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Thanks PenFed for the extra $10K!

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Community Leader
Mega Contributor

Re: Thanks PenFed for the extra $10K!


@Aim_High wrote:

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


Nice job @Aim_High  Mission AccomplishedSmiley Happy

Message 31 of 40
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Valued Contributor

Re: Thanks PenFed for the extra $10K!


@AverageJoesCredit wrote:

@Aim_High wrote:

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


Nice job @Aim_High  Mission AccomplishedSmiley Happy


 

Thanks AJC! Smiley Happy

 

https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fraykliu.files.wordpress.com%2F2013%2F11%2Fmission-accomplished-1.gif&f=1&nofb=1



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 32 of 40
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Established Contributor

Re: Thanks PenFed for the extra $10K!

Congrats

Scores as of May 21, 2020
EQ- 778, EX-770 and TU 772
Message 33 of 40
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Established Contributor

Re: Thanks PenFed for the extra $10K!

Congrats @Aim_High  good work 25K is sufficient for now ... when you guys get tired let me know i will start Smiley LOL

 

_______________R.a.j

Profile Worth 1.5M+
___________R.a.j
Message 34 of 40
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Valued Contributor

Re: Thanks PenFed for the extra $10K!


@Mahraja wrote:

Congrats @Aim_High  good work 25K is sufficient for now ... when you guys get tired let me know i will start Smiley LOL

 

_______________R.a.j


Thanks RAJ! 

So what is this, a relay race? 

Do we all get to share in the prize ... your 1.5M?  Lol Smiley Tongue

Now THAT is nice work, my friend. 

But I'm proud of getting most of my limits to my goal of $25K per card. 



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 35 of 40
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Valued Contributor

Re: Thanks PenFed for the extra $10K!

Congrats on the approval despite the HP. I wish more lenders would only do a SP. Wonder why the difference exists?

Message 36 of 40
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Valued Contributor

Re: Thanks PenFed for the extra $10K!

Congrats!  


AX Hilton Aspire 20k, AX Bonvoy Brilliant 15k, AX BCP 2k, AX Blue Bus Cash 15k, AX Delta Air Platinum 49k, (AU) AX Delta Gold 15k, AX Amazon Prime Bus 25k, BC Uber 29k, AKUSA FCU -10k , CITI AAdvantage Exec World Elite MC 16.5k, Discover (2) 16k, Kohls-4k, VS Comenity $3k, BofA AK Air Siggy 9.8k, WF Propel AX 5k, JCP $10k PFCU Plat Rewards Siggy 39.5k, PFCU Power Cash Rewards AX 10.5k, NFCU Flagship 50k, CLOC 15k, CITI Costco 9.5k, GAP VISA Synchrony $9k,Target MC 9k, Ulta MC Comenity 9k, Pay Pal 1k, CO Venture One 23k, US Bank Radisson Rewards Signature 10k, US Bank Fred Meyers World MC, 11k, US Bank Plat VISA 15.7k, VS Comenity 2k, 240k total available credit. Utiliz-2%, Current FICO EQ-724, EX 763,TU 802 ,Chapt 7 BK D/C 11-2012. Starting scores 520-550
Message 37 of 40
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Frequent 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!


Got me thinking.Smiley Very Happy.  I am at 6 months mark with the first card that I opened 11/12/2019 CL of $15,000, but the second card I got on 1/17/2020 CL of $10,000 after submitting POI. Should I request a CLI for the first card or wait for the second to reach 6 months also and put a request for both. If my logic is right I should give it more time. Why? that's a good question to ask Mr logic, so please allow me to tell you why. First of all, my second card got lower CL, so I may be on the edge with Penfed at the moment. second, if I wait till 7/17/20 I can hit two birds with one HP. Friends what do you think?






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Message 38 of 40
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Established Member

ice Re: Thanks PenFed for the extra $10K!

@Aim_High 

 

Nice job!

 

If you're familiar with Reddit, you'll know what this means:

 

Username checks out!







Message 39 of 40
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Super Contributor

Re: Thanks PenFed for the extra $10K!


@jazmar wrote:

@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!


Got me thinking.Smiley Very Happy.  I am at 6 months mark with the first card that I opened 11/12/2019 CL of $15,000, but the second card I got on 1/17/2020 CL of $10,000 after submitting POI. Should I request a CLI for the first card or wait for the second to reach 6 months also and put a request for both. If my logic is right I should give it more time. Why? that's a good question to ask Mr logic, so please allow me to tell you why. First of all, my second card got lower CL, so I may be on the edge with Penfed at the moment. second, if I wait till 7/17/20 I can hit two birds with one HP. Friends what do you think?


@jazmar .Maybe wait and request CLI for both?

Message 40 of 40
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