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

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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.
>06/2020 CCT EX 835 TU 848 EQ 844

I'd get it one piece at a time
And it wouldn't cost me a dime
You'll know it's me when I come through your town
I'm gonna ride around in style
I'm gonna drive everybody wild
'Cause I'll have the only one there is around.

- Johnny Cash One Piece At A Time
Message 31 of 43
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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.
>06/2020 CCT EX 835 TU 848 EQ 844

I'd get it one piece at a time
And it wouldn't cost me a dime
You'll know it's me when I come through your town
I'm gonna ride around in style
I'm gonna drive everybody wild
'Cause I'll have the only one there is around.

- Johnny Cash One Piece At A Time
Message 32 of 43
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Mega 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 43
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Mega Contributor

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


@Meanmchine wrote:

Congrats 86 with your love affair with Penfed

 



Message 34 of 43
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Valued 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. 



Updated 06/04/2020
Total Length of Credit = 35+ years; AoOA (Currently open accounts) = 27+ years;
AAoA = 8+ years; AoYA = less than 1 year (July 2020)
Total Open Credit Lines Over $527K. Utilization Less Than 1%. Inquiries until Nov 2020 (TU:2 -- EQ:4 -- EX:7)
*Hover cursor over each card to see name & CL, or press & hold on mobile app.
Message 35 of 43
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Mega 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 43
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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 43
Highlighted
Mega 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 43
Highlighted
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 43
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New 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 43
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