Joined couple of days ago and Got approved for this power cash visa card this morning for 3500 sl. 17.49 % Apr. My Eq 691. Aaoa 10 months , utilization 6% . Clean report .
However it was not an instant approval. It Was referred to the loan officer after applying on saturday night. Surprisingly on sunday morning i received an email about some risk credit score document. And then when i checked the status it showed review as done, and there was a button to continue. I clicked it and it asked me to esign the documents and thats it. I was approved on a sunday ! No income verification or anything. Also got conditional approval for auto loan refinancing ,but with 4.25 % apr 
which does not work for me ,because my apr with toyota is 4.0%. I have secure messaged them to reconsider lowering the apr , let see what happens. So ,how is their points rewards structure ? Is it worth applying for that 5 points on gas card? Is it as flexible redemption as cash back rewards?
Considering coming out the garden because I want a CC from a credit union. I'm already a member of Alliant but I decided to join PenFed and was speaking with the representative about the PenFed Power Cash Rewards card and he confirmed in order to get the card, you must have a 640 (his exact words). I'm not sure if that information has been shared regarding the data points but this was the first time I've had a lender tell me what is the credit score requirement for a card.
Also was told you can include your spouse's income in your application as a factor and they encourage balance transfers. So if it's a number you are looking for, let them know you are considering transferring balances to the PowerCash card if you get it. The representative explicitly told me they would approve me for a higher SL if balance transfer is a reason for why I want the card.
I haven't applied yet (still debating on jumping out the garden). But I know I have 90 days to decide with the HP they took. But just thought I'd share the information for anyone looking into the card.
