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PenFed 1Q Pre Approvals

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Moderator

Re: PenFed 1Q Pre Approvals


@TryN2Rebuild wrote:

Can someone tell me which credit score PenFed uses when applying for a credit card?

Thanks


EQ09

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | 5/3rd | Synovus | Commerce | FNBO | Union Bank
Message 11 of 79
Contributor

Re: PenFed 1Q Pre Approvals

Ok so took a chance and clicked through the credit card offer. They acknowledged that I have the card and gave the option to increase credit limit - perfect! But to finalize, they need to know where to mail the new card. They mail a new card for a CLI??
FICO 8 (as of 9/2018) | EX: 811 | TU: 819 | EQ: 836
Inquiries | EX: 2 | TU: 1 | EQ: 1

PenFed Promise Visa $35,400 | NFCU More Rewards Amex $25,000 | Macy's $25,000 | NFCU Go Rewards Visa Sig $24,300 | Citi Simplicity Mastercard $21,000 | Synchrony Home (Mohawk) $17,600 | NFCU CLOC $15,000 | Bank Americard Mastercard $14,100 | Citi Costco Visa Sig $12,300 | PenFed Gold Visa $11,000 | Discover It $7,500 | Citi Diamond Preferred Visa $6,000 | Kohl's $3,000

Message 12 of 79
Regular Contributor

Re: PenFed 1Q Pre Approvals

So I signed up for Credit Check total but they don't provide that score. How can I tell what my EQ09 score is?

 

Thanks

Message 13 of 79
Community Leader
Super Contributor

Re: PenFed 1Q Pre Approvals


@DCnDC wrote:
Ok so took a chance and clicked through the credit card offer. They acknowledged that I have the card and gave the option to increase credit limit - perfect! But to finalize, they need to know where to mail the new card. They mail a new card for a CLI??

No, they won't mail out another card. For some reason the system will give you the same lingo as those that opt for a new card.

 

Message 14 of 79
Super Contributor

Re: PenFed 1Q Pre Approvals

No offers for me, but an updated EQ09 score...  704!  Woot!

Last inquiry 31 January 19. Going for Gold!

Zero percent financing is where the devil lives...
Message 15 of 79
Contributor

Re: PenFed 1Q Pre Approvals

Thanks @Gmood1 ... my session timed out and when I logged back in, all my offers were gone. But found my pending application and completed it. Woohoo! If no issues, that takes my $10,500 PenFed Promise Visa to $35,400!
FICO 8 (as of 9/2018) | EX: 811 | TU: 819 | EQ: 836
Inquiries | EX: 2 | TU: 1 | EQ: 1

PenFed Promise Visa $35,400 | NFCU More Rewards Amex $25,000 | Macy's $25,000 | NFCU Go Rewards Visa Sig $24,300 | Citi Simplicity Mastercard $21,000 | Synchrony Home (Mohawk) $17,600 | NFCU CLOC $15,000 | Bank Americard Mastercard $14,100 | Citi Costco Visa Sig $12,300 | PenFed Gold Visa $11,000 | Discover It $7,500 | Citi Diamond Preferred Visa $6,000 | Kohl's $3,000

Message 16 of 79
Moderator Emeritus

Re: PenFed 1Q Pre Approvals

Once again, I checked, and still nothing.  Ah well good thing I can be entertained by FICO scores!

 

790 EQ FICO 9 with a 30D late from April 2018, starting to wonder if I can break 800 on that score even with a late.

 




        
Message 17 of 79
Regular Contributor

Re: PenFed 1Q Pre Approvals

I'm tempted to apply for a PenFed card they are showing my Fico9 score as 686. I have a BK that is 4 years old. I have 5 inqs in the last six months and no lates since BK. My DTI is 5%. Thoughts?

 

Thanks

Message 18 of 79
Frequent Contributor

Re: PenFed 1Q Pre Approvals

No new offers for me either.Smiley IndifferentSmiley Indifferent

 

PenFed shows Equifax FICO 9 of 760+, dated 12/4/2018. I have been a member for about 8-9 months so perhaps I need to wait for 1 more cycle to start getting offers, who knows.

 

Question: Is this normal for PenFed to use a slightly old (12/4) score when determining eligibility for 2019 Q1 offers?

 

Thanks!!!

Message 19 of 79
Community Leader
Super Contributor

Re: PenFed 1Q Pre Approvals


@seattlecredit08 wrote:

No new offers for me either.Smiley IndifferentSmiley Indifferent

 

PenFed shows Equifax FICO 9 of 760+, dated 12/4/2018. I have been a member for about 8-9 months so perhaps I need to wait for 1 more cycle to start getting offers, who knows.

 

Question: Is this normal for PenFed to use a slightly old (12/4) score when determining eligibility for 2019 Q1 offers?

 

Thanks!!!


Yes this is normal. Sometimes the offers don't pop up at the same time as others. Check through the rest of the month. Yours may show up later.

It's a hit or miss. I have a brother that has the offers and a cousin that has no offers. My cousin scores are all in the upper 800's.

While my brother's are in the mid 700 range. They both have an active auto loan and one CC with Penfed for roughly two years now.

Message 20 of 79