Does Penfed use the same HP within 30 days?

[Ron1]

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@Anonymous wrote:

For what it's worth, I just got the PenFed Amex (after joining PenFed in the same phone call) with a 5K limit, instant approval. I have short credit but had no inquiries on EQ at the time, and credit score was probably somewhere in the 750s. Also, by Credit:Income ratio at the time was about 2:3, and I think that might have helped me avoid the "Pyramiding" label.

Point is that they don't seem THAT conservative, at least they weren't towards me.

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Congrats !

Ron.

[Anonymous]

Thanks! Super excited to get in the mail. Booking trip to Paris with it celebrate!

[Ron1]

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@Anonymous wrote:

Thanks! Super excited to get in the mail. Booking trip to Paris with it celebrate!

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Having a good trip!

Ron.

[Ron1]

Thanks everyone. I went ahead to appy and got approved.

[Anonymous]

Nice! Congrats! Now I am getting the itchy finger. 

Here is a question though. Why do most people seem to go for the Platinum Rewards vs the Cash Rewards? With the points value, Platinum is ~4% cashback on gas, Cash is 5%. 

[Ron1]

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@Anonymous wrote:

Nice! Congrats! Now I am getting the itchy finger. 

Here is a question though. Why do most people seem to go for the Platinum Rewards vs the Cash Rewards? With the points value, Platinum is ~4% cashback on gas, Cash is 5%. 

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Thanks!!!! It is because it is a Visa Signature card.  By the way, it has 3% on groceries.

Ron.

[Anonymous]

Really? I've never used the Visa Signature supposed benefits. I have a Siggy, I think I got a discounted movie ticket at some point but that's it. 

[Ron1]

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@Anonymous wrote:

Really? I've never used the Visa Signature supposed benefits. I have a Siggy, I think I got a discounted movie ticket at some point but that's it. 

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Yes, It is same here. I never used the benefits.  I couldn't tell the difference when I used it.

Ron.

[Anonymous]

So why not go for the full 5% penfed cash rewards?

[Ron1]

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@Anonymous wrote:

So why not go for the full 5% penfed cash rewards?

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That one is used for gas purchase. You won't get any cash back (0%) for other purchase. You can get at least 1 rewards on other purchases for Penfed Rewards Visa.

Now you have the choice to choose between those two.

Ron.