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Penfed Aggregate CL credit cards question?

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M_Smart007
Legendary Contributor

Penfed Aggregate CL credit cards question?

The only dumb question is the question not askedSmiley Tongue

 

Anyone know?

if it is a complete hard and fast concrete rule to have 50K max across 2 or more Penfed CC's?

 

Has anyone broken the 50K rule?

 

(can't wait to hear @AverageJoesCredit 's answerSmiley Very Happy)

 

Thank You!

Message 1 of 12
11 REPLIES 11
coldfusion
Community Leader
Mega Contributor

Re: Penfed Aggregate CL credit cards question?

Be the datapoint you want to be and take a crack at it 🙂

(2/2025)
FICO 8 (EX) 850 (TU) 850 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 2 of 12
AllZero
Mega Contributor

Re: Penfed Aggregate CL credit cards question?

IIRC, current policy is $50k max exposure.
Message 3 of 12
M_Smart007
Legendary Contributor

Re: Penfed Aggregate CL credit cards question?


@AllZero wrote:
IIRC, current policy is $50k max exposure.

@AllZero, What if I break all the rules and be an "outlier"? ..

Message 4 of 12
M_Smart007
Legendary Contributor

Re: Penfed Aggregate CL credit cards question?


@coldfusion wrote:

Be the datapoint you want to be and take a crack at it 🙂


@coldfusion, Thanks for your response, I might have that DP for you!

 

First let me toss the Gold Spade.

Message 5 of 12
AllZero
Mega Contributor

Re: Penfed Aggregate CL credit cards question?


@M_Smart007 wrote:

@AllZero wrote:
IIRC, current policy is $50k max exposure.

@AllZero, What if I break all the rules and be an "outlier"? ..


I think you have a good shot at being the outlier. 😉

Message 6 of 12
FinStar
Moderator Emeritus

Re: Penfed Aggregate CL credit cards question?

My understanding was this was driven by their UW internal policies, but I never tried beyond the $50K, save for PLOC which is what I figured separate.  

So, were you able to get anything higher? What about the restriction for single accounts that couldn't get above a certain threshold?

Message 7 of 12
coldfusion
Community Leader
Mega Contributor

Re: Penfed Aggregate CL credit cards question?


@AllZero wrote:

@M_Smart007 wrote:

@AllZero wrote:
IIRC, current policy is $50k max exposure.

@AllZero, What if I break all the rules and be an "outlier"? ..


I think you have a good shot at being the outlier. 😉


He won't know if he doesn't try.   Even Chase makes legit exceptions of their own doing to the 5/24 rule that aren't just loopholes that applicants exploit.

(2/2025)
FICO 8 (EX) 850 (TU) 850 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 8 of 12
M_Smart007
Legendary Contributor

Re: Penfed Aggregate CL credit cards question?


@AllZero wrote:

@M_Smart007 wrote:

@AllZero wrote:
IIRC, current policy is $50k max exposure.

@AllZero, What if I break all the rules and be an "outlier"? ..


I think you have a good shot at being the outlier. 😉


I think so tooSmiley Surprised

 

My PCR was at and still is at $49,500.00

I had an offer when I logged in, rolled the dice.

No HP .. as my # CB's are locked.

 

But since it is a new tradeline, gotta toss the Gold SpadeSmiley Sad .. (not so easy to get one, goes away pretty fast)

 

Penfed approval Platinum rewards 2.pngPenfed approval Platinum rewards 3.pngPenfed approval Platinum rewards.png

Message 9 of 12
M_Smart007
Legendary Contributor

Re: Penfed Aggregate CL credit cards question?

The only thing I can think of, I made a very large Inheritance deposit.

Message 10 of 12
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