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Approved for 3rd Pen Fed card in less than 3 months!

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drochelle37
Established Member

Approved for 3rd Pen Fed card in less than 3 months!

Hooray, instantly approved for another Penfed card. Opened two cards with them (Gold and Platinum rewards on 8/11) with a EQ Fico score of 590. Proceeded with a balance transfer of all of my cards that had balances and interest between the two cards. Paid $100 automatically each week to interest free cards. Credit initially went down when high blanace transfer amounts showed up before statements closed and reported to zero. I received a creidt alert from EQ that it was back at 690 today so I took an extreme hail mary to app for another PenFed card to use as my personal daily driver and pay in full each month. Instant approval only 2 months in with them with nearly $8000 balance between the two balance transfer cards. Was approved for $5000 for the Visa - Power Cash Rewards Signature. Shocked!

Message 1 of 14
13 REPLIES 13
drochelle37
Established Member

Re: Approved for 3rd Pen Fed card in less than 3 months!

Also received CLI for several account last month:

Apple 9/5/22 Increased from $3500-$5000
Bass Pro 9/7/22 increased from $400 to $500
Victoria Secret 9/7/22 increased from $300 to by $1100 first time I asked for love
Care Credit 9/7/22 increased from $6000-$10,000
Harbor Freight 9/7/22 increased from $1000 to $2500
Kohls 9/7/22 Increased from $700-$1500

Message 2 of 14
SouthJamaica
Mega Contributor

Re: Approved for 3rd Pen Fed card in less than 3 months!


@drochelle37 wrote:

Hooray, instantly approved for another Penfed card. Opened two cards with them (Gold and Platinum rewards on 8/11) with a EQ Fico score of 590. Proceeded with a balance transfer of all of my cards that had balances and interest between the two cards. Paid $100 automatically each week to interest free cards. Credit initially went down when high blanace transfer amounts showed up before statements closed and reported to zero. I received a creidt alert from EQ that it was back at 690 today so I took an extreme hail mary to app for another PenFed card to use as my personal daily driver and pay in full each month. Instant approval only 2 months in with them with nearly $8000 balance between the two balance transfer cards. Was approved for $5000 for the Visa - Power Cash Rewards Signature. Shocked!


Congratulations on your approval.


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 3 of 14
babygirl1256
Senior Contributor

Re: Approved for 3rd Pen Fed card in less than 3 months!

Congrats on your PenFed approvals . . . that's awesome!!!

Starting FICO 8 Score in 06/2019: EQ-625, TU-649, EX-640
Current FICO 8 Score in 06/2021: EQ-796, TU-806, EX-812
Goal FICO 8 Score in 06/2022: EQ-825, TU-850, EX-850
Message 4 of 14
mrcraft
Valued Contributor

Re: Approved for 3rd Pen Fed card in less than 3 months!

Congratulations on your approvals!!



Message 5 of 14
coreyb80
Super Contributor

Re: Approved for 3rd Pen Fed card in less than 3 months!

Congrats on the approval!

Message 6 of 14
Conceptual23
Frequent Contributor

Re: Approved for 3rd Pen Fed card in less than 3 months!

Congrats on the approvals.

Starting FICO 8s | 06/2018: EX 601 ✦ EQ 605 ✦ TU 590
Current FICO 8s | 9/2022: EX 732 ✦ EQ 739✦ TU 743
2023 Goal Score: 760+





Business Cards:


Message 7 of 14
M_Smart007
Legendary Contributor

Re: Approved for 3rd Pen Fed card in less than 3 months!

Congrats! I think PenFed has (2) different UW'rs,

one that is generous and one that is stingySmiley Tongue

Message 8 of 14
cashorcharge
Community Leader
Super Contributor

Re: Approved for 3rd Pen Fed card in less than 3 months!

WooHoo!! Congratulations on your PenFed Approval!!👏🏼🍾🥂

Message 9 of 14
KingRue8500
Senior Contributor

Re: Approved for 3rd Pen Fed card in less than 3 months!

Congrats on your PenFed Power Cash Rewards approval




Message 10 of 14
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