Penfed second card - is it safe to apply?

[Anonymous]

hi fico

Thanks to all members for giving great advise here.

I just got approve for PenFed Platinum Rewards card with 20K CL.

So I am thinking that as my first Hard pull is still good can i apply for PenFed premium travel rewards too or not?

Is it safe to apply for two cards in one day? or i should wait for sometime.

[bbb3601]

I honestly don't know, but what an awesome 1st card!! I want PenFed so bad I can taste it. congrats

[Sevenfeet]

I would wait.  They likely gave you the amount they were comfortable with, so they'd be less inclined to give you more right now.  I tried the same approach by asking for a standard line of credit about 3 weeks after the initial approval so that I wouldn't get another hard pull.  Indeed, I avoided the pull but was turned down anyway.

[Anonymous]

PenFed gives you option of getting another card without any additional credit check by keeping with total credit line same. i.e. splitting existing credit line partly with new card.

I used that option to get Amex which gives 5X points on standalone flights plus it has no annual fees.

I used part of my Gas cash rewards card credit line to get Amex within 3 weeks after first one was received.

[LS2982]

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@Sevenfeet wrote:

I would wait.  They likely gave you the amount they were comfortable with, so they'd be less inclined to give you more right now.  I tried the same approach by asking for a standard line of credit about 3 weeks after the initial approval so that I wouldn't get another hard pull.  Indeed, I avoided the pull but was turned down anyway.

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I agree, you should gie it at least 6 months before doing another app.

[Anonymous]

LS did they do me a favor approving me 5 months from the first card?Jus a thought

[LS2982]

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@Anonymous wrote:

LS did they do me a favor approving me 5 months from the first card?Jus a thought

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It's YMMV. there's no set time frame from when you can app from 1st to 2nd card. The general concensus is to let the new INQ age for 6 months then go for it.

[Anonymous]

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@LS2982 wrote:

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@Anonymous wrote:

LS did they do me a favor approving me 5 months from the first card?Jus a thought

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It's YMMV. there's no set time frame from when you can app from 1st to 2nd card. The general concensus is to let the new INQ age for 6 months then go for it.

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Kool,Thanks

[lg8302ch]

way to go! hope Chase will notice this CL
I would probably wait and apply later on for the 2nd card. Pls let us know the outcome if you decide to app now.
Good luck!