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PendFed Power Cash approval FICO scores?

fantic
Regular Contributor

PendFed Power Cash approval FICO scores?

Wallethub says excellent score is needed(750~) yet I see plenty of guys here having it despite having lower scores, even below 700. Granted they seem to have just platinum Visa, not sig(less than 5k SL).

 

I desperately? need a card to charge on frequent car rentals(which is actually my biggest expense so far), and current CO SO won't do for a mere 1% lol. 1.5% to 2% should do it(Citi Custon Cash is 5% but don't think they provide CDW). Plus they seem to query EQ, which I have the least inquiries.

 

Not applying soon, but if I do later on, probably will apply for this 1st(this or CCC or..Delta?), I do need a CC from CU(hopefully also for a fast-track CLI lol, I gave up on CFF Smiley Indifferent and it's only 1% anyway. But CLI is HP I hear, and do they in fact fast-track it like Amex or Navy? Hmmm...) to diversify.

Am aiming for Visa sig(5k SL), don't have Visa CC now, so that's another case for diversification.

 

Any DPs guys? Acceptance EQ FICO scores I mean, thanks. Am already a member($5 parked at Savings!).

 

 

Apr/21 CO Plat. SC(500->700), Aug; CITI DC(1000->1500), Sep; CFF(500), Oct; Amazon store card(2100->4000), CITI Best Buy store card(2000), Nov; Tomo(2000->3000), Jan/22; CO SO(2000), Feb/22; Disco It CB(3000)
Next cards; travel card(Delta Gold?), CITI CC? Credit Union card(PenFed?)
FICO8 EX 717 EQ 719 TU 735 util 2%(of 16700)
AAoA 7m AoOA 1y1m AoYA 3m Cards 3/6 7/12 8/24 Inq EX 10/6 24/12 EQ 1/6 3/12 TU 3/6 5/12
Message 1 of 14
13 REPLIES 13
disney2
Regular Contributor

Re: PendFed Power Cash approval FICO scores?

I've had mine for about a year I think and my score was not above 700.  My SL was $14000.  I had the $5 parked as well. 

Message 2 of 14
fantic
Regular Contributor

Re: PendFed Power Cash approval FICO scores?


@disney2 wrote:

I've had mine for about a year I think and my score was not above 700.  My SL was $14000.  I had the $5 parked as well. 


14k????!! @disney2 You must have great income and few inqs Smiley LOL Jealous! 

Apr/21 CO Plat. SC(500->700), Aug; CITI DC(1000->1500), Sep; CFF(500), Oct; Amazon store card(2100->4000), CITI Best Buy store card(2000), Nov; Tomo(2000->3000), Jan/22; CO SO(2000), Feb/22; Disco It CB(3000)
Next cards; travel card(Delta Gold?), CITI CC? Credit Union card(PenFed?)
FICO8 EX 717 EQ 719 TU 735 util 2%(of 16700)
AAoA 7m AoOA 1y1m AoYA 3m Cards 3/6 7/12 8/24 Inq EX 10/6 24/12 EQ 1/6 3/12 TU 3/6 5/12
Message 3 of 14
disney2
Regular Contributor

Re: PendFed Power Cash approval FICO scores?

My income is decent for the area but not not in most areas. My inquiries are a very healthy number. I'm down to 9 now. 😂 it was more when I was approved though. 

Message 4 of 14
SUPERSQUID
Established Contributor

Re: PendFed Power Cash approval FICO scores?


@fantic wrote:

Wallethub says excellent score is needed(750~) yet I see plenty of guys here having it despite having lower scores, even below 700. Granted they seem to have just platinum Visa, not sig(less than 5k SL).

 

I desperately? need a card to charge on frequent car rentals(which is actually my biggest expense so far), and current CO SO won't do for a mere 1% lol. 1.5% to 2% should do it(Citi Custon Cash is 5% but don't think they provide CDW). Plus they seem to query EQ, which I have the least inquiries.

 

Not applying soon, but if I do later on, probably will apply for this 1st(this or CCC or..Delta?), I do need a CC from CU(hopefully also for a fast-track CLI lol, I gave up on CFF Smiley Indifferent and it's only 1% anyway. But CLI is HP I hear, and do they in fact fast-track it like Amex or Navy? Hmmm...) to diversify.

Am aiming for Visa sig(5k SL), don't have Visa CC now, so that's another case for diversification.

 

Any DPs guys? Acceptance EQ FICO scores I mean, thanks. Am already a member($5 parked at Savings!).

 

I was approved december 12th with fico's in the 670's, a less than 2 year old bk7 and only 36000 a year income.

Penfed PCR signature visa sl 7500 at 17.99, ymmv

Also I only had 15 bucks in a savings only


 

{ BK7 DC 12/2019 } target 700/ kohls 1500/ discover 3k /mercury 3350 /ollo 600 /mission lane 1050/ ikea 750/ firestone 2800 /legacy 2000 /first savings bank cc 2000/ cap1 QS 2k/ cap 1 savor one 3100 /comenity rewards mc 1k, Penfed PCR signature visa 7.5k, NFCU >signature visa cash rewards 9700

>/ nfcu platinum 1k, BABY NEEDS NEW SHOES !!!!!
Message 5 of 14
AverageJoesCredit
Legendary Contributor

Re: PendFed Power Cash approval FICO scores?


@fantic wrote:

Wallethub says excellent score is needed(750~) yet I see plenty of guys here having it despite having lower scores, even below 700. Granted they seem to have just platinum Visa, not sig(less than 5k SL).

 

I desperately? need a card to charge on frequent car rentals(which is actually my biggest expense so far), and current CO SO won't do for a mere 1% lol. 1.5% to 2% should do it(Citi Custon Cash is 5% but don't think they provide CDW). Plus they seem to query EQ, which I have the least inquiries.

 

Not applying soon, but if I do later on, probably will apply for this 1st(this or CCC or..Delta?), I do need a CC from CU(hopefully also for a fast-track CLI lol, I gave up on CFF Smiley Indifferent and it's only 1% anyway. But CLI is HP I hear, and do they in fact fast-track it like Amex or Navy? Hmmm...) to diversify.

Am aiming for Visa sig(5k SL), don't have Visa CC now, so that's another case for diversification.

 

Any DPs guys? Acceptance EQ FICO scores I mean, thanks. Am already a member($5 parked at Savings!).

 

 


Don't overthink this. Your scores are fine I hp is not the end of the world  and PF has been overly generous the last several months. My income is probably the lowest on the forum and I've gotten 45k from PenfedSmiley Wink. Go for itSmiley Happy

Message 6 of 14
SouthJamaica
Mega Contributor

Re: PendFed Power Cash approval FICO scores?


@fantic wrote:

Wallethub says excellent score is needed(750~) yet I see plenty of guys here having it despite having lower scores, even below 700. Granted they seem to have just platinum Visa, not sig(less than 5k SL).

 

I desperately? need a card to charge on frequent car rentals(which is actually my biggest expense so far), and current CO SO won't do for a mere 1% lol. 1.5% to 2% should do it(Citi Custon Cash is 5% but don't think they provide CDW). Plus they seem to query EQ, which I have the least inquiries.

 

Not applying soon, but if I do later on, probably will apply for this 1st(this or CCC or..Delta?), I do need a CC from CU(hopefully also for a fast-track CLI lol, I gave up on CFF Smiley Indifferent and it's only 1% anyway. But CLI is HP I hear, and do they in fact fast-track it like Amex or Navy? Hmmm...) to diversify.

Am aiming for Visa sig(5k SL), don't have Visa CC now, so that's another case for diversification.

 

Any DPs guys? Acceptance EQ FICO scores I mean, thanks. Am already a member($5 parked at Savings!).

 

 


1. It's an excellent card and I think it would serve your purposes well.

2. I'm sure you don't need anything like a 750 score to get it; there's nothing especially difficult about the underwriting for the card.

3. To get the 2% cashback rate (as opposed to 1.5%) I believe you may need to make electronic deposits of $500 month in the free checking account. (Which is of course easy to do. You can just make the deposit(s), then pay the card from the checking account)


Total revolving limits 689000 (587000 reporting) FICO 8: EQ 715 TU 712 EX 695

Message 7 of 14
disney2
Regular Contributor

Re: PendFed Power Cash approval FICO scores?

I just got the checking last week but don't remember any deposit requirements at all. 

Message 8 of 14
SouthJamaica
Mega Contributor

Re: PendFed Power Cash approval FICO scores?


@disney2 wrote:

I just got the checking last week but don't remember any deposit requirements at all. 


There are no deposit requirements for the free checking account.

 

But there are conflicting statements on the website as to whether you need to meet the requirements in order to get the 2 % cashback on the Power Cash.


Total revolving limits 689000 (587000 reporting) FICO 8: EQ 715 TU 712 EX 695

Message 9 of 14
fantic
Regular Contributor

Re: PendFed Power Cash approval FICO scores?

you guys Smiley LOL I'll be literally dancing if I get 7500 SL lol. You guys must have thick file/long history?!

 

Why didn't I apply for CU in the 1st place 😭 Seriously thinking of starting a thread 'what might have been(IDEAL applying scenario)!' 😅   

 

And yeah, that 500 requirement is ambiguous in regard to free checking. Haven't seen DP regarding that either(Free, not Access checking for Honors prog which was a prerequisite for 2%)

Apr/21 CO Plat. SC(500->700), Aug; CITI DC(1000->1500), Sep; CFF(500), Oct; Amazon store card(2100->4000), CITI Best Buy store card(2000), Nov; Tomo(2000->3000), Jan/22; CO SO(2000), Feb/22; Disco It CB(3000)
Next cards; travel card(Delta Gold?), CITI CC? Credit Union card(PenFed?)
FICO8 EX 717 EQ 719 TU 735 util 2%(of 16700)
AAoA 7m AoOA 1y1m AoYA 3m Cards 3/6 7/12 8/24 Inq EX 10/6 24/12 EQ 1/6 3/12 TU 3/6 5/12
Message 10 of 14
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