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Pendfed limit

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juniornj23
Established Contributor

Pendfed limit

Does anyone know if pendfed keep the 50k limit to thier member?
I already have 50k on cash back card but I want the amex and a line of credit
Amex ED (2000) Amex BCE (2000) Amex macys (5000) Amex Gold , VENTURE (5000) MC PLATINUM (600) CAP QUICKSILVERONE (1250) CAP QUICKSILVER (4500) CAP QUICKSILVER (3500) PENFED AMEX (5000) PENFED CASH REWARDS (25,000) PENDFED REWARDS VISA SIGNATURE (20,000) UPROMISE (1000) NFL (4000) OVERSTOCK (2800) HSN (3200) DISCOVER IT(8500) AMAZON PRIME (10000) MARVEL(7000) BOF VISA(2000) BEST BUY VISA CITI (9000) BLISPAY (9000)Amex Magnet (10,000) Uber (3100)

WELCOME TO 100K CLUB . LAST APP 08/29/18 Credit Score 8 TU 720 EQ 705 EX 724

Starting Score: 640
Current Score: 720
Goal Score: 850


Take the myFICO Fitness Challenge

CARD I want .
Chase Freedom and US cash +

Now back to the garden until 2020
11 REPLIES 11
Physh1
Frequent Contributor

Re: Pendfed limit

Everything I have read says their cc max is $50k. If you want a 2nd card they'll reduce your current card to accomodate....unless you want to product change...can't remember off hand how they handle that though.

Message 2 of 12
FinStar
Moderator Emeritus

Re: Pendfed limit

$50K is the maximum unsecured cap for CCs OP.

PenFed does not do product changes, but can reallocate CLs between CCs.
Message 3 of 12
MrDFinance
Established Contributor

Re: Pendfed limit

I heard when you ask Penfed for a porduct change all they do is close your old account and open the new one you want to product change to...That kinda takes the point out of it....

Message 4 of 12
stonedog23
Frequent Contributor

Re: Pendfed limit

I don’t get it, isn’t that what a product change is?
NFCU GoRewards Sig ($40,000), NFCU Cash Rewards ($40,000), PenFed Power Cash ($25,000), FNBO Evergreen Visa ($20,000), Bread Financial Rewards Amex ($21,150), PNC Cash Rewards ($18,400), PNC Cashbuilder ($18,700) , One Key Mastercard ($14,000), Citi Double Cash ($11,600), US Bank Cash Plus($10,000), Discover It Cash ($9000), Capital One Quicksilver MC ($9000), TD Cash ($8000), Bank of America. Unlimited Cash Rewards ($7500), Fifth Third Unlimited Cash Back Mastercard ($7500), Wells Fargo Active Cash Sig($7000), Apple Card ($6000), Amex BCE($6000), Amex ED($6600), X1 Card ($5000), PNC Points ($8000), Amex Cash Magnet($2000), Fifth Third Truly Simple ($4000), Truist Spectrum Cash Rewards($4500), Truist Bright Card($4500), CapOne Quicksilver(Bucketed @$1500 manually lowered to $500), US Bank Cash+ ($1,000), WF mortgage 195K Fico 8: EQ 778, TU 765, EX 758 FICO 9:EQ 829, TU 812, EX 791, AAoA-97 months, AoOA-28 years
Message 5 of 12
juniornj23
Established Contributor

Re: Pendfed limit

Does navyfed has line of credit
Amex ED (2000) Amex BCE (2000) Amex macys (5000) Amex Gold , VENTURE (5000) MC PLATINUM (600) CAP QUICKSILVERONE (1250) CAP QUICKSILVER (4500) CAP QUICKSILVER (3500) PENFED AMEX (5000) PENFED CASH REWARDS (25,000) PENDFED REWARDS VISA SIGNATURE (20,000) UPROMISE (1000) NFL (4000) OVERSTOCK (2800) HSN (3200) DISCOVER IT(8500) AMAZON PRIME (10000) MARVEL(7000) BOF VISA(2000) BEST BUY VISA CITI (9000) BLISPAY (9000)Amex Magnet (10,000) Uber (3100)

WELCOME TO 100K CLUB . LAST APP 08/29/18 Credit Score 8 TU 720 EQ 705 EX 724

Starting Score: 640
Current Score: 720
Goal Score: 850


Take the myFICO Fitness Challenge

CARD I want .
Chase Freedom and US cash +

Now back to the garden until 2020
Message 6 of 12
MrDFinance
Established Contributor

Re: Pendfed limit

A typical product change keeps your old history of the previous account and just changes the type of card linked to it ..... Penfed closes the account entirely and opens a new account.....
Message 7 of 12
Physh1
Frequent Contributor

Re: Pendfed limit

Yes but no...with PenFed they will close your old account & start a new account....others, like cap1, simple change your card but not the account age.


@stonedog23 wrote:
I don’t get it, isn’t that what a product change is?

 

Message 8 of 12
MrDFinance
Established Contributor

Re: Pendfed limit

If your talking about a Checking line of credit yes they do...... It has a maximum limit of 15k.... ..
Message 9 of 12
MrDFinance
Established Contributor

Re: Pendfed limit

Navy Fed also has a credit card and I believe the highest limit card they have is 80k... I believe it's on thier Flagship Visa Signature card ... The only card they have with a annual fee
Message 10 of 12
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