06-01-2013 04:58 PM
Wow, did Penfed just remove this card from their site? Whether you look under the credit card listings on the main site or logged in - I now only see the Signature card! You think they're phasing this out to the 3%-2%-1% rewards only?
06-01-2013 06:05 PM
Looks like it's gone for new applicants (which makes sense) although they still have the old cash one (5% off gas, 0.25% of the rest). As I said earlier, we don't know what will happen to existing card holders. Some have already been given the option to switch to the Signature version, and I was told we all would be given that option. (Actually, it's an opt-out, unless you explicitly decline, you get converted). What's not clear is what happens to those that opt out. I just find it hard to believe that they would continue to get 5/3/1 for a long period.
06-01-2013 06:15 PM
That's really disappointing, especially for my planned spree in the fall. I thought the non-signature version looked better too. . .
06-01-2013 06:23 PM - edited 06-01-2013 06:24 PM
Well, I don't know if I was feeling app-happy or what, but on a whim I checked the BofA site for pre-approved offers. The Cash Rewards card came up as an offer, and I pulled the trigger! Approved instantly for $5,000.
congrats and nice limit! I have a penfed membership/account but havent pulled the trigger cuz i have 2 chargeoffs from 2007 due to fall off in 2014 so will apply then.There a very conservative lender.
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.