When is the right time to request CLI from PenFed and NFCU?

[ChessChik47]

HI OP, with PenFed I definetly recommend waiting for the SP offers.  It may take a while, but they are worth it when they come around.  I started off with a $5K PCR with them in August (?) 2017 and I'm at the max now ($50K) all with SP offers.  I wasn't putting a ton of spend on the card either, just several recurring monthly payments then I would PIF.  Work on getting your report clean and your score up and I've no doubt they'll come around.  

[AverageJoesCredit]

Not everybody will recieve sp offers let alone get credit upwards of 50k. Penfed is very select on who they give credit , imo.

[ChessChik47]

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@AverageJoesCredit wrote:
Not everybody will recieve sp offers let alone get credit upwards of 50k. Penfed is very select on who they give credit , imo.

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I don't disagree with your statement, @AverageJoesCredit.   I still think it's best to wait and let time do its thing and see if the SP offers come.  I can only offer advice based on my own experience with them and I try to give data points to go with it.  PenFed is a strange bird at times.

[AverageJoesCredit]

Lol @ChessChik47 i hear ya. Ive used up more hps on trying to get Penfed to give me ANYTHING , especially seeing as i had paid off my pl early and had a Promise card that i always paid on time ( eventually closed it for lack of growth).

Today i get home and they actu me lly sent me a huge envelope with an invitation to apply for the Power Cash. Lolwut! I just applied like last month to give them one last chance and was summarily rejected again. They must think im crazycuz no way in heck would they approve me. I have too much credit and too much debt. Somebody in their marketing department is playing TRICK or treat with me

[Anonymous]

For me I got my first penfed card around May and asked for an increase a month ago . So about 3 1/2- 4 months . Started at 12k and was approved for an increase to 20k. Than was approved for 2 new cards through them. So I think it just kinda depends, sometimes they open up wide soon and other times they close the door for a bit before they open up again . I would say a 10k sl is a good sign that they like something about your profile .

[Anonymous]

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@AverageJoesCredit wrote:
... Today i get home and they actu me lly sent me a huge envelope with an invitation to apply for the Power Cash ... They must think im crazy ...

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I look forward to the update