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ihatecollections

Approved for Penfed Power Rewards Finally

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After years of trying I finally got my foot in the door. They gave me a measly $3k after I trigered a manual review from the automated system. I did some searching but I saw only old posts on how their clis work. Should I treat it like discover and wait 90 days or wait 6 months before I ask for a cli? I also read that they give cli offers on a quarterly basis. I plan on using it to pay my cell bill and then pif each month. My scores took a bit of a hit because I opened 3 new ccs in the last month but added $20k to my available credit.

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Congratulations!

 

The only thing I know about Penfed is to only apply when reports are clean.

Edited by Kat58

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Congratulations!

 

The only thing I know about Penfed is to only apply when reports are clean.

Yes, exactly. I have a feeling ( I am now almost positive ) that IF you join with a BK on your CR, you are flagged in their system, and it has to be MANUALLY removed if it ages off - it happened to me today. Apped for a Power rewards last night. Fresh HP. Denied for Inq (I have 70+), and also BK. BK aged off of EQ 3 months ago. Got the survey, filled it out and complained about the denial and that the BK had aged off. Not even 20 mins later after I hit submit on the survey, PenFed calls me, apologizing for a "error on their part involving the BK".. Leads me to believe that they then removed the flag. CSR then approved me for $10K SL before I could even ask... and profusely apologizes.... I was almost in shock with this one!

 

 

What else could it be? Makes sense to me.... Somehow I dont think I am the only one...

Edited by Fltireguy

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Congratulations!

 

The only thing I know about Penfed is to only apply when reports are clean.

Yes, exactly. I have a feeling ( I am now almost positive ) that IF you join with a BK on your CR, you are flagged in their system, and it has to be MANUALLY removed if it ages off - it happened to me today. Apped for a Power rewards last night. Fresh HP. Denied for Inq (I have 70+), and also BK. BK aged off of EQ 3 months ago. Got the survey, filled it out and complained about the denial and that the BK had aged off. Not even 20 mins later after I hit submit on the survey, PenFed calls me, apologizing for a "error on their part involving the BK".. Leads me to believe that they then removed the flag. CSR then approved me for $10K SL before I could even ask... and profusely apologizes.... I was almost in shock with this one!

 

 

What else could it be? Makes sense to me.... Somehow I dont think I am the only one...

 

It's nice to hear about positive experiences, instead of the usual b!tch-fest :D Glad it worked out for you.

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