PenFed Credit Card Help

[Breezy117114]

Hello All, hope everyone is doing as well as they can during these trying times.

I have a PenFed Checking, Savings and Auto Loan currently.  I am was in search of two 0% cards I could transfer some balances to.  I applied for and got approved for the Low Rate card with a 7500.00 limit.  I decided to try my luck with the Power Cash Rewards card as well and was denied.  

How would you proceed, let the denial go and try again in a few months?   Don't try again and go for a CLI on the low rate card in 4 or 6 months?  No experience with PenFed credit cards or loans.  If I got approved for the card, then denied for power cash, do I have any shot at a loan, if so, how much should I ask for.  

Thank you!

[FinStar]

When was the approval done for the low rate CC (7,500 CL)?

[Breezy117114]

Maybe half hour prior?

[FinStar]

It sounds like PenFed has extended what they're comfortable with at this time as far as the CC approval.  I would just wait 6+ months for a CLI, but their quarterly offers (when available) provide better results.  No timeframe when these pop up since it's profile-dependent.

If you decide to apply for a loan, it'll be a separate HP as that's a separate system interface as they won't repurpose the HP from the CC application.

Just curious, which score data is provided, FICOs or...?   PenFed uses EQ FICO9 btw.

[Breezy117114]

Score Data was FICO

EQ9 was showing 663, much lower than EQ8 on MyFico app.