PENFED CLI declined (before 90 days)

[glamchick]

I called PENFED to see if they would consider a CLI at 80 days.  I have a balance because of BT's but I make large payments to pay it down. But my Util is around 20%

I was declined for a cli.

The only thing they could offer me was another credit card (Promise or Amex) but I had to take some of my penfed rewwards credit line and transfer it to the Promise or Amex card.  They also declined opeing a new credit card.

Do you think its worth trying again at 90 days before my credit pull is not longer valid?

[dragontears]

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@glamchick wrote:

I called PENFED to see if they would consider a CLI at 80 days.  I have a balance because of BT's but I make large payments to pay it down. But my Util is around 20%

I was declined for a cli.

The only thing they could offer me was another credit card (Promise or Amex) but I had to take some of my penfed rewwards credit line and transfer it to the Promise or Amex card.  They also declined opeing a new credit card.

Do you think its worth trying again at 90 days before my credit pull is not longer valid?

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Are there going to be any significant changes to your profile in the next 10 days?

[glamchick]

My points might go up a little.  

I assume they will just keep using my original credit report to base their decision becuase I dont want them to pull another one.

[Anonymous]

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@glamchick wrote:

My points might go up a little.  

I assume they will just keep using my original credit report to base their decision becuase I dont want them to pull another one.

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98% likely they will still say no especially since they are using older report. Rep told me the other day (in your same situation) that I have a great score and excellent usage and payment history thus far (have a cc and auto loan) but they wanted to wait 6 months before extending more, said they are likely to start heading that direction with everyone in the near future.

[glamchick]

I have an auto loan with them too.   I always make an over payment too!

Well I will try again in 3 more months and see what happens

[kugel]

Sorry
Did they tell u the reason u got declined ?

[kugel]

Whats your cl on the Penfed card u have ?

[RonM21]

Hopefully in 3 months the chances will improve. Until then, do everything you can with your profile to set yourself up for it.

[AverageJoesCredit]

Agreed, 6 months seems to be the history mark they want before approvong a second date ....at least for me
Penfed is really quite the catch so ill continue to woo her til i get a yes. Best of luck in the future with your clis!!

[Anonymous]

The only thing they could offer me was another credit card (Promise or Amex) but I had to take some of my penfed rewwards credit line and transfer it to the Promise or Amex card. They also declined opeing a new credit card.

I was told the same thing when I applied for my 3rd card with them...so I suggested they take 4k from oNE of my accounts. ...well I opened an Amex but they never took it from my account. .Guess what...3rd card has a 4k sleep and my other accounts are still the same SL....PENFED = GREATEST AKA G.O.A.T #lovepenfed