cancel
Showing results for 
Search instead for 
Did you mean: 

Thanks PenFed for the extra $10K!

Highlighted
Valued 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



Updated 05/18/2020
Total Length of Credit = 35+ years; AoOA (Currently open accounts) = 26+ years;
AAoA = 8+ years; AoYA = less than 1 year (April 2020)
Total Open Credit Lines Over $492K. Utilization Less Than 1%. Inquiries until Nov 2020 (TU:2 -- EQ:4 -- EX:6)
*Hover cursor over each card to see name & CL, or press & hold on mobile app.
Message 1 of 40
39 REPLIES 39
Highlighted
Super Contributor

Re: Thanks PenFed for the extra $10K!

Congratulations on your CLI!
Message 2 of 40
Highlighted
Super 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 40
Highlighted
Valued 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.



Updated 05/18/2020
Total Length of Credit = 35+ years; AoOA (Currently open accounts) = 26+ years;
AAoA = 8+ years; AoYA = less than 1 year (April 2020)
Total Open Credit Lines Over $492K. Utilization Less Than 1%. Inquiries until Nov 2020 (TU:2 -- EQ:4 -- EX:6)
*Hover cursor over each card to see name & CL, or press & hold on mobile app.
Message 4 of 40
Highlighted
Super 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 40
Highlighted
Mega Contributor

Re: Thanks PenFed for the extra $10K!

Congratulations on your CLI

Message 6 of 40
Highlighted
Valued Contributor

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

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (05/20/2020): FICO 08 EXP: 743; TU: 751; EQ: 759
2020 Goal Score: 760 across the board


Take the myFICO Fitness Challenge
Message 7 of 40
Highlighted
Mega 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 40
Highlighted
Mega 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 40
Highlighted
Super 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 40
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.