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Penfed Credit Card question

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Shan888
Established Member

Penfed Credit Card question

Hi all,

I applied for Power cash reward Card back in March 2022. Then I found out that I could apply for another card using same Unquiry and boom got Platinum Reward Card. I was looking for pre approval from them and I finally got pre approval for Visa - Pathfinder they also showing me what limit I will get. 

So My question if anyone can help me. If I go ahead and accept that offer and if I do get Approved for Pathfiner; which will lead to HP. Can I use same HP ( Same Inquiry ) to request CLI for my previous Penfed cards; without putting on any other hard inquiry. 

thanks 

Message 1 of 5
4 REPLIES 4
BigBS
Senior Contributor

Re: Penfed Credit Card question

Generally speaking, PFCU inquiries are valid for 30 days. Any CLI will depend on your total CL with PFCU, as there max CL limit is $50k.

Score: EQ(809) EX(819) TU(800)
INQs: EQ(7) EX(16) TU(8)
Last INQ: 13 Jul 23

Total Credit Limit - $2.0M

Message 2 of 5
Shan888
Established Member

Re: Penfed Credit Card question

Hi. 
By max limit you mean max limit on one card or combined limit on all their cards

thanks 

Message 3 of 5
jj10939
Regular Contributor

Re: Penfed Credit Card question

The maximum limit per card (unless previously grandfathered in) is $25,000. The maximum limit across all PenFed cards is $50,000 total exposure. 

Does anyone have any knowledge or experience moving limits with PenFed? I want to say I remember reading you cannot but can't find that particular thread. 

Thank you 

Message 4 of 5
Shan888
Established Member

Re: Penfed Credit Card question

Thanks all

So I can use same hard pull for CLI for my 2 credit cards? As long as its under #$50000 among total credit from penfed.

Message 5 of 5
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