Do PENFED cards grow?

[masscredit]

I've had my PENFED Power Cash Rewards card since July '17. It started at $3500. I reconned to $10k. No movement after that. I run a few thousand through it some months and other months it's just a few hundred.  

[FinStar]

IME, yes they grow, but it all depends on your overall profile (both external and internal). With PenFed, some things take time but YEMV.

I'm at their max/unsecured lending exposure for CCs ($50K).

[Anonymous]

I also got PCR in July of 2017 with 9k SL, got my first batch of offers on 10/1/18 with $41k on all their cards including PCR, called to claim my CLI and was told only 18k was preapproved and HP would be required for the full 41k, I opted for the SP 18k making total CL 27k. So yes, it might take a while but it can grow.

FICO 9 was in the 830's when the offers showed up, probably could have gotten the full 41k but didn't want to let my peoples down in the garden club.

[K-in-Boston]

I’m not sure about auto growth, but if you ask I find them to be fairly generous. I believe my Defender was approved for $7500. I got a BT offer later and asked for a CLI. Denied due to Max Revolving Limit or something cryptic like that. Called to recon and the Loan Officer was a dream and just asked how much I was looking for. I said $20k and she said done. My next approval for PCR was $10k last spring. In December I decided to roll the dice and asked for a CLI on my Defender and it came back instantly at $29,500. Using the same HP I tried on the PCR and it came back instantly at $19,500. So I have been at $49k for the past year and haven’t wanted to waste a HP to round those off to the maximum $50k. Their underwriting is also very income-dependent. Under 6 digits these days would be unlikely to see $50k.

[Gmood1]

I think I started with $14k, 3.6 years ago. I apped for another CC a month later and was denied. Called in to see if I could move CL to open the other card.
They told me it would process in a day or two. Some one opened the card. But never transfered any CL from my Cash Rewards. So I ended up with two $14k CCs instead of two $7k CCs. Lol
I eventually closed the old Amex they opened and moved it to the Cash rewards.

It stayed that way until November of last year. When I started receiving the SP pre-approvals. I've taken them up on 3 SPs so far. Bringing me to $45,700.
Right now I have a pre-approval of $4300 on the site, that would make it an even $50k
They have my individual income as $65k a year.

[Anonymous]

So you're saying more SP CLI offers could reappear for my PCR? How long did it take? Should I look forward to 1/1/19 review?

My reported income with them is also $65K, was frankly shocked with the $41k offers to be honest.

[Gmood1]

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@Anonymous wrote:

So you're saying more SP CLI offers could reappear for my PCR? How long did it take? Should I look forward to 1/1/19 review?

My reported income with them is also $65K, was frankly shocked with the $41k offers to be honest.

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For sure Oldman87! I've been receiving them every 3 to 4 months like clockwork. Since getting the first one. 

[Anonymous]

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@Gmood1 wrote:

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@Anonymous wrote:

So you're saying more SP CLI offers could reappear for my PCR? How long did it take? Should I look forward to 1/1/19 review?

My reported income with them is also $65K, was frankly shocked with the $41k offers to be honest.

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For sure Oldman87! I've been receiving them every 3 to 4 months like clockwork. Since getting the first one. 

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Good to hear, was disappointed when the $40k car loan offer disappeared after taking the SP CLI on PCR, might take that up if the rate is competitive later in 2019.

[Pikaboo-icu]

Yes they do.

My first PenFed card was the Promise SL $10,000. I barely use it- few charges here & there.

At exactly 6 months I logged in and found offers! Nearly fainted.

$8000 cli or SL on any of their cards. I choose the PCR.

$8000 increase after 6 months seems like pretty decent growth IMHO. 

My income is 68,000. uti< 2% 

Patience grasshopper, it will come.. 

[Anonymous]

My PenFed defender went from 5000 to 10000 with a Hard pull request. Was trying to do a large balance transfer and leave a cushion. This was two years ago.