PenFed Visa Cash rewards approval

[The-Credit-Disciple]

Good evening fico fam,

I just got approved for the Power rewards Visa, starting Limit is $3500, I spoke to the CSR for a CLI he said I should wait a couple of months and then pull the trigger. also don't they use the same HP for additional products if I wanted to apply?  My Fico 9 equifax was 739, i am itching to try for the Penfed Visa Gold.

[AllZero]

Congratulations on your approval!

[M_Smart007]

Congratulations!

[The-Credit-Disciple]

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@AllZero wrote:

Congratulations on your approval!

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do they use the same hp if I wanted to go for another card?

[Jnbmom]

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@The-Credit-Disciple wrote:

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@AllZero wrote:

Congratulations on your approval!

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do they use the same hp if I wanted to go for another card?

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I doubt  it ,they love to HP you

[AllZero]

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@The-Credit-Disciple wrote:

I just got approved for the Power rewards Visa, starting Limit is $3500, I spoke to the CSR for a CLI he said I should wait a couple of months and then pull the trigger. also don't they use the same HP for additional products if I wanted to apply?  My Fico 9 equifax was 739, i am itching to try for the Penfed Visa Gold.

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If you have the patience, perhaps wait 6 months to show spend and payment history. Then, when you apply for the Gold card, you can also request a CLI on the PCR. Hopefully, you'll get a decent starting limit and CLI.

[The-Credit-Disciple]

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@AllZero wrote:

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@The-Credit-Disciple wrote:

I just got approved for the Power rewards Visa, starting Limit is $3500, I spoke to the CSR for a CLI he said I should wait a couple of months and then pull the trigger. also don't they use the same HP for additional products if I wanted to apply?  My Fico 9 equifax was 739, i am itching to try for the Penfed Visa Gold.

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If you have the patience, perhaps wait 6 months to show spend and payment history. Then, when you apply for the Gold card, you can also request a CLI on the PCR. Hopefully, you'll get a decent starting limit and CLI.

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So its not a good idea to go after the Gold Visa Now?

[Jnbmom]

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@AllZero wrote:

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@The-Credit-Disciple wrote:

I just got approved for the Power rewards Visa, starting Limit is $3500, I spoke to the CSR for a CLI he said I should wait a couple of months and then pull the trigger. also don't they use the same HP for additional products if I wanted to apply?  My Fico 9 equifax was 739, i am itching to try for the Penfed Visa Gold.

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If you have the patience, perhaps wait 6 months to show spend and payment history. Then, when you apply for the Gold card, you can also request a CLI on the PCR. Hopefully, you'll get a decent starting limit and CLI.

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I agree it's a smaller starting line wth them. I would wait , your scores may be great but PF is a stickler about your total lines versus your income .

[AllZero]

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@The-Credit-Disciple wrote:

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@AllZero wrote:

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@The-Credit-Disciple wrote:

I just got approved for the Power rewards Visa, starting Limit is $3500, I spoke to the CSR for a CLI he said I should wait a couple of months and then pull the trigger. also don't they use the same HP for additional products if I wanted to apply?  My Fico 9 equifax was 739, i am itching to try for the Penfed Visa Gold.

---

If you have the patience, perhaps wait 6 months to show spend and payment history. Then, when you apply for the Gold card, you can also request a CLI on the PCR. Hopefully, you'll get a decent starting limit and CLI.

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So its not a good idea to go after the Gold Visa Now?

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I don't know your profile, it may be another $3,500 starting limit if approved?

[recoveringfrombk7]

Woot woot!