Penfed Approvals (Gold and PCR) - is a 3rd possibl... - myFICO® Forums

ccpat · ‎10-08-2021

I've been trying to get a Penfed forever and just didn't have the score/file for a card. Finally today after reading a few threads I pulled the trigger and was approved for the gold with a 667 score on the Penfed site. $7500 limit. I'm doing my happy dance!!! Nice way to go into the weekend with a card that will help my Util.

Problem is I got a little too excited and pulled the trigger also for the Power Cash Rewards and then got the "Under Review" message. I guess I should have done more research about apping for multiples back to back.

Should I have waited or is it OK to app back to back with Penfed? Also, when should I try a CLI or does Penfed do auto increases?

Thanks!!!

CreditPacMan · ‎10-08-2021

Congrats on the approval and the nice SL.

Current Cards:

PandaGirl77 · ‎10-08-2021

Congratulations on your approval! Unfortunately cannot answer your other questions but there are so many knowledgeable people here that will. Love these forums!

coreyb80 · ‎10-08-2021

Congrats on the approval. Back to back apps are fine, actually encouraged, since they're going to use the same pull for both applications.

M_Smart007 · ‎10-08-2021

Congrats on your PenFed Gold approval.

FinStar · ‎10-08-2021

@ccpat wrote:
I've been trying to get a Penfed forever and just didn't have the score/file for a card. Finally today after reading a few threads I pulled the trigger and was approved for the gold with a 667 score on the Penfed site. $7500 limit. I'm doing my happy dance!!! Nice way to go into the weekend with a card that will help my Util.

Problem is I got a little too excited and pulled the trigger also for the Power Cash Rewards and then got the "Under Review" message. I guess I should have done more research about apping for multiples back to back.

Should I have waited or is it OK to app back to back with Penfed? Also, when should I try a CLI or does Penfed do auto increases?

Thanks!!!

Congrats on your PenFed Gold approval @ccpat 🥳.

Yes, one can apply back-to-back for another card but results will vary. Some folks have been approved while others have not -- it's all profile-specific.

As far as auto-CLIs, those are fairly rare with PenFed. They're typically HP if you request one. Another DP to keep in mind is that their Gold card caps at $15K, IIRC.