topic Re: Pre-Approval staredown in Credit Cards

Pre-Approval staredown

BootStraps — Thu, 02 Oct 2014 15:01:53 GMT

After reading the email from them, I logged in to my Penfed account and found a credit card preapproval; this is something that I haven't gotten from them before.

It has activated my need examine it to death so I have a few questions about other people's experiences.

1) How accurate are their pre-approvals?

2) Has anyone here been denied for their famous 'pyramiding' after getting a preapproval?

3) Is it a HP or SP when accepting their preapprovals? (yes, I know expect a hard pull. I'm asking for what folks have experienced)

Re: Pre-Approval staredown

RavenTKR — Thu, 02 Oct 2014 15:30:10 GMT

I got the "Featured Member Offers" from Penfed on October 1, 2014. it included the Promise Visa, a mortgage offer and a share certificate.

The same offers appear in the "Other Offers" section and not in the Pre-Approvals.

Does this mean that these offers will be an SP or HP?

Re: Pre-Approval staredown

Creditaddict — Thu, 02 Oct 2014 15:32:38 GMT

@BootStraps wrote:
After reading the email from them, I logged in to my Penfed account and found a credit card preapproval; this is something that I haven't gotten from them before.

It has activated my need examine it to death so I have a few questions about other people's experiences.

1) How accurate are their pre-approvals?
2) Has anyone here been denied for their famous 'pyramiding' after getting a preapproval?
3) Is it a HP or SP when accepting their preapprovals? (yes, I know expect a hard pull. I'm asking for what folks have experienced)

those are golden that I know of.

Re: Pre-Approval staredown

CreditJim — Thu, 02 Oct 2014 15:41:46 GMT

Where do the preapprovals pop up in Penfed?

Re: Pre-Approval staredown

BootStraps — Thu, 02 Oct 2014 15:48:54 GMT

@CreditJim wrote:
Where do the preapprovals pop up in Penfed?

Below the "Transfer Funds" box on the right hand side. Immediately above the rotating "Other Offers" box under the "other offers" title.

If there are no preapproved offers, there will just be the rotating box under the 'other offers' title.

Re: Pre-Approval staredown

Involver — Thu, 02 Oct 2014 15:49:48 GMT

The pre-approved offers will be a SP and they are gauranteed.

Re: Pre-Approval staredown

Anonymous — Thu, 02 Oct 2014 16:02:18 GMT

I'll have to keep this in mind in case I ever get a pre-approval.

Re: Pre-Approval staredown

BootStraps — Thu, 02 Oct 2014 16:14:44 GMT

Hmmm... And the temptation grows...

Re: Pre-Approval staredown

Creditaddict — Thu, 02 Oct 2014 16:32:20 GMT

many dream of the penfed pre approval and you can't decide rather to take a basic approved card being offered!!! I die

Re: Pre-Approval staredown

MzCharming — Thu, 02 Oct 2014 16:37:11 GMT

I agree... I am in the garden right this moment until I get my cards paid down ---> But living vicariously through everyone else's approvals. I find myself ready to scream at the CPU "Take the card!!!!"

Re: Pre-Approval staredown

BootStraps — Thu, 02 Oct 2014 16:42:01 GMT

@Creditaddict wrote:
many dream of the penfed pre approval and you can't decide rather to take a basic approved card being offered!!! I die

LOL!

A year ago I felt the same way. At this point a card must fit into my credit strategy to have a place at the table.

I'm deciding if I want to lower my AAoA and deal with managing another card.

Re: Pre-Approval staredown

Creditaddict — Thu, 02 Oct 2014 16:43:19 GMT

@BootStraps wrote:
@Creditaddict wrote:
many dream of the penfed pre approval and you can't decide rather to take a basic approved card being offered!!! I die
LOL!

A year ago I felt the same way. At this point a card must fit into my credit strategy to have a place at the table.

I'm deciding if I want to lower my AAoA and deal with managing another card.

for penfed... WAY WORTH IT!

Re: Pre-Approval staredown

sillykitty1 — Thu, 02 Oct 2014 17:08:51 GMT

If you have a preapproval on a cc you already have, you will have the option of getting a second card or have the preapproved amount be a CLI.

Re: Pre-Approval staredown

CreditDunce — Thu, 02 Oct 2014 17:27:07 GMT

@BootStraps wrote:
@Creditaddict wrote:
many dream of the penfed pre approval and you can't decide rather to take a basic approved card being offered!!! I die
LOL!

A year ago I felt the same way. At this point a card must fit into my credit strategy to have a place at the table.

I'm deciding if I want to lower my AAoA and deal with managing another card.

+! unless the card is more useful than what you currently have, it doesn't matter who offers it.

Re: Pre-Approval staredown

1GaDawg85 — Thu, 02 Oct 2014 18:04:04 GMT

I really want a PenFed card but I know they don't like me still.....so tempting to apply for the Defender card though

Re: Pre-Approval staredown

BootStraps — Thu, 02 Oct 2014 20:06:57 GMT

@1GaDawg85 wrote:
I really want a PenFed card but I know they don't like me still.....so tempting to apply for the Defender card though

It took me about a year and a half before they offered me anything.

Penfed tends to take a long time.

Re: Pre-Approval staredown

BootStraps — Fri, 03 Oct 2014 12:35:31 GMT

Okay.

After analysis, it fits my credit strategy and bumps out my chase freedom.

Re: Pre-Approval staredown

1GaDawg85 — Fri, 03 Oct 2014 13:58:30 GMT

So I'm guessing the "Featured Members Offers" aren't really that special then....

Re: Pre-Approval staredown

BootStraps — Fri, 03 Oct 2014 14:01:50 GMT

I think that the "Featured Members Offers" are just marketing.

Re: Pre-Approval staredown

Anonymous — Fri, 03 Oct 2014 14:05:14 GMT

@BootStraps wrote:
I think that the "Featured Members Offers" are just marketing.

Yup, pretty much.