Why Is PenFed Tempting Me?

[baller4life]

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@Anonymous wrote:

I applied last night. Instant approval for $50k credit limit. 689 credit score with 21 inquiries. Yay...I can't believe it either. 

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[Anonymous]

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@baller4life wrote:

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@Anonymous wrote:

I applied last night. Instant approval for $50k credit limit. 689 credit score with 21 inquiries. Yay...I can't believe it either. 

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We are on a moving boat with our lines in the water.

[CreditUnionFan]

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@Anonymous wrote:
I don't think taking one product will make you any more marketable to more products like mortgages. You either qualify or you don't in most cases.

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Last year my DP was preapproved by a credit union after paying off a car loan for another new car loan. The CU didn't even perform a HP for the new car loan.

Ironically it could have been PenFed, but the paperwork for the lien didn't process properly so we moved the car loan to a different CU.

Opening a checking (share draft) account often provides a reason for the financial institution to pre-screen for preapproved offers. It's worked a few times, had a checking account and then received offers from the institution to open a new credit card, car loan, personal loan, etc.

[Anonymous]

I know that having a membership opens you up to prescreened offers but if you got the offer you still would have been approved without the offer

[CreditUnionFan]

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@Anonymous wrote:
I know that having a membership opens you up to prescreened offers but if you got the offer you still would have been approved without the offer

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I broke down and applied for the PenFed Visa. When I completed the application, approved for a whopping $39k,  there were preapprovals for new and refinance auto loans.

Previously I only had savings at PenFed, no checking account. Since PenFed uses the same credit inquiry and the CSR said they would simply use the existing reports on file, I went ahead and opened the Access America checking too.

[Anonymous]

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@CreditUnionFan wrote:

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@Anonymous wrote:
I know that having a membership opens you up to prescreened offers but if you got the offer you still would have been approved without the offer

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I broke down and applied for the PenFed Visa. When I completed the application, approved for a whopping $39k,  there were preapprovals for new and refinance auto loans.

Previously I only had savings at PenFed, no checking account. Since PenFed uses the same credit inquiry and the CSR said they would simply use the existing reports on file, I went ahead and opened the Access America checking too.

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pffff thats nothing. I was approved for an AMEX Iridium with a $250k limit last night. Credit game is crazy. Where is davis968

[RonM21]

Wow. I joined a few weeks ago. I think in the long run I'll be glad about that decision.

[mitchblue]

How does someone get a $259k limit. Amazing.

[baller4life]

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@Anonymous wrote:

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@CreditUnionFan wrote:

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@Anonymous wrote:
I know that having a membership opens you up to prescreened offers but if you got the offer you still would have been approved without the offer

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I broke down and applied for the PenFed Visa. When I completed the application, approved for a whopping $39k,  there were preapprovals for new and refinance auto loans.

Previously I only had savings at PenFed, no checking account. Since PenFed uses the same credit inquiry and the CSR said they would simply use the existing reports on file, I went ahead and opened the Access America checking too.

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pffff thats nothing. I was approved for an AMEX Iridium with a $250k limit last night. Credit game is crazy. Where is davis968

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😂😂😂

[baller4life]

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@CreditUnionFan wrote:

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@Anonymous wrote:
I know that having a membership opens you up to prescreened offers but if you got the offer you still would have been approved without the offer

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I broke down and applied for the PenFed Visa. When I completed the application, approved for a whopping $39k,  there were preapprovals for new and refinance auto loans.

Previously I only had savings at PenFed, no checking account. Since PenFed uses the same credit inquiry and the CSR said they would simply use the existing reports on file, I went ahead and opened the Access America checking too.

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Awesome!!!! Please add your stats to approval thread.😉