Reply
Regular Contributor
Posts: 194
Registered: ‎09-18-2009
0

PenFed Cash Rewards

Just had my first full month using the PenFed Gas Visa and my rewards for November = $82.00.

 

Not bad for just using their card and certainly better than any other card in my portfolio!  

Super Contributor
Posts: 5,744
Registered: ‎01-28-2008
0

Re: PenFed Cash Rewards


idmd wrote:

Just had my first full month using the PenFed Gas Visa and my rewards for November = $82.00.

 

Not bad for just using their card and certainly better than any other card in my portfolio!  


Did you charge $1640 in one month on the card?  You did great!

Regular Contributor
Posts: 194
Registered: ‎09-18-2009
0

Re: PenFed Cash Rewards

Something like that. I actually haven't moved everything I plan to move over to this card yet. I probably spend and PIF ~$3K per month on CC with about $2K going to this card and another $1K going to my USAA Amex which I only use at Costco.

 

I'll take $100 back a month from PenFed and roughly $40 back from my USAA Amex + Costco Executive Membership. All-in-all that's about $1200 + $480 - $100 (Costco membership) or $1580 per year just for using these cards! 

 

 

Established Contributor
Posts: 760
Registered: ‎04-30-2007
0

Re: PenFed Cash Rewards

I want PenFed's AMEX card.
pattycake's FICOs: 6/2/10 - TU: 708; EX: ???; EQ: 749
Super Contributor
Posts: 5,744
Registered: ‎01-28-2008
0

Re: PenFed Cash Rewards


pattycake wrote:
I want PenFed's AMEX card.

It charges a fee.  PenFed Cash Rewards is the best card.  I didn't use mine during the month of November.  I wont make it my primary card until PenFed give me a CLI.  Right now BOA, AMEX and Discover are my primary cards.  

Valued Member
Posts: 40
Registered: ‎11-06-2008
0

Re: PenFed Cash Rewards


DI wrote:

pattycake wrote:
I want PenFed's AMEX card.

It charges a fee.  PenFed Cash Rewards is the best card.  I didn't use mine during the month of November.  I wont make it my primary card until PenFed give me a CLI.  Right now BOA, AMEX and Discover are my primary cards.  


How long have you had it?  Penfed changed their CLI policy to 1 year at the beginning of the year.  I love this card though.  Almost 700 cash back this year and not a cent paid to them for interest.  I have a enough of a limit with them that I don't come close.  Amex blue cash is my backup ifit gets stolen/lost. I also have a discover more for 5% at restaurants when it's the current promotion.

Established Member
Posts: 35
Registered: ‎01-25-2008
0

Re: PenFed Cash Rewards

I usually don't get my cash back for about half of my gas purchases using the Penfed card. I got tired of calling them to get it sorted out. My Schwab card gives 2% back on everyting without the problems Penfed is plagued with.
Regular Contributor
Posts: 194
Registered: ‎09-18-2009
0

Re: PenFed Cash Rewards


partsworks wrote:
I usually don't get my cash back for about half of my gas purchases using the Penfed card. I got tired of calling them to get it sorted out. My Schwab card gives 2% back on everyting without the problems Penfed is plagued with.
I tracked all my purchases last month and I received cash back on 100% of what I expected. Not sure why you wouldn't - are you paying at the pump? 

 

Valued Contributor
Posts: 2,682
Registered: ‎07-29-2009
0

Re: PenFed Cash Rewards


karbon86 wrote:

 

How long have you had it?  Penfed changed their CLI policy to 1 year at the beginning of the year.  I love this card though.  Almost 700 cash back this year and not a cent paid to them for interest.  I have a enough of a limit with them that I don't come close.  Amex blue cash is my backup ifit gets stolen/lost. I also have a discover more for 5% at restaurants when it's the current promotion.


Right now, Discover has groceries as their 5% promotion. We use the PenFed for gas & groceries, once we've met Discover's upper limit on their 5% for groceries. Next quarter, Discover's 5% is hotels, airlines, & ...something else.

 

This is our preference:

 

We maximize the Discover 5% when we can...

 

PenFed for gas and groceries...

 

AmEx Delta Skymiles for the bulk of what we do...

 

To us (we travel a lot), it seems we maximize rewards (other than the 5% & 2%) when we utilize them as airline miles.

Regular Contributor
Posts: 179
Registered: ‎10-21-2008
0

Re: PenFed Cash Rewards

 

 


partsworks wrote:
I usually don't get my cash back for about half of my gas purchases using the Penfed card. I got tired of calling them to get it sorted out. My Schwab card gives 2% back on everyting without the problems Penfed is plagued with.

I've had this problem only when I buy gas at "no-name" stations. One such station, for example, bills as "XXXX REALTY CORP", so it's not surprising that PenFed rebated my purchases at this station at its 1.25% base rate.  

 

After I switched my business to brand-name stations, this problem went away.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

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

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.