Finally a PenFed Large Approval... - myFICO® Forums - 5879938

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PenFed turned me down twice a year ago for a car loan. I sat with their little $500 overdraft line since then. I applied 20 minutes ago for the Power Cash Rewards Visa and BOOM an instant approval for $17,500. I wonder if I should ask them to increase on my overdraft line on this HP? Or apply for another card?

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26 REPLIES 26

Congrats on your approval.

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Congrats 💳🎈💯 @BackInAction on your Approval

CARDS: Discover It | Kohl’s | Truist Spectrum Cash Rewards | Truist Bright | CITI Custom Cash | Chase Freedom Flex | Chase Amazon Prime Visa | VACU Cash Rewards Mastercard | Sam’s Club Mastercard | PenFed Gold Visa | NFCU CashRewards Plus | NFCU More Rewards | NFCU Platinum Visa | AMEX BCE | Verizon Visa | Wells Fargo Active Cash | Amazon Prime | AAA Daily Advantage | US Bank Cash+ | Wells Fargo Reflect | Citi Costco Visa | One Pay Cash Rewards | BofA Customized Cash Rewards Visa Signature | Wells Fargo Personal Loan | NFCU Auto Loan
>Starting Scores 05/2019: EQ:519, EX:525, TU:574

CLOSED : Capital One Quicksilver One | OpenSky |

BUSINESS CARDS: Amazon Business Prime AMEX

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CONGRATS @BackInAction on your PenFed Power Cash Rewards approval!

Do you have any Data Points to share?

AMEX BCP $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $15.2K | Citi Rewards WMC $15.5K | Citi Costco VS $12K
Citi Custom Cash WEMC $7.8K | Synchrony (PayPal Credit $6K, Care Credit $15K, & PayPal 2% MC $10K, VENMO VS $6.5K)
PNC Cash Rewards VS $10.5K | NFCU cashRewards VS $14K | NFCU More Rewards AMEX $37.5K | NFCU Flagship Rewards VS $23K
Discover IT $22.5K | BB&T Cash Rewards $4.5K | Macy's AMEX $25K | Bloomingdales AMEX $20K | Apple Card WEMC $9K
PenFed Power Cash Rewards VS $7.5K

Total CL - $284K+

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Congratulations ! PenFed is handing out the candy lately !!

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@Marz2002 wrote:
... Do you have any Data Points to share?

Yes please. I'm also curious what's changed since last year's denials.

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Equifax 694 TU 632 Experian 684

Income $400k

35% usage

Late stages of credit recovery.

$30,000 line from Savor.

This $17,500 line is now my second largest.

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Congrats

400k will usually do it

Penfed only gives me pop rocks, to be polite😂

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@Anonymous wrote:
Equifax 694 TU 632 Experian 684
Income $400k
35% usage
Late stages of credit recovery.
$30,000 line from Savor.
This $17,500 line is now my second largest.

thanks for the DPs! Did PenFed request a POI?

AMEX BCP $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $15.2K | Citi Rewards WMC $15.5K | Citi Costco VS $12K
Citi Custom Cash WEMC $7.8K | Synchrony (PayPal Credit $6K, Care Credit $15K, & PayPal 2% MC $10K, VENMO VS $6.5K)
PNC Cash Rewards VS $10.5K | NFCU cashRewards VS $14K | NFCU More Rewards AMEX $37.5K | NFCU Flagship Rewards VS $23K
Discover IT $22.5K | BB&T Cash Rewards $4.5K | Macy's AMEX $25K | Bloomingdales AMEX $20K | Apple Card WEMC $9K
PenFed Power Cash Rewards VS $7.5K

Total CL - $284K+

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Congrats. Pull should be good for multiple uses. You can call and ask. Get yourself some use out of it. Maybe another card as well? Good luck. Let us know how you make out. They have been generous lately.

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