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PENFED Conditionally Approved

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Czyln
Valued Member

PENFED Conditionally Approved

I applied to PENFED and was "Conditionally Approved" for the Visa - Power Cash Rewards cards, they wanted the last two IRS returns. I called and told them I am a 100% Disabled Veteran and most of my income is non-taxable and that it would not reflect on my returns. I was told to just send in my award letters.

How long does this process take? I am hoping to do balance transfers before the end of this month.


Message 1 of 11
10 REPLIES 10
FinStar
Moderator Emeritus

Re: PENFED Conditionally Approved

First, thank you for your service. 

 

Second, the process can take about a week or so for processing.  Did you email or fax them the information? 

Message 2 of 11
Czyln
Valued Member

Re: PENFED Conditionally Approved

I uploaded using the link from the email I received. I included a letter stating the conversation and details from their representative.

It is my privilege to have served. Thank you for your support.

Message 3 of 11
FinStar
Moderator Emeritus

Re: PENFED Conditionally Approved


@Czyln wrote:

I uploaded using the link from the email I received. I included a letter stating the conversation and details from their representative.

It is my privilege to have served. Thank you for your support.


Awesome.  Give it until Monday and then reach out to them to confirm receipt of your documents.   The agent can check with the appropriate department so they can continue with the processing of the application.

 

Fingers crossed and let us know the outcome.

Message 4 of 11
Czyln
Valued Member

Re: PENFED Conditionally Approved

Thank you for help! I will wait until Monday.

Message 5 of 11
Anonymous
Not applicable

Re: PENFED Conditionally Approved

Just stopping by to thank you for your service!

Message 6 of 11
JR_TX
Valued Contributor

Re: PENFED Conditionally Approved

Same here...

 

Thank you for your service and hope you finally get your final and official approval from them very soon! 

New cc TLs : 0/6 ; 0/12 ; 0/24 | HPs EX 3 EQ 3 TU 4 | AAoA 8y1m | UTIL 1% - 4% | $300K+ Total Limits

Message 7 of 11
Czyln
Valued Member

Re: PENFED Conditionally Approved

Update: Finally got an approval! $3500 limit but atleast I'm in. Now anyone have info on CLIs?

Message 8 of 11
donkort
Valued Contributor

Re: PENFED Conditionally Approved

I've seen many people advocate waiting at least six months.

FICO 8: EQ 810; TU 816; EX 822 as of 7/5/2022
Message 9 of 11
AllZero
Mega Contributor

Re: PENFED Conditionally Approved


@Czyln wrote:

Update: Finally got an approval! $3500 limit but atleast I'm in. Now anyone have info on CLIs?


Congratulations on your approval!

Message 10 of 11
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