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PenFed PCR Visa $11,500 CLI ******Approved!

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Meanmchine
Super Contributor

Re: PenFed PCR Visa $11,500 CLI ******Approved!

Congrats 86 with your love affair with Penfed

 

My brother had the same idea as you but unfortunately he went the silver route. Hopefully there will be a rebound shortly

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>5/2023 All 3 reports 840ish (F8) F9s = 850 but my app finger is still twitching
Message 31 of 44
Meanmchine
Super Contributor

Re: PenFed PCR Visa $11,500 CLI ******Approved!


@Gmood1 wrote:

Congrats @M_Smart007  !! 

You're nearly at max exposure with Penfed.

They'll probably give you the rest on a SP preapproval in the coming months.


It's been so long, I forgot what they look like

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>5/2023 All 3 reports 840ish (F8) F9s = 850 but my app finger is still twitching
Message 32 of 44
M_Smart007
Legendary Contributor

Re: PenFed PCR Visa $11,500 CLI ******Approved!


@Mv350 wrote:

Congrats Smart!!!!!


Thanks @Mv350 !

Hope your hard work is going well,

and life can somewhat get back to  ..some kinda normal soon Smiley Indifferent

Message 33 of 44
M_Smart007
Legendary Contributor

Re: PenFed PCR Visa $11,500 CLI ******Approved!


@Meanmchine wrote:

Congrats 86 with your love affair with Penfed

 


Message 34 of 44
Aim_High
Super Contributor

Re: PenFed PCR Visa $11,500 CLI ******Approved!


@M_Smart007 wrote:

@Aim_High wrote:

@M_Smart007 wrote:

So while I had applied and was approved for a $11,500.00 CLI on PenFed PCR Card.

$33,500.00 + $11,500.00  >>>> $45,000.00 NEW SCL


Congrats, @M_Smart007!! Smiley Very Happy

Totally cool to get that high with PenFed!

Rumor has it that they were capped at $25K per card and $50K total but I guess you blew that theory out of the water! 

For data points, how long had it been since you opened the account, got a CLI, and what was rough monthly spend on the card to get that increase?


Thanks @Aim_High Smiley Happy

 

Opened October 28 2019

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/WEIRD-Penfed-Power-Cash-Approval-33-500-00/m-...

 

I think I bough one rare gold coin at about $3300.00 and about $200-$300 gas and restaraunt spend.

I did have direct deposit and ACH transfers into Access America checking,

and Premium online Savings for just a little over $100K.

I did keep 99K in the Savings.

Not really any big spend on the card. I do qualify for the 2% cash back.

 

I think the capped hard limits are very much a "YMMV" type of thing with them.


Awesome, thanks!! That helps somewhat.  I'm right behind you.  I got the PenFed Power Cash and opened accounts on 11/18/19.  I don't have a recurring DD but I've put some funds (much more than minimal) into checking, savings, and also moved money into a Premium Online Savings although not as much as you.  Using the card for a lot of routine spend and planning to go for CLI at about six months.  (They only approved me for $15K initially so hoping for at least $25K with no new apps in six months, my account activity, my high credit scores, and high income/low debt.)  I'm hoping building "relationship" with both PenFed and Navy FCU will help my approvals for higher limits over time. 


Business Cards


Length of Credit > 40 years; Total Credit Limits >$850K
Top Lender TCL - Chase 156.4 - BofA 99.7 - AMEX 95.0 - CITI 94.5 - NFCU 80.0
AoOA > 30 years (Jun 1993); AoYA (Aug 2023)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 35 of 44
M_Smart007
Legendary Contributor

Re: PenFed PCR Visa $11,500 CLI ******Approved!


@Meanmchine wrote:

@Gmood1 wrote:

Congrats @M_Smart007  !! 

You're nearly at max exposure with Penfed.

They'll probably give you the rest on a SP preapproval in the coming months.


It's been so long, I forgot what they look like


Just for @Meanmchine 

 

 

Message 36 of 44
Mv350
Valued Contributor

Re: PenFed PCR Visa $11,500 CLI ******Approved!


@M_Smart007 wrote:

@Mv350 wrote:

Congrats Smart!!!!!


Thanks @Mv350 !

Hope your hard work is going well,

and life can somewhat get back to  ..some kinda normal soon Smiley Indifferent


Let's hope for some sort of normalcy soon!

Message 37 of 44
M_Smart007
Legendary Contributor

Re: PenFed PCR Visa $11,500 CLI ******Approved!


@Mv350 wrote:

@M_Smart007 wrote:

@Mv350 wrote:

Congrats Smart!!!!!


Thanks @Mv350 !

Hope your hard work is going well,

and life can somewhat get back to  ..some kinda normal soon Smiley Indifferent


Let's hope for some sort of normalcy soon!


@Mv350, Is it normal yet?

Message 38 of 44
Mv350
Valued Contributor

Re: PenFed PCR Visa $11,500 CLI ******Approved!


@M_Smart007 wrote:

@Mv350 wrote:

@M_Smart007 wrote:

@Mv350 wrote:

Congrats Smart!!!!!


Thanks @Mv350 !

Hope your hard work is going well,

and life can somewhat get back to  ..some kinda normal soon Smiley Indifferent


Let's hope for some sort of normalcy soon!


@Mv350, Is it normal yet?


Well I work days now, so more normal than before lol

Message 39 of 44
Consigliere
Member

Re: PenFed PCR Visa $11,500 CLI ******Approved!

congrats on your CLI... so definitely there's no 6 months waiting rule for CLI at Penfed??

Message 40 of 44
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