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Opening A Penfed Account Question.

CardHunter
Frequent Contributor

Opening A Penfed Account Question.

I was wanting to join and open a Penfed savings account and was looking for some info before opening the account if it would be a HP or SP on my credit and if it is a HP which credit bureau do they pull from?  TIA. 

 

(MODS. if this is in the wrong place my apologies.)

Message 1 of 10
9 REPLIES 9
gingerflower
Valued Contributor

Re: Opening A Penfed Account Question.

@CardHunter 

In the past I know Penfed pulls Equifax. If I am wrong others from my fico will correct me.

Message 2 of 10
SouthJamaica
Mega Contributor

Re: Opening A Penfed Account Question.


@CardHunter wrote:

I was wanting to join and open a Penfed savings account and was looking for some info before opening the account if it would be a HP or SP on my credit and if it is a HP which credit bureau do they pull from?  TIA. 

 

(MODS. if this is in the wrong place my apologies.)


This thread has 3 people reporting that recent PenFed membership applications were SP only:

 

https://ficoforums.myfico.com/t5/Personal-Finance/CREDIT-UNION-MEMBERSHIP-HARD-OR-SOFT-INQUIRIES/m-p...


Total revolving limits 699000 (597000 reporting) FICO 8: EQ 732 TU 721 EX 698

Message 3 of 10
CardHunter
Frequent Contributor

Re: Opening A Penfed Account Question.

Thanks guys, I went ahead and joined Penfed and opened a savings account and it was a SP on my EQ. Thanks again!

Message 4 of 10
Tdatb64
Established Member

Re: Opening A Penfed Account Question.

They were a hard pull on Equifax back in May when I opened my savings account.

Message 5 of 10
FireMedic1
Community Leader
Super Contributor

Re: Opening A Penfed Account Question.

@CardHunterDid the SP stick? I joined in Feb and it was a HP to join but I was able to use the same HP for the Power Cash card.




Homeowner since Sept 2020. Sharing my experiences after BK from learning here. Rebuild to recovery from the @ 540's.
Message 6 of 10
Zoostation1
Contributor

Re: Opening A Penfed Account Question.

I joined a month ago to open a savings account and it was SP only.

Rebuild Started Nov 2021
Jun 2022 EQ8 659, TU8 656, EX663
Jun 2022 EQ9 687, TU9 675, EX9 685
Aug 2022 EQ8 659, TU8 656, EX8 663
Aug 2022 EQ9 692, TU 691, EX 697
Message 7 of 10
7774x
Regular Contributor

Re: Opening A Penfed Account Question.


@Tdatb64 wrote:

They were a hard pull on Equifax back in May when I opened my savings account.


Penfed uses EQ 9 ..last yr they used SP to open  Savings account

Message 8 of 10
CardHunter
Frequent Contributor

Re: Opening A Penfed Account Question.


@FireMedic1 wrote:

@CardHunterDid the SP stick? I joined in Feb and it was a HP to join but I was able to use the same HP for the Power Cash card.


Sorry for the delay responding, yes it was just a SP on EQ when I joined. No alerts as of today of a HP. but I only signed up for the savings account just to get a foot in the door.

Message 9 of 10
TheKid2
Frequent Contributor

Re: Opening A Penfed Account Question.

Big fan of PenFed! They SP my membership 2 years ago, but HP on EQ 9 for the CCs I have. For a HELOC they pull EQ 5.

 

They do HP for a CLI or at least they did for me and I can live with that.

 

I think it's safe to say they are all about EQ.

 

JOINED 4/2020


FICO 8 = 582, 620, 589 / Mortgage = 633, 526, 581


CURRENT PEAK *Thanks to the MF Community!


FICO 8 = 715, 711, 720 / Mortgage = 688, 696, 681

Message 10 of 10
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