STAY AWAY from First National Bank Omaha FNBO

[nysbadmk8]

Penfed gave me 27k... on a 703... soooooo I'd tend to agree that penfed ain't THAT tight

 

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[almostanonymous]

I should've known better than to apply for FNBO (wanted the EX08) and, as expected, I was shot down for INQs (multiple in the past 6 months, 4 new accounts). Scored 817 / 900 on their internal scoring but no dice.

[moosetracks]

I should've known better than to apply for FNBO (wanted the EX08) and, as expected, I was shot down for INQs (multiple in the past 6 months, 4 new accounts). Scored 817 / 900 on their internal scoring but no dice.

 

The 817/900 is most likely your EX 08 bankcard FICO. If you haved been B*ad they will get you with ARS..

[OwNt]

Penfed gave me 27k... on a 703... soooooo I'd tend to agree that penfed ain't THAT tight

 

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You realize this thread is a year old?

 

PenFed loves your or hates you, regardless of credit/income qualifications. This is well established.

 

My FICOs are 800+ with no debt and almost a six figure income. PenFed didn't trust me with a 8k CL.

[virtualtreasure]

 

Penfed gave me 27k... on a 703... soooooo I'd tend to agree that penfed ain't THAT tight

 

Sent from my SCH-I545 using Tapatalk

 

You realize this thread is a year old?

 

PenFed loves your or hates you, regardless of credit/income qualifications. This is well established.

 

My FICOs are 800+ with no debt and almost a six figure income. PenFed didn't trust me with a 8k CL.

 

Well, yeah but a bit of an oversimplification perhaps. Clearly credit/income qualification typically are germane, though not the whole story. It sure does does seem like they 'play favorites' so to speak. IIRC It took them >5 years of payment history to go goo goo over me. All indications they can be amenable over time with good behavior and that may come sooner or later, often later for a 'CW'.

 

Based on sig, with limits more than 3Xs income, they may've wanted to keep at 8k until more assured not building pyramids. Has often been worth the wait for members. Would rather stick with a lender that may hold in the reigns indefinitely than one that gets twitchy and closes (uninspired) products.

Edited April 2, 2014 by virtualtreasure

[HoustonLynne]

Clearly credit/income qualification typically are germane,...

 

Maybe the theme of this thread is that INQs are germane and credit/income are LaToya and Tito.

[virtualtreasure]

 

Clearly credit/income qualification typically are germane,...

 

Maybe the theme of this thread is that INQs are germane and credit/income are LaToya and Tito.

 

[nysbadmk8]

 

Penfed gave me 27k... on a 703... soooooo I'd tend to agree that penfed ain't THAT tight

 

Sent from my SCH-I545 using Tapatalk

 

You realize this thread is a year old?

 

PenFed loves your or hates you, regardless of credit/income qualifications. This is well established.

 

My FICOs are 800+ with no debt and almost a six figure income. PenFed didn't trust me with a 8k CL.

 

 

 

No I didnt.. Sorry If that updating it was offensive.

 

Sorry about Penfed.. Seems to be hit or miss like you said.

[T77125]

 

 

Penfed gave me 27k... on a 703... soooooo I'd tend to agree that penfed ain't THAT tight

 

Sent from my SCH-I545 using Tapatalk

 

You realize this thread is a year old?

 

PenFed loves your or hates you, regardless of credit/income qualifications. This is well established.

 

My FICOs are 800+ with no debt and almost a six figure income. PenFed didn't trust me with a 8k CL.

 

 

 

No I didnt.. Sorry If that updating it was offensive.

 

Sorry about Penfed.. Seems to be hit or miss like you said.

 

There is nothing wrong with bumping an old thread. It gives perspective. I recently responded to an FNBO pre-Approval & was instantly approved for a $15,000 limit with three INQ's in 2013. So as always YMMV.

[almostanonymous]

 

 

I should've known better than to apply for FNBO (wanted the EX08) and, as expected, I was shot down for INQs (multiple in the past 6 months, 4 new accounts). Scored 817 / 900 on their internal scoring but no dice.

The 817/900 is most likely your EX 08 bankcard FICO. If you haved been B*ad they will get you with ARS..

7 INQs in 2 years across all 3 bureaus (No B*) was apparently too many for them. *shrug*

 

Lesson learned to be more careful to not waste INQs in the future w/FNBO.

Edited April 2, 2014 by almostanonymous

[mj]

I have to say they've been pretty good to me - overstock.com rewards are pretty decent (club O membership included, instant $20 for signing up, plus an additional 3% for a total of 8% in club O rewards). Limit started at $2400 in 1/2013 and has steadily risen to $7100 by 3/14 - all auto CLI.

[almostanonymous]

So good. Just got declined the Amex, got a preapproval for the Amex in the mail today.

 

Nice try guys.

[OwNt]

FNBO is a conservative bank, but their free EX FICO and low APR cards are attractive. They consistently get high marks from Forbes each year: https://www.firstnational.com/common/shared/forbes/index.html.

 

PenFed and FNBO both have their respective pros and cons. Pick the one best suited for you.

[TheDrewbert]

DH just got this preapproval offer in the mail for the FNBO Amex. His EX is clean except for an old tax lien. Util is around 3%, but most of his lines are as an AU on my larger accounts. He only has 2 small limit Cap 1 cards, a $3400 Apple card, and the Buick lease as his own lines. ... wondering if this would be a good route for him. 6 inqs, but all more than 6 months old.