Approved for Penfed promise but...help

[Anonymous]

I applied on Sat and got a message that it was under review. Sunday I got a congratulations email. In the email it had my credit limit at $35,500 and interest rate listed. When I clicked to accept and finalize the limit had drastically dropped to $500. The person I spoke to said that is the max cl they could give me and that email didnt mean that was my actual credit line but the max that card offered. My cousin has the same card with a 40k limit. Anyone have experience with this?

[Meanmchine]

Talk about a major league let down.

Sorry and congrats

[Anonymous]

Right! I'm happy to be approved. Wasn't expecting that type of cl but Im blown away that they would even send that. I'm less than a year out of bankruptcy.

[pizza1]

Congrats, but it sounds like someone made a typing error or something. No-one 1 yr post BK gets a a Cl like that from PF. Id be more inclined to say $500 is your true CL. congrats open getting in!

[Anonymous]

Congrats on approval

[Anonymous]

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@Anonymous wrote:
I applied on Sat and got a message that it was under review. Sunday I got a congratulations email. In the email it had my credit limit at $35,500 and interest rate listed. When I clicked to accept and finalize the limit had drastically dropped to $500. The person I spoke to said that is the max cl they could give me and that email didnt mean that was my actual credit line but the max that card offered. My cousin has the same card with a 40k limit. Anyone have experience with this?

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Congrats on your new PenFed Promise card!

I have to admit: your explanation for your $500 SL

is the most bizarre I've read in a while. Telling you that

$35,500 is the max credit limit but only giving you $500

is Pen Fed covering their butts but not having the common

decency to tell you they made a mistake. Very unusual for

Pen Fed, as they are normally very straight shooters and they

own up to their mistakes. Congrats again, and please keep us

posted on your progress!

[Anonymous]

You have any data points, I tried with PenFed and they told me no unsecured products until at least 2 years out of bankruptcy discharge.  

[Anonymous]

congrats on the approval. It seems odd that they would offer you $35.5K in the congratulation email and then drop it to $500. Maybe, try talking to a different CSR and see if anything can be done to increase the limit.

[AverageJoesCredit]

Congrats Penfed often makes mistakes but dont step up to correct them. Ime and o

[Anonymous]

659 Fico 9 score
I've had a credit one cc for about 6 months 300 limit, a wayfair card $1000 limit but never used, and a Fed Student loan.
Salary in min 100's