Not the PenFed I read about...

[Caught750]

I'm angry over the entire experience at this point. Customer service has been rude and dismissive on top of providing inaccurate information.

Beyond that my Fico9 scores are significantly higher which is what they use. If you use FICO9 scores and they are much better it stands to reason that they'd match your highest limit from a lower FICO8 score. Discover handed out a much higher limit with much lower than current FICO8 scores. That said I did expect a higher limit. You're looking at a small part of a credit profile (cards and nothing more).

I'm not necessarily angry with the limit however their internal policies make a 1k limit difficult to use in some circumstances.

I'm not here to be argumentative, I'm simply stating that my experience has been nothing comparable to what I've read about.

[Anonymous]

So, what's the part of your credit profile that you haven't discussed?  In all honesty your credit scores are considered "sub prime" and your credit lines reflect that assessment.

No lender is obligated to grant you credit simply because you think you deserve it.

[Caught750]

I said no such thing so please don't assume that you I believe someone is required or obliged to do anything. I simply said that "it was not what I expected" also the limit has little to do with my disappointment . I in no way said "they're obligated to give me more because I want it". I don't know and would not assume that I know what or how you think.

[Caught750]

Also, I have a solid credit mix, AAoA of 6 years, oldest account of 13 years, and no negatives in the last 5.5 years. The negatives that I do have have been settled and stemmed from a messy divorce

[Anonymous]

Hmmm...

[Caught750]

Yes, actually read it, current revolving only. There are several older revolving accounts as well. If you feel the need to be condescending please do so with someone else.

[Anonymous]

Penfed is conservative. They gave you a credit card. I am not sure what you are complaining about. I don't see anything special about their cards or Discover cards either.

I got turned down for Penfed card when my FICO score was 580 with income close to 200k. NFCU gave me 7500 at the same point. Even now I get over 20k limits from Chase and BOA but Amex gives me 1k. Different banks different lending criteria.

[jbsilva21]

Well, you are lucky. No credit union wants to loan me money nor give me a cc. Not sure why. I have tried them all. NFCU, Penfed, Nasa, Justice, and Alliant. Sorry for your bad luck.

[Caught750]

Thanks jbsilva! Didn't I just see you pickin up some prime stuff from other lenders? Glad you're having some luck

[jbsilva21]

Yes, I am new to the prime world. Thanks. Anyway don't let the CUs and haters have the satisfaction of this insult. There are plenty of others that want your business. I have read that Penfed can be a bit over cautious.