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Alright, that's it for a few months - Accepted PenFed offer, instant approval for PR @ $12.5K

spiritcraft1
Valued Contributor

Alright, that's it for a few months - Accepted PenFed offer, instant approval for PR @ $12.5K

After nothing new in a year and four months, I gave in and decided to "accept" the first "offer" I have had for a real CC.  PenFed sent this via snail mail and also placed it in my offers within online banking in March.  Having no new accounts reporting, and before I became an Egyptian, I decided to go for it.

 

DP's

Instant

SL $12,500 @ 17.99%  (who cares, I pay in full)

729 EQ 09  HP on EQ

1 INQ in the last year, 2 overall

One major derog, a $10.7k unpaid CO nearly 7 years old (written off, paid the taxes 2 years ago)

DTI <7%

No POI, No Identity Verification

Member for 14 years, only savings and checking (This likely helped)

Income = $157k

Signed, Sealed but not yet delivered.

That's it for awhile...  what a day.  I more than doubled my total CL's today.

 

Screenshot_2021-05-01-Application-Approved-PenFd-PR.jpg

 


| Biz | AU

Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = High 300's - Low 400's
8-1-18 -
12-24-18 -
Current F08 -
Current 2,4,5 -
Current F09 -

Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k - All No PG || PG Accounts: AMEX Biz Gold NPSL | AMEX Biz Plat NPSL | AMEX Blue Cash and Plus Cards
Message 1 of 24
23 REPLIES 23
AllZero
Super Contributor

Re: Alright, that's it for a few months - Accepted PenFed offer, instant approval for PR @ $12.5K

Congratulations on your approval!

Message 2 of 24
CreditMagic7
Super Contributor

Re: Alright, that's it for a few months - Accepted PenFed offer, instant approval for PR @ $12.5K

Awesome! Congratulations on your PenFed Card approval! Cool SL!

Message 3 of 24
AverageJoesCredit
Mega Contributor

Re: Alright, that's it for a few months - Accepted PenFed offer, instant approval for PR @ $12.5K


@spiritcraft1 wrote:

After nothing new in a year and four months, I gave in and decided to "accept" the first "offer" I have had for a real CC.  PenFed sent this via snail mail and also placed it in my offers within online banking in March.  Having no new accounts reporting, and before I became an Egyptian, I decided to go for it.

 

DP's

Instant

SL $12,500 @ 17.99%  (who cares, I pay in full)

729 EQ 09 (no HP reported as yet, will edit if there was)

1 INQ in the last year, 2 overall

One major derog, a $10.7k unpaid CO nearly 7 years old (written off, paid the taxes 2 years ago)

DTI <7%

No POI, No Identity Verification

Member for 14 years, only savings and checking

Income = $157k

Signed, Sealed but not yet delivered.

That's it for awhile...  what a day.  I more than doubled my total CL's today.

 

Screenshot_2021-05-01-Application-Approved-PenFd-PR.jpg

 


Nice job . I think Penfed needs to be schooled on apr. They are horrible in giving most people, even with excellent credit atheir highest rate. Its very rare ive even read a low apr. Sure a pif person doesnt care but imagine get their low rate card and being hit with 16 or 17.99 apr. Not cool. Ah well, an approval is an approval even if it is Penfed😁

Message 4 of 24
M_Smart007
Epic Contributor

Re: Alright, that's it for a few months - Accepted PenFed offer, instant approval for PR @ $12.5K

Congratulations on your Platinum Rewards approval!

Message 5 of 24
CreditAggie
Senior Contributor

Re: Alright, that's it for a few months - Accepted PenFed offer, instant approval for PR @ $12.5K

Congratulations on your PenFed approval!

Current Cards (in order of approval):


Current FICO 8 | 9:

Credit Age:

Inquiries (24 month):

Banks & CUs:

Goal Cards:



Currently: 2/6, 2/12, 5/24
Message 6 of 24
spiritcraft1
Valued Contributor

Re: Alright, that's it for a few months - Accepted PenFed offer, instant approval for PR @ $12.5K


@AverageJoesCredit wrote:

@spiritcraft1 wrote:

After nothing new in a year and four months, I gave in and decided to "accept" the first "offer" I have had for a real CC.  PenFed sent this via snail mail and also placed it in my offers within online banking in March.  Having no new accounts reporting, and before I became an Egyptian, I decided to go for it.

 

DP's

Instant

SL $12,500 @ 17.99%  (who cares, I pay in full)

729 EQ 09 (no HP reported as yet, will edit if there was)

1 INQ in the last year, 2 overall

One major derog, a $10.7k unpaid CO nearly 7 years old (written off, paid the taxes 2 years ago)

DTI <7%

No POI, No Identity Verification

Member for 14 years, only savings and checking

Income = $157k

Signed, Sealed but not yet delivered.

That's it for awhile...  what a day.  I more than doubled my total CL's today.

 

Screenshot_2021-05-01-Application-Approved-PenFd-PR.jpg

 


Nice job . I think Penfed needs to be schooled on apr. They are horrible in giving most people, even with excellent credit atheir highest rate. Its very rare ive even read a low apr. Sure a pif person doesnt care but imagine get their low rate card and being hit with 16 or 17.99 apr. Not cool. Ah well, an approval is an approval even if it is Penfed😁


I agree, it could be very damaging. Especially mind boggling is that the prime rate is at historic low levels and interest rates on some CC's is still crazy high.


| Biz | AU

Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = High 300's - Low 400's
8-1-18 -
12-24-18 -
Current F08 -
Current 2,4,5 -
Current F09 -

Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k - All No PG || PG Accounts: AMEX Biz Gold NPSL | AMEX Biz Plat NPSL | AMEX Blue Cash and Plus Cards
Message 7 of 24
spiritcraft1
Valued Contributor

Re: Alright, that's it for a few months - Accepted PenFed offer, instant approval for PR @ $12.5K

I have never in my life had a sussesful actual "spree". Luckily I have mostly unshakable lenders and am not chasing Chase.  I will have 4 new accounts hitting my reports at once.  Ah well, by fall I should be golden.


| Biz | AU

Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = High 300's - Low 400's
8-1-18 -
12-24-18 -
Current F08 -
Current 2,4,5 -
Current F09 -

Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k - All No PG || PG Accounts: AMEX Biz Gold NPSL | AMEX Biz Plat NPSL | AMEX Blue Cash and Plus Cards
Message 8 of 24
gdale6
Moderator

Re: Alright, that's it for a few months - Accepted PenFed offer, instant approval for PR @ $12.5K

You have run the CUs today, grats on this approval as well Smiley Happy

Message 9 of 24
Mr_Mojo_Risin
Senior Contributor

Re: Alright, that's it for a few months - Accepted PenFed offer, instant approval for PR @ $12.5K

Man, that's a sweet approval you scored there. Congrats on a successful day!

NFCU More Rewards 28K CL
AODFCU Visa Signature 5K CL
Citi Custom Cash 4.5K
NFCU Cash Rewards 8K
Discover IT 2K
Cap 1 600
NFCU auto loan
Message 10 of 24
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