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Another Penfed cli denial

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Anonymous
Not applicable

Re: Another Penfed cli denial

What a bummer AJC! I'm shocked that PenFed is being so stingy with the credit for you. I've always had good luck with the survey's, so again I'm surprised they're not being helpful. When I did the last one, one of the UW's called me and said many of the newer UW's are being stingy with the limits and she didn't understand why than she bumped my limit up $20,000. Keep your chin up on your journey though, you've been having some awesome success lately!

Message 31 of 51
AverageJoesCredit
Legendary Contributor

Re: Another Penfed cli denial

Thanks SmcSmiley Wink This time , i did get that survey, but just put dont contact me. Im sure they would have called, but honestly, i just didnt want to go through the im doing great credit wise , in doing this, that, and then being hit with the yes yes you are doing great, we just want to see some history la di da, been there done that. I really dont mind having to earn my way through the ranks what i dont like is being told one thing, you go out and do that and it still has no meaning , thats what i dont like. And to think with all the money they have coming in they cant even wxtend me 500 bucks more at least to say thanks for using our credit card wisely. No thanks. But anyway, ill just have to see where i am in 2 years lolSmiley Happy.
Message 32 of 51
BluePoodle
Valued Contributor

Re: Another Penfed cli denial

Sorry to hear AJC! But you always have a wonderful attitute for the ups and the downs in this marathon. Great example to us all.

CapOne $7500 | Discover $8500 | Amex ED $25K | Barclay SM $5700 | Chase Disney $500 | Chase Slate $5K | Target $3K | Hilton Amex $2K
Gardening Since 4/3/2017
Message 33 of 51
Anonymous
Not applicable

Re: Another Penfed cli denial

I was approved for the Promise card back in October and denied any type of recon efforts. I probably tried at least 10 times within a 1 month span using every avenue i could think of. The funny thing is, each denial was a different denial reason. Everytime i called for any reason the CSR's would always be like "we see your card is only 1K but your credit score is decent. I think you could get a CLI.."  So after about the 10th denial reason i decided i'd garden for 12 months and try again. My EQ at the time was around 700 maybe. Nexgen was 740.. EQ is now 733. I'm not holding my breath when that 12 months is up.

Message 34 of 51
AverageJoesCredit
Legendary Contributor

Re: Another Penfed cli denial

Wow FicoFuel, your nextgen score looks good i hope you get it when you decide to try again. I was like that with Discover , 5 tries to get in, 6 hps. I honestly dont think ill ever use another hp for this card. If they were to auto im not going to say no but its not like im getting rewards back or anything so i guess sometimes you have to find silver linings where dark skies exsist. When it does come time to actually start reducing my cc's itll be alot easier to let go a 500 card than a 5k oneSmiley Happy

Blue, i try, we're only human but at the end of the day gotta continue on. Im glad to help others here as many have helped me along this journey. One foot forward makes sure its goes steadySmiley Wink
Message 35 of 51
Anonymous
Not applicable

Re: Another Penfed cli denial

Well, I'll contribute, if only to give you a positive spin on your $500 CL. When I applied for a card they turned me down outright even though Discover gave me a pretty new card the day before. When I tried to recon via the survey the rep helping me was nice as could be but wasn't even willing to consider me for a secured card so I could get my foot in the door. You may not get luv but I got straight up disdain. Smiley Wink Fortunately, for me, Navy Fed is a delight to work with.
Message 36 of 51
Anonymous
Not applicable

Re: Another Penfed cli denial

I'm sorry but their recon team is amazing. Read my story and I'm really impressed with them.

http://ficoforums.myfico.com/t5/Credit-Card-Approvals/PenFed-Cash-Rewards-Recon-Turned-Approval/td-p...
Message 37 of 51
Anonymous
Not applicable

Re: Another Penfed cli denial

I had accidentally hit the post button last night but now that I see your 1k PenFed cli AJC I want to say CONGRATULATIONS, awesome job! Smiley Happy

Message 38 of 51
AverageJoesCredit
Legendary Contributor

Re: Another Penfed cli denial

Today is 9th Apr and still no response to reconsideration. Ill check account tomorrow to see if any movement if not im going to call on my lunch break tomorrow. Depending on how the convo goes may determine the fate of my card. I dont forsee my income improving over next 2 years so if i cant pull anything on this go around maybe time to go over to FedpenSmiley Happy
Message 39 of 51
AverageJoesCredit
Legendary Contributor

Re: Another Penfed cli denial

Update guysSmiley Happy RECON APPROVED 1K CLI new limit 1.5kSmiley Happy APR drop to 15.99% Smiley Wink
Message 40 of 51
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