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PenFed Gold Visa (NOT) Signature Approval

Medic981
Valued Contributor

PenFed Gold Visa (NOT) Signature Approval

So I had a weak moment and could not overcome my urge to apply and I wandered out of the garden. I have read that PenFed is sometimes a tough nut to crack yet I felt that my profile was strong enough to gain approval. I applied for a Gold Card because I was seeking a low-interest rate CC however I didn't get the 8.24% APR I was hoping for but got a 16.49% APR which is not what I was expecting. I did get $7,500 SCL which is better than I was expecting.

 

PenFedGold.JPG

 

I can always work on lowing the APR in the future.

















Your FICO credit scores are not just numbers, it’s a skill.

Message 1 of 41
40 REPLIES 40
Overmedicated
Community Leader
Valued Contributor

Re: PenFed Gold Signature Visa Approval

Congrats!

 FICO 8
Message 2 of 41
AllZero
Super Contributor

Re: PenFed Gold Visa Signature Approval

Congratulations on your approval!

Message 3 of 41
PlasticDad
Frequent Contributor

Re: PenFed Gold Signature Visa Approval

Woot Congratz!!








"Give me liberty, or give me credit!" -PlasticDad


Message 4 of 41
NimbusIII
Frequent Contributor

Re: PenFed Gold Visa Signature Approval

Congrats on your approval! Give it 6 months and ask for an interest reduction!






“The man who says he can, and the man who says he can not… Are both correct.”
Message 5 of 41
M_Smart007
Epic Contributor

Re: PenFed Gold Visa Signature Approval

Congrats!




Message 6 of 41
blindambition
Community Leader
Senior Contributor

Re: PenFed Gold Visa Signature Approval

Congrats on the approval Medic. They aren't Chase, you'll eventually get that APR down. 👍🏻 

Message 7 of 41
AverageJoesCredit
Community Leader
Mega Contributor

Re: PenFed Gold Visa Signature Approval

Very niceSmiley Happy. PF likes to reward people with high aprSmiley Wink

Message 8 of 41
AverageJoesCredit
Community Leader
Mega Contributor

Re: PenFed Gold Visa Signature Approval


@NimbusIII wrote:

Congrats on your approval! Give it 6 months and ask for an interest reduction!


I dont believe Pf works like that. Getting apr redux from Penfed is like pulling teeth, if they do it at all. Ime/imo Smiley Wink

Message 9 of 41
Saeren
Mega Contributor

Re: PenFed Gold Visa Signature Approval

Congrats on the approval!

 

I didn't even know PenFed offered that card as a siggy. 

Bummer about the APR indeed. Smiley Sad



Message 10 of 41
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