Penfed power cash rewards denial - pre-approved mailer

[Anonymous]

Applied for this card due to a mailer offering 1.5% CB, BT, 16.99 apr. and $100 bonus

Denied! I only added my income not my spouse. (says i'm overextended)

Couple of new accounts from last year and two cards over 50% uti.

They wanted me to join the CU after the denial... closed the page and called it a day!

DP

inq 5

new accts 4

total uti 21%

Will this show as an HP?

[Jnbmom]

Yes this will result in a HP , you applied for the credit card.

I always use household income when it is allowed. Penfed is very sensitive to DTI very sensitive.

[Shooting-For-800]

Why would you not use your total available income especially if you have a higher debt % than your spouse?

[Anonymous]

it said "your income" on the app went over my head!!

[AllZero]

Try recon.

I would recommend becoming a member. Data points show that you may be successful with a future application once you're able to get your individual utilization down and age your membership. You all ready took a hard pull. Hopefully, they can re-use that hard pull for membership. Call in and speak with a csr.

[Anonymous]

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@Anonymous wrote:

Applied for this card due to a mailer offering 1.5% CB, BT, 16.99 apr. and $100 bonus

Denied! I only added my income not my spouse. (says i'm overextended)

Couple of new accounts from last year and two cards over 50% uti.

They wanted me to join the CU after the denial... closed the page and called it a day!

DP

inq 5

new accts 4

total uti 21%

Will this show as an HP?

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They sent you a mailer and you are not a member? I would have joined and then reconned, if I'm understanding you correctly. 

[Shooting-For-800]

You have to think like they do.

They look at your income and bills.

Whenever I can’t use household income, I cut the mortgage payment in half.

You can’t penalize me both ways.

Easy to explain if questioned.