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How long to get decision from Pen Fed

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ecxpa
Valued Contributor

How long to get decision from Pen Fed

Just apped for a Pen Fed card and it said application has been sent to loan officer, probably due to inquiries and new credit.  Question is do the analysts work on week-ends.....or do I just have to wait. 

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B335is
Moderator Emeritus

Re: How long to get decision from Pen Fed


@ecxpa wrote:

Just apped for a Pen Fed card and it said application has been sent to loan officer, probably due to inquiries and new credit.  Question is do the analysts work on week-ends.....or do I just have to wait. 


Sometimes they transfer or grant final approval on weekends.  Other times it takes a couple of days.  It took me 3 tries to get approved and they dialed back the computer generated limit from $11k to $1k, but it was a foot in the door for me.  I also applied for Thrifty Service over the phone after the card had been transferred.  They approved for the minimum amount $500, but that's all I asked for since the card limit was so low.

Message 2 of 4
striehl8212
Frequent Contributor

Re: How long to get decision from Pen Fed

I applied for the Platinum Rewards card on a Saturday. Forwarded to a loan officer and approved for $6,500 on Tuesday. Transferred on Wednesday and had the card the following Thursday. Hope the timeline helps. Good luck on getting in! 

March 2014: EX 693 I EQ 672 I TU 694
September 2014: EX 721 I EQ 741 I TU 742
Message 3 of 4
Creditcurious74
Frequent Contributor

Re: How long to get decision from Pen Fed

I just applied couple minutes ago for the Amex card and my application was send to  loan officer, is this a good sign or bad?  Should I call or wait. I got a instant denial twice from them before but my score was very low.

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