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PenFed almost giving away money!!!!

Regular Contributor

PenFed almost giving away money!!!!

Just got a notice from PenFed that they are reducing my cash advances apr from 17.99 to 9.99. Wow  what a drop, it seems almost like a bait.


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3 REPLIES
Established Contributor

Re: PenFed almost giving away money!!!!

WOW. Do you get cash advances often?

Regular Contributor

Re: PenFed almost giving away money!!!!

I never have but its good to have if I need it. My util is only 8% with all my cc accs.


Starting Score: 550-tu 550-eq
Current Score: 745-tu 777-eq (ex-736 lo)
Goal Score: 800-tu 800-eq


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Moderator Emeritus

Re: PenFed almost giving away money!!!!


creditchief wrote:

I never have but its good to have if I need it. My util is only 8% with all my cc accs.


They must feel that you are a good credit risk and they are wanting to increase the number of cash advances and balances so that they can earn more profits


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