PENFED PLOC - Pre-Approved !!

[Anonymous]

Logged in today -- been a member about half a year .. PRE APPROVALS popped up !!!  One of them was the coveted PLOC, $15,000 !!  Do I take or do I skip on it ?  Anyone have this?  How is it utilized, how do you like it?  The interest rate is amazing at 10% .. my card is 10.74% with them.  $30k line.  Auto loan preapproved at $40,000, but I dont need a new car lol .... Also saw a preapproval for a Plat Rewards @ $15,000.  . I have enough CCs.

Is this a HP if I accept ?  I am gardening and do not want any new HPs !  

Great feeling and start to my early weekend -- we're moving into a new condo in Marina Del Rey in a week, so this will come in great handy !  Wooooooooooooooo !!

[ddemari]

wow you must have a pretty high score with them, those prequals are something id die to see upon logging into to penfed one day. I believe its not a hard pull if they offer it to you that way. Enjoy! 

[RonM21]

That is a good question. I'd probably call and ask just to be sure.

[Anonymous]

ddemi my NexTgen somehow is a 701, my FICO 8 for EQ is 677 as of now -- usually its the other way around, but im thinking on June 1 a lot of my accounts aged past 2 years which may have given a bump ??  

Either way Ill take it !!!  Not the biggest pre-quals I've seen with them by far, but decent

[Anonymous]

PS - can we talk about how much I LOVE FICO 9 ??  LOL my FICO 9 for EQ is showing 723!!!  Lenders please start using FICO 9!

[Anonymous]

Awesome offer! Congratulations!

[baller4life]

Joey please post these pre-approvals in the Penfed thread. There's an urban myth on this forum and another that if you join "dirty" you never get these preapprovals. You and others are proving them wrong. Good job!

[ecb]

That's awesome! Penfed turned me down last month for recently added credit card which I thought was BS. Where do you see preapprovals on the screen?

[Anonymous]

Congrats - that's awesome. 

Now I am really curious how PenFed does their quarterly things (not that'll I'll be eligible anytime soon) - I just looked and my Nextgen score still says 3/1/16.  I'm wondering if they slow roll the quarterly updates???  I always thought they updated score at the beginning of each quarter with a date of the month prior???

[baller4life]

January,April,July and October 1st are score updates