New Contributor
Posts: 65
Registered: ‎01-30-2010

PENFED Question?

When you set up an account with them can you use your credit card to fund your account or do you have to use ACH through checking etc. And is it a cash advance if using a credit card or do they count it as a purchase. Thanks in advance everyone.
Frequent Contributor
Posts: 320
Registered: ‎10-20-2008

Re: PENFED Question?

You can use credit card.  They warn you that some credit cards may treat it as a cash advance.  Mine did not.  I don't remember which card I used but it was reported as a purchase. But there is no guarantee.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.