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Just this morning; I paid off my power cash rewards card with the intent to put a balance transfer on it. I needed just a bit more so I applied for a CLI and was denied. No mention of them no longer giving CLI or telling me to apply for a different acct. I actually called this afternoon to ask what is this derogatory event; i was told "my score" lol...The only derogatory I have had in the past two years was when I got in a car accident and the insurance paid off my loan in January but the credit union marked it "paid charge off", i was never late and was an error and it has been removed which i verified on all bureaus. I never got an alert of a HP on credit karma or creditchecktotal.com which i forgot to cancel and have the subscription this month. I asked if they pulled my credit he said yes but did not have access to it and told me to pull them myself....
I am feeling a bit negative about Penfed, they act like i am some loser. I almost don't want to put any balance transfer on it but trying to not let my emotions get involved with banking... point is they never mentioned to me that they are not allowing CLI on credit cards.
DECLINED 03/27/2019
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I was thinking of requesting a CLI on my Power Cash card that's in good standing (never carry a balance - always pay it off after every purchase!) and has gotten a lot of use lately and I noticed that the Request a Credit Limit Increase link is no longer there. I realize this thread is a few months old now, but I wonder if this is just specific to me or if they removed it altogether for everyone elese? I really would like to increase my limit a bit, but I don't want to have to apply for another card to do so.
Your post got me wondering. I just checked my online account and the request limit increase button is there. I will not touch it though. No point as they wont give me a CLI. I wont ask for anything more from PenFed. Just keep what I have and call it a day. They of course are free to offer a SP CLI which I most certainly would accept but that is unlikely to happen so not going to think about it.
@hawkins wrote:Your post got me wondering. I just checked my online account and the request limit increase button is there. I will not touch it though. No point as they wont give me a CLI. I wont ask for anything more from PenFed. Just keep what I have and call it a day. They of course are free to offer a SP CLI which I most certainly would accept but that is unlikely to happen so not going to think about it.
Surprisingly i got two CLIs on two of my penfed card and a new card on one single hard pull recently. So they still definitely giving CLIs. Though i got rejected multiple times in past.
They just increased me from 5K to 15K instant, so i guess it's still possible. 768 EQ
Ok, so I've discovered it under "Applications" as opposed to "Account Actions" (which it disappeared from and now that I look again, it's there!). Strange. Sorry for any confusion I might have created.
PenFed offer my dad tons of stuff including CLI every quarter. I just got a CLI with PenFed recently with preapproved offer. PenFed started offering me preapproved offers after being with them for 1 year. Every quarter I get offers...