Penfed confusion?

Anonymous · ‎07-08-2017

So I applied for the penfed rewards card, and they said they will review it (membership or whatever). i just got a email saying my request was approved for a loan? any ideas how that happened? also tells me to call and talk to a rep about establishing membership.

zerofire · ‎07-09-2017

To have any product of a credit union, such as PenFed, you need to be a member of the credit union. Most likely you put in an application for the card without establishing membership which PenFed allows. You got approved for the card but they will not issue it to you or any other type of account until you establish membership. Establishing membership only needs to be done once unless you leave.

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Anonymous · ‎07-09-2017

If the part mentioning 'approved for a loan' is confusing, it's just terminology. You're approved for CC, just need to establish membership with them, which is easy.
If there is anything you'd like to get with PenFed, your HP is good for other products for at least 30 days

Anonymous · ‎07-09-2017

Thansk for the inputs. So I just got off the phone with a rep and was told got approved for 17.74% apr.. 11k credit limit!!! I'm freaking shocked at the moment.. I'm in disbelief... or does everyone get it that high?