PenFed "new member" & savings account question

[Anonymous]

I know/heard the credit limit for new members is max $10k. 

I opened a savings with them a few years ago, does that alone qualify me as not a "new member" and just a regular member w potentially higher SL's? Or would I had needed a checkings or some other type of account?

[Anonymous]

I don’t know the asnswer to your question. But I will direct you to a wonderful tool - google. Best wishes

[Anonymous]

---

@Anonymous wrote:
I don’t know the asnswer to your question. But I will direct you to a wonderful tool - google. Best wishes

---

Just google'd..told me "see ficoforums" ill go look on dorkwallet or credit Dentist lol

[Anonymous]

I mean it says Im a member, but I dont get member offers like everyone else does who open credit products/checkings accounts so idk if it counts  **googling harder...**

[Anonymous]

I have been a PenFed member for two years.  I never got any offers either.  Well, I have gotten the $25k personal loan offer about 4 times, including in the mail yesterday.

You can still apply for a PenFed CC.  I did and was hit with "overextended" credit in relation to my income.

[Anonymous]

Do you have credit products w them currently or just a savings? 

thx

[Anonymous]

Just a savings account.  Funded with the original $5.

[Pikaboo-icu]

Pretty sure you have to have a credit product to generate offers. 

I received my first offer at about 6 months.

Not sure on the new member question, sorry. 

[Anonymous]

Been a PenFed member for approx. 6-7 years. Kept only minimum required in savings (don’t remember why I originally joined). Never received ANY offer for products. Logged in a few weeks ago and opened a checking account. Next day applied for 25k personal loan and 25k personal line of credit. Both approved within seconds. I do not have any of their credit cards. 

[K-in-Boston]

---

@Anonymous wrote:

I have been a PenFed member for two years.  I never got any offers either.  Well, I have gotten the $25k personal loan offer about 4 times, including in the mail yesterday.

You can still apply for a PenFed CC.  I did and was hit with "overextended" credit in relation to my income.

---

A little over 2.5 years here.  Started with the $5 in the share account and a PenFed Defender Visa card.  Added an auto refi, an additional card (PCR), and did a few CLIs (now $1,000 shy of their total revolving cap).  But I've still never seen anything other than the Save $20 on TurboTax offer, and of course the obligatory "here's a $25,000 check for a personal loan with a high APR," which I also received another one of yesterday.