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I was feeling pretty confident (and bored) since Penfed CLI'd me on my Platinum Rewards from 5k to 15K, then offered me quarterly loan offers. Pulled the trigger on the Powercash and got an instant 15K approval.
EQ 9 773
2% Util after spome road trip balances reported.
No new accounts in 15 months.
YOU...
CONGRATS @Scuderia on your PenFed PowerCash approval and the AWESOME SL!!!
Congrats, nice CLI
Nice, enjoy !
Congrats on your new PenFed Powercard card!
Congrats!
What factors are usually considered important for PenFed? I was rejected with a decent EQ FICO 8 and a good EQ FICO 9 (I think it was 777) a few months ago, but understandable due to the nature of my profile.
@KJinNC wrote:Congrats!
What factors are usually considered important for PenFed? I was rejected with a decent EQ FICO 8 and a good EQ FICO 9 (I think it was 777) a few months ago, but understandable due to the nature of my profile.
Did you get a letter citing the reasons for denial?
PenFed is a conservative lender. They are sensative to new accounts and pyramiding debt.
Generally, what's important to them and other lenders is decent income, low DTI.
Congrats on your PenFed Powercash approval. I have that card and love it.