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Pen Fed

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Contributor

Pen Fed

After all this talk about Pen Fed.  I joined through my brother who was in the Navy back in Oct 2019.  Today I decided to go for the Gold Visa and was instantly approved with a $5000 CL.  I have a high debt ratio thing so I got a 17.00% intrest rate; that's their highest.  But...as I pay my other cards off I will ask them to reevaluate my intrest rate.   I always pay everything on time so I have  a 100% on time payment history.    I guess that's why I got approved.  Credit Score is 690.   (I don't know how to put those things at the bottom). 

I couldn't believe I got approved during this time.   I have to buy a car in a 2022 so I plan to get it through them.    I was gonna put it in the sock drawer but I may put $500 or so on it and pay it off just to establish a payment history with them.    

Message 1 of 19
18 REPLIES 18
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Established Contributor

Re: Pen Fed

Nice,

 

you should be eligible for Navy Federal, too, which is also a very nice institution 


Smiley Embarassed
Message 2 of 19
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Frequent Contributor

Re: Pen Fed

I know this is a PenFed thread but, I hope you signed up for NFCU through your brother also!

Message 3 of 19
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Frequent Contributor

Re: Pen Fed


@Dumbee wrote:

Nice,

 

you should be eligible for Navy Federal, too, which is also a very nice institution 


Beat me to it!

Message 4 of 19
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Super Contributor

Re: Pen Fed

All of these PenFed approvals are something else, congrats!

 

Don't worry about the APR btw, PenFed rarely gives anyone the lower APRs.

 

Gold card normally has a bonus of $100 for $1500 of spend in the first 90 days. I would make sure you get that Smiley Happy




Message 5 of 19
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Valued Contributor

Re: Pen Fed

Congratulations on your PenFed Gold approval!



Current FICO 8:

Credit Age:

Inquiries:

Goal Cards:


Message 6 of 19
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Contributor

Re: Pen Fed


@Dumbee wrote:

Nice,

 

you should be eligible for Navy Federal, too, which is also a very nice institution 


 

I will!     Thanks!

Message 7 of 19
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Valued Contributor

Re: Pen Fed

Enjoy that new card!  Congratulations!!

Message 8 of 19
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Contributor

Re: Pen Fed


@Thefinancehobbyist wrote:

I know this is a PenFed thread but, I hope you signed up for NFCU through your brother also!


I'm gonna call my brother tomorrow and get his ID so I can join!

Message 9 of 19
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Valued Contributor

Re: Pen Fed


@BessTruman wrote:

@Thefinancehobbyist wrote:

I know this is a PenFed thread but, I hope you signed up for NFCU through your brother also!


I'm gonna call my brother tomorrow and get his ID so I can join!


You only need his NFCU "access number".  You are as good as in.




Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = Very Low 400's
1-1-17 -
8-1-18 -
12-24-18 -
Current F08 -
Current F09 -

Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, FuelMan .8K, Citi Tractor Supply Rev .8k, Builder Pro 5.4K, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k - All No PG | AMEX Biz Gold NPSL
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