So, when the news broke of Penfed's recent app spree of their own (buying 4 CUs recently), and that they would have a branch in my area, I decided to expand my exposure to them.
About 8 months ago, I opened a savings account with them (denied both a PLOC and CC, right after a major app spree). I decided to bite the bullet and move my chequing over to them. I opened a chequing account and got a $500 overdraft LOC.
As I knew that would entail a HP (on EQ, I believe), I decided to see if I could get a CC this time. I went ahead and applied for their Platinum Rewards VS card. It went to underwriting, and they approved it. I got the min starting CL ($5k), and highest APR (18%), but that's still better than a lot of cards in my wallet, so I will take it and see about improving that.
My FICOs as of last month were in the 675 range, with movement up 3-5 pts (on the FAKO scores), a lot of HPs hiting the 6-month and 1-year mark, and new reports pulling anyday, I'm sure I will see a more accurate score when I get the paperwork from Penfed.
Great job OzMan!
PenFed has some great products... if they were to buy a CU local to me, I would definitely see about joining them as well. Even with them not being local, once things settle down a bit I might be joining them anyway!