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PenFed Platinum Rewards & Citi DC Approvals, WF PLOC Denial

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PenFed Platinum Rewards & Citi DC Approvals, WF PLOC Denial

Good evening all!

 

Just wanted to give you all some info on my approvals so hopefully it'll help someone else out. I decided to go on a small app spree last night/this afternoon. I applied and was approved for the PenFed Platinum Rewards Visa Signature card. I was approved for $7,500 and 16.99% (higher than I would've liked but oh well) with no prior relationship. I joined the CU right after being approved for the card. By the way, the application asked for my household income (either that or the language where if you're 21 or over you can include income that is accessible to you... but I think it mentioned household). Either way, that helps a bit more as opposed to just your individual income. They did not ask for any POI. They did one EQ pull only and I only had to deposit $5 into the new savings account to finalize my membership (didn't ask me to join any organizations or anything like that).

 

Household Income: $140k

TU: 745

EQ: 763

EX: 742

No bankruptcies, collections, etc. I have one serious delinquency from 6.5 years ago that sometimes still shows up.

 

Then I decided to app for Citi DC to get the MC World Elite I've been wanting. I checked on the website and I was prequalified (I knew since they've been mailing me offers). The prequalification showed a set interest rate instead of a range. I app'ed and was approved for $14,400 and 15.49%! They pulled on EX and EQ. 

 

Finally, I have been banking with Wells Fargo for 10 years, have a cc with them (Propel Amex), and a mortgage. The other day I signed on to my account and got a message about their personal lines of credit. I hit the "remind me later" button and gave it some thought and figured why not? So today I tried for that and was given a denial. I asked for $25k, assuming the relationship with them would help and the fact that I have a little bit of money in the bank may at least get them to counter (I've heard of them countering in a follow up letter). Anyway, I'll wait and see when I get the letter but not getting my hopes up. Either way, this denial didn't really upset me considering the other two approvals.

 

Hope this is of some help to others! Ask away if you have any questions. 

12 REPLIES 12
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Super Contributor

Re: PenFed Platinum Rewards & Citi DC Approvals, WF PLOC Denial

Congratulations on your approvals!
Message 2 of 13
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Community Leader
Senior Contributor

Re: PenFed Platinum Rewards & Citi DC Approvals, WF PLOC Denial

Yes penfed recently changed and now you can use your household income.
EXP 763 TU 793 EQ 734
Message 3 of 13
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Moderator

Re: PenFed Platinum Rewards & Citi DC Approvals, WF PLOC Denial

A nice run there, grats to all Smiley Happy
"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 4 of 13
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Established Contributor

Re: PenFed Platinum Rewards & Citi DC Approvals, WF PLOC Denial

Congratulations 🎉🍾🎈 🎊 on your approvals @rafy023

CARDS: Discover It | QuickSilver One | Open Sky | Kohl’s | BB&T Spectrum Cash Rewards | NFCU CashRewards | NFCU More Rewards | OverStock
Starting Scores 05/2019: EQ:519, EX:525, TU:574
Message 5 of 13
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New Contributor

Re: PenFed Platinum Rewards & Citi DC Approvals, WF PLOC Denial

Thank you! I owe it to this forum... before coming here I'd never heard of PenFed and wasn't considering the Citi DC. 

Message 6 of 13
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Senior Contributor

Re: PenFed Platinum Rewards & Citi DC Approvals, WF PLOC Denial

Congratulations!

Starting Scores FICO 8 (Feb '18):
EX- 519, TU- 530, EQ- 545

Current Scores



Message 7 of 13
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Senior Contributor

Re: PenFed Platinum Rewards & Citi DC Approvals, WF PLOC Denial

Congrats on your new approvals!





Message 8 of 13
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Super Contributor

Re: PenFed Platinum Rewards & Citi DC Approvals, WF PLOC Denial

 

Nice Approvals, Congrats!!!

 

Message 9 of 13
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Community Leader
Mega Contributor

Re: PenFed Platinum Rewards & Citi DC Approvals, WF PLOC Denial

Nice jobSmiley Happy. Suprised at the Wellie denial but in the end there are cc's everywhere to be foundSmiley Happy
Message 10 of 13
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