Starting limit for chase and PenFed

[Anonymous]

Hey guys! 

So i have two approvals that i was curious about. The first was the chase sapphire preferred got a sl of 16,600 which shocked me quite a bit, and i also joined PenFed where they approved me for an auto refinance of 30,000 and a auto loan of 23,000 with decent interest rats and i was surprised when the customer service rep asked if i wanted to apply for the PenFed Gold. I ended up pulling the trigger and got approved with a sl of 3,500 is this decent considering the other two loans they gave me? Im new to pen fed and not entirely sure how gracious they are

thanks!

[AllZero]

Congratulations on your approvals!

[Credit4Growth]

Congratulations on the handful of approvals! 👍

How long have you been a member of PenFed?

[Anonymous]

Joined 2 days before I applied

[MyFault]

Congrats on your approvals!

[Credit4Growth]

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@Anonymous wrote:

Joined 2 days before I applied

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I get the impression from these boards that Navy tends to offer a generous SL more so than Penfed concerning the larger mass of people with average or above average credit profiles, including scores.

At the same time I had a thought that crossed my mind concerning exposure and a short history with PenFed, just as I believe you did.

Personally I do not have a great deal of experience with credit unions as of yet (just over 2 years myself). 

I just wanted to share my thoughts you. 

I think you asked a great question and soon enough PenFed members may chime in. 

[fsalsa2]

Congrats! 

[Anonymous]

Congratulations on your approvals!

[cashorcharge]

That's great!!  Double Congratulations on your approvals!!

[M_Smart007]

Congratulations!