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PenFed CLI

ccquest
Established Contributor

Re: PenFed CLI


@SouthJamaica wrote:

@Ms6Footer wrote:

I was on the phone w them to discuss a payment and I asked about a CLI.  I asked are they hard/soft inquiry and she said they are hard.  I also asked do they ever do reviews for automatic increase because I've never gotten one. She said the limit will stay the same unless o request an increase.  That sucks. 


Both of those answers are typical of the large majority of credit unions, in my experience.


I thought PenFed used to add an option as an "Offer" for some people? I haven't seen it mentioned recently, but that's kinda what I was holding out for on my own account instead of a HP.

as of 1/1/23
Current Cards:
Message 11 of 16
coreyb80
Senior Contributor

Re: PenFed CLI


@ccquest wrote:

@SouthJamaica wrote:

@Ms6Footer wrote:

I was on the phone w them to discuss a payment and I asked about a CLI.  I asked are they hard/soft inquiry and she said they are hard.  I also asked do they ever do reviews for automatic increase because I've never gotten one. She said the limit will stay the same unless o request an increase.  That sucks. 


Both of those answers are typical of the large majority of credit unions, in my experience.


I thought PenFed used to add an option as an "Offer" for some people? I haven't seen it mentioned recently, but that's kinda what I was holding out for on my own account instead of a HP.


It still does happen.  

Message 12 of 16
Ibike
New Visitor

Re: PenFed CLI

This is true. I recently opened a PF checking and savings account.  Through this process is a verification of identity which includes a SP on credit. Immediately after account opening I applied for the Gold Visa and was approved immediately and NO HP on credit. Guess this one is a freebe :-)

Message 13 of 16
Anonymous
Not applicable

Re: PenFed CLI


@Ibike wrote:

This is true. I recently opened a PF checking and savings account.  Through this process is a verification of identity which includes a SP on credit. Immediately after account opening I applied for the Gold Visa and was approved immediately and NO HP on credit. Guess this one is a freebe :-)


really? Lucky you I think I got dinged EQ, right after getting checking apped for PCR Smiley Sad

Message 14 of 16
OmarGB9
Community Leader
Super Contributor

Re: PenFed CLI


@Ibike wrote:

This is true. I recently opened a PF checking and savings account.  Through this process is a verification of identity which includes a SP on credit. Immediately after account opening I applied for the Gold Visa and was approved immediately and NO HP on credit. Guess this one is a freebe :-)


Did you get an HP maybe a day or two later? Sometimes the HPs are delayed. 


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 15 of 16
coldfusion
Community Leader
Mega Contributor

Re: PenFed CLI


@OmarGB9 wrote:

@Ibike wrote:

This is true. I recently opened a PF checking and savings account.  Through this process is a verification of identity which includes a SP on credit. Immediately after account opening I applied for the Gold Visa and was approved immediately and NO HP on credit. Guess this one is a freebe :-)


Did you get an HP maybe a day or two later? Sometimes the HPs are delayed. 


IMEit isn't that the HPs are delayed, it's that the monitoring services don't always immediately alert on a Transunion or Equifax inquiry,  more than once not until the next day.   I've never had an Experian HP that didn't trigger an alert within a couple of seconds.

(2/2023)
FICO 8 (EX) 833 (TU) 839 (EQ) 840
FICO 9 (EX) 843 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 16 of 16
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