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Penfed offers

Trinzero
Valued Member

Re: Penfed offers

So we know for sure these practices of targeted offers are no more?

What then are these "my offers" ? 🤔

It is confusing because it shows "you're approved for" and also "pre-qualified offers". 😵

These two phrases mean entirely different things, at least to me. 

 

 

Message 21 of 28
coldfusion
Community Leader
Mega Contributor

Re: Penfed offers


@Credit-hoarder wrote:

@CerebralZulu wrote:

 


@Credit-hoarder wrote:

I got the same 2 offers also. Was able to get the loan app to load but not the credit card. Would have been nice to finally get the last $3800 I need to make my Promise a $50k card. Smiley Wink


Is Penfed still allowing cards up to 50K? I read that was a thing of the past.


You can still only go up to $50k--but if it's a new card after the change took place a sometime back (can't remember exactly when)--it's $25k max per card up to 2 cards.


From memory it was about 30 months ago.  There was some confusion when they first instituted the $25K policy as for that particular quarter they gave out some offers that would have raised a CL to > $25K that they later denied when cardholders tried to accept.   They later backed off and let those offers be processed.

 

The $25K per card limit is still in effect although they are still grandfathering older cards with a > $25K limit.

(2/2023)
FICO 8 (EX) 833 (TU) 839 (EQ) 840
FICO 9 (EX) 843 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 22 of 28
mgood
Valued Contributor

Re: Penfed offers


@coldfusion wrote:

@Credit-hoarder wrote:

@CerebralZulu wrote:

 


@Credit-hoarder wrote:

I got the same 2 offers also. Was able to get the loan app to load but not the credit card. Would have been nice to finally get the last $3800 I need to make my Promise a $50k card. Smiley Wink


Is Penfed still allowing cards up to 50K? I read that was a thing of the past.


You can still only go up to $50k--but if it's a new card after the change took place a sometime back (can't remember exactly when)--it's $25k max per card up to 2 cards.


From memory it was about 30 months ago.  There was some confusion when they first instituted the $25K policy as for that particular quarter they gave out some offers that would have raised a CL to > $25K that they later denied when cardholders tried to accept.   They later backed off and let those offers be processed.

 

The $25K per card limit is still in effect although they are still grandfathering older cards with a > $25K limit.


Yes, I believe it's $25k max per card ($15k max on the Gold card), and $50k total across however many PenFed cards you have. So you could potentially have two $25k cards. I have a $17.5k PCR, $15k Platinum, and $6.5k Gold. That's $39k total. I could possibly get an $11k Pathfinder or $11k worth of CLIs on my existing cards. (I'll kick that Gold card to the curb if it becomes a limiting factor though.)

 

There are people with higher limits, as mentioned. They had them before the current rules were put in place.



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Message 23 of 28
CreditCuriosity
Moderator Emeritus

Re: Penfed offers


@coldfusion wrote:

@Credit-hoarder wrote:

@CerebralZulu wrote:

 


@Credit-hoarder wrote:

I got the same 2 offers also. Was able to get the loan app to load but not the credit card. Would have been nice to finally get the last $3800 I need to make my Promise a $50k card. Smiley Wink


Is Penfed still allowing cards up to 50K? I read that was a thing of the past.


You can still only go up to $50k--but if it's a new card after the change took place a sometime back (can't remember exactly when)--it's $25k max per card up to 2 cards.


From memory it was about 30 months ago.  There was some confusion when they first instituted the $25K policy as for that particular quarter they gave out some offers that would have raised a CL to > $25K that they later denied when cardholders tried to accept.   They later backed off and let those offers be processed.

 

The $25K per card limit is still in effect although they are still grandfathering older cards with a > $25K limit.


Correct I am grandfathered in..  Not sure if they fixed bug with > 25k CLI offer or not

NFCU Platinum 50k | NFCU More Rewards 30k | BofA Merrill+ 45k | BofA Premium Rewards 25k | Affinity FCU Cash Rewards 22.5K | CSP 40k | Chase Amazon Visa 20k | Chase Freedom Flex 5k | Chase IHG 1k | Chase Ritz 20k | AOD FCU 20k | FNBO Duck Unlimited 25k | PNC Cash Rewards 22.5k | Citi Premier 14k | Citi Custom Cash 31k | US Bank Alt Connect 20k | Union Bank Cash Rewards 15.5k | SECU 20k | Discover 20k | William Sonoma Visa 35k | Farm Bureau 18.5k | Synovus Cash Rewards 18.5k | Regions Cash 14k | TD Cash 6k | Penfed Cash Rewards 30k | Penfed Pathfinder 20k | 5/3rd Trio 10K | BMO Harris Cash 18.5k | Barclay's Red AA 22k | MFCU 20k | Amex Business Cash 30k | Amex Business Prime 20k | Amex Delta Business Platinum 10k | AMEX BBP 15k
Message 24 of 28
wingennis
Valued Contributor

Re: Penfed offers


@CerebralZulu wrote:

 


@Credit-hoarder wrote:

I got the same 2 offers also. Was able to get the loan app to load but not the credit card. Would have been nice to finally get the last $3800 I need to make my Promise a $50k card. Smiley Wink


Is Penfed still allowing cards up to 50K? I read that was a thing of the past.


They have a total limit of 50k unless you have grandfathered accounts IRC.

Message 25 of 28
coldfusion
Community Leader
Mega Contributor

Re: Penfed offers


@wingennis wrote:

@CerebralZulu wrote:

 


@Credit-hoarder wrote:

I got the same 2 offers also. Was able to get the loan app to load but not the credit card. Would have been nice to finally get the last $3800 I need to make my Promise a $50k card. Smiley Wink


Is Penfed still allowing cards up to 50K? I read that was a thing of the past.


They have a total limit of 50k unless you have grandfathered accounts IRC.


The grandfathering has nothing to do with the total limit across all cards, the ability to grow one's aggregate limit up to $50K if the profile warrants it hasn't changed.    It relates to us cardholders who already held a card or cards whose individual limit(s) exceeded their new cap (I have a $45K PCR) have been able to keep those limits but we can't grow them. I wouldn't mind closing my $5K Platinum but I couldn't transfer the limit or come back later and recapture it to end up with a $50K PCR.

 

 

(2/2023)
FICO 8 (EX) 833 (TU) 839 (EQ) 840
FICO 9 (EX) 843 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 26 of 28
Rogue46
Frequent Contributor

Re: Penfed offers

I've been with Penfed since 2017 and the only offer I ever get is the quickloan for $2k





Message 27 of 28
Traveler101
Established Contributor

Re: Penfed offers

@coldfusion wrote:
@wingennis wrote:
@CerebralZulu wrote:
@Credit-hoarder wrote:
I got the same 2 offers also. Was able to get the loan app to load but not the credit card. Would have been nice to finally get the last $3800 I need to make my Promise a $50k card. Smiley Wink
Is Penfed still allowing cards up to 50K? I read that was a thing of the past.
They have a total limit of 50k unless you have grandfathered accounts IRC.
The grandfathering has nothing to do with the total limit across all cards, the ability to grow one's aggregate limit up to $50K if the profile warrants it hasn't changed. It relates to us cardholders who already held a card or cards whose individual limit(s) exceeded their new cap (I have a $45K PCR) have been able to keep those limits but we can't grow them. I wouldn't mind closing my $5K Platinum but I couldn't transfer the limit or come back later and recapture it to end up with a $50K PCR.
Tis true per a customer service rep. Limits are based on an individuals profile. I exceeded the 25k..maybe a year to a year and half ago. But ineligible for a cli above the 32600 I currently sit at. I tried lol.
Message 28 of 28
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