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PenFed Questions!

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signaturecardmember
Frequent Contributor

PenFed Questions!

Hey Guys,

 

Hoping to collect information from those with PenFed. I am about to go on a small spree and would like to raise my CL of PenFed Promise from the starting at $22k and also get a PLOC. WIth that in mind people with PenFed can you please tell me your

 

1)overall exposure with them?

2)which products?

3)income on application?

4)fico scores and highest limit at the time?

 

Thanks in advance!

Started: 4/14 Bank of America Signature $6k, 85% Utilization, 745 Fako
Currently: 6/18 Bank of America Signature $99.9k, Chase Slate $0, Chase Freedom Signature $2.5k, American Express Gold NSL, American Express Everyday $6k, Lowes GE $0 (From $35k), Discover IT $38.5k, Capital One Quicksilver $5k, Barclays US Airways $24k, DCU Platinum $30k, PenFed Promise $47k, Chase Freedom Unlimited Signature (From CSP) $50k, Chase AARP Signature $7.5k, American Express Blue Cash $7.5k, Citi American Airlines Platinum $10.5k, Capital One Venture Signature $30k, Chase Sapphire Preferred (From Reserve) $12k, Chase Ink Business Preferred $10k, Barclays Aviator Business $14k. Total Available Credit: Over $350k, Utilization 4%, AAoA 7 Years, TU Fico 799, EX Fico 727
Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: PenFed Questions!


@signaturecardmember wrote:

Hey Guys,

 

Hoping to collect information from those with PenFed. I am about to go on a small spree and would like to raise my CL of PenFed Promise from the starting at $22k and also get a PLOC. WIth that in mind people with PenFed can you please tell me your

 

1)overall exposure with them?

2)which products?

3)income on application?

4)fico scores and highest limit at the time?

 

Thanks in advance!


1. $30K

2. Promise

3. Enough

4. All around 800 and $25K at the time.

Message 2 of 6
ddemari
Super Contributor

Re: PenFed Questions!

1. Promise Visa 1.5k
2. Travel Amex 17.5k
Scores were 660 at the time.
Message 3 of 6
NRB525
Super Contributor

Re: PenFed Questions!

November 2014:

1a) $500 secured card, $46k total revolving open balances on $127k limits, 34% overall utilization, denial for regular CC.

4a) 720 FICO, $14k was highest open non-closed card at the time.

 

December 2015:

1b) $16,500 Promise after a year on the $500 Secured, Open balances $25k TU Revolving Balance on $221k non-closed, reporting limits.

4b) 749 FICO, $30k Venture highest limit card.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 4 of 6
Anonymous
Not applicable

Re: PenFed Questions!

Good luck!

Message 5 of 6
takeshi74
Senior Contributor

Re: PenFed Questions!


@signaturecardmember wrote:

 

fico scores and highest limit at the time?

 


Keep in mind that PenFed uses EQ FICO NextGen2 -- the score that they provide.

 

Even with all this info (which isn't everything to begin with) you're not going to reverse engineer the details of their underwriting critieria.  If you want the CLI then request it.  If your credit and income qualify you'll get it.

Message 6 of 6
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