topic Re: PENFED !!!!!!!!!!!!!! in Credit Cards

PENFED !!!!!!!!!!!!!!

NEEDCREDITADVISE — Fri, 30 May 2008 03:19:15 GMT

Okay, I applied with PenFed yesterday and they gave me the 24 hour pending status, I called today and they are requesting two most recent check stubs, DOES that mean I'm approved pending my stubs

Re: PENFED !!!!!!!!!!!!!!

nicemann — Fri, 30 May 2008 03:24:38 GMT

Hopefully by the way it sounds, they will approve you.

Not to thread highjack but I was wondering.....I have nothing to do with the military, neither does any of my family or friends. What is the best way to get membership with them?

Message Edited by nicemann on 05-29-2008 08:24 PM

Re: PENFED !!!!!!!!!!!!!!

NEEDCREDITADVISE — Fri, 30 May 2008 03:27:19 GMT

Me neither, I joined by paying 20.00 to military family one time donation and 5.00 to open a share account

Re: PENFED !!!!!!!!!!!!!!

nicemann — Fri, 30 May 2008 03:28:48 GMT

Humm If I knew I would get approved it may be worth the $20. Guess I better sleep on it before I waste another INQ.

Re: PENFED !!!!!!!!!!!!!!

Anonymous — Fri, 30 May 2008 07:31:30 GMT

nicemann wrote:
Hopefully by the way it sounds, they will approve you.

Not to thread highjack but I was wondering.....I have nothing to do with the military, neither does any of my family or friends. What is the best way to get membership with them?

Message Edited by nicemann on 05-29-2008 08:24 PM

Hi nicemann call the 800 # and apply! You can open a checking, savings, money market, ect.... to become a member The cheapest way is the savings account which is opened with $5!

Re: PENFED !!!!!!!!!!!!!!

SonorityGenius — Fri, 30 May 2008 11:53:01 GMT

If you are non military join the military family assoc. right off from penfed's website, now there is a new promo I saw where its only $15 to join +$5 to fund savings acct = $20 total to get in

Penfed is notoriously strict though so make sure

1. no new accounts within 3 months (preferably 1 year but ymmv)

2. few inquiries (not recent)

3. no balance to cl ratios high (they will call you an egyptian)

4. they dont like too many CAs/judgements and frown on lower scores.. but ymmv with recon

if it says pending paystubs its MOST likely approved with verification of the income you stated on your app matches

Another way to check pending apps with penfed than to call 800# is login online click Manage account click Check Application Status and select the box next to it under "view comments" click submit and it will show you the status

Re: PENFED !!!!!!!!!!!!!!

Scamp — Fri, 30 May 2008 13:26:39 GMT

SonorityGenius wrote:
If you are non military join the military family assoc. right off from penfed's website, now there is a new promo I saw where its only $15 to join +$5 to fund savings acct = $20 total to get in

SG, I didn't see this promo on the website last weekend when I was nosing around before joining, and when I ended up applying over the phone using the NMFA route and mentioned this promo to the CSR taking my app, she looked and couldn't find it, either - would you please give a bit more information about how to find this promo on there..? Thanks!!

Re: PENFED !!!!!!!!!!!!!!

SonorityGenius — Fri, 30 May 2008 19:31:16 GMT

sure, on the right hand corner side of penfed.org is an for the MFA click on it and you will see this

"Pentagon Federal Credit Union members whom wish to join MOAA can now take advantage of our MOAA discounted membership fee of only $13"

So it actually is lower than $15 now!!

https://www.penfed.org/MOAA/overview.asp?PassVar=1&adcode=381prod=MOAA

Message Edited by SonorityGenius on 05-30-2008 12:31 PM

Re: PENFED !!!!!!!!!!!!!!

Anonymous — Fri, 30 May 2008 19:40:10 GMT

Hey guys quickie does Pennfed have more than one location if so where abouts or can you find locals on their website. Thanks for your help n advance.

Re: PENFED !!!!!!!!!!!!!!

Scamp — Fri, 30 May 2008 19:44:37 GMT

SonorityGenius wrote:
sure, on the right hand corner side of penfed.org is an for the MFA click on it and you will see this

"Pentagon Federal Credit Union members whom wish to join MOAA can now take advantage of our MOAA discounted membership fee of only $13"

So it actually is lower than $15 now!!

https://www.penfed.org/MOAA/overview.asp?PassVar=1&adcode=381prod=MOAA

Message Edited by SonorityGenius on 05-30-2008 12:31 PM

Ah - so the promo is for MOAA, not NMFA - okay. lol.

Thanks for clarifying and for the link - I can't use it, but I'm sure others will who are military officers and want to join up that way!

Re: PENFED !!!!!!!!!!!!!!

SonorityGenius — Fri, 30 May 2008 19:59:02 GMT

roflmao! you're right, omg I could have swore I read MMFA lmaooo its MOAA.. I just saw the capital "M" and scrolled down on it?!

lol, <<needs to get RX for glasses>

Re: PENFED !!!!!!!!!!!!!!

Anonymous — Fri, 30 May 2008 20:00:22 GMT

They'll call you an egyptian if you have too many accounts opened within a short time. That's what they called me even though my EQ score is high and my CL ratios weren't high.

SonorityGenius wrote:
If you are non military join the military family assoc. right off from penfed's website, now there is a new promo I saw where its only $15 to join +$5 to fund savings acct = $20 total to get in

Penfed is notoriously strict though so make sure
1. no new accounts within 3 months (preferably 1 year but ymmv)
2. few inquiries (not recent)
3. no balance to cl ratios high (they will call you an egyptian)
4. they dont like too many CAs/judgements and frown on lower scores.. but ymmv with recon

if it says pending paystubs its MOST likely approved with verification of the income you stated on your app matches

Another way to check pending apps with penfed than to call 800# is login online click Manage account click Check Application Status and select the box next to it under "view comments" click submit and it will show you the status

Re: PENFED !!!!!!!!!!!!!!

jmbfl — Sat, 31 May 2008 10:44:02 GMT

Anyone can join MOAA as an auxillary member. The $13 membership rate is a bargain! I joined NMFA for $20. You do not need to maintain your membership beyond the initial signup period.

Re: PENFED !!!!!!!!!!!!!!

haulingthescoreup — Sat, 31 May 2008 14:54:44 GMT

I didn't mind giving $20 to NMFA. Military families have a lot of challenges, especially in wartime, so if they can use my bucks, good for them.

Besides, I made back that $20 in the first month with my gas card cash back.

Re: PENFED !!!!!!!!!!!!!!

Anonymous — Sat, 31 May 2008 17:25:34 GMT

@haulingthescoreup wrote:

Besides, I made back that $20 in the first month with my gas card cash back.

You must use a lot of gas to get $20 cash back on gas.

Re: PENFED !!!!!!!!!!!!!!

haulingthescoreup — Sat, 31 May 2008 17:51:15 GMT

@Anonymous wrote:

@haulingthescoreup wrote:

Besides, I made back that $20 in the first month with my gas card cash back.

You must use a lot of gas to get $20 cash back on gas.

It's 5% on gas, 2% on groceries, and 1.25% on everything else.

I don't use cash any more, so it you run everything through just a few cards, the rewards can really add up. And I pay them off every month, sometimes several times within a month, so I don't pay any interest. This was after two statements:

EARNED 1.25% REBATE YEAR TO DATE IS 6.81
EARNED 5% REBATE YEAR TO DATE IS 23.38
EARNED 2% REBATE YEAR TO DATE IS 12.08

Re: PENFED !!!!!!!!!!!!!!

jmbfl — Mon, 02 Jun 2008 16:14:45 GMT

HSTU -

Same program as you. Having to change from running most everything through my debit card to instead the PenFed card. After a few months I will have a little more confidence in my ability to do this, but so far so good. I also have more that enough on deposit with PenFed to cover my account so they should love me even more than they did when they granted me my card. Getting the SO to run her payments through PenFed as opposed to debit card will be more difficult. (She runs EVERYTHING through her debit card, including things she should absolutely not, like Paypal! Never pay for ANYTHING on Ebay other than by Paypal backed by CC. NEVER!) But, after she sees some rewards credited to her account I am sure she'll "get" the program. I have more that recouped the $20 membership fee for NMFA and I have have the card just about a month. I considered joining MOAA as an auxillary member, but NMFA won out. I think they are a very worthy cause!