PenFed Power cash rewards card

[AllZero]

That's unfortunate. Well, you know what you need to do. Good luck in the future.

[Anonymous]

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@AllZero wrote:

That's unfortunate. Well, you know what you need to do. Good luck in the future.

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Yes. Suprisingly I'm not upset, I'm kind of just like blah. I just wanted to test the waters but in a few months I'm sure I'll be able to land that card and another card from NFCU.

[AllZero]

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@Anonymous wrote:

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@AllZero wrote:

That's unfortunate. Well, you know what you need to do. Good luck in the future.

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Yes. Suprisingly I'm not upset, I'm kind of just like blah. I just wanted to test the waters but in a few months I'm sure I'll be able to land that card and another card from NFCU.

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You have the good income and low DTI in your favor. You just need to dress up your credit report for PenFed.

I'm sure your next card with Navy will yield a 5 digit limit too.

[FinStar]

Hey, at least you got have a positive outlook on things OP. Sorry to hear they didn't approve the application.

Just work on any outstanding items and give it time. Eventually, you can try things again with PenFed when your profile is more optimal.

[difringe]

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@Anonymous wrote:

Here's what they said.

• Length of time accounts have been established (AAoA is 4 years 7 months)

• Serious delinquency (Burned USAA back on a CO in 2014)

• Number of accounts with delinquency (USAA CO, and was behind last year with Cap1 but haven't missed a payment in a year)

• Proportion of loan balances to loan amounts is too high (19k CO to NFCU but paid this off a few days ago still won't populate on my CR for a while.12k to USAA and 9.7k in student loans, but paid $5200 to student loans, I'm still a student so I dont have topay them off yet)

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In my experience, PenFed won't even consider you if you've missed a payment in the past 2yrs. Idk if anyone has had better luck with that.