@Anonymous wrote:Hey guys, sorry if these have already been asked, but I have a few questions.
1. How much spend do you typically need to put through a month on PCR in order to get a CLI? Also how often do they do CLI?2. Suuuuuuper random, but if I have a PCR with a high limit and I'm also interested in the Platinum Rewards is there anyway I can use some of the credit limit from PCR to obtain a Platinum without actually having to apply for it and go through a hard pull? If that makes sense.
Thanks!
1. There's no such thing. If you want a CLI you can follow the "offers"; sometimes a CLI is offered to you.
2. No there's no such thing as getting another credit card without having to apply for it and get a hard pull.
@SouthJamaica wrote:1. There's no such thing. If you want a CLI you can follow the "offers"; sometimes a CLI is offered to you.
2. No there's no such thing as getting another credit card without having to apply for it and get a hard pull.
I thought the ones in the offers can come as either a CLI or new card? In which case they are both soft pull and you're not really "applying" for it. I've seen some people here post on it, but not very frequently and I'm not sure of the minimum length of time they've been a cardholder wtih PenFed. I'll confirm I've seen nothing so far, but it's not even been 3 months.
And there's definitely cards you can get without a hard pull (Amex, some other CUs).
as of 1/1/23
1. Amount of spend for a CLI is not as important as other factors such as your credit profile, income, and DTI. I don't believe there is a set timeline for customer-initiated CLIs. Auto-CLIs are rare; preapproved offers for a CLI are less rare although YMMV on them being offered.
2. No. As already stated having a preapproved offer for a card in your account will usually not result in a HP, but new products cannot otherwise be opened without one unless they are reusing a recent pull. Credit line reallocations are possible, however.
Maybe they don't like me, but I've been told on two different calls that as of a "couple months ago" they no longer do credit line reallocations. Please let me know if any of you have had or heard of recent success in doing a credit line reallocation.
Let's get down to brass tacks. Do you have any recent denials for either CLI or new accounts with PenFed that are leading you to seek this information? Are you asking ahead of time to try to preempt any reasons for denial that they may try to throw at you?
PenFed has been surprisingly generous to me with my middle-600's, LOL/24, dozens of inquiries, and only 22 months (at the time, now 27 
) of paid-as-agreed. The only things I had going for me was strong income and 0% revolving utilization.
I was approved for not just the Cash Rewards with a $5000 limit, but also the Platinum with a $5000 limit not 6 months later. If you haven't already gotten denials (again, I don't know, I'm just speaking to both outcomes) I'd pull the trigger and find out.
I'd also like to have someone chime in with any recon numbers in case you do or did get an initial denial.
@Anonymous wrote:Hey guys, sorry if these have already been asked, but I have a few questions.
1. How much spend do you typically need to put through a month on PCR in order to get a CLI? Also how often do they do CLI?2. Suuuuuuper random, but if I have a PCR with a high limit and I'm also interested in the Platinum Rewards is there anyway I can use some of the credit limit from PCR to obtain a Platinum without actually having to apply for it and go through a hard pull? If that makes sense.
Thanks!
I know I'm piggybacking off of the original question, but if I received a Pre-Approval letter (set APR) from PenFed for the PCR, does anyone know if I'd be just as likely to be approved for the Platinum? Or do you have to start with the PCR w/PenFed? Thanks!
