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 PenFed pe-approval web page.
Here is the credit score needed for a PenFed credit card:
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.
Most PenFed credit cards require an excellent credit score (750+) for approval. A few are also designed for people with good credit (700-749). Please find a full list of cards on our PenFed credit card page.
People typically start receiving PenFed credit card pre approval offers 6 months after joining Pentagon Federal Credit Union. Watch for an email with the subject line, “Congrats, on your pre-approval!” Based on your creditworthiness, income and other undisclosed factors, they will include various credit cards from their portfolio in that offer.… read full answer
You have to receive an offer, though. You can’t just take it upon yourself to check which PenFed cards will give you good approval odds. That’s called pre-qualification, and PenFed doesn’t let you check for that.
The best PenFed credit card is the PenFed Power Cash Rewards card. It offers 1.5% cash back on all purchases and gives a $100 bonus statement credit for spending $1,500 within the first 3 months the account is open. The card also comes with a $0 annual fee and an intro balance transfer APR of 0% for 12 months. Plus, members who meet certain military service and/or checking account requirements qualify for PenFed Honors membership and will earn 2% cash back on all purchases instead of the standard 1.5%.… read full answer
For higher earnings on everyday purchases, the best PenFed card is the Platinum Rewards card. You’ll earn 5 points per $1 spent on gas purchases, 3 at grocery stores and 1 on all other purchases. Or, the Gold Visa is PenFed’s best low-interest card. The regular APR is 7.49% - 17.99% (V), and that’s after the card’s introductory interest rate of 7.49% - 17.99% (V) on balance transfers. Both the Platinum Rewards and Gold Visa cards have the same $100 statement bonus offer as the Power Cash Rewards card.
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