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PenFed multiple pulled payments

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SouthJamaica
Mega Contributor

PenFed multiple pulled payments

I've been a member of PenFed for 9 years, and I'm pretty sure that during that entire period they have had a policy of not allowing more than one pulled payment to an account in a day. The only way around that was to call the second payment in by phone. I have no idea why they had such a policy, and it has never made any sense to me to put an obstruction in the way of making a payment.

 

Today I was able to make 2 payments on the same day.

 

It appears to me that they've just changed their policy.

 

 


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 1 of 5
4 REPLIES 4
FicoMike0
Senior Contributor

Re: PenFed multiple pulled payments

Seems like a strange limitation. I guess I'll never find out, penfed turned me down for a credit card with an 850 fico9. I decided I won't try again. I still have my ssl there, they seem to handle that ok.

 

Message 2 of 5
TrapLine
Established Contributor

Re: PenFed multiple pulled payments


@FicoMike0 wrote:

Seems like a strange limitation. I guess I'll never find out, penfed turned me down for a credit card with an 850 fico9. I decided I won't try again. I still have my ssl there, they seem to handle that ok.

 


Hmm ... they approved me for a checking and savings and told me to pound sand on credit. Well, I closed up everything did a "hissy fit" and left. Do add that was several years ago when my Ficos were 850 Fico 08 and I figured not good enough for them?

Message 3 of 5
FicoMike0
Senior Contributor

Re: PenFed multiple pulled payments

I have an ssl, so I'm stuck with them. I understand I had too many recent accounts, but still, 850s not good enough? You'd think they'd make an exception.

I got a similar card with navy, so no big deal.

Message 4 of 5
SouthJamaica
Mega Contributor

Re: PenFed multiple pulled payments

Update. It now appears that the ridiculous one payment limit is back in effect.  Oh well.


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 5 of 5
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