What are the usual Penfed credit card approval requirements?

A credit score of 750+ is needed for all PenFed credit cards. That means applicants need excellent credit for approval. If you receive a pre-approved mail or e-mail offer for a PenFed credit card, it means PenFed thinks your credit profile likely meets the card's requirements for approval. While such an offer doesn't guarantee approval, it indicates good odds, so make sure you apply by flagging your application through the … read full answerPenFed pre-approval web page.

Here is the credit score needed for a PenFed credit card:

• PenFed Power Cash Rewards Visa Signature® Card: Requires a credit score of 750, at a minimum. That means you need excellent credit for approval.
• PenFed Pathfinder® Rewards Visa Signature® Card: Requires a credit score of 750, at a minimum. That means you need excellent credit for approval.
• PenFed Platinum Rewards Visa Signature® Card: Requires a credit score of 750, at a minimum. That means you need excellent credit for approval.
• PenFed Gold Visa® Card: Requires a credit score of 750, at a minimum. That means you need excellent credit for approval.

Applying for credit cards can trigger hard inquiries on your credit report, which may temporarily damage your credit score. So if you don't know where you stand, you can check your score for free, right here on WalletHub. PenFed membership is open to everyone, but in the past, it was restricted to military servicemembers or family thereof. Bear in mind that simply having the credit score needed for a PenFed credit card does not guarantee approval. Your annual income, amount of debt, number of open credit accounts and other factors are all reviewed as part of your application.