous — Mon, 18 Feb 2008 03:12:47 GMT

concorduser wrote:
Can civilans join penfed? What are the requirements to join penfed?

Yep, you can join the National Military Family Association to be eligible for Penfed.

Re: Spreading the PENFED FEVER!

Anonymous — Mon, 18 Feb 2008 03:14:28 GMT

esshua wrote:

I have that new BofA Amex card. It's less than a month (2 weeks to be exact) and it's on my EQ report. Prior to this app, I had 3 Inq on the EQ. 2 are old. will fall off in April.... My EQ Fico is 799. I wasn't asked to send in any documents. Offered a car loan at 4.99%

OK, thanks. Your 799 intimidates me.

I'll hold off like I know I should.

Congrats again!

Re: Spreading the PENFED FEVER!

Anonymous — Mon, 18 Feb 2008 03:15:15 GMT

concorduser wrote:
Can civilans join penfed? What are the requirements to join penfed?

join the military family's association (or something like that). One time $20 donation on a visa or mastercard... I joined over the phone, joined penfed and then apped for the cc. you can do it online. I called because I was hoping for an instant approval... plus, I had tons of questions.

Here's the "how to join" link:

https://www.penfed.org/howToJoin/overview.asp

Re: Spreading the PENFED FEVER!

Anonymous — Mon, 18 Feb 2008 03:17:40 GMT

cheddar wrote:

esshua wrote:

I have that new BofA Amex card. It's less than a month (2 weeks to be exact) and it's on my EQ report. Prior to this app, I had 3 Inq on the EQ. 2 are old. will fall off in April.... My EQ Fico is 799. I wasn't asked to send in any documents. Offered a car loan at 4.99%

OK, thanks. Your 799 intimidates me.

I'll hold off like I know I should.

Congrats again!

Well, before you get too intimidated, let's see how this new TL and Inq affects my score.

I can sense a rebucketing soon...

Re: Spreading the PENFED FEVER!

Red1Blue — Mon, 18 Feb 2008 03:18:33 GMT

esshua wrote:

concorduser wrote:
Can civilans join penfed? What are the requirements to join penfed?

join the military family's association (or something like that). One time $20 donation on a visa or mastercard... I joined over the phone, joined penfed and then apped for the cc. you can do it online. I called because I was hoping for an instant approval... plus, I had tons of questions.

Here's the "how to join" link:
https://www.penfed.org/howToJoin/overview.asp

Do they pull hard inq when you join the CU, even though you do not apply for Credit Card or Loan?

Re: Spreading the PENFED FEVER!

Marvintran — Mon, 18 Feb 2008 03:27:13 GMT

Hi esshua

Did they give you a decent CL and and instant approval? I'm Thinking about joining them.

Re: Spreading the PENFED FEVER!

Anonymous — Mon, 18 Feb 2008 03:28:37 GMT

concorduser wrote:

esshua wrote:

concorduser wrote:
Can civilans join penfed? What are the requirements to join penfed?

join the military family's association (or something like that). One time $20 donation on a visa or mastercard... I joined over the phone, joined penfed and then apped for the cc. you can do it online. I called because I was hoping for an instant approval... plus, I had tons of questions.

Here's the "how to join" link:
https://www.penfed.org/howToJoin/overview.asp

Do they pull hard inq when you join the CU, even though you do not apply for Credit Card or Loan?

Once the membership was established and I received the membership # and input a PIN, the CSR said we would proceed to the CC application. She said she didn't need to pull the CR because it was pulled with the membership application. She put my financial info in and said everything was approved.... I asked what it meant. She said it meant that the CL and CC was approved and she said I had another offer for the car financing...

Re: Spreading the PENFED FEVER!

Anonymous — Mon, 18 Feb 2008 03:31:13 GMT

Marvintran wrote:
Hi esshua
Did they give you a decent CL and and instant approval? I'm Thinking about joining them.

I was asked what CL I wanted to apply for. I asked what the maximum cl is on the card. CSR said $50K. I said $10K because there is no point in being greedy. lol

I figured that with my 799 FICO, 10K was an good number. I wanted instant approval.

Re: Spreading the PENFED FEVER!

Red1Blue — Mon, 18 Feb 2008 03:31:14 GMT

Which CRA do they pull? I have too many inqs on my EX. I am going to wait another 12 months before I apply for any thing.

Re: Spreading the PENFED FEVER!

haulingthescoreup — Mon, 18 Feb 2008 03:37:17 GMT

@Red1Blue wrote:

Do they pull hard inq when you join the CU, even though you do not apply for Credit Card or Loan?

Yes, they do. It's good for up to 60 days, though, so if you think that you will go ahead and app for card, loan, etc., that inq should cover, as long as it's within the time period.

I thought that I could join the military fam assn and then PenFed later, but the military fam application is also the PenFed app, and that's when you get the hard inq. So it's not like you can creep up on it.

I joined specifically to get the 5% cashback on pay-at-the-pump and 2% groceries ("supermarkets", not Sam's club, not Superwalmart, etc), 1.25% everything else, and I had pitiful thoughts about maybe the car loan one day. I was quite delighted to get them both.

edit: they pull EQ only. I asked for (and got) $5K, because this is going to be our everyday expenses PIF'er, and I don't need any more. I had a 728. Still stunned, because of all my lates, but they seemed to like the really low util, etc.

Message Edited by haulingthescoreup on 02-17-2008 07:37 PM

Re: Spreading the PENFED FEVER!

Anonymous — Mon, 18 Feb 2008 03:35:42 GMT

concorduser wrote:
Which CRA do they pull? I have too many inqs on my EX. I am going to wait another 12 months before I apply for any thing.

They pulled Equifax.

I'm thrilled with this membership. The cc is great. But I'm happy to see that they offer competitive rates on many products. Seems like a great company. CSR was very nice.

Re: Spreading the PENFED FEVER!

haulingthescoreup — Mon, 18 Feb 2008 03:40:43 GMT

BTW, I hope that everyone who does app enters their info in WhoGaveMeCredit. There are around 5 different entries for PenFed (wish they'd clean that sort of thing up.) I used the first listing of Pentagon FCU, which was maybe 3rd in the clump of variations on the name. (so not Penfed, PenFed, etc)

Re: Spreading the PENFED FEVER!

Anonymous — Mon, 18 Feb 2008 03:45:56 GMT

haulingthescoreup wrote:
BTW, I hope that everyone who does app enters their info in WhoGaveMeCredit. There are around 5 different entries for PenFed (wish they'd clean that sort of thing up.) I used the first listing of Pentagon FCU, which was maybe 3rd in the clump of variations on the name. (so not Penfed, PenFed, etc)

will do...

Re: Spreading the PENFED FEVER!

Marvintran — Mon, 18 Feb 2008 03:51:13 GMT

I just join them and got a account number and pin and app for that visa 5% back on pay at the pump...

The CSR told me to call back tomorrow and check on the status of my app. I'm keeping my fingers cross. I hope they pull EQ because EX and TU has way too much Ing.