I wanted to get a credit card with Penfed. I have a checking account with them and over draft limit of $5,000. I filed for Chapter 7 back in May 2017. Do I have a chance of getting approved?
Length of Credit History 10 Years, 2 Months
Average Account Age. 4 Years, 11 Months
Most recent account.... Opened on 09/15/2019
As a disclaimer, I have no relationship with PenFed. So my opinion is merely that-- opinion lol. I would THINK that if your prior relationship with PenFed has been good, you would be able to get approved. CUs tend to reward loyalty. However, I don't know any other details about your credit situation, so of course I can't say for sure.
@AverageJoesCredit has experience with PenFed
Good luck if you do apply!
How long have you had your account with them?!
Penfed is my best creditor. I have 2 cards with them, both have $17,500 CL. One power visa started with $10,000 at 3 months they bumped to $17,500 as well as approved me for the amex pathfinfer for $17,500. I say go for it.
I was very much with the same profile you have except had and auto loan and only a savings account and was approved, i did have to prove income and had to recon. The CSR's are some of the best to work with. Best of luck if you decide to app.
Speaking from my experience ( i was discharged 07/2018 ) you have a good chance if your income can support it. I have 2 cards with them, cash reward $15000 and 2 months later I applied for PenFed rewards approved for $ 10000 but they asked for POI before the application is booked. Best of luck if you decide to apply.
@Aptiger since you have $5000 Over draft credit I'm sure you would definitely be approved. I say go for it and Good Luck!
Good luck if you decide to apply