Penfed

[Anonymous]

7/31 Just joined Penfed with $10 in savings

7/31 Platinum rewards Visa Signature 25K approved instant

8/5 Tried for  Travel rewards Amex went for review

8/6 message from Penfed "You presently have the maximum aggregrate credit limit based on PenFed debt structure. Would you like to reduce the limit of your current Visa Signature card to accommodate the new account? If so, please indicate by how much."

lowered Visa to 20k and made Amex 5k

Is this normal for Penfed ?

What are the chances of CLI for both cards ?

my first post btw

[Anonymous]

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@Anonymous wrote:

7/31 Just joined Penfed with $10 in savings

7/31 Platinum rewards Visa Signature 25K approved instant

8/5 Tried for  Travel rewards Amex went for review

8/6 message from Penfed "You presently have the maximum aggregrate credit limit based on PenFed debt structure. Would you like to reduce the limit of your current Visa Signature card to accommodate the new account? If so, please indicate by how much."

lowered Visa to 20k and made Amex 5k

Is this normal for Penfed ?

What are the chances of CLI for both cards ?

my first post btw

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Congratulations to you!...Thanks for sharing.

[baller4life]

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@Anonymous wrote:

7/31 Just joined Penfed with $10 in savings

7/31 Platinum rewards Visa Signature 25K approved instant

8/5 Tried for  Travel rewards Amex went for review

8/6 message from Penfed "You presently have the maximum aggregrate credit limit based on PenFed debt structure. Would you like to reduce the limit of your current Visa Signature card to accommodate the new account? If so, please indicate by how much."

lowered Visa to 20k and made Amex 5k

Is this normal for Penfed ?

What are the chances of CLI for both cards ?

my first post btw

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First of all welcome to MF. Yes this is normal for Penfed. They will both grow. There is a $50k max aggregate limit for their credit cards. So you have room for growth.

[tussking]

Very normal ! I started with Amex 15k they let me move 2.5k to cash rewards....Use it well I just got a 2.5k cli on the amex at day 72.

good luck !

[Anonymous]

Congrats!! Welcome to the PenFed Family. They will grow with responsible use!!

[iwant700fico]

Congrats on your approval.  Did they verify income?

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@Anonymous wrote:

7/31 Just joined Penfed with $10 in savings

7/31 Platinum rewards Visa Signature 25K approved instant

8/5 Tried for  Travel rewards Amex went for review

8/6 message from Penfed "You presently have the maximum aggregrate credit limit based on PenFed debt structure. Would you like to reduce the limit of your current Visa Signature card to accommodate the new account? If so, please indicate by how much."

lowered Visa to 20k and made Amex 5k

Is this normal for Penfed ?

What are the chances of CLI for both cards ?

my first post btw

C

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[Anonymous]

No they did not ask me to verify anything additional other than what I put in the online application

[baller4life]

Please share your approval stats in the thread below. The questions are listed in the first post of the thread. Just copy and post them with your answers. Thanks in advance and congrats!

http://ficoforums.myfico.com/t5/Credit-Card-Applications/Pentagon-Federal-Credit-Union-Data-Share/m-...