Penfed membership approved

[USC08]

Since I got approved for membership today, they "should" use the same HP right?

[core]

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@USC08 wrote:

Since I got approved for membership today, they "should" use the same HP right?

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They did for me.

[MyDataMyChoice]

I was told they use the same HP for 90 Days unless you request a new pull

[youdontkillmoney]

Congrats! That's the first step in building a relationship with PenFed.

[USC08]

Thank you everyone for the replies.

[Anonymous]

I like my 5% gas rewards on my card. Very good customer service

[core]

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@Anonymous wrote:

I like my 5% gas rewards on my card. Very good customer service

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I like mine too, but I don't know about the customer service part.  They didn't give me the 5% at first even though I'd had a qualifying money market account.  When I asked them about it they just told me it would take a couple months to take effect, like it was no big deal.  What, that wasn't part of the deal?!? So I sat through 2-3 months of 3% cash back and was pleasantly surprised when they eventually gave me a credit for those past months. 

The 5% gas is only at the pump.  From what I understand, Fort Knox is inside payments too, but I cannot yet confirm that.  I'm working on them next.  If it's true, the Fort Knox card is a way better 5% gas card.  Gas stations around here sell all kinds of naughty stuff inside.

[NRB525]

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@core wrote:

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@Anonymous wrote:
the best cards they have imho are the AMEX and Promise Visa.

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What makes you say that?  I'm looking at their cards now, and it seems the Amex is worth zip unless you pay for airfare.  5x points sounds nice but I can't find a list of what you can redeem them for, like statement credit or gift card ratios. I know they were devalued recently.

And with the Promise you get... nothing?  No points on purchases, not even a small signup bonus?  Not even a 0% intro APR?  I don't see anything redeeming about this card except no FTF, but that you can get anywhere, plus cash back.

I guess it just goes to show that it really depends what one wants out of a card.  And without that information a recommendation cannot be given.

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The Promise card is set up to get the user to a lower APR than generally available, it starts with a $500 minimum CL so it's relatively easy to get started (relative being a high bar for PenFed to begin with) there are no fees, no overlimit fees, no FTF, it has an EMV and PIN-capable.