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

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M_Smart007
Legendary Contributor

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


@Consigliere wrote:

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


@Consigliere, Thank you! ...Nothing is set in stone, but I had also put $100K into their Premium Online Savings.

So it is possible, money can buy you LoveSmiley Very Happy

Message 41 of 44
Aim_High
Super Contributor

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


@Consigliere wrote:

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


Welcome to My Fico Forums @Consigliere and congrats on your first posting!  Smiley Happy

 

While there aren't hard-and-fast rules that I know of, PenFed does a Hard Pull for CLI so you don't want to have them do it too early.  I'd recommend six months to be safe as a minimum. My Power Cash Rewards was approved at $15K.  I asked at seven months and they upped it to $25K.  Then a couple of weeks later offered me a second card with $16.K limit or additional CLI on my PCR, so I took the higher limit and raised it to $41.7K!  That may be an exceptionally fast rise, but they are more generous as they get to know you. 

 

Similar to the experience of @M_Smart007, I deposited a good bit of money in checking, savings, and the Premium Online Money Market Savings in those first six months so maybe it helped.  Oddly enough (or perhaps not), the credit lines offered mirrored my deposit amounts pretty closely. 


Business Cards


Length of Credit > 40 years; Total Credit Limits >$898K
Top Lender TCL - Chase 156.4 - BofA 99.7 - AMEX 95.0 - CITI 94.5 - NFCU 80.0
AoOA > 30 years (Jun 1993); AoYA (Feb 2024)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 42 of 44
Consigliere
Established Member

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

Thank you @Aim_High  & @M_Smart007  for the heads-up Smiley Wink it definitely weight a lot, all financial institutions look at relationship first when it comes to exceptions and tier-bumps.

Well I have a Pathfinder parked at $10k for over a year and a new Platinum Rewards at $17500 for less than 6 months. Me thinking maybe I should pull the CLI trigger for both using the same pull

Amex-Every-Day-Credit-Card
Message 43 of 44
Anonymous
Not applicable

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

congratulations on your success!

Message 44 of 44
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