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Penfed Approvals (Gold and PCR) - is a 3rd possible?

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greatscott85
Frequent Contributor

Re: Penfed Approval

Congratulations on the Gold! A solid BT card. 

i actually just spent about an hour discussing cli's and multiple apps. FWIW, you can call them and they are super helpful. Very transparent, especially compared to other financial institutions. 

They will most likely use the same pull for the two apps you did. Auto cli is not really a thing. Albeit, it may happen. They also do not have strict guidelines like Navy Fed (think about the 91/3 or 181/6). However, don't expect to get one every month. I'm at 4 months with my PCR and have contemplated the pull but honestly, my usage is pretty low. The usage will be small part in the cli evaluation. A separate cli request is almost always an HP. Unless the preapproval is shown on your profile. I would also mention, when you do a cli, they also look to determine if you are eligible for an interest rate reduction! They look at the credit score for the rate and the income for the limit.

 

Hopefully that helps! Congrats again!  

Message 11 of 25
Sub16610
Established Contributor

Re: Penfed Approval

Congrats on your approval!

Message 12 of 25
Total80sKid
Senior Contributor

Re: Penfed Approval

Congrats on your Gold Visa approval 👍🏼

Message 13 of 25
CreditAggie
Community Leader
Super Contributor

Re: Penfed Approval

Congratulations on your PenFed approval!

Current Cards (in order of approval):


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

Message 14 of 25
Papa_Bear
Frequent Contributor

Re: Penfed Approval

Congrats on the approval!




Message 15 of 25
Anonymous
Not applicable

Re: Penfed Approval

Congrats on the Gold!!! Eagerly awaiting the DPs and the PCR approval update. Interesting thing is they can't try to counter you with a Gold offer because you already have it unless they offer you 2 Smiley Very Happy

Message 16 of 25
cashorcharge
Community Leader
Super Contributor

Re: Penfed Approval

Congratulations on your PF approval!! 🎉🥂👏🏻

Message 17 of 25
gdale6
Moderator Emeritus

Re: Penfed Approval

Grats on getting the gold card approval Smiley Happy

Message 18 of 25
Libra85
Regular Contributor

Re: Penfed Approval


@greatscott85 wrote:

Congratulations on the Gold! A solid BT card. 

i actually just spent about an hour discussing cli's and multiple apps. FWIW, you can call them and they are super helpful. Very transparent, especially compared to other financial institutions. 

They will most likely use the same pull for the two apps you did. Auto cli is not really a thing. Albeit, it may happen. They also do not have strict guidelines like Navy Fed (think about the 91/3 or 181/6). However, don't expect to get one every month. I'm at 4 months with my PCR and have contemplated the pull but honestly, my usage is pretty low. The usage will be small part in the cli evaluation. A separate cli request is almost always an HP. Unless the preapproval is shown on your profile. I would also mention, when you do a cli, they also look to determine if you are eligible for an interest rate reduction! They look at the credit score for the rate and the income for the limit.

 

Hopefully that helps! Congrats again!  

thanks for the DP. New member myself and was wondering about CLI on my PCR card. I think I'll wait 6-12 months before taking a HP. 


 







October 2021
Message 19 of 25
Anonymous
Not applicable

Re: Penfed Approval

Congrats on your approval!  I just got approved for the PCR and back to back applied for the Gold, and my Gold app went under review, so in a similar boat, keep us posted on your result!

Message 20 of 25
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