Decided to do a double jump today and it ended up working out!
Requested an Apple CLI jumped from 5K to 8K
Finally applied for a Penfed PCR and got 20K SL with 16.99 APR.
DP for Apple
Opened card 97 days ago with 5K limit. Put heavy use on it each month, approx 60%-80% limit. Paid down multiple times a months.
Cards listed in Sig, util <3% of TCL. 2-3 Inq on CRAs.
Been with Penfed for 2 years. Approved for Personal Loan for 20K in September.
Congratulations on your CLI and approval!
@Anonymous wrote:@Openwater Very nice. Good job. Congratulation. Is this your first card with Penfed? Any POI asked for this card? Do you plan on getting their Gold card in the future? How much income was reported to them to get this SL? Somebody over here told me that the maximum limit one can get with them is $25k...now I do not know if its on one card or combined limit on their all cards...And I read on another forum that someone got $29k on one card with Penfed but didn't provide enough data-points to analyze the situation like score, age, SL or upon approval of CLI...if after heavy spend or what kind of relationship the person had with this lender prior to getting this much limit in order for this lender to make an exception for the person especially when this is reported here that this lender doesn't go over $25k..so data-points missing...can u elaborate a bit on it? Tnx
Yes this is my first card with them. I opened an account (savings) with them like 2 years ago, kept very little in in. 4 months ago applied for a loan with them and they approved me for 20K. I applied for the PCR today and got the same amount 20K. From what I've read on this forum the cap has been 25K/card. Recently some people have gotten more, but its there have been issues with it showing on their accounts or something like that.
Congrats on your double play 
