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PenFed PCR VISA Approval

Rubbersoul2021
Established Member

PenFed PCR VISA Approval

So, finally buckled and decided to apply for one more card before hibernating for the winter! Apped for the PenFed Platinum Rewards and was denied and countered with and offer for PCR VISA (non signature) with a $2500 SL at....3% APR?? Kinda confused on that one.

After reading about the double apps/1 pull on here, I apped for the Gold Visa, but that app went under review, so we'll see what happens.

 

I was kinda dissapointed the SL was that low, was hoping for around 5k for the siggy. Ive heard of people doing a SL recon via the survey, should I give that a shot? I didn't have to provide any POI with the initial approval, I wonder if I would have to if i requested a SL recon...

 

At any rate, super excited to start a relationship with PenFed!

Message 1 of 18
17 REPLIES 17
CreditAggie
Super Contributor

Re: PENFED PCR VISA APPROVAL

Congratulations on your PenFed approval!

Current Cards (in order of approval):


Current FICO 8 | 9:

Credit Age:

Inquiries (24 month):

Banks & CUs:

Goal Cards:



Currently: 1/6, 3/12, 5/24
Message 2 of 18
Total80sKid
Valued Contributor

Re: PENFED PCR VISA APPROVAL

Congrats on your Power Cash approval 👍🏼

Message 3 of 18
Sub16610
Frequent Contributor

Re: PenFed PCR VISA Approval

Congrats on your PenFed approval!

Message 4 of 18
cashorcharge
Senior Contributor

Re: PenFed PCR VISA Approval

Congratulations on your PF PCR Approval!🎉🥂👏🏼

There were a rare few that got a higher SL after completing the survey you'll receive via email but I think those were very few and very far between. 

Message 5 of 18
KingRue8500
Valued Contributor

Re: PenFed PCR VISA Approval

Congrats on your PenFed Power Cash Rewards approval




Message 6 of 18
SilverSmith
Established Contributor

Re: PenFed PCR VISA Approval

Congrats on the PCR!!! GL with the Gold. Any DPs you can share? EQ scores, Inqs, new accounts, existing relationship?





Message 7 of 18
Rubbersoul2021
Established Member

Re: PenFed PCR VISA Approval

Thanks all! Couldnt have gotten here without the wealth of knowledge on this board, all of you have collectively helped me and my family turn a new page financially.

 

@SilverSmithSure! EQ08-707

2 inquires on EQ in last 12 months, 1 in the last 6.

4 new accounts in last 12 months, 1 in the last 6.

No existing relationship with PenFed.

Overall util- 2%

 

Fingers crossed for the gold, hopefully will hear something later today!

 

 

Message 8 of 18
coreyb80
Senior Contributor

Re: PenFed PCR VISA Approval

Congrats on the approval! I started with the same SL back in May.  Hoping to get a decent increase come next month at my 6 months.

Message 9 of 18
Rebuild2019
Valued Contributor

Re: PenFed PCR VISA Approval

Congratulations on your PenFed approval.

CARDS: Discover It | QuickSilver One | Kohl’s | BBT Spectrum Cash Rewards | BBT Bright | PenFed Gold Visa | NFCU CashRewards | NFCU More Rewards | NFCU Platinum Visa | AMEX BCE | Verizon Visa | Wells Fargo Active Cash | Amazon Prime | OverStock
Starting Scores 05/2019: EQ:519, EX:525, TU:574
Message 10 of 18
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