Penfed Power Cash Rewards Visa Signature Approval

[practical1]

Congrats!  Excellent result.

Would you be kind enough to share more details?  Your FICO scores, income and other credit stats?  This will help the rest of us understand how PenFed is viewing applications, these days.

Thanks.

[Anonymous]

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@practical1 wrote:

Congrats!  Excellent result.

Would you be kind enough to share more details?  Your FICO scores, income and other credit stats?  This will help the rest of us understand how PenFed is viewing applications, these days.

Thanks.

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Sure. My EQ scores are EQ8 - 809, EQ9 - 817. 5% Util. AAoA - 7 yrs 4 mnths.  My income is 161k. 

[Anonymous]

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@raisemysc0re wrote:

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@Anonymous wrote:

Yeah, I don't know the reason for that. The Pathfinder was an instant approval and the PCR was an conditional approval provided that I gave proof of income. Either way, I'm happy I have 45k between the two cards. 

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@raisemysc0re wrote:

Congrats on the 2 approvals with great SL's...

Interesting that they gave you less on the 1st card (20K Path) then they did on your 2nd (25K on PCR)???

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Either way... GREAT job scoring big limits...

Maybe a recon to the Path would push that up to 25K as well?

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No, I won't be doing that. Lol. I'm satisfied with my current limits 😊

[mgood]

I have read, here and elsewhere (but not on anything official from PenFed) that $25k is the max they give on any card and there's a $50k max total across all cards you have with them. So you're already at 25 on one card and 45 total.

[Anonymous]

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@mgood wrote:

I have read, here and elsewhere (but not on anything official from PenFed) that $25k is the max they give on any card and there's a $50k max total across all cards you have with them. So you're already at 25 on one card and 45 total.

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Oh wow, I wasn't aware of that (if true). Just glad I was able to start my CC relationship with them at these limits. 

[mgood]

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@Anonymous wrote:

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@mgood wrote:

I have read, here and elsewhere (but not on anything official from PenFed) that $25k is the max they give on any card and there's a $50k max total across all cards you have with them. So you're already at 25 on one card and 45 total.

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Oh wow, I wasn't aware of that (if true). Just glad I was able to start my CC relationship with them at these limits. 

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Yeah, those are great SLs! Don't have to worry too much about getting increases though.

Mine still have a little room to grow; $6.5k + 10k + 17.5k = $34k. So I have a ways to go to catch up with you, lol, but my income is about 1/3 of yours. Like you, I applied for two cards back-to-back to get them on the same pull, and they asked for POI for the second one.