Penfed Promise

[Anonymous]

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@Anonymous wrote:
What's LOC?

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Line of Credit

[Anonymous]

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@baller4life wrote:
Great feedback guy thx. So now I'm wondering exactly how many "new" accounts do they consider too many.

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I am in the same boat, I want this card, but I need to wait until next year.

[Anonymous]

😳😳😳 25k? I think I need to lock and pin my CR's as well! Need to let my EX get clean.

[baller4life]

Well join the bandwagon Mia. A lot of us are gardening for this card!

[baller4life]

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@Anonymous wrote:
😳😳😳 25k? I think I need to lock and pin my CR's as well! Need to let my EX get clean.

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https://www.penfed.org/Personal-Line-of-Credit/

There ya go!

[Anonymous]

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@baller4life wrote:
Well join the bandwagon Mia. A lot of us are gardening for this card!

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After my Cap one approval I need to stay away for one year. I really want this card and I will get it when the time comes... ( I hope no more NASA ,Diners Club, Cap One wagon comes before Penfed)...

[baller4life]

We just gotta stay strong Mia and keep our eyes on the prize!! LOL

[Anonymous]

Yes, I will wait

[sillykitty1]

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@baller4life wrote:
Great feedback guy thx. So now I'm wondering exactly how many "new" accounts do they consider too many.

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I went back and looked, here's my profile at the time of app (15 months ago)

EQ: 758 

AAoA: 4.5 yr 

Util: 7%

5 cc's total.... 3 opened in the 3 months prior to app

Mortgage

Auto Loan

Auto Loan: paid/closed  ( 7-30 days late, 3-60 days late) (only baddie)

EQ: 8 inq

All but 1 inquires auto or home buying related

I was auto approved for $13K (highest CL at time $5K)

7 month later I had a sp preapproval CLI to $20K

[baller4life]

AWESOME sillykitty!! Thank you for the data.