PenTagon Federal Credit Union and Amex

[92SelfMade]

Im getting ready to pull the trigger on amex blue card Ive always felt as though amex will complete my card colleciton making me have 6 cards but I feel as though it is superior and wanting to get the blue amex but also saw pentagon federal credit union had a amex card through it and wanted to know which is better?

I also was wanting to know if anyone has had experience with penfed and there dept I have 3 years of credit history aaoa of 1 year 10 months also my score will be in the 700's when i apply for a penfed account agin what are chance penfed will approve always heard great things about them and amex i need to make them my main credit union and only credit union

[indiolatino61]

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@92SelfMade wrote:

Im getting ready to pull the trigger on amex blue card Ive always felt as though amex will complete my card colleciton making me have 6 cards but I feel as though it is superior and wanting to get the blue amex but also saw pentagon federal credit union had a amex card through it and wanted to know which is better?

I also was wanting to know if anyone has had experience with penfed and there dept I have 3 years of credit history aaoa of 1 year 10 months also my score will be in the 700's when i apply for a penfed account agin what are chance penfed will approve always heard great things about them and amex i need to make them my main credit union and only credit union

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Branded AmEx cards are not truly AmEx. They merely use the AmEx network. If you want a "true" AmEx, it must be a card issued directly from AmEx, such as the Charge Cards, and the BCE, BCP revolvers. Which is "superior" is a matter of endless debate...it depends on what your views on each individual lenders perks are.

[92SelfMade]

ok but ill probably go with penfed there defender amex card has lower rates than the regular amex

[SnackTrader]

Question:

Why are you placing interest rates as the priority in your decision to apply for one card or the other?

I'm curious, not accusing you of this being a bad thing.

[92SelfMade]

penfed has a 4.99 balance transfer apr for life if u transgert by a certain date u can have that and I plan on carrying a balance sometime

[b_seeker]

OP, you said your score would be in the 700s when you apply for Penfed. Did you mean low 700s? Because honestly, I would wait until you reach the 750s and your AAoA improves to 2 years (Currently, FICO will show 1 year history for scoring, not 1 year X months.) You may be able to get an approval in the low 700s but with a thin file, the higher the better for them.

[92SelfMade]

last time i was with penfed the credit analyst said he liked my credit profile just utilization waas too high and he wouldnt approve me for loans until it moved down but did give me alimited checking acccount now my uti is low

[youngandcreditwrthy]

Please let us know the outcome. I'm working with a similar score and will prob need to app the Travel Amex for the 4.99% too.

Also, have you considered the PNC Flex Visa? It had a two year bt rate of 1.99 or 2.99 iirc and per reviews online, it seems easier to get approved for
Penfed seems very difficult to get approved for.