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Penfed success less than 1 year post BK.

Hex
Established Contributor

Re: Penfed success less than 1 year post BK.

PenFed pulls Equifax FICO 9 for credit card apps.  

Message 21 of 23
anniea4001
Regular Contributor

Re: Penfed success less than 1 year post BK.

@moncsicsi not really. I just put $50 here and there. I have not put any more money into it in several months now. But I have read of people who only put $5-10 when they opened the account and they were still approved weeks or months later. So I dont think that the amount of money you have in the account has anything to do with the apporval. 

Message 22 of 23
SUPERSQUID
Valued Contributor

Re: Penfed success less than 1 year post BK.


@anniea4001 wrote:

@moncsicsi not really. I just put $50 here and there. I have not put any more money into it in several months now. But I have read of people who only put $5-10 when they opened the account and they were still approved weeks or months later. So I dont think that the amount of money you have in the account has anything to do with the apporval. 


I opened a savings account with penfed in may with 15 bucks, let it gain cobwebs and then applied for the Penfed Power Cash Rewards card in december and was instantly approved for 7500 at 17.99

{ BK7 DC 12/2019 } target 1000/ kohls 2500/ discover 3k / 2nd discover 6k cl/mercury 3350 /ollo 600 / ikea 750/ firestone 2800 /legacy 2000 /first savings bank cc 2000/ cap1 QS 2k/ cap 1 savor one 3100 /comenity rewards mc 1k, Penfed PCR signature visa 7.5k, NFCU >signature visa cash rewards 9700/bread cashback amex 6k

>/ nfcu platinum 3k, BABY NEEDS NEW SHOES !!!!!
Message 23 of 23
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