PenFed Gold Visa (NOT) Signature Approval

[CreditCuriosity]

Congrats.. bummer on the apr i have very strong scores as well but penfed will give me very big limits, but the apr they give me is always high for what i consider a good profile approx 800 scores when i apply.  Dont know if they really offer the lowest aprs to many other than maybe if you are a perfect 850 and havent opened a card in a few years shrug.  They are no NFCU that is certain w/regards to apr.

[Meanmchine]

Congrats on your new PenFed Gold card

[Medic981]

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@Anonymous wrote:

Congrats on the approval!

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

Bummer about the APR indeed.

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I too was surprised that it is a Signature Visa. 

[Medic981]

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@NimbusIII wrote:

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

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I had to wait a year before NFCU would entertain an APR reduction and when they did it was 0.49% reduction.

[Medic981]

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@CreditCuriosity wrote:

Congrats.. bummer on the apr i have very strong scores as well but penfed will give me very big limits, but the apr they give me is always high for what i consider a good profile approx 800 scores when i apply.  Dont know if they really offer the lowest aprs to many other than maybe if you are a perfect 850 and havent opened a card in a few years shrug.  They are no NFCU that is certain w/regards to apr.

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My NFCU Flagship card is my best APR card at 11.49% with my largest CL at $25,000. I guess every FI can't be NFCU!

[gingerflower]

Congratulations!!

[Mahraja]

excellent approval @Medic981 ..Congrats .. i like this card ..just grab it and work your way to get it down to  the lowest "APR".. Good luck

_____________R.a.j

[NimbusIII]

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@AverageJoesCredit wrote:

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@NimbusIII wrote:

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

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

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Worked for me! Although it was pretty close to a year when I asked.  Everything at Penfed incurs a HP. I'm afraid to ask for my balance in the off chance it will incur another HP.

[AllZero]

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@NimbusIII wrote:

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@AverageJoesCredit wrote:

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@NimbusIII wrote:

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

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

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Worked for me! Although it was pretty close to a year when I asked.  Everything at Penfed incurs a HP. I'm afraid to ask for my balance in the off chance it will incur another HP.

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Can you elaborate on this previous process for others (including me of course )?

[Medic981]

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@AllZero wrote:

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@NimbusIII wrote:

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@AverageJoesCredit wrote:

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@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

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Worked for me! Although it was pretty close to a year when I asked.  Everything at Penfed incurs a HP. I'm afraid to ask for my balance in the off chance it will incur another HP.

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Can you elaborate on this previous process for others (including me of course )?

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I too would be interested to know your secrets!