No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Good morning Fico Fam
It appears that if you build a solid relationship with your credit union they will show you Love as Far as Credit cards and other loans. I have seen on this site approvals for Huge SL especially with PENFED. Is it true to establish relationships with your credit union before you apply? I am new to Penfed and I really want to get the Power Visa card.
In the case of my main credit union, it doesn't appear to matter. They're only interested in establishing relationships with those with good credit. They wouldn't let me take out a secured loan or credit card when I was starting my rebuild. Despite raising my score almost 200 points since then, they still have no interest in establishing a relationship. I will be phasing them out soon. It's a shame seeing as how they are the largest credit Union in my city and county.
I'm hoping PENFED will show me the Love. I built relationships with Cefcu and Golden 1 credit Unions and it's been great with them. My Cefcu Cc CLis 20k. My Golden 1 CC cl is 10k I will ask Golden 1 for an cli in June. I am hoping to apply for the Power rewards Visa from Penfed Late summer. I am already a Penfed member by late summer it will be 6 months
@The-Credit-Disciple wrote:Good morning Fico Fam
It appears that if you build a solid relationship with your credit union they will show you Love as Far as Credit cards and other loans. I have seen on this site approvals for Huge SL especially with PENFED. Is it true to establish relationships with your credit union before you apply? I am new to Penfed and I really want to get the Power Visa card.
If on a clean scorecard, decent income, low DTI. You may have a good chance of approval.
PenFed as well as other credit unions do value length of membership. PenFed appears to have loosened up a bit on starting limits after their CU acquisition. They are still considered conservative so keep that in mind with your new accounts and inquiries.
Building relationships is a myth. If you have money, and generslly a good credit profile, they will often open up for you being a member. Just being a member with a $5 deposit wont gaurentee you anything.
@AverageJoesCredit wrote:Building relationships is a myth. If you have money, and generslly a good credit profile, they will often open up for you being a member. Just being a member with a $5 deposit wont gaurentee you anything.
Not even a "Promise"
@bettercreditguy1 wrote:
- I have been a Pen Fed member over fifteen years. They have always gone above and beyond when I have needed anything ...
Color me curious -- what have they done "above & beyond" what a member might reasonably expect from a lender (ie, professional, polite, timely service)?
All of the SL I see is mind blowing
@The-Credit-Disciple wrote:All of the SL I see is mind blowing
Blew my mind -- 2k (after recon).
They like some, hate others. I fall in the latter category.