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Pentagon Federal Credit Union Data Share

Bankrupt2019
Established Contributor

Re: Penfed Approvals Please Post Your Data For Others

Product approved: Power Cash Rewards

limit: $3500
EQ 08 Fico: 680
Penfed Nextgen:

Instant or Review?:Instant-Conditional 

POI? Yes, last 2 paystubs

AAOA: 5y4m
Derogs?: BK7 discharged 12/2019

Util: 24%

Total EQ Inquiries: 5

                Last 12 months: 5

                Last 6 months: 2
New Accounts in last 12 months: 6
                                 Last 6 months: 2









Message 5801 of 5,904
pip3man
Valued Contributor

Re: Pentagon Federal Credit Union Data Share

EQ 08 Fico: 654
Penfed Nextgen: Unknown

Instant or Review?: Instant

POI?(If yes, what type of proof of income) No

AAOA: 2YRS 2Months
Derogs?: (If you have a BK please list type and discharge date!): BK7 discharged July 2020

Util: 16%

Total EQ Inquiries: 10

                Last 12 months: 9

                Last 6 months: 9
New Accounts in last 12 months: 5
                                 Last 6 months: 5

 
 
 
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Starting Score: 490
Current Score: EQ 728 (681 as of 07/30/14) EX 721 TU 735 (669 as of 07/30/14)
Goal Score: 780

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Message 5802 of 5,904
oorhett
New Contributor

Re: Pentagon Federal Credit Union Data Share

DECLINED! This will be my 2nd try with PenFed.  Opened a Saving and Checking account with them Oct 26th Was declined for the PCR then, have had a small DD going into the Checking since then. App'd for the PCR, Instant Decline - Received the Declined email after the application spinner resulted in a 500 etc Error

EQ 08 Fico:655
Penfed Nextgen: Unknown

Instant or Review?: Instant

POI?(If yes, what type of proof of income) N/A

AAOA: 4 YRS 4 Months
Derogs?: (If you have a BK please list type and discharge date!): BK7 discharged Sep 2019

Util: 1%

Total EQ Inquiries: 6

                Last 12 months: 6

                Last 6 months: 3 all Penfed
New Accounts in last 12 months: 4
                                 Last 6 months: 3



BK 7 5/19 Discharged 09/19
Beginning Scores - EQ 579, TU 565
Current Scores(Vantage) - EQ 665, TU 651 / (Fico8/9) EX^8 672 TU^8 649 EQ^9 635
Mortgage (02/21) - EX 670 / TU 663 / EQ 658
Message 5803 of 5,904
DebtStinks
Established Contributor

Re: Pentagon Federal Credit Union Data Share

@oorhett 

 

This is just from my perspective. PenFed is more sensitive to new accounts opened in the last 12 months. You might give it another try once all accounts have been reported with payments for 12+ months.

 

Best of luck! 

PenFed Visa Signature $35000 (Opened 6/20) - NFCU More Rewards AMEX (Opened 1/19) $17000 - NFCU Platinum $15000 (Opened 1/21) - Capital One World Elite MC $11200 (Opened 11/17) - TTCU Platinum Visa $10000 (Opened 10/18) - Uber Visa $5000 (Opened 1/19) - Target Store Card $2000 (Opened 10/18) - Floor & Decor Store Card $36500 (Opened 10/18)
Total CL - $131700

CH7 BK Filed 8/1/17 Discharged 11/7/17

Scores as of 2/18/21:




Inquiries Last 12 Months:
Message 5804 of 5,904
samdubs1
Established Member

Re: Pentagon Federal Credit Union Data Share

Product approved: Power Cash Rewards

limit: $3500
EQ 08 Fico: 671
Penfed Nextgen:

Instant or Review?:Review

POI? No

AAOA: 4yrs 5 mos
Derogs?: CO 3 years ago, Late payment 1 yr 6 mos ago

Total EQ Inquiries: 10

                Last 12 months: 10

                Last 6 months: 6
New Accounts in last 12 months: 3
                                 Last 6 months: 3

Message 5805 of 5,904
coldfusion
Community Leader
Super Contributor

Re: Pentagon Federal Credit Union Data Share

Got BT checks in the mail from PF today usable against my PCR with 2 different offers to choose from, pick 1 or the other.  Promo is valid through 3/31/21.   

 

promo #1 - 0% APR 12 months 3% BT fee

promo #2 - 0.99% APR 18 months 3% BT fee 

 

but is also available at penfed.org/BalanceTransfer

 

The phrasing does state "available to a limited amount of PenFed cardholders" but no related context that states or infers how "limited" the offer is. 



(4/2021)
FICO 8 (EX) 815 (TU) 822 (EQ) 808
FICO 9 (EX) 827 (TU) 826 (EQ) 832

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 5806 of 5,904
credit8502020
Frequent Contributor

Re: Pentagon Federal Credit Union Data Share

Hi All! Are there any updated data points on ideally how long after opening an account someone should apply for a credit card with PenFed? 

 

Thanks! 

Message 5807 of 5,904
WavysMommy
Contributor

Re: Pentagon Federal Credit Union Data Share


@credit8502020 wrote:

Hi All! Are there any updated data points on ideally how long after opening an account someone should apply for a credit card with PenFed? 

 

Thanks! 


Probably not, because it's really YMMV.

 

In my case, I opened my checking/savings accounts 1 month before my BK7 was discharged. I had no plans to apply before 24 months post BK7 until I noticed DPs from others indicating they were loosening up with approvals. After a big approval with NFCU, I went and applied for the PCR card a few days afterward; 15 months post discharge and 16 months since account openings. I was approved for a SL of 6.5k.

 

I did not have the score everyone was saying was the benchmark approval score, and I didn't have any preaaprovals for either NFCU or Penfed. I had 5 account openings in the 12 months prior to approval, so credit seeking didn't impact me.

Message 5808 of 5,904
credit8502020
Frequent Contributor

Re: Pentagon Federal Credit Union Data Share


@WavysMommy wrote:

@credit8502020 wrote:

Hi All! Are there any updated data points on ideally how long after opening an account someone should apply for a credit card with PenFed? 

 

Thanks! 


Probably not, because it's really YMMV.

 

In my case, I opened my checking/savings accounts 1 month before my BK7 was discharged. I had no plans to apply before 24 months post BK7 until I noticed DPs from others indicating they were loosening up with approvals. After a big approval with NFCU, I went and applied for the PCR card a few days afterward; 15 months post discharge and 16 months since account openings. I was approved for a SL of 6.5k.

 

I did not have the score everyone was saying was the benchmark approval score, and I didn't have any preaaprovals for either NFCU or Penfed. I had 5 account openings in the 12 months prior to approval, so credit seeking didn't impact me.


@WavysMommy Thank you for your feedback.

Message 5809 of 5,904
kidink1911
Established Contributor

PenFed Credit Cards- Any Information?

I bite the bullet and opened a PenFed checking and savings account tonight- I know it would be easier to ger products if you have money in accounts in PenFed. I also know that credit unions tend to have valuable credit card and loan offers for members.

 

Any information about PenFed CC products and CC limits/rewards? All information welcome!

AMEX Platinum- NPSL // AMEX Gold- NPSL // AMEX Delta Platinum- $5,000 // Discover IT Chrome- $1,000 // Sunbit Visa- $1,000 // Capital One Venture- $3,550 // AMEX Blue Cash Preferred- $1,000 // Venmo Credit Card- $1,200 // Capital One Spark- $500 // NFCU nRewards- $250
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Goal Transunion Score: 775


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Message 5810 of 5,904
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