PenFed Pathfinder Denied with 750 CS?

[Anonymous]

I'm not sure if it will be another HP. When I reconned in March, they used the same HP, but I feel like they've been more HP-happy these days. If you don't want to risk the chance of another HP, then I would just leave it be.

[Anonymous]

Don't feel bad. I too was turned down and my scores are 774, 778, and 787. My income is $840,000 a year.

The reason I was turned down is due to the fact I was issued two new cards, one from Citi and a Propel card from Wells Fargo in the last month. Both with very high credit limits. I also have 63 credit cards with my utilization at 1% total, no one card is higher then 3%. 

My first turn down in over 10 years. Such is life I guess.

[CreditInspired]

Hi OP and welcome

What is the UT on each of your cards?

[Anonymous]

@mark3038 That is interesting, thank you for sharing.  Having an income that high must create its own challenges I cannot imagine.  You have my deepest sympathies.

@CreditInspired My utilization is always less than 10%.  I always pay off my card by the time I have a charge over $150 or so (a couple times a month).

I will send a recon request email once I actually get the physical letter, which hasn't yet arrived.  Is there a point in waiting for the phtysical letter, or will it contain the exact same info as the online request?

The two main points I will bring up is that 1) I am a student (hopefully that will be in better light than being an employee), and 2) I did have another hard inquiry earlier in September, but that was to open an unrelated checking account, and so I just want to mention that in case they think that hard inquiry was for a credit card.

[Anonymous]

So I sent my letter and my documents (with a hand-written signature and all) via email, got a reply saying I would hear back in 24 - 48 hours, and then.. denied.  And, the letter I got sent was the exact same one as the first letter, which makes me think they didn't even read my documents.  (In fact, the date is even from the same day.)

Ah well.  I'm more upset at myself that I spent my time on this card.

Hope you all have better luck!

[AllZero]

Thanks for the follow post.

That's unfortunate you were not able to overturn the denial.

Were you able to obtain membership? If so, I would recommend sticking around with Penfed. Hopefully, as you build up some history, it will improve your standing with them and increase your odds at another CC application.