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What APR and limit could I expect from PenFed based on...

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Anonymous
Not applicable

What APR and limit could I expect from PenFed based on...

Hi all, 

 

I just got a auto loan with PenFed and they suggested a credit card. We only need a visa, so we're thinking the Power Cash card.

 

They're using FICO 9. So, my score there is 717. I have 4.49% on the 75m auto loan ($51k loan). Based on this, any idea what type of limit or APR I might expect? My curent limits are 28k with amex (transferred 5k from another amex card), 3k discover, 6k cap1. I exclusively use Amex, so Cap1 and Discover don't want to raise my limits since I don't use them.

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Gmood1
Super Contributor

Re: What APR and limit could I expect from PenFed based on...

New members normally start off at the most around $10k. My best guess without knowing DTI and all that stuff. $5k to $10k. The CCs grow nicely over time. They are a little more stringent than they were a couple of years ago.
Where you could turn a $10k CC into $30k within a year.
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