*UPDATE!!!* Approved - Low SIL: -Urgent PENFED advice needed

[randomguy1]

I have seen a bunch of marketing for their Power Cash rewards. I receive letters all the time and an email today. They are certainly marketing their card which leads me to believe they are open to applications...

To back what others are saying, there is not a hard pull to open a Penfed Checking\Shares account anymore.

OP, your EQ score looks high. If confident in the rest of your profile, go for it. Be the data point you want to be.

[WhiteCollar]

My EQ score was 705 when I was approved about a month ago if that helps.

[Anonymous]

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@Anonymous wrote:

... I'd appreciate suggestions! 

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Do it. Now. 

[SecretAzure]

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@randomguy1 wrote:

I have seen a bunch of marketing for their Power Cash rewards. I receive letters all the time and an email today. They are certainly marketing their card which leads me to believe they are open to applications...

To back what others are saying, there is not a hard pull to open a Penfed Checking\Shares account anymore.

OP, your EQ score looks high. If confident in the rest of your profile, go for it. Be the data point you want to be.

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Yeah I've only gotten 1 (maybe 1 long ago, can't remember) credit card offer from PenFed and I got one for this card last week. I was kind of shocked and didn't know I existed. Didn't seem worth it since I have Chase FU already. I'm enjoying the garden for now...no card has piqued my interest enough to leave since Marvel.

[Vegasr]

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@Mnk1 wrote:

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@Vegasr wrote:

Yep its a SP to be member opening up a savings.  With Penfed being in a giving mood lately along with your very nice EQ score this could be a really good time to apply for one of their cards. Seems like their Power Cash Rewards is a great choice.  Good luck.

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So getting a pre-approval letter from Penfed in the mail without a previous relationship is pretty solidy?

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Definitely would depend on one's data points.  If the pre-approval has a specific interest rate versus a range it's even a better sign. It's not uncommon to sign up with Penfed, or any credit union, and apply for a cc the same day. Thus a relationship begins. 

[Anonymous]

😱😱😱

Guys I'm so embarrassed. 

So I almost did it and then I chickened out and went to hide under my bed!...but couldn't fit. Lol

 I'm a PENFED member now... got a savings account and even discussed credit products but when the lady said I needed to send some identity verification documents, I got scared. Lol...I've got no backbone. 

Sent the docs. 

I'll do it...I'll do it...I'll do it. I just need to find some balls. 

I'll do it! Ahhhhhhh! I guess once they verify my docs and stuff I'll just call in and App. 

Oh. And no HP so far. 

[Anonymous]

@Vegasr

Yeah, I'm totally thinking the Power Cash Rewards is the way to go too. That's the one.  

[Anonymous]

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@Mnk1 wrote:

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@Vegasr wrote:

Yep its a SP to be member opening up a savings.  With Penfed being in a giving mood lately along with your very nice EQ score this could be a really good time to apply for one of their cards. Seems like their Power Cash Rewards is a great choice.  Good luck.

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So getting a pre-approval letter from Penfed in the mail without a previous relationship is pretty solidy?

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I read somewhere on here that a few people app'd off the mailers and got in with out a relationship. So I guess it works. I just don't know how rare that is. 

[Anonymous]

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@randomguy1 wrote:

I have seen a bunch of marketing for their Power Cash rewards. I receive letters all the time and an email today. They are certainly marketing their card which leads me to believe they are open to applications...

To back what others are saying, there is not a hard pull to open a Penfed Checking\Shares account anymore.

OP, your EQ score looks high. If confident in the rest of your profile, go for it. Be the data point you want to be.

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"Be the data point you want to be" ...I might have to borrow this for my signature! 

The wisdom! 😊.

[Anonymous]

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@WhiteCollar wrote:

My EQ score was 705 when I was approved about a month ago if that helps.

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Oh! This does help actually! And congrats on your Approval!