Some Penfed help, please?

[nitrov]

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@Gmood1 wrote:
They probably want paycheck stubs. Too late to call now. PenFed is very easy to work with.

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Ok, awesome. I'll try calling back tomorrow. I'm still within the 90 days from my last app and it's the first time I've done this so I'm trying to be careful. I was surprised all they gave me was $5000 to $7500, so I'm really hoping they'll bump me into a 5-figure SL.

[Gmood1]

You'll get it. I apped for my first card with them and was given $14k surprisingly. I called to ask if I could move some of that limit to a different card two weeks later. Instead they just gave me the other card with a identical limit. Lol
Now I'm moving that limit back to the original card.They will allow you to distribute your limits to other cards without complications. I just called them this morning. Figured I'd take advantage of a fresh pull from an auto loan last week

[nitrov]

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@Gmood1 wrote:

You'll get it. I apped for my first card with them and was given $14k surprisingly. I called to ask if I could move some of that limit to a different card two weeks later. Instead they just gave me the other card with a identical limit. Lol
Now I'm moving that limit back to the original card.They will allow you to distribute your limits to other cards without complications. I just called them this morning. Figured I'd take advantage of a fresh pull from an auto loan last week

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Wow, that's pretty cool! I didn't know they did that. I would app for another card but don't want another new account on my credit...even though I am considering one of their PLOCs while I'm within my 90-day window. Decisions decisions lol. If only I knew there were decent odds they'd give me the $25k on the PLOC I'd do it, otherwise it's not really worth it for me. 

[Gmood1]

Funny you mentioned the PLOC. I started to ask for the Ploc and just move a portion of my limit and close other card. After talking to CSR I chickened out and told him just consolidate limts into one card making it my highest limit card at $28k.The max unsecured credit you can have with them is $50,000.

[nitrov]

Oh wow, well I'd still be happy to get $25k on a CC with them and then $25k on the ploc but unless they start giving me better CLIs I'm not sure that's happening anytime soon lol. I originally apped with them cuz I was shopping for an auto loan but ultimately got a better rate at DCU. I like that penfed almost always has 0% BT promos going on, but it'd be nice to have enough of a CL to actually take advantage of it. I guess I'll wait and see how this CLI goes with them and then maybe can app for the ploc in 30 days or so if all goes well.

[Gmood1]

I nearly apped with DCU, but decided I didn't want double pulls. The rate was only .25% apart. So I decided to stick with PenFed.

If you wanted a mega limit from the start. You should apply for membership with NASA FCU and then app for CC after membership approved. It's been a SP on EX for most folks. They gave me a $25k SL. Their promotional checks linked to the card are pretty cool! 

[nitrov]

Even new membership with NASA is an SP? I'm hoping NFCU will finally give me a CLI in June and I won't need to go elsewhere for a $25k+ CL.

DCU was like 1.5% lower for me than penfed, plus they'd do 72 months when penfed only wanted 60. It's funny cuz they still wouldn't give me a CC despite that they'd give me an auto loan lol but whatever. It's cool cuz now they also decrease my APR on the auto loan by 0.25% every 3 months I make payments on time, so I can pay my loan down faster. Works for me! I still want to refi it since my credit has gotten way better since I got the car but I don't really want another HP for it

[Gmood1]

Yes it was one SP for membership and CC with NASA. Some members here got both CC and PLOC ($50k total)with that one SP.

Wow.. yeah that's a big difference on the auto rate! I planned to use PenFed's car buying service which cuts the rate to 1.49. It just so happened the dealer that gave me the best deal wasn't a true car certified dealership.

The next best rate was 1.99% for 60 months. Which I accepted.

[nitrov]

Wow that's pretty tempting. I hate the idea of yet another obscure bank/CU lol but $50k might be worth it. I've gotten so much new credit in the last 30 days I know I really don't need anymore but such is life of a credit addict hahaha

[Gmood1]

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@nitrov wrote:
Wow that's pretty tempting. I hate the idea of yet another obscure bank/CU lol but $50k might be worth it. I've gotten so much new credit in the last 30 days I know I really don't need anymore but such is life of a credit addict hahaha

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LMAO..yeah I know how it is. I want to request a cli from NFCU as well. Though I'm afraid of a HP without the increase. Those obscure CU's pay off big time! lol I'll never let a major bank hold my funds again. I get way more return through some of those obscure CU's. And yeah..I didn't need anymore when I apped with NASA. Getting a nice no transfer fee card with a SP was more tempting than I could stand.