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Thanks PenFed for the extra $10K!

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Aim_High
Super Contributor

Thanks PenFed for the extra $10K!

To soften the blow from my recent AMEX denial (for too many new accounts), PenFed was nice enough to give me a CLI on my PenFed Power Cash Rewards VisaSmiley Very Happy

 

The card was approved in November with SL of $15K.  I put in for CLI at exactly six months later.  It went under review for 24 hours and I was approved for a $10K increase to new limit of $25K!  Sweet!  That was my goal for that card.  I've heard that is normally the maximum per card PenFed will now authorize for new cardholders. 

 

* * UPDATE * * 

Edit to Add:  I reported in-thread this might be a SOFT PULL CLI as some have reported more SPs lately with PenFed.  I checked my EQ report this morning and it was a HARD PULL as is typical for PenFed.   Still, a nice CLI for a Hard Pull, so I'm satisfied!

 

PenFed_PCR_CLI_20200519.jpg


Business Cards


Length of Credit > 40 years; Total Credit Limits >$850K
Top Lender TCL - Chase 156.4 - BofA 99.7 - AMEX 95.0 - CITI 94.5 - NFCU 80.0
AoOA > 30 years (Jun 1993); AoYA (Aug 2023)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 1 of 43
42 REPLIES 42
AllZero
Mega Contributor

Re: Thanks PenFed for the extra $10K!

Congratulations on your CLI!
Message 2 of 43
AllZero
Mega Contributor

Re: Thanks PenFed for the extra $10K!

Spin the wheel and try your luck for a 2nd card? 😝 Maybe get away with the same pull?
Message 3 of 43
Aim_High
Super Contributor

Re: Thanks PenFed for the extra $10K!


@AllZero wrote:
Spin the wheel and try your luck for a 2nd card? 😝 Maybe get away with the same pull?

Good idea ... except that it was (apparently) a soft pull since I haven't been alerted to a credit report change and rumor-has-it that PenFed is doing SP CLIs now-a-days.   Plus the other thing is that recent AMEX denial for too many new cards.  I think I need to lay low for awhile.  Off to the garden!   But sometime in the next year or so, I'll be back for seconds with PenFed!  Maybe they will have the new and improved Pathfinder card available by then!  Or a refresh of the Platinum Rewards! 

 

ETA:  This was a HARD PULL CLI on Equifax.


Business Cards


Length of Credit > 40 years; Total Credit Limits >$850K
Top Lender TCL - Chase 156.4 - BofA 99.7 - AMEX 95.0 - CITI 94.5 - NFCU 80.0
AoOA > 30 years (Jun 1993); AoYA (Aug 2023)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 4 of 43
AllZero
Mega Contributor

Re: Thanks PenFed for the extra $10K!

Soft pull CLI? That's even better! Wise choice to lay low. I'm waiting on that Pathfinder too.
Message 5 of 43
M_Smart007
Legendary Contributor

Re: Thanks PenFed for the extra $10K!

Congratulations on your CLI

Message 6 of 43
Anonymous
Not applicable

Re: Thanks PenFed for the extra $10K!


@Aim_High wrote:

.. .rumor-has-it that PenFed is doing SP CLIs now-a-days ...

I hadn't heard that rumor -- have a link or more info? 

 

Congrats! on your 10k CLI - that is sweet! Smiley Happy

Message 7 of 43
M_Smart007
Legendary Contributor

Re: Thanks PenFed for the extra $10K!


@Aim_High wrote:

I was approved for a $10K increase to new limit of $25K!  Sweet!  That was my goal for that card.  I've heard that is normally the maximum per card PenFed will now authorize for new cardholders. 

 


@Aim_High, Rules are meant to be broken!

 

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/PenFed-PCR-Visa-11-500-CLI-Approved/m-p/59701...

Message 8 of 43
M_Smart007
Legendary Contributor

Re: Thanks PenFed for the extra $10K!


@AllZero wrote:
Spin the wheel and try your luck for a 2nd card? 😝 Maybe get away with the same pull?

@AllZero, Bad influence...just bad!

Message 9 of 43
AllZero
Mega Contributor

Re: Thanks PenFed for the extra $10K!


@M_Smart007 wrote:

@AllZero wrote:
Spin the wheel and try your luck for a 2nd card? 😝 Maybe get away with the same pull?

@AllZero, Bad influence...just bad!


I need to sell cards and get PenFed to send me commission checks. 😉

Message 10 of 43
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