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Holy Smokes Penfed!! Should I apply for another with he same HP?

Spock2017
New Contributor

Re: Holy Smokes Penfed!! Should I apply for another with he same HP?

Late last night I was notified PENFED wanted last two pay stubs. Uploaded them and app still pending. Stay tuned.
Cap 1 Venture (14k) ~ Fifth Third Truly Simple (12k) ~ Fifth Third Simple #2 (10k) ~ Fifth Third Trio (10k) ~ AMEX ED (10k) ~ Huntington Voice 3x Reward (10k) ~ Huntington Voice APR (10k) ~ Discover IT (7.5k) ~ PENFED Power Cash (10k) ~ PENFED Platinum Reward (10k) ~ Gardner White Comenity (6.8k) ~ Chase Freedom (6k) ~ Wells Fargo Plat (5k) ~ Amazon (5k) ~ Sams Club (5k) ~ Alliant (5k) ~ Kohls (3k) ~ Marvel (3k) ~ DICKS (2.2k) ~ Flagstar (2k) ~Cap 1 Plat (1.6k) ~ CITI Simpl (1k) ~ AMEX BCE (1k) ~~ TCL $157,000
F8 EX 600 (3/17)
F8: EQ 745, TU 754, EX 741 (8/17)
~~ UTIL 2% INQ 8 (12 mo)
Message 11 of 22
K-in-Boston
Moderator

Re: Holy Smokes Penfed!! Should I apply for another with he same HP?


@Spock2017 wrote:
Late last night I was notified PENFED wanted last two pay stubs. Uploaded them and app still pending. Stay tuned.

As long as the stubs are in the ballpark, congrats!  Smiley Wink

Message 12 of 22
Spock2017
New Contributor

Re: Holy Smokes Penfed!! Should I apply for another with he same HP?

TURNED DOWN 08/29/2017


PROPORTION OF BAL-TO-LIMIT TOO HIGH
TOO MANY INQUIRIES LAST 12 MONTHS
LEN OF TIME REV ACCTS ESTABLISHED

 

Bal-to-Limit is pretty silly.  My util is showing at 4% on CR, but I have one card that I paid off $1700 on a $2000 balance.  I paid that off over 2 months ago, but the stupid card has not reported the zero balance.

 

Other two are pretty accurate.  I've added 11 new CC in last 3 months.

 

Should I bother calling RECON?

Cap 1 Venture (14k) ~ Fifth Third Truly Simple (12k) ~ Fifth Third Simple #2 (10k) ~ Fifth Third Trio (10k) ~ AMEX ED (10k) ~ Huntington Voice 3x Reward (10k) ~ Huntington Voice APR (10k) ~ Discover IT (7.5k) ~ PENFED Power Cash (10k) ~ PENFED Platinum Reward (10k) ~ Gardner White Comenity (6.8k) ~ Chase Freedom (6k) ~ Wells Fargo Plat (5k) ~ Amazon (5k) ~ Sams Club (5k) ~ Alliant (5k) ~ Kohls (3k) ~ Marvel (3k) ~ DICKS (2.2k) ~ Flagstar (2k) ~Cap 1 Plat (1.6k) ~ CITI Simpl (1k) ~ AMEX BCE (1k) ~~ TCL $157,000
F8 EX 600 (3/17)
F8: EQ 745, TU 754, EX 741 (8/17)
~~ UTIL 2% INQ 8 (12 mo)
Message 13 of 22
credit_endurance
Valued Contributor

Re: Holy Smokes Penfed!! Should I apply for another with he same HP?

I would wait on a survey that they usually will send out via email. Complete that giving your reasons why you want the approval for the Platinum Rewards Visa Siggy and you should recieve a call back from a Loan Officer. If your still turned down after that it's certainly not the end of the world with them. They will like to see some usage and payment history. 

Starting FICO08 Scores 2016 All in the mid 500’s
Current FICO08 Scores AUG 2021 (TU 770) (EQ 775) (EXP 762)

“The credit is no longer bruised, it has endured the test of time” (formally know as bruisedcredit)

Garden Party Until July 2022….Chase 4/24
Message 14 of 22
Spock2017
New Contributor

Re: Holy Smokes Penfed!! Should I apply for another with he same HP?

I got confirm they mailed me the Power Cash Reward with $15k SL which was auto Instant approval.  My guess is that when I the applied for Siggy card within an hour, that stopped up the plumbing and sent it to loan officer who then made me Walk like an Egyptian.  i will use the Power card, pay it down monthly, and play farmer with PENFED.

 

Of course I will send back the survey on the decline and try to RECON as well.

Cap 1 Venture (14k) ~ Fifth Third Truly Simple (12k) ~ Fifth Third Simple #2 (10k) ~ Fifth Third Trio (10k) ~ AMEX ED (10k) ~ Huntington Voice 3x Reward (10k) ~ Huntington Voice APR (10k) ~ Discover IT (7.5k) ~ PENFED Power Cash (10k) ~ PENFED Platinum Reward (10k) ~ Gardner White Comenity (6.8k) ~ Chase Freedom (6k) ~ Wells Fargo Plat (5k) ~ Amazon (5k) ~ Sams Club (5k) ~ Alliant (5k) ~ Kohls (3k) ~ Marvel (3k) ~ DICKS (2.2k) ~ Flagstar (2k) ~Cap 1 Plat (1.6k) ~ CITI Simpl (1k) ~ AMEX BCE (1k) ~~ TCL $157,000
F8 EX 600 (3/17)
F8: EQ 745, TU 754, EX 741 (8/17)
~~ UTIL 2% INQ 8 (12 mo)
Message 15 of 22
K-in-Boston
Moderator

Re: Holy Smokes Penfed!! Should I apply for another with he same HP?


@credit_endurance wrote:

I would wait on a survey that they usually will send out via email. Complete that giving your reasons why you want the approval for the Platinum Rewards Visa Siggy and you should recieve a call back from a Loan Officer. If your still turned down after that it's certainly not the end of the world with them. They will like to see some usage and payment history. 


I'm surprised, but yeah this ^^.  If you have a balance transfer you'd like to do at 3% fee and 0% for 12 months, you could certainly call and speak with a loan officer.  They love being enticed with balance transfers and it would give you a chance to explain the high util on the other card that has been paid off (they'd be looking at your reports and should see the last reported date).

 

For once, I checked the thread before hitting Post and see that you replied.  Doesn't look like they told you to stop building pyramids so hopefully no worries there.

Message 16 of 22
AverageJoesCredit
Mega Contributor

Re: Holy Smokes Penfed!! Should I apply for another with he same HP?

11 cards in 3 months definetly has the Bangles playing on the PA at PF. Id take a 15k card and run like an EthiopianSmiley Wink
Message 17 of 22
Spock2017
New Contributor

Re: Holy Smokes Penfed!! Should I apply for another with he same HP?

Image result for walk like an egyptian

Cap 1 Venture (14k) ~ Fifth Third Truly Simple (12k) ~ Fifth Third Simple #2 (10k) ~ Fifth Third Trio (10k) ~ AMEX ED (10k) ~ Huntington Voice 3x Reward (10k) ~ Huntington Voice APR (10k) ~ Discover IT (7.5k) ~ PENFED Power Cash (10k) ~ PENFED Platinum Reward (10k) ~ Gardner White Comenity (6.8k) ~ Chase Freedom (6k) ~ Wells Fargo Plat (5k) ~ Amazon (5k) ~ Sams Club (5k) ~ Alliant (5k) ~ Kohls (3k) ~ Marvel (3k) ~ DICKS (2.2k) ~ Flagstar (2k) ~Cap 1 Plat (1.6k) ~ CITI Simpl (1k) ~ AMEX BCE (1k) ~~ TCL $157,000
F8 EX 600 (3/17)
F8: EQ 745, TU 754, EX 741 (8/17)
~~ UTIL 2% INQ 8 (12 mo)
Message 18 of 22
Spock2017
New Contributor

Re: Holy Smokes Penfed!! Should I apply for another with he same HP?

Update...filled out the survey.  In the comments I wrote that I was disappointed to get turned down for the Platinum Reward card because it appeared to be a good card to compliment the Power Cash card.  An hour or so later I was called by Loan Officer.  She was very nice.  We talked for a bit of options to keep one card or switch to the other.  In the end we agreed to split the $15k to both cards at $7500 each.  So now I have two PENFED cards to nurture.

Cap 1 Venture (14k) ~ Fifth Third Truly Simple (12k) ~ Fifth Third Simple #2 (10k) ~ Fifth Third Trio (10k) ~ AMEX ED (10k) ~ Huntington Voice 3x Reward (10k) ~ Huntington Voice APR (10k) ~ Discover IT (7.5k) ~ PENFED Power Cash (10k) ~ PENFED Platinum Reward (10k) ~ Gardner White Comenity (6.8k) ~ Chase Freedom (6k) ~ Wells Fargo Plat (5k) ~ Amazon (5k) ~ Sams Club (5k) ~ Alliant (5k) ~ Kohls (3k) ~ Marvel (3k) ~ DICKS (2.2k) ~ Flagstar (2k) ~Cap 1 Plat (1.6k) ~ CITI Simpl (1k) ~ AMEX BCE (1k) ~~ TCL $157,000
F8 EX 600 (3/17)
F8: EQ 745, TU 754, EX 741 (8/17)
~~ UTIL 2% INQ 8 (12 mo)
Message 19 of 22
AverageJoesCredit
Mega Contributor

Re: Holy Smokes Penfed!! Should I apply for another with he same HP?

Well played Smiley Happy. More POWER to the PLATINUMSmiley Happy
Message 20 of 22
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