No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Congrats on your another PenFed approval! They really love you!
Congrats!
@Anonymous wrote:
I thought I’d provide a data point. I was always under the impression PenFed would only allow 3 cards max. Did a little fishing (or what I call drunk apping) and I was shocked to get approved for the PenFed Gold with a $10,000 limit. I have an Amex Pathfinder at $5,000, Amex Travel Rewards at $10,000 and a Platinum rewards at $12,000. I also have a personal loan with them I was just approved for. PenFed is hot for my file I guess!
@Anonymous Congrats, that is awesome. They do love your profile for sure.
In the past 2 years, i've never heard of a limit on how many PF cards you can have, but i have heard many times that your overall exposure is limited to 50k with them.
Navy has a 3 card limit. They don't limit the exposure to 50k.
@gjean78 wrote:
congratulations on your approval and your success with pen fed. btw you mind share some of the data points such your credit score, utilization, your income to debt ratio, which Bureau they pull. since I'm a veteran i want to joind pen fed to see what they all about
I can tell you from my EXP PF is great for lower rates on loans usually, but they are a bit more conservative (cpmpared to Navy) unless you have a clean file or high income. I've had the same 3k limit for over a year now on a 2yr old card that started at 2.5k. I also have a large car loan and personal loan too, so that might be part of it.
@Anonymous wrote:
I thought I’d provide a data point. I was always under the impression PenFed would only allow 3 cards max. Did a little fishing (or what I call drunk apping) and I was shocked to get approved for the PenFed Gold with a $10,000 limit. I have an Amex Pathfinder at $5,000, Amex Travel Rewards at $10,000 and a Platinum rewards at $12,000. I also have a personal loan with them I was just approved for. PenFed is hot for my file I guess!
Congrats @Anonymous and welcome to My Fico forums!
That's a nice collection of PenFed cards! Enjoy!