penfed overdraft loc

mfinsmi1 · ‎07-18-2022

the only thing penfed has preapproved me for since becoming a member 2 months ago is an Overdraft line of credit - is this a good way to build a relationship wih them for the future ? or is this kind of a pointless thing to waste a HP for?

Personal Cards (Over $100k):

Business Cards:

Rebuilding Starting Scores - December 2021

FICO SCORE 8 - Current 10/1/25

Stats: : 1/6; 1/12; 4/24 --- AAoA 5 YRS --- INQ: EX-3/TU-4/EQ-0

cashorcharge · ‎07-18-2022

I feel like this is a personal preference thing. PenFed is focused on many things, not just an existing account before approving for more. If it were me, I would hold off if your set on awaiting a pre-approval...otherwise, just apply for a card.

SouthJamaica · ‎07-19-2022

@mfinsmi1 wrote:
the only thing penfed has preapproved me for since becoming a member 2 months ago is an Overdraft line of credit - is this a good way to build a relationship wih them for the future ? or is this kind of a pointless thing to waste a HP for?

I don't think you should apply for any credit product you wouldn't value having, just to "build a relationship". You would get the hard pull and the new account effects just the same as you would get for a product you really wanted to have.