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Penfed Powercash approval!

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man03999
Established Member

Penfed Powercash approval!

cli.jpg

Wow I'm shocked! Was applying for the auto loan and ended up with this! 

 

Im doing the happy dance now.

 

 

CSR - 16k | CSP- AU- 16k | AMEX BC 10k | Venture 7.7k | DISCOVER IT - 6.4k | Chase Freedom 2k

FICO08 EQ-722 | EX- 749 | TU- 733 6/2/17
Message 1 of 18
17 REPLIES 17
Jimp2323
Regular Contributor

Re: Penfed Powercash approval!


@man03999 wrote:

cli.jpg

Wow I'm shocked! Was applying for the auto loan and ended up with this! 

 

Im doing the happy dance now.

 

 


yeah, but now your are going to have to use your card to finance the car!Man Tongue

Message 2 of 18
Anonymous
Not applicable

Re: Penfed Powercash approval!

Wow!! Congratulations! This is awesome! Would you mind providing some data points about your profile. I would like to know what led to such an awesome approval. Thanks!

 

EDIT: I just didn't read your signature the first time...forget the data points...

Message 3 of 18
BPebbles
Frequent Contributor

Re: Penfed Powercash approval!

WOW!!! That's an awesome SL!!   Way to go!!

Message 4 of 18
SouthJamaica
Mega Contributor

Re: Penfed Powercash approval!


@Anonymous wrote:

Wow!! Congratulations! This is awesome! Would you mind providing some data points about your profile. I would like to know what led to such an awesome approval. Thanks!!


It seems that the PowerCash is being granted with unusually large starting limits. Mine was 38,500 which was 14,500 higher than my next highest starting limit at the time.

 

I moved most of it over to my Promise card.

 

I don't understand why they should be granting such large starting limits on a cash back card. How much can a person spend in a month without going broke?


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 5 of 18
AverageJoesCredit
Legendary Contributor

Re: Penfed Powercash approval!

No dont forget the datapoints, im on mobile so posting can help lots of people.

Thats an amazing sl. Im left wondering who runs Penfed, you or them lolSmiley Happy
Message 6 of 18
Anonymous
Not applicable

Re: Penfed Powercash approval!

Congrats, awesome limit!!!
Message 7 of 18
Anonymous
Not applicable

Re: Penfed Powercash approval!

WoW OP!!! I felt the Mike drop in Florida. Major congrats!🍾🎉🎊🎈🐬

Message 8 of 18
K-in-Boston
Epic Contributor

Re: Penfed Powercash approval!

Wow, that's incredible!  The NG2 score they used for me was 765 and I only got a $10k SL on my PCR (I have a $20k Defender and an auto refinance with them also).  Weird that they trust you with such a large line but nearly gave you the maximum APR.  When I start closing and combining accounts next year, I plan to ask for big CLIs from PenFed.  Enough about me - congrats, OP!

Message 9 of 18
bizarrocreditworld
Valued Contributor

Re: Penfed Powercash approval!

Anybody who can get a credit card that has a SL that is greater than 80% of my annual income must be doing something right. Congratulations!

No credit news is good credit news!
Message 10 of 18
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