Decided to open a Penfed checking today to use as my main checking account with the goal of eventually getting a credit card after I gardened for a year or so, but decided to take a chance for a card since it's the same hard pull so I'm not losing out on anything, and because you just never know, and to my surprise I was approved for $2500. And they had 4 different designs for the Gold card to choose as well.
Heres my story and why I didn't think I'd be approved. Went on a massive app spree in May, approved for 5 cards and was denied for many others, most notably denied by Chase and Citi and Wells Fargo. Got 14 inquiries on Equifax (I'm pretty sure Penfed pulls EQ, right?) Have about 12% utilization and 14 equifax inquiries, 10 of those inquiries were done in 2016 and 13 of the 14 inqs are less then 1 year old. My Equifax score I'd guess is around 670-690. Was about 690 last time DCU Digital Federal Credit Union gave my my free fico in my checking account and my AAOA is like 8 months. Can't believe with that many new accounts and inqs on my report that I got approved! I thought Penfed was a fairly conservative lender and would consider me an Egyptian, but whatever. I was approved!
Went with the gold because I'd assume it'd be the easiest because it has no rewards and little to no perks. Not sure how true that is or if one card really is easier then the other to get approved for but I'm happy! Although the Platinum Rewards is a Visa Signature so I'm sure that requires a 5k limit and would be harder then the other cards.
Image may be NSFW.
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