@rchvmz wrote:I logged into my Penfed account today and seen they had a new pre qualify link for Credit cards--never seen this in the 3 years I been a member,
At anyrate, I filled out the info and it went to a screen saying---Congrats--You are Pre qualified, and had a picture of the PCR card with a note..estimated credit limit 10k.
Has anyone had any expereince with their pre qual cards? Cap 1 is good as gold if it says you are pre qualified--same with Discover.
Never heard anything about Penfed----any one have any data pts to share on the pre qualify card system.
I have no cards or loans with them. Just checking/savings
the language sure suggests the offer is like an Amex/Apple card offer and that it's solid and you aren't going to go to pending if they've provided you an offer
"if you choose to accept the card offer" sounds a lot like apply with confidence language, but it wouldn't surprise me if that wasn't what was going on
hopefully it works like that in practice, I know if I was given an offer based on this language, then I was HP'd and went to pending i'd be beside myself
but without DPs impossible to know for sure
for anybody else curious, there are now pre-qualify buttons on all of the cards at: https://www.penfed.org/credit-cards
I just did one for the Platinum. Not a PenFed member. It spit out a limit for 10k, which seems on the low side for my profile, but not terrible. Not opening it because I don't need it, but data point for anyone interested.
@GZG wrote:
@rchvmz wrote:I logged into my Penfed account today and seen they had a new pre qualify link for Credit cards--never seen this in the 3 years I been a member,
At anyrate, I filled out the info and it went to a screen saying---Congrats--You are Pre qualified, and had a picture of the PCR card with a note..estimated credit limit 10k.
Has anyone had any expereince with their pre qual cards? Cap 1 is good as gold if it says you are pre qualified--same with Discover.
Never heard anything about Penfed----any one have any data pts to share on the pre qualify card system.
I have no cards or loans with them. Just checking/savings
the language sure suggests the offer is like an Amex/Apple card offer and that it's solid and you aren't going to go to pending if they've provided you an offer
"if you choose to accept the card offer" sounds a lot like apply with confidence language, but it wouldn't surprise me if that wasn't what was going on
hopefully it works like that in practice, I know if I was given an offer based on this language, then I was HP'd and went to pending i'd be beside myself
but without DPs impossible to know for sure
for anybody else curious, there are now pre-qualify buttons on all of the cards at: https://www.penfed.org/credit-cards
I did go pending----after I accepted the Pre-qual offer. Don't know if Penfed does any instant approvals, as I have no credit products with them. I know Cap 1 was instant approval after Pre-qual offer--Discover was not, took them a day or so. I could use a 10k PCR card from these guys. Email sent said under review-with 24-48 hr response time. Seen a soft inquiry from the pre-qual, then a HP after submitting. Lets hope its a solid offer. No request for POI
So, word of warning. I tried the prequalify and it had me log in. At the end of the app it crashed. When I logged back in I was approved for the gold. Straight up app. So far no hp. I had a plan once my reports were clean in January and now it's screwed me up by 6 months.
@rchvmz wrote:I logged into my Penfed account today and seen they had a new pre qualify link for Credit cards--never seen this in the 3 years I been a member,
At anyrate, I filled out the info and it went to a screen saying---Congrats--You are Pre qualified, and had a picture of the PCR card with a note..estimated credit limit 10k.
Has anyone had any expereince with their pre qual cards? Cap 1 is good as gold if it says you are pre qualified--same with Discover.
Never heard anything about Penfed----any one have any data pts to share on the pre qualify card system.
I have no cards or loans with them. Just checking/savings
I tried the penfed prequalify last week and was prequalified for the gold card with a limit of $7500. I submitted the app and it went to review. I was denied. I have no idea why but I suspect they think I am egyptian. I have had a lot of new accounts and a new personal loan of 25k.
denied apps, apps going pending, people getting approved without submitting apps
@NoMoreE46 wrote:Ah Sounds like typical PF being typical PF.
agree 100%
they really need to change the language on the prequal considering it looks practically ripped straight from Amex, but it doesn't function like Amex