Penfed multiple applications.

Anonymous · ‎10-27-2010

So I found out Penfed gave me an hard inq earlier this month while opening up a bank account. Since they usually do just one pull for 30 days I decided to apply for a credit card and to my suprise I was approved for little over $3K. My question is; Should I apply for anything else with them.. I would love to have a LOC but thinking I should just chill and let the $3K age and hope for Penfed magic preapprovals?

manyquestions · ‎10-27-2010

I'd go for it. Won't cost you anthing to try. They should still use the same inq. I don't see a downside. In the 4 years since I got the visa I have never received any of their preapprovals. I've had to ask for everthing.

DI · ‎10-27-2010

@manyquestions wrote:
I'd go for it. Won't cost you anthing to try. They should still use the same inq. I don't see a downside. In the 4 years since I got the visa I have never received any of their preapprovals. I've had to ask for everthing.

I defer. It's going to cost them a major decrease in their AAoAs.