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I joined PenFed on Monday going through the whole simple process of joining the NMFA. Right away I applied for the Visa Platinum Cash Rewards card with a limit of 20K. It went pending and was denied on Tuesday. no "more info" or comments given. So I applied again right after I saw it was denied and I was instanly approved at my asking amount of 5K. Also without asking like others have mentioned I was pre-approved for a 35K 60mo auto loan at 4.75% that I declined (I have a nice car that is paid off).
Anyways after listing the 5K application as approved it went to the Disbursed status today when I logged in. How long does it take from the Disbursed status until the account shows up on my main page? I want to request a CLI to 10K but I believe I need the account to show up first. I don't see anywhere to request the CLI like people mention you can do online with PenFed. I really don't feel like calling them after asking originally for 20K
Hold tight - the site is being massively changed in January!
Once your app goes to disbursed you should have your plastic in about a week.
Under PenFed's revised credit guidelines $20K on first request may have been a little ambitious.