PenFed 4th Q Pre Approve

[DCnDC]

Got my first offers, been a member of PenFed for about 4.5 years but just got a credit product with them in June. Was hoping for a CLI offer but all loan offers ($50k auto loan, etc). Oh well, better luck next time. I'll take my 828 FICO and keep it moving...

[UpperNwGuy]

What's a POI?

[UncleB]

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@UpperNwGuy wrote:

What's a POI?

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In this context, proof of income. 

(I'm going to add it to the abbreviations sticky post.)

[Anonymous]

I have various offers for new and used vehicles/boats. But way more exciting is my 720 FICO09 score

[rbentley]

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@CreditCuriosity wrote:

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@coldfusion wrote:

No prequal offers but I did get an email tonight offering $25 cashback for $500 spend on my Platinum Rewards card from today through Oct 31.

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Lol got the same but have a BT on the card for another 5 months..  Alot of good that will do ..  Well actually on my 2% card with them, but none the less I cant use it

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I am in the exact same situation.  I didn't read the fine print close enough and didn't realize that I couldn't use the card as long as I was taking advantage of 0% BT.  Hurts because this ws my daily driver and only 2% CB on everything card.

[Anonymous]

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@SBR249 wrote:

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@Anonymous wrote:

omg omg omg omg I got offers for the first time...in your face turbo tax!

Here comes the questions:

1. I have offers for 41K on 4 different cards and one of them is my current PCR (9k CL), my understanding is that if I take the offer for PCR, I'm basically taking a CLI upping my CL to 50K, is this correct? I want to make sure I don't get a new card.

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If you take the offer for the PCR, you will see both an option to get a 2nd PCR or a CLI. It's pretty hard to miss and they essentially ask 2-3 times to make sure you are positive what you are choosing. But you do need to make a choice. 

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Thanks SBR. I ended up calling in to ask a few questions before pulling the trigger this morning, was told that I was pre-approved for 18k and going for the full 41k will require a hard pull, I elected to take the 18k increase bringing total CL to 27k. I know I may have short changed myself and the CSR could be wrong about HP but I'm happy with the CLI, 27k is now my highest limit (BCE 25k) and I didn't really feel comfortable having 50k on a card that I'd probably never charge over 2k per month anyway lol.