cancel
Showing results for 
Search instead for 
Did you mean: 

Surprising PenFed Approval

ItsPossible
Valued Contributor

Surprising PenFed Approval

Hey Fico Fam.

 

So I've had the PenFed Power Cash Rewards Card since October 2017 with a CL of $4000. They wouldn't raise it the one time I took a hard pull for it. And I've never had any offers on my account.

 

Well, I never really used the card because I had other 2% cards and I got tired of leaving $500 in their checking account and earning little interest. So, I closed out the checking account. The card was now 1.5%. I wanted to PC over to the Pathfinder because of the incidental airline credits, global entry, etc. But, as reported here, a PC means applying for the new card and moving the credit limit of the old card over. 

 

Well, I bit the bullet and applied. My thought was, if I am not approved (which I knew I would not be), I would take the HP, close the card, my savings and move on from PenFed.  

 

I applied over the phone. The guy comes back and says "Congrats-You've been approved for $15,000." I almost fell out of bed I was so stunned. I can't really remember the APR because my mind was like cotton candy. But I think it was 15.64 or something like that. I also got the the SUB offer which he says every member who is approved receives. Also, he sent a message to move the Cash Rewards limit to the PathFinder for a Total CL of $19,000. 

 

DP:

They pulled EQ: 4 or 5 inquiries. 

Fico EQ 8 - 721 Fico EQ 9 - 755

BK7 - a little over 5 years

AAOA  - 8+ years

 

Decided to do it now bc the new Delta Plat and NFCU Flagship are not reporting yet. Happy with the outcome. And still very surprised. 

 

 

"Hover mouse over cards to see CL and APR info"


Message 1 of 31
30 REPLIES 30
JAG73
Moderator

Re: Surprising PenFed Approval

Congrats on your approval! 👍🏾

Got some pruning to do... No more new cards!
Message 2 of 31
Saeren
Mega Contributor

Re: Surprising PenFed Approval

Very nice, congratulations!





Message 3 of 31
gdale6
Moderator

Re: Surprising PenFed Approval

A nice SL, grats on the approval Smiley Happy
Message 4 of 31
Marz2002
Valued Contributor

Re: Surprising PenFed Approval

BOOM !!!...You...

awesome congratulations GIF by Slanted Studios

BIG  CONGRATS  on your PenFed Pathfinder approval, the AWESOME SL, and Thanks for the DPs!!! 

AMEX BCE $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $13.7K | Citi AAdvantage WEMC $14K | Citi Costco VS $12K
Discover IT $19K | OpenSky $300 | BB&T Cash Rewards $4.5K | Synchrony (PayPal Credit $4K, Care Credit $15K, & PayPal 2% MC $10K) |
BBVA Compass Rewards VS $10.5K | NFCU cashRewards $3K | NFCU More Rewards AMEX $33.5K | NFCU Flagship VS $19K
Macy's AMEX $18K | Apple Card WEMC $6K | PenFed Power Cash Rewards VS $7.5K

TCL - $211K+ | Rebuilding since April 2018
Message 5 of 31
AnimalHouse121
Valued Contributor

Re: Surprising PenFed Approval

Congrats on your approval and killer SL!!
Message 6 of 31
James_A
Valued Contributor

Re: Surprising PenFed Approval

Nicely played, IP. Congratulations!

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (3/12/2021): FICO 08 EXP: 748; TU: 755; EQ: 773
2020 Goal Score: 760 across the board


Take the myFICO Fitness Challenge
Message 7 of 31
AverageJoesCredit
Mega Contributor

Re: Surprising PenFed Approval

Outstanding PossySmiley Happy. Glad your experience was a positive oneSmiley Happy
Message 8 of 31
Remedios
Moderator

Re: Surprising PenFed Approval

Congrats on your approval
Message 9 of 31
Dirge
New Contributor

Re: Surprising PenFed Approval


@ItsPossible wrote:

 

I applied over the phone. The guy comes back and says "Congrats-You've been approved for $15,000." I almost fell out of bed I was so stunned. 

 

______________________

 

Other than the great approval, my favorite part of this story is that you applied while you were in bed. Like, whichever way it went you were free to collapse, in jubilation or ennui, without fear of injury. 

 

 

 

 


 

Message 10 of 31
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.