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PenFed Power Cash Rewards $15K SL - Approved!

tag
CreditAggie
Community Leader
Super Contributor

PenFed Power Cash Rewards $15K SL - Approved!

Hello again myFICO,

After yesterday's massive BofA Premium Rewards approval, I determined that I have enough planned spend coming up for a second SUB, so I thought now would be a good time to app for another card. I decided this time to app for the PenFed PCR. I thought it would be a good CU card to have for lender diversity and as a fallback to the BofA card. I first did the pre-qualification and it came back as prequalified with a $15,000 SL. I followed through with the application and:

 

Approved!Approved!

I was instantly approved with the same prequalified $15,000 SL!

 

DPs:

  • EQ pull: 778 FICO 9
  • 0/12 new accounts
  • Reported income: $40K
  • 3 year banking relationship with PenFed (checking and savings)
  • No HPs on EQ prior to app

Now it's REALLY time to go back to the garden! Smiley LOL

Current Cards (in order of approval):


         
Current FICO 8 | 9 (August 2026):  
Credit Age:  
Inquiries (6/12/24):  
Banks & CUs:

Message 1 of 11
10 REPLIES 10
GZG
Senior Contributor

Re: PenFed Power Cash Rewards $15K SL - Approved!

congrats!! 

 

massive CL from penfed!! 

Starting FICO 8:
Current FICO 8:



Message 2 of 11
JoeRockhead
Community Leader
Super Contributor

Re: PenFed Power Cash Rewards $15K SL - Approved!

Very nice SL, congratulations on your approval!

Message 3 of 11
cashorcharge
Community Leader
Super Contributor

Re: PenFed Power Cash Rewards $15K SL - Approved!

WooHoo!! Congratulations on your Approval!!👏🏼🍾🥂

Message 4 of 11
firefox100
Senior Contributor

Re: PenFed Power Cash Rewards $15K SL - Approved!

Congratulations all the way around great cl enjoy it have fun.

Message 5 of 11
nytokyobred79
Valued Contributor

Re: PenFed Power Cash Rewards $15K SL - Approved!

Congrats on that PenFed approval to accompany your BOA card. Good luck staying in the garden next 12 months. 

Avoided credit cards after ruining my financial health but got back into the game in 2019 after a 20 year hiatus
Total Revolving CL- about $240K | Order of Opened Cards
Delta SkyMiles Blue- SL-$1K | CL- $22.6K
Delta SkyMiles Reserve- SL- $10K | CL- $20K
Chase Sapphire Reserve- SL $20 | CL- $12K
Cap 1 Venture Rewards- SL $10K | CL $ 21.5K
Amex Everyday Preferred- SL $13.1K | CL $10K ( moved some limits around )
Chase Freedom Unlimited: SL $23.4K| CL $72K
BOA Unlimited Cash SL: $20.8K| CL $15K moved some limits around)
BOA Travel Rewards SL: $20.8K | CL $5.8K(moved some limits around)
Amex Blue Cash Preferred SL: $10K
Amex Green Card: NPSL / POT: 17K
BOA BankAmericard: SL: $5K | CL: $30K
U.S. Bank Shield Visa SL: $500, successfully manually reconned to $15K
Message 6 of 11
Blender
Established Contributor

Re: PenFed Power Cash Rewards $15K SL - Approved!

Congrats on your PenFed Power Cash Rewards approavl!

10/2024


Message 7 of 11
BigBS
Senior Contributor

Re: PenFed Power Cash Rewards $15K SL - Approved!

Congrats on the approval!

Score: EQ(784) EX(788) TU(792)
INQs: EQ(2) EX(6) TU(2)
Last INQ: 08 Jul 25

Total Credit Limit - $2.0M

Message 8 of 11
KingRue8500
Senior Contributor

Re: PenFed Power Cash Rewards $15K SL - Approved!

Congrats on your PenFed Power Cash Rewards approval




Message 9 of 11
Aim_High
Super Contributor

Re: PenFed Power Cash Rewards $15K SL - Approved!

Congratulations on your PenFed Power Cash Rewards approval, @CreditAggieSmiley Very Happy 

 

I still think this is one of the very best all-around 2% cards available.  Enjoy!

 

Happy_Dancing.gif


Business Cards


Length of Credit > 42 years; Total Credit Limits > $957.6K
Top Lender TCL - Chase 165.9 - BofA 99.9 - CITI 98.5 - AMEX 95.1 - NFCU 80.0 - SYCH - 65.0
AoOA > 32 years (Jun 1993); AoYA (Oct 2024)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 10 of 11
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