Penfed CLI Rules

[Hut1]

I tried looking through other threads, but couldn't find what I was looking for. 

What's the CLI rules for PenFed? I know they could possibly do a quarterly SP offer, but if I request, it will be a HP. 

For example, AmEx rules are you can apply for a CLI anytime after 61 days. If you're denied, you can apply again in 90 days. If approved, you can apply again in 180 days. 

TIA! 

[M_Smart007]

@Hut1, I think the 6 month time frame would be good.

I don't know if there is a hard and fast rule to Penfed.

I was able to get a pretty decent one at around 5 months or so.

ETA: DP's prove that if you wait long enough, you can get a "SP" CLI.

Maybe @AverageJoesCredit knows?

edited for lack of sleep spelling.

[Hut1]

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@M_Smart007 wrote:

@Hut1, I think the 6 month time frame would be good.

I don't know if there is a hard and fast rule to Penfed.

I was able to get a pretty decent one at around 5 months or so.

ETA: DP's prove that if you wait long enough, you can get a "SP" CLI.

Maybe @AverageJoesCredit knows?

edited for lack of sleep spelling.

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I'll probably wait until at least 12/2021 to see if I get one, but I have a spreadsheet where I keep the details of all my cc's. I'm hoping PenFed won't bucket me like AmEx has. 

[M_Smart007]

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@Hut1 wrote:

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@M_Smart007 wrote:

@Hut1, I think the 6 month time frame would be good.

I don't know if there is a hard and fast rule to Penfed.

I was able to get a pretty decent one at around 5 months or so.

ETA: DP's prove that if you wait long enough, you can get a "SP" CLI.

Maybe @AverageJoesCredit knows?

edited for lack of sleep spelling.

---

I'll probably wait until at least 12/2021 to see if I get one, but I have a spreadsheet where I keep the details of all my cc's. I'm hoping PenFed won't bucket me like AmEx has. 

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Usually Penfed warms up to a person after a little time has gone by,

with on time payments and not too much credit seeking.

I did originally get "Too much available credit" .. but then they decided to have a

[AverageJoesCredit]

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@M_Smart007 wrote:

@Hut1, I think the 6 month time frame would be good.

I don't know if there is a hard and fast rule to Penfed.

I was able to get a pretty decent one at around 5 months or so.

ETA: DP's prove that if you wait long enough, you can get a "SP" CLI.

Maybe @AverageJoesCredit knows?

edited for lack of sleep spelling.

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Lol, im late to the PF happy train. For sure sp offers are when you get offers, or if you get offers. I believe most customer initiated requests will be hp. I think the stronger your profile/income  better your chances. Ill know how PF really feels once i try for their Gold card maybe in Jan/Feb

Paging @Loquat  and @FinStar 

[Loquat]

@AverageJoesCredit Is spot on.  PF likes to see a bit of history before granting a CLI. There are some one off occasions but they're rare.  And as AJC mentioned, customer request for increase are almost always a HP with them.  

ETC: HP rather than SP.  SPs are usually for pre-approved offers. 

[cashorcharge]

I've had my two accounts 3 and 4 months respectively.  The 'Request Credit Line Increase' button is showing up though I know that since it's a HP, I'm holding off at the moment.  I'm not sure if the presence of the option online has anything to do with timing/likelihood of approval or not. 

[FinStar]

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@Loquat wrote:

@AverageJoesCredit Is spot on.  PF likes to see a bit of history before granting a CLI. There are some one off occasions but they're rare.  And as AJC mentioned, customer request for increase are almost always a SP with them.  

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Concur.  I was under the impression that customer-initiated CLI requests were HP, @Loquat?. Unless something changed.  Some of the ones I received were SP, but that was whenever the quarterly pre-approved [CLI] offers were available.  

[FinStar]

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@AverageJoesCredit wrote:

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@M_Smart007 wrote:

@Hut1, I think the 6 month time frame would be good.

I don't know if there is a hard and fast rule to Penfed.

I was able to get a pretty decent one at around 5 months or so.

ETA: DP's prove that if you wait long enough, you can get a "SP" CLI.

Maybe @AverageJoesCredit knows?

edited for lack of sleep spelling.

---

Lol, im late to the PF happy train. For sure sp offers are when you get offers, or if you get offers. I believe most customer initiated requests will be hp. I think the stronger your profile/income  better your chances. Ill know how PF really feels once i try for their Gold card maybe in Jan/Feb

Paging @Loquat  and @FinStar 

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You'll definitely be a great GP @AverageJoesCredit 😁 for some good DPs.  Especially, during these economic times.  Unfortunately, I'm capped out since I reached the max a while ago 😬 so no more CLIs for me.

[Loquat]

@FinStar Sorry, you're right.  Customer request are almost always HP,  I was thinking one thing and typed another.  My mind was set on pre-approvals.  Thanks for correcting Fin!