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PenFed Platinum Rewards Visa Signature® Card

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Regular Contributor

Re: PenFed Platinum Rewards Visa Signature® Card

I was just approved today for $25k at 11.99%. Congrats
Discover IT $18.5k, Costco Visa $5.5k, BofA rewards $11.3k, C1 QS VS $11k, VentureOne $11.75k Golden1 CU $3k Barclay's Rwds $2.8k, Barclays Cash Fwd $2.8k, NFL Extra Points $1750, Walmart $6k, Old Navy $4k, Target MC $11k, Sears MC $3K, Overstock $3.9k, Pink $3,050, Kohl's $3000, Penfed Rwds $4k, Macys Amex $19k, Best Buy Visa $5K, PayPal MC $8k

Current Fico8; TU 733 EX 729 EQ 717
BK7 DC 12/14
Message 11 of 16
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Regular Contributor

Re: PenFed Platinum Rewards Visa Signature® Card

Congrats. I love the 5% on fuel.
Message 12 of 16
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Super Contributor

Re: PenFed Platinum Rewards Visa Signature® Card


@rafy023 wrote:

Congrats!!! I just got the Platinum Rewards a couple of days ago too so you're making me feel optimistic about a future CLI. By the way, just for some DP, mine was an instant approval and did not go to an underwriter (it also was only half of your SL so maybe that has something to do with it). 

Congratulations on your approval!

Message 13 of 16
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Super Contributor

Re: PenFed Platinum Rewards Visa Signature® Card


@flako8811 wrote:
I was just approved today for $25k at 11.99%. Congrats

Congratulations on your approval!

Message 14 of 16
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Contributor

Re: PenFed Platinum Rewards Visa Signature® Card


@rafy023 wrote:

@MacRoadie wrote:

First Monday of the month, so I thought I'd take a look at my portfolio and see if there were any cards due for a CLI request. Saw that I hadn't requested an increase on my PenFed Power Cash Rewards card since I was approved back in July. I had been sitting on the initial CL of $5,000 while I pursued other relationships with AmEX and Citi. I had originally gone after PenFed during my rebuild and they were slow to approve a credit card (finally after 12 months with them), so once I got the Cash Rewards card (at a slightly lower SL than a couple of other cards I'd received in the interim) I kinda forgot it in the sock drawer.

 

Anyway, went and hit the Luv Button, answered a question or two, and voila! Instant CLI to $15,000. I had heard PenFed was good for healthy increases, but then also heard they had grown stingy. Was pretty happy with the triple CLI to be sure.

 

After I thought about it for a few minutes, I remembered I had looked at their Platinum Rewards Visa, mostly due to the 5:1 on gas and 3:1 on groceries (before I had my new AmEx Green which now duplicates the grocery earn). I figued, "what the hell". Just got a healthy CLI on the Cash Rewards (on a soft pull by the way) so why not give it a shot.

 

Clicked on the app button, filled in what wasan't auto-filled in the online app and hit the app button. It went immediately to an underwriter (which I think happends on ALL new credit applications with PenFed) for review. About 30 minutes later, I got an email saying I was approved!  Same soft pull too! PenFed Platinum Rewards Visa Signature® Card with $15,000 initial CL. Needless to say, I'm doubly happy and went from $5,000 CL to a combined $30,000 in one morning!

 

Happy Dance for sure.


Congrats!!! I just got the Platinum Rewards a couple of days ago too so you're making me feel optimistic about a future CLI. By the way, just for some DP, mine was an instant approval and did not go to an underwriter (it also was only half of your SL so maybe that has something to do with it). 


I'm thinking the two apps 30 minutes apart may have rung a bell somewhere too. The $10k CLI was instant, the second app for the $15k Platinum Rewards card required the eyes.




FICO 8 (7/24/19) EX: 682, EQ: 701, TU: 700

FICO 8 (10/14/19) EX: 710, EQ: 711, TU: 709
Message 15 of 16
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Regular Contributor

Re: PenFed Platinum Rewards Visa Signature® Card

Thanks, I tried the same thing but the other way around. First app was CC then when i was approved after 30mins i tried for a CLI on my Power Cash but before i locked my equifax afraid of a double pull since it happen to me last year. The CLI went to pending review. We’ll see what happens.
Discover IT $18.5k, Costco Visa $5.5k, BofA rewards $11.3k, C1 QS VS $11k, VentureOne $11.75k Golden1 CU $3k Barclay's Rwds $2.8k, Barclays Cash Fwd $2.8k, NFL Extra Points $1750, Walmart $6k, Old Navy $4k, Target MC $11k, Sears MC $3K, Overstock $3.9k, Pink $3,050, Kohl's $3000, Penfed Rwds $4k, Macys Amex $19k, Best Buy Visa $5K, PayPal MC $8k

Current Fico8; TU 733 EX 729 EQ 717
BK7 DC 12/14
Message 16 of 16
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