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PenFed Approval

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Uncle_Money
Established Contributor
‎07-06-2016 04:51 PM
‎07-06-2016 04:51 PM

PenFed Approval

Hi Guys - I was just approved for a HELOC with PenFed (great terms) but I have a credit card question, which is why I'm posting it here as opposed to the mortgage section.

 

They pulled my Equifax yesterday. Score was 798. From what I understand, one hard pull can be used to apply for multiple credit products. Since my pull was for a HELOC, can it still be used if I want one of their cards? Or would another hard pull be required?

 

Thanks,

 

Uncle Money

 

 

 

 

 

Personal: American Express Platinum - NPSL | American Express Blue Cash Preferred - $15,000 | Chase Sapphire Reserve - $38,500 | Chase Amazon Prime Visa - $7,200 | Chase Freedom - $500 | Barclaycard Arrival+ - $18,600 | PenFed Platinum Rewards - $25,000 | PenFed LOC - $10,000 | Navy Federal Credit Union Platinum Visa - $25,000 | Navy Federal Credit Union LOC - $10,000 | Citi Double Cash - $12,170 | Citizens Cash Back+ - $8,650 | Citizens LOC Overdraft - $8,000 | Discover - $10,000 | Capital One Quicksilver One - $3,600 | Capital One Platinum - $750 | Valero - $600 | Dell - $3,000 | Lowes Advantage - $30,000 | Macys Amex - $25,000 | The Home Depot - $7,500 | Tourneau - $15,000
Business: American Express Business Platinum Card - NPSL | American Express Plum Card - NPSL | American Express SimplyCash Plus - $10,000 | American Express Gold Card - NPSL | Bank of America Cash Rewards - $100,000 | Capital One Spark Business - $54,000 | Chase Business Preferred - $34,000 | Chase Business Ink - $15,000 | PNC Bank Cash Rewards Visa Signature - $19,000 | PNC LOC $100,000 | BP Business Solutions - $1,500 | KeyBank Mastercard - $6,000 | Staples More Account - $3,500

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Message 1 of 17
16 REPLIES 16
Anonymous
Not applicable
‎07-06-2016 04:53 PM
‎07-06-2016 04:53 PM

Re: PenFed Approval

The pull should be good for 90 days!  Good luck if you decide to app!  Great score too! Smiley Happy

Message 2 of 17
Anonymous
Not applicable
‎07-06-2016 04:55 PM
‎07-06-2016 04:55 PM

Re: PenFed Approval

They will use the same pull.  Get in there and take advantageSmiley Happy. Congrats on your Home Equity Line of Credit.

Message 3 of 17
baller4life
Super Contributor
‎07-06-2016 04:55 PM
‎07-06-2016 04:55 PM

Re: PenFed Approval

Should cover a cc app as well. Awesome score!! Go for it!
Message 4 of 17
Anonymous
Not applicable
‎07-06-2016 05:10 PM
‎07-06-2016 05:10 PM

Re: PenFed Approval

There have been isolated reports of an additional HP when apping for an additional product. I have a hunch, though, that this happens with lower scores / marginal profiles. Not the case here.

Message 5 of 17
Uncle_Money
Established Contributor
‎07-06-2016 05:15 PM
‎07-06-2016 05:15 PM

Re: PenFed Approval

Thanks, guys. Appreciate it.

 

So no need to call them just choose the product I want then apply and I won't see another pull?

 

Thanks,

 

Uncle Money

Personal: American Express Platinum - NPSL | American Express Blue Cash Preferred - $15,000 | Chase Sapphire Reserve - $38,500 | Chase Amazon Prime Visa - $7,200 | Chase Freedom - $500 | Barclaycard Arrival+ - $18,600 | PenFed Platinum Rewards - $25,000 | PenFed LOC - $10,000 | Navy Federal Credit Union Platinum Visa - $25,000 | Navy Federal Credit Union LOC - $10,000 | Citi Double Cash - $12,170 | Citizens Cash Back+ - $8,650 | Citizens LOC Overdraft - $8,000 | Discover - $10,000 | Capital One Quicksilver One - $3,600 | Capital One Platinum - $750 | Valero - $600 | Dell - $3,000 | Lowes Advantage - $30,000 | Macys Amex - $25,000 | The Home Depot - $7,500 | Tourneau - $15,000
Business: American Express Business Platinum Card - NPSL | American Express Plum Card - NPSL | American Express SimplyCash Plus - $10,000 | American Express Gold Card - NPSL | Bank of America Cash Rewards - $100,000 | Capital One Spark Business - $54,000 | Chase Business Preferred - $34,000 | Chase Business Ink - $15,000 | PNC Bank Cash Rewards Visa Signature - $19,000 | PNC LOC $100,000 | BP Business Solutions - $1,500 | KeyBank Mastercard - $6,000 | Staples More Account - $3,500

Message 6 of 17
baller4life
Super Contributor
‎07-06-2016 05:48 PM
‎07-06-2016 05:48 PM

Re: PenFed Approval

@Uncle_Money wrote:

Thanks, guys. Appreciate it.

 

So no need to call them just choose the product I want then apply and I won't see another pull?

 

Thanks,

 

Uncle Money

You can call and app over phone with CSR so you can verify that it won't be an addtl pull. 

Message 7 of 17
Loquat
Moderator Emeritus
‎07-06-2016 06:43 PM
‎07-06-2016 06:43 PM

Re: PenFed Approval

@Uncle_Money wrote:

Thanks, guys. Appreciate it.

 

So no need to call them just choose the product I want then apply and I won't see another pull?

 

Thanks,

 

Uncle Money

It's a YMMV kind of situation.  I know lots of folks have been successful with getting multiple products with the same pull (myself included) but there was an instance when I first joined where I was pulled twice in the same week.  To avoid that happening to me again I just call whenever I want something so that I can specificially say that I want to use the report on file.  

Message 8 of 17
Anonymous
Not applicable
‎07-06-2016 06:50 PM
‎07-06-2016 06:50 PM

Re: PenFed Approval

What a great score! Let us know what you do!

Message 9 of 17
Anonymous
Not applicable
‎07-06-2016 07:52 PM
‎07-06-2016 07:52 PM

Re: PenFed Approval

Dying to know the outcome.. 

Please come back and let us know...

 

I am living vicarously through your scores! 

 

Woo Hoo 

Message 10 of 17
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