PenFed Instant Dual Approvals

[M_Smart007]

Congratulations!

[Loquat]

@Charmante  I echo the thoughts of @coldfusion.  As far as the card going Signature after you cross the limit of $5k, I'm not going to say it isn't possible but I will say that it isn't something that PenFed does on it's own (if it's even possible).  You can always ask for a CLI but you will most likely take an HP for it unless it's a quarterly offer.

I also agree with @coldfusion that your personal loan question may be a better fit for the personal finance section of the forum.  With that being said I don't b believe having more products with PenFed makes you a better customer in their view.  They either like your profile or they don't...nothing more, nothing less.  Having a sizable amount of cash in accounts with them usually don't sway their decision one way or the other; you get what you get with them.   Personally, I wouldn't take out a personal loan that I didn't need with hoping of getting in good graces of any lender.

[Jnbmom]

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@Loquat wrote:

@Charmante  I echo the thoughts of @coldfusion.  As far as the card going Signature after you cross the limit of $5k, I'm not going to say it isn't possible but I will say that it isn't something that PenFed does on it's own (if it's even possible).  You can always ask for a CLI but you will most likely take an HP for it unless it's a quarterly offer.

I also agree with @coldfusion that your personal loan question may be a better fit for the personal finance section of the forum.  With that being said I don't b believe having more products with PenFed makes you a better customer in their view.  They either like your profile or they don't...nothing more, nothing less.  Having a sizable amount of cash in accounts with them usually don't sway their decision one way or the other; you get what you get with them.   Personally, I wouldn't take out a personal loan that I didn't need with hoping of getting in good graces of any lender.

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+1

i also would not take out a loan for that amount just to turn around and pay it down, unless you need an installment account and there are much easier methods, seems silly . Penfed doesn't really care and that won't get you a better in with them at all .

[mrcraft]

Congratulations on your approvals!!

[BAD_UP]

Congrats on your PenFed Double Approval🎉👍

[Anonymous]

Congrats!

[cashorcharge]

That's terrific!  Congratulations on your approval!! 🎉🥂

[Elpadrino1]

Congratulations on both of your approvals!!

[mgood]

[Anonymous]

Congrats!