Penfed application pending

[Anonymous]

Hi everyone,

I just applied for a PenFed cash Cc and I received a notice that my application is pending and I have to upload documents. Proof of address, picture ID, and SS card. I just uploaded everything but I'm guessing they're closed because it's the weekend. What do you think my approval odds are? 

Inquiries 12 months: 5

New accounts 12 months: 5

Eq Fico: 725

Util: 2%
AAOA: 1yr2mo

Any info would be appreciated! Fingers crossed......

Thanks

[4sallypat]

Do you have a PenFed savings/checking/card account currently ?

Did you receive an email or marketing mail ?

[Anonymous]

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@4sallypat wrote:

Do you have a PenFed savings/checking/card account currently ?

Did you receive an email or marketing mail ?

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I only have a shared savings for almost a year. No mailers. 

[Mr_Mojo_Risin]

Does Penfed still ask for all of the ID  verification even though you've been a member for awhile? 

[Horseshoez]

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@Mr_Mojo_Risin wrote:

Does Penfed still ask for all of the ID  verification even though you've been a member for awhile? 

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They didn't ask me when I applied on Thursday; I've been a member since September 2020.

[M_Smart007]

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@Mr_Mojo_Risin wrote:

Does Penfed still ask for all of the ID  verification even though you've been a member for awhile? 

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@Mr_Mojo_Risin, I did not,  on my recent Platinum Rewards Visa Siggy approval.

[Mr_Mojo_Risin]

@M_Smart007 

@Horseshoez 

I guess that's why we always have to keep "YEMV" "YMMV" in the back of our minds! Lol

[Anonymous]

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@Mr_Mojo_Risin wrote:

@M_Smart007 

@Horseshoez 

I guess that's why we always have to keep "YEMV" "YMMV" in the back of our minds! Lol

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Maybe because I moved 6 months ago. Sorry I should've mentioned that. 

[Mr_Mojo_Risin]

@Anonymous 

It always depends on individual profile, but from reading others experiences with Penfed I think you have good chance of approval. 

Good luck and let us know how it turns out!

[Horseshoez]

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@Mr_Mojo_Risin wrote:

@Anonymous 

It always depends on individual profile, but from reading others experiences with Penfed I think you have good chance of approval. 

Good luck and let us know how it turns out!

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Agreed, there are lots of recent posts of PenFed approving folks with lower scores than would have met their underwriting critera just a few months ago.  I'm not sure if they've made any overt changes to their rules, but I was just approved for a card which most sites indicate you need a 750 to qualify for and I'm in the 690-703 range.