PenFed has been sending me pre-approval mailers since May and I normally ignore them, mostly because I've been somewhat in the garden. I've also never been a PenFed member but have looked into them without applying before. The mailer gave a solid APR for 15.49%, so why not try finally applying and see what happens?
They instant approved me for $9,000 at that 15.49%
Here's some data points for those that like knowing the information.
They only pulled Equifax and my fico score for that is 776, average age of accounts is only 2 years out of 8 years of credit history (hence the gardening!), I have 2% utilization, and have 6 inquiries in the past 12 months, and 3 of them were in the past 6 months.
Most Used
Amex Hilton Honors Aspire - $30K
Amex Hilton Honors Business - $10K
Amex Amazon Prime Business - $12.4K
Used sparingly or in sock drawer
X1 Visa - $27K
PenFed Gold Visa - $9K
NavyFed Cash Rewards - $5K
Care Credit - $20K
Walmart Mastercard - $2K
Tractor Supply card - $6K
Amazon Prime Synchrony Card - $10K
Home Depot card - $12K
PNC Points - $13K
FNBO Evergreen - $2.8k
Discover It Chrome - $2.8K
Discover it Cash Back - $1K
FNBO Visa Signature - $1K
Commence Bank Special Connections - $2K
WF Reflect - $4K
Fico scores September 2023
Equifax - 786
Experian - 770
Transunion - 776
Had scores in the 500s 5 years ago
