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Why Is PenFed Tempting Me?

baller4life
Super Contributor

Re: Why Is PenFed Tempting Me?


@davis968 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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Message 21 of 32
MEKWT
Frequent Contributor

Re: Why Is PenFed Tempting Me?


@baller4life wrote:

@davis968 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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Smiley Very Happy We are on a moving boat with our lines in the water.

Staring Score: EQ 597 TU 617 EX 566 (01/22/2016)Current Score: EQ 667 TU 701 EX 744 (05/26/2016)
Message 22 of 32
CreditUnionFan
Valued Contributor

Re: Why Is PenFed Tempting Me?


@2011XTERROR 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.

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.

I was going to garden... Honest!
Message 23 of 32
2011XTERROR
Super Contributor

Re: Why Is PenFed Tempting Me?

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
i am on mobile so i don't see your desktop signatures
Message 24 of 32
CreditUnionFan
Valued Contributor

Re: Why Is PenFed Tempting Me?


@2011XTERROR 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

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.

I was going to garden... Honest!
Message 25 of 32
MEKWT
Frequent Contributor

Re: Why Is PenFed Tempting Me?


@CreditUnionFan wrote:

@2011XTERROR 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

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.


pffff thats nothing. I was approved for an AMEX Iridium with a $250k limit last night. Credit game is crazy. Where is davis968Smiley LOL

Staring Score: EQ 597 TU 617 EX 566 (01/22/2016)Current Score: EQ 667 TU 701 EX 744 (05/26/2016)
Message 26 of 32
RonM21
Valued Contributor

Re: Why Is PenFed Tempting Me?

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

Total CL: $314.7kUTL: 2%AAoA: 6.8yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | DISC-40.6k | PENFED-38.4k | AMEX-37k | LOWES-35k | ALLIANT-25k | BARCLAYS-15k | CITI-13.7k | CHASE-10k

Message 27 of 32
mitchblue
Valued Contributor

Re: Why Is PenFed Tempting Me?

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

Amex Green • Amex BCP • Amex HH (Aspire®) • Barclay Rewards • Chase World of Hyatt • Chase FU • Capital One Quicksilver • Discover it • PENFED Platinum Rewards • Marvel MC • Amazon Store • Kohls Store • CL $109,330 • Car Loan (PENFED) 1.99% PAID

FICO® 8 Scores 805-812 FICO® 9 Equifax 822
Message 28 of 32
baller4life
Super Contributor

Re: Why Is PenFed Tempting Me?


@MEKWT wrote:

@CreditUnionFan wrote:

@2011XTERROR 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

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.


pffff thats nothing. I was approved for an AMEX Iridium with a $250k limit last night. Credit game is crazy. Where is davis968Smiley LOL


😂😂😂

Message 29 of 32
baller4life
Super Contributor

Re: Why Is PenFed Tempting Me?


@CreditUnionFan wrote:

@2011XTERROR 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

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.


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

Message 30 of 32
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