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Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012

Penfed EMV (again)

Looks like there is now a link on the Penfed site, Convert to a Chip Enabled Card   This asks you for a PIN and warns you a new card with a new account number will be issued.   I didn't want to play with it too much, but this looks like a better system than "Apply for a new card" approach earlier this month.

 

It warns you that your old card automatically expires 14 days from (??? don't know!) so activate as soon as you receive it,  and that all balance, reward etc, gets transferred to the new number.

 

 

Valued Contributor
chnceit
Posts: 1,524
Registered: ‎08-17-2008

Re: Penfed EMV (again)

Sweet! At least now they wont be confused when you convert your card or actually apply for a new card :smileyvery-happy:

 

I called PenFed to ask them where my card is because I didnt even get it yet. They told me it takes a very long time if I didnt pay for the expedite shipping. Gosh! 3 weeks now!


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Last Credit Card App: 11/16/13
Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012

Re: Penfed EMV (again)


chnceit wrote:

Sweet! At least now they wont be confused when you convert your card or actually apply for a new card :smileyvery-happy:

 

I called PenFed to ask them where my card is because I didnt even get it yet. They told me it takes a very long time if I didnt pay for the expedite shipping. Gosh! 3 weeks now!


And if they start cancelling the old one 14 days from the request, they better speed up their processing!

 

My account still has both cards active.  I applied something like Jan 7, it was "transferred" Jan 12, and I think it arrived and I activated it around Jan 21.  So I will see if it gets turned off soon.

Frequent Contributor
newportguy
Posts: 351
Registered: ‎11-11-2012

Re: Penfed EMV (again)


bs6054 wrote:

chnceit wrote:

Sweet! At least now they wont be confused when you convert your card or actually apply for a new card :smileyvery-happy:

 

I called PenFed to ask them where my card is because I didnt even get it yet. They told me it takes a very long time if I didnt pay for the expedite shipping. Gosh! 3 weeks now!


And if they start cancelling the old one 14 days from the request, they better speed up their processing!

 

My account still has both cards active.  I applied something like Jan 7, it was "transferred" Jan 12, and I think it arrived and I activated it around Jan 21.  So I will see if it gets turned off soon.


Does the new card have the Original Opening Date of the old card ???  Thx


Current Score: myFico EQ - 794 ( 11/ 29/2012 ) amexFico EX - 787 (10/15/2012) myFico TU - 780 (11/29/2012) Credit Sesame - 809 (02/04/2013) Goal Score * 800 Club *
****** Garden Club Member -- Last HP Jan 3rd 2013 *******
*** Amex - BCP 10 K * PenFed - CR 5 K * Amex - GDSM 5 K *
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Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012

Re: Penfed EMV (again)


newportguy wrote:

bs6054 wrote:

chnceit wrote:

Sweet! At least now they wont be confused when you convert your card or actually apply for a new card :smileyvery-happy:

 

I called PenFed to ask them where my card is because I didnt even get it yet. They told me it takes a very long time if I didnt pay for the expedite shipping. Gosh! 3 weeks now!


And if they start cancelling the old one 14 days from the request, they better speed up their processing!

 

My account still has both cards active.  I applied something like Jan 7, it was "transferred" Jan 12, and I think it arrived and I activated it around Jan 21.  So I will see if it gets turned off soon.


Does the new card have the Original Opening Date of the old card ???  Thx


The second card hasn't reported to a CRA that I watch yet, but I will hopefully know soon.  The card does say "Member Since 13" whereas the old one says "Member Since 12".  I was wondering too because if they are separate records I have two very recent cards bringing down AAoA.

 

I would hope that the newer (more automated?) process might be able to handle the matching of accounts better, but I'll have to let someone else find that out.

Frequent Contributor
newportguy
Posts: 351
Registered: ‎11-11-2012

Re: Penfed EMV (again)


bs6054 wrote:

newportguy wrote:

bs6054 wrote:

chnceit wrote:

Sweet! At least now they wont be confused when you convert your card or actually apply for a new card :smileyvery-happy:

 

I called PenFed to ask them where my card is because I didnt even get it yet. They told me it takes a very long time if I didnt pay for the expedite shipping. Gosh! 3 weeks now!


And if they start cancelling the old one 14 days from the request, they better speed up their processing!

 

My account still has both cards active.  I applied something like Jan 7, it was "transferred" Jan 12, and I think it arrived and I activated it around Jan 21.  So I will see if it gets turned off soon.


Does the new card have the Original Opening Date of the old card ???  Thx


The second card hasn't reported to a CRA that I watch yet, but I will hopefully know soon.  The card does say "Member Since 13" whereas the old one says "Member Since 12".  I was wondering too because if they are separate records I have two very recent cards bringing down AAoA.

 

I would hope that the newer (more automated?) process might be able to handle the matching of accounts better, but I'll have to let someone else find that out.


Ok Thx !!! I would not want to convert yet if it means a new TL for me . Let us know when you find out for sure.


Current Score: myFico EQ - 794 ( 11/ 29/2012 ) amexFico EX - 787 (10/15/2012) myFico TU - 780 (11/29/2012) Credit Sesame - 809 (02/04/2013) Goal Score * 800 Club *
****** Garden Club Member -- Last HP Jan 3rd 2013 *******
*** Amex - BCP 10 K * PenFed - CR 5 K * Amex - GDSM 5 K *
Discover - IT 5 K ***** NO MORE APPS FOR ME IN 2013 *****
Contributor
pkosheta
Posts: 98
Registered: ‎08-13-2008

Re: Penfed EMV (again)

I could not be happier now that I have seen this.  I went and submitted it and am very excited to use it exclusively for my trip to Europe in a few months.  No annual fee, chip and pin, no forex fees.  A chase card has chip and sig, not chip in pin Which means u never know if it will work or be accepted Overseas.  Sure MasterCard and visa say the merchant must still take them, but YMMV I imagine despitentheir company line.  Penfed made me smile tonight.

Age 28
AU- United+ Visa 33k, *97. GM MasterCard 15k, *95.
Individual- PenFed Plat Rew 7k, *08. Amex Blue 6.7k, *12. Hilton Amex 5.5k, *12. Chase Sapphire 15k, *12. U.S. Bank Cash+ 12.3k, *12. Barclays Priceline.com Rewards Visa 11k, *13. Citi Hilton Reserve 7k, *13. Club Carlson Premier 6k, *13.
Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012

Re: Penfed EMV (again)


pkosheta wrote:

I could not be happier now that I have seen this.  I went and submitted it and am very excited to use it exclusively for my trip to Europe in a few months.  No annual fee, chip and pin, no forex fees.  A chase card has chip and sig, not chip in pin Which means u never know if it will work or be accepted Overseas.  Sure MasterCard and visa say the merchant must still take them, but YMMV I imagine despitentheir company line.  Penfed made me smile tonight.


It is chip&pin but defaults to chip&sig, only using PIN for "unattended" purchases.  Which is certainly better than nothing, but not as useful as default to chip&pin.  I'll be trying it out in about two weeks in the UK, and compare to my "real" chip&pin (UK) card

Contributor
pkosheta
Posts: 98
Registered: ‎08-13-2008

Re: Penfed EMV (again)

Thanks for the info, still better than what was before.  Besides when u really need the chip and pin is those unattended places where u can't get anyone to help and The machines only take chip and pin.  I've heard some train ticket issues can creep up.  Please let us know how it goes, there won't be a lot of info about this change for a while because it is pretty new and a pretty niche card issuer.

Age 28
AU- United+ Visa 33k, *97. GM MasterCard 15k, *95.
Individual- PenFed Plat Rew 7k, *08. Amex Blue 6.7k, *12. Hilton Amex 5.5k, *12. Chase Sapphire 15k, *12. U.S. Bank Cash+ 12.3k, *12. Barclays Priceline.com Rewards Visa 11k, *13. Citi Hilton Reserve 7k, *13. Club Carlson Premier 6k, *13.
Established Contributor
dodgeball
Posts: 761
Registered: ‎10-16-2007

I live in germany for the last seven years and never have...

I live in germany for the last seven years and never have I seen the need to have a pin or a chip, the normal american credit card just works fine

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