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PenFed Visa $15000 approval BUT 15.49% APR w/724 FICO 9 (score they pulled)

AverageJoesCredit
Legendary Contributor

Re: PenFed Visa $15000 approval BUT 15.49% APR w/724 FICO 9 (score they pulled)

Penfed is one of the stingiest on aprs no matter what your score imo.

Message 11 of 22
CreditAggie
Community Leader
Super Contributor

Re: PenFed Visa $15000 approval BUT 15.49% APR w/724 FICO 9 (score they pulled)

Congratulations on your PenFed approval and nice SL!

Current Cards (in order of approval):

            
Current FICO 8 | 9:  
Credit Age:  
Inquiries (6/12/24 M):  
Banks & CUs:                           Goal Cards:
                
Message 12 of 22
EverForward
Established Contributor

Re: PenFed Visa $15000 approval BUT 15.49% APR w/724 FICO 9 (score they pulled)

Congratulations on your approval. Smiley Happy

Message 13 of 22
CreditJourney007
Frequent Contributor

Re: PenFed Visa $15000 approval BUT 15.49% APR w/724 FICO 9 (score they pulled)

I was approved in Feb with a TU 09 of 713 with a 15.49% APR. I don't know if you consider this a similar score.

However, my TU 09 is now 727 and APR is still 15.49% (though I haven't requested, yet other lenders have lowered it automatically for me). 

Message 14 of 22
Marz2002
Senior Contributor

Re: PenFed Visa $15000 approval BUT 15.49% APR w/724 FICO 9 (score they pulled)

CONGRATS  on your PenFed VISA approval and the  AWESOME  SL!!

AMEX BCP $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $15.2K | Citi Rewards WMC $15.5K | Citi Costco VS $12K
Citi Custom Cash WEMC $7.8K | Synchrony (PayPal Credit $6K, Care Credit $15K, & PayPal 2% MC $10K, VENMO VS $6.5K)
PNC Cash Rewards VS $10.5K | NFCU cashRewards VS $14K | NFCU More Rewards AMEX $37.5K | NFCU Flagship Rewards VS $23K
Discover IT $22.5K | BB&T Cash Rewards $4.5K | Macy's AMEX $25K | Bloomingdales AMEX $20K | Apple Card WEMC $9K
PenFed Power Cash Rewards VS $7.5K

Total CL - $284K+
Message 15 of 22
mrcraft
Valued Contributor

Re: PenFed Visa $15000 approval BUT 15.49% APR w/724 FICO 9 (score they pulled)

Congratulations with your approval!!

 

I had no idea what my APR was, so I checked.  16.74% with scores in my sig line.




Message 16 of 22
ClassicMan
Valued Contributor

Re: PenFed Visa $15000 approval BUT 15.49% APR w/724 FICO 9 (score they pulled)

Congrats on your approval!

12/18/19




05/27/20





Cards

Authorized User
Message 17 of 22
jberry
New Contributor

Re: PenFed Visa $15000 approval BUT 15.49% APR w/724 FICO 9 (score they pulled)


@DebtStinks wrote:

I'm thankful for the approval, but considering the starting APR is 7.49% (I received 15.49%) and the score they pulled for me is 724, I thought I'd get somewhere in the 10% APR range...

 

I'm thankful for the 15k starting credit line, but wondering if the APR is in line with others who have similar scores pulled by PenFed. Granted, I know I have a CH7 BK just shy of 3 years old, but flawless profile since filing BK.

 

Any insight is appreciated!

 

Btw, I was told by a representative that ALL credit card applications are going into manual review right now...so don't be upset when you don't get an automated approval while doing your application.


All credit card apps go into manual review now?? man makes me think I should of applied! About 3 days ago, DearWife and my best friend apped for the PenFed Gold card, and both got $17,500 SL at 15.49%, their FICO 9 scores in PenFed where around 670, I was so tempted to try to app, so I can do a balance transfer but decided to hold off for NavyFed next month, but they were instantly approved, even for the same amount and APR%, it got me really curious... if PenFed eased up the last month or so, becuase when I tried to do a CLI for my PenFed 1.5% cash card from $7,000 (SL), they deneid me....

Message 18 of 22
Dogbert
Valued Contributor

Re: PenFed Visa $15000 approval BUT 15.49% APR w/724 FICO 9 (score they pulled)

 

BOOM! Congrats on the approval and GREAT sl!

 

Like others have said, don't worry about the APR much right now... likely the BK, just PIF and in a year, ask them for a reduction!

 

  
  
---- NAILED IT!

Message 19 of 22
Wavester64
Valued Contributor

Re: PenFed Visa $15000 approval BUT 15.49% APR w/724 FICO 9 (score they pulled)

@DebtStinks 

 

Congrats!

congrats_super.JPG





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Message 20 of 22
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