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PenFed PCR and Gold Conditional Approval

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FireMedic04
New Contributor

PenFed PCR and Gold Conditional Approval

Sup guys!

 

so I went ahead and applied for a Penfed power cash rewards card after gardening for a year and was "conditionally approved" pending review of identification documents they needed.

 

so I've been lurking for some time here and I remember reading that Penfed uses the same HP for applications for 90 days. So I called the Penfed rep and asked to apply for a gold card. Rep used the same hard pull and told me it's conditionally approved as well pending the review of the documents for the first card I applied for.

 

I was told the PCR is approved for $6500 SL and the Gold $6500 as well.

 

can I consolidate the gold SL to the PCR since I'm already approved for that SL and just carry a $13,000 SL on the PCR card?

 

thanks! 

Message 1 of 14
13 REPLIES 13
coreyb80
Super Contributor

Re: PenFed PCR and Gold Conditional Approval

Congrats on the approval! 

 

I would call them to ask if it is indeed possible.  Last time I called and ask I had a balance on both cards at the time and she told me that I couldn't transfer so I left it alone after that.  Think I'm about to call and combine because the Gold serves no purpose for me rewards wise.

Message 2 of 14
CreditMagic7
Mega Contributor

Re: PenFed PCR and Gold Conditional Approval

Congratulations on your double PenFed approvals!!

Message 3 of 14
gdale6
Moderator Emeritus

Re: PenFed PCR and Gold Conditional Approval

Grats on your dual Penfed approval Smiley Happy

Message 4 of 14
M_Smart007
Legendary Contributor

Re: PenFed PCR and Gold Conditional Approval

Congrats on your two PenFed approvals!!

Message 5 of 14
SUPERSQUID
Valued Contributor

Re: PenFed PCR and Gold Conditional Approval

CONGRATS !!!!! On your 90 day miracle

{ BK7 DC 12/2019 } target 1600/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 3000 /first savings bank cc 3000/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos in the 680 - 690 range, the 9's slightly higher than the 8's
My vantage scores 708 - 711
TCL - about 110k
Retired since 2017
Message 6 of 14
CreditCuriosity
Moderator Emeritus

Re: PenFed PCR and Gold Conditional Approval

Congrats on the approval.  I don't believe PenFed Consolidate limits any more although it could of changed since anyone last checked as policies constantly change, but last I heard it was a nope.

Message 7 of 14
FireMedic04
New Contributor

Re: PenFed PCR and Gold Conditional Approval


@CreditCuriosity wrote:

Congrats on the approval.  I don't believe PenFed Consolidate limits any more although it could of changed since anyone last checked as policies constantly change, but last I heard it was a nope.


Gotcha. Called and rep told me nope.

 

that's ok. I'm extremely stoked about being approved for both cards. Same day I was applying for a Citi custom cash card since credit karma said I had "excellent approval odds" pulled the trigger and got denied lol! So then I applied for the Penfed cards and approved for 2 cards. Go figure. 

Message 8 of 14
Great_Things_Ahead
Regular Contributor

Re: PenFed PCR and Gold Conditional Approval

Great job! Congratulations on your double approval! 🥳🍀

Message 9 of 14
CreditAggie
Community Leader
Super Contributor

Re: PenFed PCR and Gold Conditional Approval

Congratulations on your PenFed approvals!

Current Cards (in order of approval):

         
Current FICO 8 | 9 (April 2024):  
Credit Age:  
Inquiries (6/12/24):  
Banks & CUs:

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