PenFed snail mail pre-approval

[Anonymous]

Having no relationship with PenFed I was surprised to receive a snail mail pre-approval. It was for the Power Cash Rewards Visa Signature card with an 11.99% APR. I would have to become a member. From what I've read on these forums, PF is worth a HP. Any thoughts on me going for it?I

Stats: scores in upper 700's or low 800's. Last card was a second Home Depot in 11/2019. Total CL over $170K. Two HP on each CR. Must admit I am blacklisted by BoA because of a dispute. Oldest open card is just over five years. Oldest reporting over 24 years.

[Gmood1]

Someone else posted about receiving one of these recently. Not sure how their profile looked, but they were denied.

Your profile looks good to me and a easy approval IMHO. You'll have to become a member before pulling the trigger.

[AverageJoesCredit]

Ill never understand PF. They wont extend credit to their own members yet send out preapprovals to non members?. I would take that letter with a grain of salt and no , PF isnt really woth a hard pull lol. Sorry , thats my biased opinion haha but i wish you luck if you do try

[Anonymous]

If you don’t fit their criteria perfectly, you may end up being another member of PDA (Pendread Anonymous). 

If its snail mail, it may be more solid but nothing is ever a guarantee with them. They seem to like to make up denial reasons. Best of luck if you go for it!

[Anonymous]

The apply by date is the end of July. Think I'll wait to see what happens over the next three months. I'm liking being in the garden.