Another Penfed cli denial

[Anonymous]

I hear you, AJC. I opened up my membership with them around Christmas 2016 and was approved at 22.5k for one of their credit cards and I do have a used car loan with them as well. I attempted to received a CLI but they denied me saying that I "presently have maximum open-end credit" 😷

I guess I don't understand how they "judge" someone with a lower score, higher utilization, greater number of cards and lesser annual income coupled with a lower amount of time with said employer, how that person(s) is deemed "worthy" of having a higher credit line than what I was pursuing. Yes, I did go there and yes, I'm ok with being verbally throttled lol.

I am sometimes amused by what people share because of what they have 'heard' and we sometimes apply that as a shared factual experience. Sometimes hearsay isn't even really hearsay. Sometimes it's just words being shared and not even based on my or your mileage varying based on our experiences.

AJC, going back to you. I did open up a Navy Federal card account as well and for me, it started relatively low but on my first CLI they did not hesitate to reward me. Your scores are better than mine and I just know that greater opportunities will literally LEND itself to you and you'll just get to the point you'll be saying NO, NO, NO sounding like a negative Santa Claus in July. I want to get there eventually but stay encouraged and keep posting for us that love seeing your progression.

[AverageJoesCredit]

Thanks everyone. No doubt Spaghetti, i understand your view as well. Heck , i was really rooting for K-in- Boston to get taken good of with Navy and Penfed because i knew his/her profile and income supported having the best credit has to offer. My main beef i guess is im not given the chance to allow them to become one of my mainstays. As low as my income is , even for me $500 cant do much as i wanna practice the great credit habits ive learned and picked up and not over utilize a card. Not much room to breathe with that limit.

I actually just received a new Penfed survey as i checked my email on my lunch break. Im gonna complete it now and will let everyone know how it goes. Thanks again family for the support

[Aduke1122]

Good luck I'm rooting for you AJC and hope the survey gives you some resolution. 500 is definitely too low to do much of anything with . That's why it's so disheartening for me with my Navy fed cc . 9 statements now have cut with no improvements. I mean if they would just cave a tiny bit I would be happy but it seems it's either all of nothing with them

[AverageJoesCredit]

Thanks Aduke. I just finished up the survey but decided i didnt want them to contact me , dont know if they will or not but im content with my decision. I have to scale back my cc collection anyway just sad it had to be a Penfed card and not s Sync card. Ahh well, the beat marches on. Like our good friend Buzz lightyear likes to say...To infinity and beyond

[Aduke1122]

So you decided to close it out then ?

[Anonymous]

Hi AJC I'm so sorry PenFed didn't work out for you!!! 

[grillandwinemaster]

Hey Joe, sorry to hear about your PenFed woes.  I know how you feel.  I'm in a very similar boat ⛵ 

But your right. It is THERE loss! 

Keep your sense of humor, it's always enjoyed!

[grillandwinemaster]

Hey man! There's a lot of Red member icons on this page. Other than Spaghetti... 

Lol

[AverageJoesCredit]

Thanks Grill

Thanks GIJane

Aduke, im not sure, i have a message waiting for me at the site, ill have to read it. Perhaps itll say how to close. I could just pull off my Netflix and let it it die on its own. I could app another card to Bt my loan off but i really dont want anymore cardd. Perhaps ill use my Boa card as they have been really great to me even with limited experience. Ive used up some hps with them but at least i get positive results. Ill update you guys after i read the message. Hopefully it doesnt sour my mood tonight lol. Dont worry grill, i have you guys to keep me on my toes, jam and all lol

[medicgrrl]

*patiently waits for next update*