PenFed is Judge Dred Again

[Anonymous]

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@zerofire wrote:

 It is the nice kind of geo-fencing.

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Unless you're outside the fence.   

[Anonymous]

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@Anonymous wrote:

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@zerofire wrote:

 It is the nice kind of geo-fencing.

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Unless you're outside the fence.   

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Exactly. I tried to see what I could do and NY isn't on the list. That was that.

[zerofire]

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@Anonymous wrote:

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@zerofire wrote:

 It is the nice kind of geo-fencing.

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Unless you're outside the fence.   

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If you want you can ask them to do it like the other lenders do geo-fencing. They let you put in the application, do the report pull generating a HP, and then decline for not being in area.

I also hate geo-fencing but I rather have this kind than the normal one. Also RI is not on the list either meaning I am SOL.

[Anonymous]

What attracted me was the possible SP for opening the account, as I'm inching up on HP's. If I'm gonna incurr a HP, I'd prefer opening a new account as to getting a decline for trivial reasons. 

All in all it was probably a blessing in disguise for me to wait for the card I'm trying to get, and let the 3 recent accounts age. 

[J-F168]

Sorry OP, in my humble opinion I belive that income was a denial factor. Try to recon, and hope she will get good travel card!

Unfortunately BB&T is not available in CA yet.

[Anonymous]

People tend to think that CUs are good for lower income people but that's rarely true unless it's a small local CU you work with. Other than NFCU, CUs have been very cautious with my $18K income. I went through a heck of a review with SSFCU to get the minimum $5K at the maximum 18% APR with their card and DCU was a bit of a chore too to just get $1K. PenFed shot me down in 2018 citing new accounts as the reason but I only had 3 new accounts in the last year at that point and I hadn't added any new accounts for 6 months either. I came here and started reading and it seems like a common theme that PenFed is a no go for low income. They'll approve $500-$1K once in awhile and never grow it. 

Better to stick with the big banks for premium travel card offerings. 

[Guyatthebeach]

Zerofire,

Sorry to hear about the decline, but I do have a suggestion. Call PenFed for a reconn. If they say no, ask if they can take some of the credit line from your other PenFed card to fund the Pathfinder.

The worst they can say is no. 

Guyatthebeach

[zerofire]

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@Guyatthebeach wrote:

Zerofire,

Sorry to hear about the decline, but I do have a suggestion. Call PenFed for a reconn. If they say no, ask if they can take some of the credit line from your other PenFed card to fund the Pathfinder.

The worst they can say is no. 

Guyatthebeach

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Go back and read who's card this is. The person applying has no PenFed credit lines.

[Traveler101]

I will add this into the mix, Their value on on the rewards is lousy. I am planning on donating all my points, bonus and heavy use to charity. They ask for donations to help military families. Im all for that. But how about a better valuation of points when giving all your rewards to help them.