cancel
Showing results for 
Search instead for 
Did you mean: 

Penfed Gold Card approved - bit disappointed

tag
Anonymous
Not applicable

Penfed Gold Card approved - bit disappointed

SL of 10k with APR @Anonymous percent. Disappointed with the rate - thought I could do better with EQ at 761, util less than 3 percent.

Wondering what would qualify for the best rate? Can I product change to the card with rewards this early?

Message 1 of 21
20 REPLIES 20
AllZero
Mega Contributor

Re: Penfed Gold Card approved - bit disappointed

Congratulations on your approval!

Message 2 of 21
Anonymous
Not applicable

Re: Penfed Gold Card approved - bit disappointed

TY. Good news is I got to know what the latest EQ score is as I just saw an email from PenFed and they had the score at 780.

 

Which hopefully meant the 60 day derog back on Nov 13 is deleted!

 

Now off to see if 800s are possible!

Message 3 of 21
lhcole77
Valued Contributor

Re: Penfed Gold Card approved - bit disappointed


@Anonymous wrote:

SL of 10k with APR @Anonymous percent. Disappointed with the rate - thought I could do better with EQ at 761, util less than 3 percent.

Wondering what would qualify for the best rate? Can I product change to the card with rewards this early?


Congrats on the new card. I am considering this one as well.

 

From my experience, APR has been determined by other aspects of my report (e.g. INQs, new accounts, AAoA, AAoCC, etc.)

 

How does your full report look? What makes up that score?

Message 4 of 21
AllZero
Mega Contributor

Re: Penfed Gold Card approved - bit disappointed


@Anonymous wrote:

TY. Good news is I got to know what the latest EQ score is as I just saw an email from PenFed and they had the score at 780.

 

Which hopefully meant the 60 day derog back on Nov 13 is deleted!

 

Now off to see if 800s are possible!


You're welcome. Congratulations on your score success. PenFed provided the EQ9 score.

 

$1 you can obtain your 3 bureau FICO 8 scores and reports at Experian or CreditCheckTotal (part of Experian). Cancel in 7 day or less to avoid the re-occurring monthly charge. Wash, Rinse, and Repeat as needed.

AnnualCreditReport. Free weekly 3 bureau online reports through April 2021.

Message 5 of 21
Meanmchine
Super Contributor

Re: Penfed Gold Card approved - bit disappointed

Congrats !

 

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>5/2023 All 3 reports 840ish (F8) F9s = 850 but my app finger is still twitching
Message 6 of 21
M_Smart007
Legendary Contributor

Re: Penfed Gold Card approved - bit disappointed

Congratulations on your Approval..

Message 7 of 21
Anonymous
Not applicable

Re: Penfed Gold Card approved - bit disappointed

@lhcole77 
EQ inquiries - the latest two was last week when I asked for a CLI (CITI BB), and DCU (card and motorcycle loan) Jan 2020; not counting those there were five from Sept 18.
From 7/20 pull
AAoA: 5 years 4 months
Oldest account: 14 years, most recent Mar 2020.



Message 8 of 21
lhcole77
Valued Contributor

Re: Penfed Gold Card approved - bit disappointed


@Anonymous wrote:

@lhcole77 
EQ inquiries - the latest two was last week when I asked for a CLI (CITI BB), and DCU (card and motorcycle loan) Jan 2020; not counting those there were five from Sept 18.
From 7/20 pull
AAoA: 5 years 4 months
Oldest account: 14 years, most recent Mar 2020.




Total speculation here, but could be new account and INQs. Those are part of "credit seeking" scoring, and when my APRs have been the highest, my new accounts and INQs were also the highest.

Message 9 of 21
mrcraft
Valued Contributor

Re: Penfed Gold Card approved - bit disappointed

Congratulations on your approval!!



Message 10 of 21
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.