Re: Approved for PenFed PCR, will it grow?

CashBackQueen · ‎01-16-2021

Just became a PenFed member, got approved for a $5,000 Power Cash Rewards. Does this card grow? Or is it like NFCU where your 2nd card gets the bigger starting limit? PenFed stated my Equifax pull was a 705.

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TCL: $89,350 • If it ain't got rewards, I don't want it

Anonymous · ‎01-16-2021

@CashBackQueen wrote:
Just became a PenFed member, got approved for a $5,000 Power Cash Rewards. Does this card grow? Or is it like NFCU where your 2nd card gets the bigger starting limit? PenFed stated my Equifax pull was a 705.

Congrats for the approval. It will grow. My PCR started with $17,500 after 6 months it was increased to $25,000. My second approval with them was for $12,500.

AllZero · ‎01-16-2021

Congratulations on your approval!

Consumer initiated CLI request are EQ HP.

Depending on profile, if you are fortunate, PenFed periodically offer SP new cards or CLI.

mgood · ‎01-16-2021

I know you can ask for CLI after six months.

What the success rate might be and how big those increases might be, I have no idea.

Curious to see what others have to say about this.

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Anonymous · ‎01-16-2021

@AllZero wrote:
Congratulations on your approval!

Consumer initiated CLI request are EQ HP.

Depending on profile, if you are fortunate, PenFed periodically offer SP new cards or CLI.

I never got a HP for my request.

AllZero · ‎01-16-2021

@Anonymous wrote:
@AllZero wrote:
Congratulations on your approval!

Consumer initiated CLI request are EQ HP.

Depending on profile, if you are fortunate, PenFed periodically offer SP new cards or CLI.
I never got a HP for my request.

Nicely done. I do recall your original post. I think you dodged a bullet there.

Rebuild2019 · ‎01-16-2021

Congrats on your approval @CashBackQueen

Mad12345 · ‎01-16-2021

Congratulations

Elpadrino1 · ‎01-16-2021

Congratulations on your approval!!

CreditAggie · ‎01-16-2021

Congratulations on your PenFed approval!

Current Cards (in order of approval):

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Approved for PenFed PCR, will it grow?

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Approved for PenFed PCR, will it grow?